The global Beta-Carotene Market is expected to reach USD 654.0 Million by 2027, according to a new report by Reports and Data. Beta-carotenes are the type of phytonutrients found in the cells of a wide variety of plants, algae, and bacteria. These phytonutrients help plants absorb light energy for use in photosynthesis. Beta-carotenes are essential anti-oxidants that play a significant role in animal health.
Beta-carotenes
are extensively used as coloring agents in the food and beverage industry.
Nevertheless, with biotechnological advancements coupled with innovations in
recombinant DNA technology, the extraction of carotenoids is now commercially
feasible. Owing to this, there is an increase in the production of
beta-carotene products. The rise in consumer awareness regarding the health
benefits of beta-carotene supplements and fortified foods has led to the use of
such products as a preventive measure against various health conditions including
arthritis, diabetes, obesity, cancer, macular degeneration, and skin damage,
among others.
The
growth in the market demand for functional foods is also estimated to propel
the market demand. The beta-carotene market is projected to rise significantly
in the forecast period owing to high demand in end-use applications comprising
food & beverages, animal feed, dietary supplements, personal care, and
pharmaceuticals, among others
The Beta-Carotene
market has been segmented into key regions of the world and offers an analysis
of growth rate, market share, market size, current and emerging trends,
production and consumption ratio, industrial chain analysis, demand and supply,
import and export, revenue contribution, and presence of key players in each region.
A country-wise analysis of the market is offered in the report to gain a better
understanding of the regional spread and progress of the Beta-Carotene market.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/2605
Competitive Landscape:
The research
report offers details about leading companies in the global Beta-Carotene
market along with global position, financial standing, license agreement,
products and services portfolio and revenue contribution of each market player.
Key players in the market are focusing on adopting various strategies such as
mergers and acquisition, business expansion plans, new product launches,
partnerships, collaborations, joint ventures to enhance their product base and
gain robust footing in the market.
Market Dynamics:
Increasing
consumer inclination towards functional, organic and probiotic-based food &
drinks is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2027.
Some of the Leading Market Players Are Listed Below:
· BASF
SE,
· DSM
NV,
· FoodChem
International Corporation,
· Flavorchem
Corporation,
· Lycored,
BioExtract,
· DD
Williamson & Co. Inc.,
· Nutralliance,
· Parry
Nutraceuticals,
· Zhejiang
Medical Co. Ltd.
Get more Information about this Report: https://www.reportsanddata.com/report-detail/beta-carotene-market
Market Segmentation:
The Global Beta-Carotene Industries are
also studied based on leading segments, and examines dominant product and
application segments in detail. The report aims to help reader’s benefits from
the growth prospects existing in the market in the global Beta-Carotene
industries. It offers key information on drivers and restraints influencing the
leading segments in the global Beta-Carotene industries.
Beta-Carotene Market Segmentation based on Product Type Outlook
- Water Soluble
Beta-Carotene
- Fat-Soluble
Beta-Carotene
Beta-Carotene Market Segmentation based on Source Outlook
- Natural
- Synthetic
Beta-Carotene Market Segmentation based on
Application:
- Food &
Beverages
- Animal Feed
- Dietary
Supplements
- Personal Care
- Pharmaceuticals
- Others
For comprehensive coverage, the report
discusses growth prospects, opportunities, and challenges. The market report
considers various key factors across the leading regions.
Beta-Carotene Market Segmentation based on Regions:
· North
America (U.S., Canada, Mexico)
· Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
· Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
· Latin
America (Brazil, Rest of Latin America)
· Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key Features of the global Beta-Carotene Market:
· The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
· The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
· Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
· Optimum
strategic initiatives for new players in the market.
· Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
· The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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Thank you for
reading our research report. We also offer report customization as per client
requirement. Kindly contact us to know more about the customization plan and
our team will offer you the best suited report at the earliest.
Key questions addressed in the Report:
· Which
key players are operating in the global Beta-Carotene market?
· Which
key factors are expected to hamper global market revenue growth?
· What
market size is the global Beta-Carotene market expected to reach throughout the
forecast period?
· Which
application segment revenue is expected to expand at a rapid CAGR between 2021
and 2028?
· Which
region is expected to account for robust revenue share throughout the forecast
period?
· Which
regional segment is expected to register fastest revenue CAGR throughout the
forecast period?
· What
revenue CGAR is the global Beta-Carotene market expected to register during the
forecast period?
· What
are the key outcomes of Porter’s Five Force analysis of the Beta-Carotene
market?
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