Beta Carotene Market was calculated to be USD 436.67 million and is projected to reach USD 572.78 million by 2022, growing at a CAGR of 3.5% from 2015 to 2022. In 2017, in terms of volume the market demand market was 371.56 tons and is projected to reach 451.81 tons by 2025 at a CAGR of 2.7% for the same forecast period.
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The global market for beta carotene is witnessing growth on the back of rising health concerns and increased importance of intake of beta carotene. Moreover, shift in trends towards natural ingredients is another factor driving towards the market growth. But, due to excessive intake of beta carotene can cause various effects on the human body therefore it is recommend to consumed in prescribed quantities only. However, rising demand from emerging economies and increasing demand of algae based carotene in functional and heath food provide huge market opportunities.
By product type, in 2014, synthetic beta carotene accounted for more than 70% of the market share in terms of volume as well as revenue. But growth is projected to highest from the natural segment which is projected to grow at a rate of 4.6% in terms of revenue during the forecast period from 2015 to 2022.
By applications type, food and beverages segment accounted for 40% share of the pie in terms of volume and revenue in 2014 and is projected to maintain their dominance during the forecast period. Growth is projected to be highest from the supplements segment which is projected to grow at a CAGR of 3.1% in terms of volume from 2015 to 2022 owing to rising health concerns, increasing awareness about the benefits of beta carotene and busy life style. Cosmetics segment is another major application which will witness potential growth during the forecast period.
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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Beta Carotene Market
Chapter 3 Introduction
3.3 Production Techniques
3.4 Pricing Analysis
3.5 Intake Recommendations
Chapter 4 Global Beta Carotene Market, By Product Type
4.1 By Product Type
4.1.1 Synthetic Beta Carotene
4.1.2 Natural Beta Carotene
Chapter 5 Global Beta Carotene Market, By Application Type
5.1 Food & Beverages
5.1.1 Global demand of beta carotene from the food & beverages application, (2017 – 2025), (USD Million), (Ton)
5.2.1 Global demand of beta carotene from the supplements application, (2017 – 2025), (USD Million), (Ton)
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