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)

Report
315 Pages
December 2023
Region: Global
Fairfield Market Research
ID: 5918239

The global beta-carotene market is on a vibrant growth trajectory, with a forecasted compound annual growth rate (CAGR) of 7%. The market is set to increase from a value of US$ 398 million in 2024 to a captivating US$ 630 million by the end of 2031, according to a study.

Beta-carotene, a natural pigment and micronutrient found in yellow and orange fruits and vegetables, plays a vital role in supplying vitamin A to the body. Its high antioxidant content has led to an increased application in dietary supplements, pharmaceuticals, and the food industry. Beta-carotene serves as a natural food coloring agent in beverages, packaged foods, and confectioneries.

Key Trends Shaping the Beta-Carotene Market

Rising Demand for Plant-Based Products: The surge in veganism and plant-based diets has propelled the demand for plant-based products. Beta-carotene, with its natural and plant-based color and nutrition, is a key ingredient in these products.
Preference for Natural Colorants: Consumers are opting for natural colorants over synthetic ones due to concerns about health risks associated with the latter. Beta-carotene, a natural and stable colorant, is witnessing high demand in various food applications.
Technological Advancements: Innovations in beta-carotene extraction processes have enhanced production efficiency and availability. These advancements have also reduced production costs, making beta-carotene more accessible to manufacturers.
Animal Feed Demand: Beta-carotene serves as a source of vitamin A in animal feed, particularly for livestock. The growing demand for animal feed is boosting the market for beta-carotene.
Preference for Synthetic Beta-Carotene: Synthetic alternatives to beta-carotene, such as synthetic vitamin A and carotenoids, are cost-effective and easier to produce, posing competition in the market. Demand for natural and sustainable ingredients presents opportunities for natural beta-carotene producers.

Sales Projection in Europe and China

In Europe, the demand for beta-carotene is growing in the organic and natural cosmetics sector. European manufacturers are incorporating beta-carotene as a key ingredient in personal care and cosmetics products.

China is witnessing significant growth in beta-carotene demand due to its usage in various food and beverage products, including carbonated drinks, sports drinks, and fruit juices.

Competitive Landscape

Key players in the beta-carotene market include Koninklijke DSM NV, BASF SE, and Döhler GmbH. These major manufacturers focus on tailoring their product offerings for different applications, such as the food industry, cosmetics, and personal care.

Key Companies in the Beta-Carotene Market

Allied Biotech Corporation
Archer Daniels Midland Company
BASF SE
DDW, The Color House
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.

The global beta-carotene market is poised for a colorful journey of growth, driven by trends in plant-based products, natural colorants, technological advancements, animal feed demand, and consumer preferences.

Beta-Carotene Industry Research Segmentation

By Source:

Synthetic
Fruits and Vegetables
Algae & Fungi

By Form:

Powder
Liquid

By End Use:

Food and Beverages
Bakery & Confectionery
Dairy & Desserts
Sauces
Dietary Supplements
Animal Feed
Cosmetics & Personal Care

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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1. Executive Summary

1.1. Global 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 Beta-Carotene Market Outlook, 2018 - 2031

3.1. Global Beta-Carotene Market Outlook, by Source, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Synthetic
3.1.1.2. Fruits and Vegetables
3.1.1.3. Algae & Fungi
3.2. Global Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Powder
3.2.1.2. Liquid
3.3. Global Beta-Carotene Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Food and Beverages
3.3.1.1.1. Bakery & Confectionery
3.3.1.1.2. Dairy & Desserts
3.3.1.1.3. Sauces
3.3.1.2. Dietary Supplements
3.3.1.3. Animal Feed
3.3.1.4. Cosmetics & Personal Care
3.4. Global Beta-Carotene Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa

4. North America Beta-Carotene Market Outlook, 2018 - 2031

4.1. North America Beta-Carotene Market Outlook, by Source, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Synthetic
4.1.1.2. Fruits and Vegetables
4.1.1.3. Algae & Fungi
4.2. North America Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Powder
4.2.1.2. Liquid
4.3. North America Beta-Carotene Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Food and Beverages
4.3.1.1.1. Bakery & Confectionery
4.3.1.1.2. Dairy & Desserts
4.3.1.1.3. Sauces
4.3.1.2. Dietary Supplements
4.3.1.3. Animal Feed
4.3.1.4. Cosmetics & Personal Care
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
4.4.1.2. U.S. Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
4.4.1.3. U.S. Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
4.4.1.4. Canada Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
4.4.1.5. Canada Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
4.4.1.6. Canada Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Beta-Carotene Market Outlook, 2018 - 2031

5.1. Europe Beta-Carotene Market Outlook, by Source, Value (US$ Mn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Synthetic
5.1.1.2. Fruits and Vegetables
5.1.1.3. Algae & Fungi
5.2. Europe Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Powder
5.2.1.2. Liquid
5.3. Europe Beta-Carotene Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Food and Beverages
5.3.1.1.1. Bakery & Confectionery
5.3.1.1.2. Dairy & Desserts
5.3.1.1.3. Sauces
5.3.1.2. Dietary Supplements
5.3.1.3. Animal Feed
5.3.1.4. Cosmetics & Personal Care
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
5.4.1.2. Germany Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.4.1.3. Germany Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
5.4.1.4. U.K. Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
5.4.1.5. U.K. Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.4.1.6. U.K. Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
5.4.1.7. France Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
5.4.1.8. France Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.4.1.9. France Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
5.4.1.10. Italy Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
5.4.1.11. Italy Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.4.1.12. Italy Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
5.4.1.13. Turkey Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
5.4.1.14. Turkey Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.4.1.15. Turkey Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
5.4.1.16. Russia Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
5.4.1.17. Russia Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.4.1.18. Russia Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
5.4.1.19. Rest of Europe Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
5.4.1.20. Rest of Europe Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
5.4.1.21. Rest of Europe Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Beta-Carotene Market Outlook, 2018 - 2031

6.1. Asia Pacific Beta-Carotene Market Outlook, by Source, Value (US$ Mn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Synthetic
6.1.1.2. Fruits and Vegetables
6.1.1.3. Algae & Fungi
6.2. Asia Pacific Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Powder
6.2.1.2. Liquid
6.3. Asia Pacific Beta-Carotene Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Food and Beverages
6.3.1.1.1. Bakery & Confectionery
6.3.1.1.2. Dairy & Desserts
6.3.1.1.3. Sauces
6.3.1.2. Dietary Supplements
6.3.1.3. Animal Feed
6.3.1.4. Cosmetics & Personal Care
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
6.4.1.2. China Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.4.1.3. China Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
6.4.1.4. Japan Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
6.4.1.5. Japan Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.4.1.6. Japan Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
6.4.1.7. South Korea Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
6.4.1.8. South Korea Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.4.1.9. South Korea Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
6.4.1.10. India Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
6.4.1.11. India Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.4.1.12. India Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
6.4.1.13. Southeast Asia Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
6.4.1.14. Southeast Asia Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.4.1.15. Southeast Asia Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Beta-Carotene Market Outlook, 2018 - 2031

7.1. Latin America Beta-Carotene Market Outlook, by Source, Value (US$ Mn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Synthetic
7.1.1.2. Fruits and Vegetables
7.1.1.3. Algae & Fungi
7.2. Latin America Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
7.2.1.1. Powder
7.2.1.2. Liquid
7.3. Latin America Beta-Carotene Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Food and Beverages
7.3.1.1.1. Bakery & Confectionery
7.3.1.1.2. Dairy & Desserts
7.3.1.1.3. Sauces
7.3.1.2. Dietary Supplements
7.3.1.3. Animal Feed
7.3.1.4. Cosmetics & Personal Care
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
7.4.1.2. Brazil Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.4.1.3. Brazil Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
7.4.1.4. Mexico Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
7.4.1.5. Mexico Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.4.1.6. Mexico Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
7.4.1.7. Argentina Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
7.4.1.8. Argentina Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.4.1.9. Argentina Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
7.4.1.10. Rest of Latin America Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
7.4.1.11. Rest of Latin America Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
7.4.1.12. Rest of Latin America Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Beta-Carotene Market Outlook, 2018 - 2031

8.1. Middle East & Africa Beta-Carotene Market Outlook, by Source, Value (US$ Mn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Synthetic
8.1.1.2. Fruits and Vegetables
8.1.1.3. Algae & Fungi
8.2. Middle East & Africa Beta-Carotene Market Outlook, by Form, Value (US$ Mn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Powder
8.2.1.2. Liquid
8.3. Middle East & Africa Beta-Carotene Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Food and Beverages
8.3.1.1.1. Bakery & Confectionery
8.3.1.1.2. Dairy & Desserts
8.3.1.1.3. Sauces
8.3.1.2. Dietary Supplements
8.3.1.3. Animal Feed
8.3.1.4. Cosmetics & Personal Care
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Beta-Carotene Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
8.4.1.2. GCC Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.4.1.3. GCC Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
8.4.1.4. South Africa Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
8.4.1.5. South Africa Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.4.1.6. South Africa Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
8.4.1.7. Egypt Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
8.4.1.8. Egypt Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.4.1.9. Egypt Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
8.4.1.10. Nigeria Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
8.4.1.11. Nigeria Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.4.1.12. Nigeria Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Beta-Carotene Market by Source, Value (US$ Mn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Beta-Carotene Market by Form, Value (US$ Mn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Beta-Carotene Market by End Use, Value (US$ Mn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By End Use vs by Form Heat map
9.2. Manufacturer vs by Form Heat map
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Allied Biotech Corporation
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Archer Daniels Midland Company
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. BASF SE
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. DDW, The Color House
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Divis Laboratories Ltd.
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Dohler GmbH
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Kingherbs Limited
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Koninklijke DSM NV
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. Lycored Corp.
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. Oterra A/S
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. Sensient Technologies Corp.
9.5.11.1. Company Overview
9.5.11.2. Product Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
9.5.12. Shaivaa Algaetech LLP
9.5.12.1. Company Overview
9.5.12.2. Product Portfolio
9.5.12.3. Financial Overview
9.5.12.4. Business Strategies and Development
9.5.13. Vidya Herbs Pvt. Ltd.
9.5.13.1. Company Overview
9.5.13.2. Product Portfolio
9.5.13.3. Financial Overview
9.5.13.4. Business Strategies and Development
9.5.14. Vinayak Ingredients India Pvt. Ltd.
9.5.14.1. Company Overview
9.5.14.2. Product Portfolio
9.5.14.3. Financial Overview
9.5.14.4. 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
Archer Daniels Midland Company
DDW, The Color House
Divis Laboratories Ltd.
BASF SE
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.
Other Companies (on Additional Request

Methodology

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Key Trends Shaping the Beta-Carotene Market

Sales Projection in Europe and China

Competitive Landscape

Key Companies in the Beta-Carotene Market

Beta-Carotene Industry Research Segmentation

By Source:

By Form:

By End Use:

By Region:

Table of Contents

Companies Mentioned (Partial List)

Methodology

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