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Beta Carotene Market

Beta Carotene Market By Application (Food & Beverages, Supplements, Animal Feed, Cosmetics) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022
Report Book

Published Date: Mar 2016
Category: Food & Beverages
Report ID: 57751
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

Market Insights

The global market for beta carotene is witnessing growth on the back of rising health concerns and the increased importance of the intake of beta carotene. Moreover, the shift in trends towards natural ingredients is another factor driving the market growth. But, excessive intake of beta carotene can also cause various effects on the human body. Therefore, it is recommended to be consumed in prescribed quantities only. However, rising demand from emerging economies and increasing demand for algae-based carotene in functional and healthy food provide huge market opportunities.

Many other larger, medium, and small manufacturers and private label players are present in the market, but only a few accountfor major market share. Some of the other players in this market are Allied Biotech Corp. Ltd, Naturex SA, and Chr. Hansen, and Zhejiang NHU Co., Ltd, among others.

Purpose of the Report

The purpose of this strategic research study titled “Global Beta Carotene Market” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global beta-carotene market.

Target Audience

  • Industry investor
  • Raw material suppliers
  • Distributors
  • Manufacturers
  • Retailers

Companies who want to enter the market and companies who want to diversify their product portfolio.

By Product Types

Based on product type, the global beta carotene market has been segmented into synthetic and natural beta carotene. The synthetic beta carotene segment accounted for the largest share in 2013 in terms of volume and revenue. This segment dominates the market as it is less expensive and requires less labor than natural beta carotene.

However, natural beta carotene is projected to be the fastest-growing segment. Increasing health awareness has led to the increased demand for natural products, which is one of the major factors for driving the natural beta-carotene market.

Application Segment Analysis

By application type, the food and beverages segment accounted for 40% share of the pie in terms of volume and revenue in 2014 and is projected to maintain its dominance during the forecast period.

Growth is projected to be highest in the supplements segment which is projected to grow at a CAGR of 3.1% in terms of volume during the forecast period owing to rising health concerns, increasing awareness about the benefits of beta carotene and busy lifestyle. In addition, the cosmetics segment is another major application that will witness potential growth during the forecast period.

Geography Segmentation Analysis

Based on geography, the global carotenoids market is segmented into the following regions

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

In 2013, Europe and North America together accounted for more than 70% share of the pie in terms of volume and revenue. Europe is projected to grow at the second highest rate in terms of volume from 2014 to 2022. The U.S. is the largest market globally for beta carotene and is projected to grow at a rate of 3.5% in terms of revenue for the next six years.

Asia Pacific region is projected to witness the fastest growth rate in both volume and revenue. In the Asia Pacific, Japan accounted for the largest share, but growth is projected to be highest from India and China. The roW is also projected to witness a moderate growth rate. Economies such as Brazil, Turkey, and Saudi Arabia offer huge untapped market opportunities.

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
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Beta Carotene Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Production Techniques
3.4 Pricing Analysis
3.5 Intake Recommendations
3.6 Guidelines according to FDA (U.S Food and Drug Administration)
3.7 Global Market Trend
3.7.1 Health benefiting role of beta carotene
3.7.2 Rising Demand from end user applications
3.7.3 Beta-Carotene markets are the mega trend of natural colorants
3.8 Market Restraint
3.8.1 Toxic effects of excessive intake of beta carotene
3.9 Opportunity
3.9.1 Demand for natural functional food and health food drives use of algae derived beta carotene
3.9.2 Increasing purchasing power of emerging economies
3.10 Supply Chain
3.11 Porter’s five force analysis
3.11.1 Bargaining power of suppliers
3.11.2 Bargaining power of buyers
3.11.3 Threat of new entrants
3.11.4 Threat of substitutes
3.11.5 Degree of competition

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, (2013- 2022), (USD Million), (Ton)
5.2 Supplements
5.2.1 Global demand of beta carotene from the supplements application, (2013- 2022), (USD Million), (Ton)
5.3 Animal Feed
5.3.1 Global demand of beta carotene from the animal feed application, (2013- 2022), (USD Million), (Ton)
5.4 Cosmetics
5.4.1 Global demand of beta carotene from the cosmetics application, (2013- 2022), (USD Million), (Ton)

Chapter 6 Global Beta Carotene Market, Regional Analysis
6.1 Global Beta Carotene Market, regional analysis
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 RoW

Chapter 7 Competitive Analysis
7.1 BASF
7.2 DSM
7.3 Kemin Industries
7.4 Cyanotech Corporation
7.5 LycoRed
7.6 Sensient Technologies
7.7 Allied Biotech Corp. Ltd
7.8 Divis Laboratories
7.9 Zhejiang NHU Co.,Ltd
7.10 D.D.Williamson & Co

Chapter 8 Conclusion

List Of Table :

TABLE 1 Market Snapshot: Global Beta Carotene Market
TABLE 2 Beta Carotene used as a colorant
TABLE 3 Natural Sources of beta carotene
TABLE 4 GDP Per capita (USD $), 2011 – 2014
TABLE 5 North America Beta Carotene Market, Strategic Snapshot
TABLE 6 North America beta carotene market volume by region, 2013-2022, (Ton)
TABLE 7 North America beta carotene market revenue by region, 2013-2022, (USD Million)
TABLE 8 North America beta carotene market volume by product type, 2013-2022, (Tons)
TABLE 9 North America beta carotene market revenue by product type, 2013-2022, (USD Million)
TABLE 10 North America beta carotene market volume by application type, 2013-2022, (Tons)
TABLE 11 North America beta carotene market revenue by application type, 2013-2022, (USD Million)
TABLE 12 Europe Beta Carotene Market, Strategic Snapshot
TABLE 13 Europe beta carotene market volume by region, 2013-2022, (Ton)
TABLE 14 Europe beta carotene market revenue by region, 2013-2022, (USD Million)
TABLE 15 Europe beta carotene market volume by product type, 2012-2022, (Tons)
TABLE 16 Europe beta carotene market revenue by product type, 2013-2022, (USD Million)
TABLE 17 Europe beta carotene market volume by application type, 2013-2022, (Tons)
TABLE 18 Europe beta carotene market revenue by application type, 2013-2022, (USD Million)
TABLE 19 Asia Pacific Beta Carotene Market, Strategic Snapshot
TABLE 20 APAC beta carotene market volume by region, 2013-2022, (Ton)
TABLE 21 APAC beta carotene market revenue by region, 2013-2022, (USD Million)
TABLE 22 APAC beta carotene market volume by product type, 2013-2022, (Tons)
TABLE 23 APAC beta carotene market revenue by product type, 2013-2022, (USD Million)
TABLE 24 APAC beta carotene market volume by application type, 2013-2022, (Ton)
TABLE 25 APAC beta carotene market revenue by application type, 2013-2022, (USD Million)
TABLE 26 RoW Beta Carotene Market, Strategic Snapshot
TABLE 27 RoW beta carotene market volume by region, 2013-2022, (Ton)
TABLE 28 RoW beta carotene market revenue by region, 2013-2022, (USD Million)
TABLE 29 RoW beta carotene market volume by product type, 2013-2022, (Ton)
TABLE 30 RoW beta carotene market revenue by product type, 2013-2022, (USD Million)
TABLE 31 RoW beta carotene market volume by application type, 2013-2022, (Ton)
TABLE 32 RoW beta carotene market revenue by application type, 2013-2022, (USD Million)
TABLE 33 Competitive Analysis

List Of Figure :

FIG. 1 Global carotenoids market share by type, 2014
FIG. 2 Global Market Trend for beta carotene market: Impact analysis (2014 – 2022)
FIG. 3 Global Natural Color Market, 2013 – 2022, (USD Million)
FIG. 4 Global Market restraint for beta carotene market: Impact analysis (2013 – 2022)
FIG. 5 Global Market opportunities for beta carotene market: Impact analysis (2013 – 2022)
FIG. 6 Global synthetic beta carotenoid market by product type, 2013-2022, (USD Million), (Tons)
FIG. 7 Global natural beta carotenoid market by product type, 2013-2022, (USD Million), (Tons)
FIG. 8 Global Beta Carotene Market, regional analysis, (2013 – 2022)

Frequently Asked Questions:

What is the size of Beta Carotene Market?

The market for Beta Carotene is expected to reach USD 979.92 million in 2026.

What is the Beta Carotene Market CAGR?

The Beta Carotene market is expected to see significant CAGR growth over the coming years, at 6.3%.

What is the Forecast period considered for Beta Carotene Market?

The report is forecasted from 2022-2029

What is the base year considered for Beta Carotene Market?

The base year of this report is 2021.

Who are the major players in this market?

Allied Biotech Corp. Ltd, Naturex SA, and Chr. Hansen, and Zhejiang NHU Co., Ltd, among others. are some of the major players in the global market.

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