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Global Beta-Carotene Market to reach USD 529.9 million by the end of 2030.

Global Beta-Carotene Market Size study & Forecast, by Type (Natural, Synthetic), by End Use (Natural Beta- Carotene, Synthetic Beta-Carotene) and Regional Analysis, 2023-2030

Product Code: OIRFB-75386119
Publish Date: 20-07-2023
Page: 200

Global Beta-Carotene Market is valued at approximately USD 372.6 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2030. Beta-carotene refers to the global industry focused on the production, distribution, and consumption of the natural pigment compound, beta-carotene, which is widely used as a food coloring agent, dietary supplement, and ingredient in cosmetic and personal care products. The Beta-Carotene Market is being driven by factors such as increasing demand for functional food & beverages and increasing animal feed industry.

The market for functional foods and beverages, which provide additional health benefits beyond basic nutrition, is expanding. Beta-carotene is often incorporated into these products to enhance their nutritional profile and offer specific health benefits. Examples include beta-carotene-fortified juices, smoothies, and energy bars. . According to Statista Size of the worldwide functional food and beverage market stood at USD 281.14 billion which increased to USD 307.77 billion in year 2022 and it is projected to reach at USD 529.66 billion by year 2028. Thus rising demand for functional food and beverages is driving the market growth. Along with this, Beta-Carotene serves as a precursor to vitamin A, an essential nutrient for animal growth and development. It plays a crucial role in vision, reproductive health, immune function, and overall vitality in animals. Therefore, the inclusion of Beta-Carotene in animal feed formulations can support animal health and performance. According to the international feed industry federation world compound feed production has reached over 1 billion tonnes annually. Thus, the increasing size of the functional food & beverages industry and animal feed industry fueling the growth of the market. In addition, growing interest in anti-aging and skin health and growth in demand for health and dietary supplements create lucrative opportunities for the market. However, the stringent regulations and quality standards hinder the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Beta-Carotene Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the increasing demand for natural ingredients and colorants in food and beverage products, such as energy drinks and also increasing consumer awareness about health and wellness in the region. Asia Pacific is considered the fastest growing region during the forecasted period due to the increasing demand for carbonated drinks and the large population base in the region.

Major market player included in this report are:
Otsuka Pharmaceutical Co., Ltd.
Reliance Private Label Supplements
San-Ei Gen F.F.I., Inc.
Sensient Technologies Corp.
Vinayak Corp.
E.I.D.-Parry (India) Ltd.
Foodchem International Corp.
CDH – Central Drug House (P) Ltd.
DDW The Color House
Divi’s Nutraceuticals

Recent Developments in the Market:
Ø In April 2023, Givaudan announced the acquisition ofAmyris Inc.’s significant cosmetic ingredient portfolio. This strategic move is aimed at bolstering Givaudan’s presence in the cosmetic and personal care segment, enabling the company to offer a wide range of natural and chemical-free cosmetics and personal care products that are enriched with beta-carotene. This acquisition reinforces Givaudan’s commitment to providing innovative and sustainable solutions to meet the evolving demands of consumers in the beauty industry.

Global Beta-Carotene Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By End Use:
Natural Beta-Carotene
Synthetic Beta-Carotene

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Beta-Carotene Market, by Region, 2020-2030 (USD Million)
1.2.2. Beta-Carotene Market, by Type, 2020-2030 (USD Million)
1.2.3. Beta-Carotene Market, by End Use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Beta-Carotene Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Beta-Carotene Market Dynamics
3.1. Beta-Carotene Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for functional food & beverages Increasing animal feed industry.
3.1.2. Market Challenges Stringent regulations and quality standards.
3.1.3. Market Opportunities Growing interest in anti-aging and skin health. Growth in demand for health and dietary supplements.
Chapter 4. Global Beta-Carotene Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Beta-Carotene Market, by Type
5.1. Market Snapshot
5.2. Global Beta-Carotene Market by Type, Performance – Potential Analysis
5.3. Global Beta-Carotene Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Beta-Carotene Market , Sub Segment Analysis
5.4.1. Natural
5.4.2. Synthetic
Chapter 6. Global Beta-Carotene Market, by End Use
6.1. Market Snapshot
6.2. Global Beta-Carotene Market by End Use, Performance – Potential Analysis
6.3. Global Beta-Carotene Market Estimates & Forecasts by End Use 2020-2030 (USD Million)
6.4. Beta-Carotene Market , Sub Segment Analysis
6.4.1. Natural Beta-Carotene
6.4.2. Synthetic Beta-Carotene
Chapter 7. Global Beta-Carotene Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Beta-Carotene Market , Regional Market Snapshot
7.4. North America Beta-Carotene Market
7.4.1. U.S. Beta-Carotene Market Type breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Beta-Carotene Market
7.5. Europe Beta-Carotene Market Snapshot
7.5.1. U.K. Beta-Carotene Market
7.5.2. Germany Beta-Carotene Market
7.5.3. France Beta-Carotene Market
7.5.4. Spain Beta-Carotene Market
7.5.5. Italy Beta-Carotene Market
7.5.6. Rest of Europe Beta-Carotene Market
7.6. Asia-Pacific Beta-Carotene Market Snapshot
7.6.1. China Beta-Carotene Market
7.6.2. India Beta-Carotene Market
7.6.3. Japan Beta-Carotene Market
7.6.4. Australia Beta-Carotene Market
7.6.5. South Korea Beta-Carotene Market
7.6.6. Rest of Asia Pacific Beta-Carotene Market
7.7. Latin America Beta-Carotene Market Snapshot
7.7.1. Brazil Beta-Carotene Market
7.7.2. Mexico Beta-Carotene Market
7.8. Middle East & Africa Beta-Carotene Market
7.8.1. Saudi Arabia Beta-Carotene Market
7.8.2. South Africa Beta-Carotene Market
7.8.3. Rest of Middle East & Africa Beta-Carotene Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Otsuka Pharmaceutical Co., Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Reliance Private Label Supplements
8.3.3. San-Ei Gen F.F.I., Inc.
8.3.4. Sensient Technologies Corp.
8.3.5. Vinayak Corp.
8.3.6. E.I.D.-Parry (India) Ltd.
8.3.7. Foodchem International Corp.
8.3.8. CDH – Central Drug House (P) Ltd
8.3.9. DDW The Color House
8.3.10. Divi’s Nutraceuticals
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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