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Synthetic Beta-Carotene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 247 Pages
  • November 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5908990
Description Jump to:
The global synthetic beta-carotene market is thriving, with an estimated valuation of US$ 240 million in 2024. This study projects a CAGR of 6.79%, propelling the market to reach a significant valuation of US$ 380 million by the end of 2031. Synthetic beta-carotene, a crystalline powder, plays a crucial role in various industries due to its versatile applications.

Key Trends Shaping the Synthetic Beta-Carotene Market:

  • Growing Demand in the Nutraceutical Industry: Synthetic beta-carotene, known for its antioxidant properties, has gained popularity in the nutraceutical sector. Increasing awareness of its benefits in enhancing eye health, immune function, and skin health has fueled demand. Nutraceutical products, such as dietary supplements and functional foods, are incorporating beta-carotene to promote overall health and wellness.
  • Use as a Food Colorant: The food and beverage industry is rapidly expanding, and synthetic beta-carotene is in high demand as a food colorant. It imparts a vibrant yellow-orange hue to various products, including dairy beverages, ice cream, confectionery, and bakery items. Regulatory approvals, such as those by the United States FDA, have further accelerated its use in the industry.
  • Cost-Effectiveness: Synthetic beta-carotene is witnessing higher demand compared to its natural counterpart due to lower production costs. Its ease of production and wide availability make it a cost-effective choice for various applications.
  • Regulatory Challenges: Stringent regulations and compliance requirements can pose challenges for new entrants, hindering market growth. However, proper adherence to regulations can offer opportunities for differentiation and growth in the market.

Country-wise Market Insights:

Germany: Expanding Food Sectors Drive Demand: Germany, along with the United Kingdom and France, exhibits significant demand for synthetic beta-carotene. The expanding dairy, beverage, and bakery sectors in Germany are expected to contribute positively to the market's growth.

India: Demand from Animal Feed Industry: India's growing animal feed industry is a key driver of synthetic beta-carotene sales. Beta-carotene's role in supporting animal health and nutrition, including improved fertility and immune function, fuels demand in this sector.

Competitive Landscape:

Market players in the synthetic beta-carotene industry are focused on expanding production capacities, investing in research and development, and innovating to meet increasing consumer demands. These strategies enable them to ensure product quality, profitability, and the ability to cater to diverse consumer needs.

Key Companies Leading the Synthetic Beta-Carotene Market:

  • Allied Biotech Corporation
  • Arshine Natural & Nutrition
  • Archer Daniels Midland Company
  • BASF SE
  • Divis Laboratories Ltd.
  • Döhler GmbH
  • Kingherbs Limited
  • Koninklijke DSM NV
  • Lycored Corp
  • Oterra A/S
  • Sensient Technologies Corp.
  • Shaivaa Algaetech LLP
  • Vidya Herbs Pvt. Ltd.
  • Vinayak Ingredients India Pvt. Ltd.
  • Davos Life Science

Synthetic Beta-Carotene Industry Research by Category:

By Form:

  • Powder
  • Liquid

By End Use:

  • Food and Beverages

o Bakery & Confectionery:

o Dairy & Desserts:

o Sauces:

  • Dietary Supplements
  • Animal Feed
  • Cosmetics & Personal Care

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa


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Table of Contents

1. Executive Summary
1.1. Global Synthetic Beta-Carotene Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Synthetic Beta-Carotene Market Outlook, 2018 - 2031
3.1. Global Synthetic Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Powder
3.1.1.2. Liquid
3.2. Global Synthetic Beta-Carotene Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Food & Beverages
3.2.1.2. Bakery & Confection
3.2.1.3. Dairy & Desserts
3.2.1.4. Sauces
3.2.1.5. Dietary Supplements
3.2.1.6. Animal feed
3.2.1.7. Cosmetics & personal Care
3.3. Global Synthetic Beta-Carotene Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Synthetic Beta-Carotene Market Outlook, 2018 - 2031
4.1. North America Synthetic Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Powder
4.1.1.2. Liquid
4.2. North America Synthetic Beta-Carotene Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Food & Beverages
4.2.1.2. Bakery & Confection
4.2.1.3. Dairy & Desserts
4.2.1.4. Sauces
4.2.1.5. Dietary Supplements
4.2.1.6. Animal feed
4.2.1.7. Cosmetics & personal Care
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Synthetic Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. U.S. Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
4.3.1.2. U.S. Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
4.3.1.3. Canada Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
4.3.1.4. Canada Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Synthetic Beta-Carotene Market Outlook, 2018 - 2031
5.1. Europe Synthetic Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Powder
5.1.1.2. Liquid
5.2. Europe Synthetic Beta-Carotene Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Food & Beverages
5.2.1.2. Bakery & Confection
5.2.1.3. Dairy & Desserts
5.2.1.4. Sauces
5.2.1.5. Dietary Supplements
5.2.1.6. Animal feed
5.2.1.7. Cosmetics & personal Care
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Synthetic Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Germany Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.3.1.2. Germany Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
5.3.1.3. U.K. Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.3.1.4. U.K. Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
5.3.1.5. France Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.3.1.6. France Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
5.3.1.7. Italy Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.3.1.8. Italy Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
5.3.1.9. Turkey Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.3.1.10. Turkey Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
5.3.1.11. Russia Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.3.1.12. Russia Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
5.3.1.13. Rest of Europe Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.3.1.14. Rest of Europe Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Synthetic Beta-Carotene Market Outlook, 2018 - 2031
6.1. Asia Pacific Synthetic Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Powder
6.1.1.2. Liquid
6.2. Asia Pacific Synthetic Beta-Carotene Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Food & Beverages
6.2.1.2. Bakery & Confection
6.2.1.3. Dairy & Desserts
6.2.1.4. Sauces
6.2.1.5. Dietary Supplements
6.2.1.6. Animal feed
6.2.1.7. Cosmetics & personal Care
6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Synthetic Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. China Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.3.1.2. China Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
6.3.1.3. Japan Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.3.1.4. Japan Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
6.3.1.5. South Korea Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.3.1.6. South Korea Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
6.3.1.7. India Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.3.1.8. India Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
6.3.1.9. Southeast Asia Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.3.1.10. Southeast Asia Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
6.3.1.11. Rest of Asia Pacific Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.3.1.12. Rest of Asia Pacific Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Synthetic Beta-Carotene Market Outlook, 2018 - 2031
7.1. Latin America Synthetic Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Powder
7.1.1.2. Liquid
7.2. Latin America Synthetic Beta-Carotene Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
7.2.1.1. Food & Beverages
7.2.1.2. Bakery & Confection
7.2.1.3. Dairy & Desserts
7.2.1.4. Sauces
7.2.1.5. Dietary Supplements
7.2.1.6. Animal feed
7.2.1.7. Cosmetics & personal Care
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Synthetic Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Brazil Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.3.1.2. Brazil Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
7.3.1.3. Mexico Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.3.1.4. Mexico Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
7.3.1.5. Argentina Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.3.1.6. Argentina Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
7.3.1.7. Rest of Latin America Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.3.1.8. Rest of Latin America Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Synthetic Beta-Carotene Market Outlook, 2018 - 2031
8.1. Middle East & Africa Synthetic Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Powder
8.1.1.2. Liquid
8.2. Middle East & Africa Synthetic Beta-Carotene Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Food & Beverages
8.2.1.2. Bakery & Confection
8.2.1.3. Dairy & Desserts
8.2.1.4. Sauces
8.2.1.5. Dietary Supplements
8.2.1.6. Animal feed
8.2.1.7. Cosmetics & personal Care
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Synthetic Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. GCC Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.3.1.2. GCC Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
8.3.1.3. South Africa Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.3.1.4. South Africa Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
8.3.1.5. Egypt Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.3.1.6. Egypt Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
8.3.1.7. Nigeria Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.3.1.8. Nigeria Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
8.3.1.9. Rest of Middle East & Africa Synthetic Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.3.1.10. Rest of Middle East & Africa Synthetic Beta-Carotene Market by End User, Value (US$ Mn), 2018 - 2031
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs by End User Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Allied Biotech Corporation
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Arshine Natural & Nutrition.
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Archer Daniels Midland Company
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. BASF SE,
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Divis Laboratories Ltd.
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Döhler GmbH
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Kingherbs Limited
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Koninklijke DSM NV
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Lycored Corp
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. Oterra A/S
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. Sensient Technologies Corp.
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
9.4.12. Shaivaa Algaetech LLP
9.4.12.1. Company Overview
9.4.12.2. Product Portfolio
9.4.12.3. Financial Overview
9.4.12.4. Business Strategies and Development
9.4.13. Vidya Herbs Pvt. Ltd.
9.4.13.1. Company Overview
9.4.13.2. Product Portfolio
9.4.13.3. Financial Overview
9.4.13.4. Business Strategies and Development
9.4.14. Vinayak Ingredients India Pvt. Ltd.
9.4.14.1. Company Overview
9.4.14.2. Product Portfolio
9.4.14.3. Financial Overview
9.4.14.4. Business Strategies and Development
9.4.15. Davos Life Science.
9.4.15.1. Company Overview
9.4.15.2. Product Portfolio
9.4.15.3. Financial Overview
9.4.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Allied biotech corporation
  • ARSHINE NATURAL & NUTRITION
  • Archer Daniels Midland Company
  • BASF SE
  • Divis Laboratories Ltd.
  • Dohler GmbH
  • Kingherbs Limited
  • Koninklijke DSM NV
  • Lycored Corp
  • Oterra A/S
  • Sensient Technologies Corp.
  • Shaivaa Algaetech LLP
  • Vidya Herbs Pvt. Ltd.
  • Vinayak Ingredients India Pvt. Ltd
  • Davos Life Science

Methodology

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