The global synthetic beta carotene market is estimated to grow at a moderate CAGR during the forecast period. It has a variety of health, eye, and skin advantages. Beta-carotene, a plant pigment that gives orange, red, yellow, and other brilliant colours, has great antioxidant capabilities. As a result, beta carotene-rich fruits and vegetables, such as carrots, are employed as nutrition and additive in the food and beverage sector. Beta carotene is also high in Vitamin A, which helps to boost the immune system and vision.
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Owing to rising consumer health preferences for naturally sourced foods and more severe product disposal rules and as a result of the growing “move to organic” trend and increased consumer preference for natural products, the market is growing. Excessive consumption of synthetic beta carotenes has the potential to harm one’s health and the environment. The growth of the natural carotene segment will be driven by strict rules restricting the use of hazardous and poisonous additions in the feed and food companies.
Powdered goods have several advantages over liquid products, including easier storage, transportation, and longer shelf life, resulting in a lower risk of spoilage. This has resulted in increased use in a variety of industries, including pharmaceuticals, cosmetics, and others. As a result, market demand for beta carotene in powder form is increasing. Powder solutions are commonly used in the creation of additives for food processing, animal feed, and dietary supplements as they have a lower risk of spoiling, are less expensive and are easier to manufacture than liquid solutions. Furthermore, In October 2020, for the sales and distribution of Nutralliance’s goods in Eastern Europe, the firm formed a strategic relationship with Globionic, a Russian-based ingredient provider. This plan will help the company in increasing beta carotene product sales in European countries that will further boost market growth
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segments Covered
- By Form
- By Source
- By Application
- Competitive Landscape: DSM, Lycored, Chr Hansen Holding A/S, BASF SE, Food chem International among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Synthetic Beta Carotene Market Segmentation,
By Source
- Fruits & Vegetables
- Algae
- Synthetic
- Yeast
- Fungi
- Bacteria
- Others
By Form
- Powder
- Liquid
By Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Animal Feed
- Dietary Supplements
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
