Beta Carotene Market

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Beta Carotene Market Size, Share, Growth, Industry Analysis,
Competitive Strategies and Forescast to 2024 | Hexa Research
“The global beta carotene market size was valued at USD 466.7
million in 2017. It is anticipated to expand at an estimated CAGR of
4.1% over the forecast period.”
12 November 2018 The global Beta Carotene Market size is anticipated to reach to USD 621.0 million by 2024. Increasing
awareness regarding balanced diet and daily calorie monitoring are the key factors driving growth of the
market. Increasing application of naturally derived beta carotene is estimated to further fuel demand in the
forthcoming years.
Beta carotene is a colored pigment copiously available in fruits and plants. This antioxidant belongs to
carotenoid family. Beta carotene can be derived from natural as well as synthetic s ources. Natural sources
include algae; fruits and vegetables like carrot, sweet potato, pumpkin, spinach, and plum; fungus; palm oil;
yeast; bacteria; and fermentation of microorganisms. Benzene extracted from acetylene gas is one of the
synthetic sources of this antioxidant.
Food and beverage, pharmaceutical and dietary supplements, personal care and cosmetics, and animal feed
are the major end-use industries for global beta carotene market. In food and beverage, it is widely used as
nutrition source and coloring agent. It is also utilized as antioxidant in dietary supplements and cosmetics
industry. Beta carotene is extensively used as a nutritional supplement in animal feed. Value chain for beta
carotene consists of raw material procurement, manufacturing process, distribution, and end-use industry.
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Food and beverage was the largest end-user application segment in 2017 and is expected to continue
showcasing similar growth trend over the next eight years. The market for food and beverage was worth
more than USD 100 million in 2015. It is anticipated to expand at a CAGR of over 4% during the forecast
period. Increasing awareness regarding the importance of natural food coloring is resulting in growth of the
market for beta carotene.
Algae-based beta carotene was worth over USD 100 million in 2015 and is expected to exhibit a CAGR of 4.4%
over the forecast period. Development of new and improved products such as Genetic Modification (GM)
project and OxC-beta Livestock is projected to drive market expansion in near future. Demand in terms of
consumption of synthetic beta carotene is decreasing owing to its various disadvantages including lack of
nutritional value.
Europe held the largest market share of around 34% in 2015. Growing food and beverage, pharmaceutica l,
and personal care industries has resulted in expansion of the regional beta carotene market. Asia Pacific is
expected to register the fastest CAGR of 4.6% in terms of consumption over the forecast period. Expansion of
food and beverages, pharmaceutical, and animal feed among other end-use industries in developing
countries such as China and India is contributing to the rise in regional demand for beta carotene.
The global beta carotene market is highly fragmented with the presence of a smaller number of mature
players and a large number of small-scale regional players. This factor makes this market highly competitive
in nature. The industry requires high initial investment and R&D cost. Major market participants include DSM
N.V., BASF SE, Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, and
LycoRed Ltd.
Companies are investing in research and development activities for innovating new technologies and
products. Mature players such as BASF and DSN N.V. are engaged in complete integration of processes. These
companies are also adopting business strategies like joint ventures and merger and acquisitions to increase
their product portfolio and expand their global market presence. They are working on deriving beta carotene
from genetically modified microorganisms. Introduction of advanced technologies such as Golden Rice and
OxC-beta Livestock are anticipated to boost growth opportunities for the market.
Hexa Research has segmented the Beta Carotene Market report based on source, application and region.
Segmentation by Source
• Algae
• Fruits & Vegetables
• Synthetic
• Others
Segmentation by Application
• Food & Beverages
• Dietary Supplements
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• Cosmetics
• Animal Feed
Segmentation by Region
• North America
• U.S.
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Middle East & Africa
Key players analyzed:
• DSM N.V
• BASF SE
• Chr. Hansen Holding A/S
• Foodchem International Corporation
• Flavorchem Corporation
• Lycored
• D.D. Williamson & Co., Inc.
• BioExtract
• Nutralliance
• Zhejiang Medicine Co., Ltd
• Parry Nutraceuticals
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Table of Contents of Beta Carotene Market:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Beta carotene - Industry snapshot
Chapter 3 Beta - Carotene Market Variables, Trends, & Scope
3.1 Market segmentation & scope
3.2 Penetration & growth prospect mapping
3.3 Value chain analysis
3.4 Market dynamics
3.4.1 Market driver analysis
3.4.1.1 Growth of key end-use industries
3.4.2 Market restraint analysis
3.4.2.1 Consumption of excessive amount of beta carotene for long time
3.5 Industry analysis - Porter’s
3.6 PESTEL analysis
Chapter 4 Beta Carotene Market: Source Estimates & Trend Analysis
4.1 Beta carotene market share by sources, 2015 & 2024
4.2 Global beta carotene market, by sources 2014 - 2024
4.2.1 Algae
4.2.1.1 Algae market estimates and forecast, 2014 - 2024
4.2.2 Fruits & Vegetable
4.2.2.1 Fruits & Vegetable market estimates and forecast, 2014 - 2024
4.2.3 Synthetic
4.2.3.1 Synthetic market estimates and forecast, 2014 - 2024
4.2.4 Others
4.2.4.1 Others market estimates and forecast, 2014 - 2024)
Chapter 5 Beta Carotene Market: Application Estimates & Trend Analysis
5.1 Beta carotene market share by application, 2015 &2024
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5.2 Global beta carotene market, by application 2014 - 2024
5.2.1 Food & Beverages
5.2.1.1 Food & Beverages market estimates and forecast, 2014 - 2024
5.2.2 Dietary Supplements
5.2.2.1 Dietary Supplements market estimates and forecast, 2014 - 2024
5.2.3 Cosmetics
5.2.3.1 Cosmetics market estimates and forecast, 2014 - 2024
5.2.4 Animal Feed
5.2.4.1 Animal Feed market estimates and forecast, 2014 - 2024)
Chapter 6 Beta Carotene Market : Regional Estimates & Trend Analysis
6.1 Beta carotene market share by region, 2015 &2024
6.2 Global beta carotene market, by region 2014 - 2024
6.3 North America
6.3.1 North America beta carotene market estimates and forecast, by sources, 2014 - 2024
6.3.2 North America beta carotene market estimates and forecast, by application, 2014 - 2024
6.3.3 U.S.
6.3.3.1 U.S. beta carotene market estimates and forecast, by sources, 2014 - 2024
6.3.3.2 U.S. beta carotene market estimates and forecast, by application, 2014 - 2024
6.4 Europe
6.4.1 Europe beta carotene market estimates and forecast, by sources, 2014 - 2024
6.4.2 Europe beta carotene market estimates and forecast, by application, 2014 - 2024
6.4.3 Germany
6.4.3.1 Germany beta carotene market estimates and forecast, by sources, 2014 - 2024
6.4.3.2 Germany beta carotene market estimates and forecast, by application, 2014 - 2024
6.4.4 France
6.4.4.1 France beta carotene market estimates and forecast, by sources, 2014 - 2024
6.4.4.2 France beta carotene market estimates and forecast, by application, 2014 - 2024
6.4.5 U.K.
6.4.5.1 U.K. beta carotene market estimates and forecast, by sources, 2014 - 2024
6.4.5.2 U.K. beta carotene market estimates and forecast, by application, 2014 - 2024
6.5 Asia Pacific
6.5.1 Asia Pacific beta carotene market estimates and forecast, by sources, 2014 - 2024
6.5.2 Asia Pacific beta carotene market estimates and forecast, by application, 201 4 - 2024
6.5.3 China
6.5.3.1 China beta carotene market estimates and forecast, by sources, 2014 - 2024
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6.5.3.2 China beta carotene market estimates and forecast, by application, 2014 - 2024
6.5.4 Japan
6.5.4.1 Japan beta carotene market estimates and forecast, by sources, 2014 - 2024
6.5.4.2 Japan beta carotene market estimates and forecast, by application, 2014 - 2024
6.5.5 India
6.5.5.1 India beta carotene market estimates and forecast, by sources, 2014 - 2024
6.5.5.2 India beta carotene market estimates and forecast, by application, 2014 - 2024
6.6 Central & South America (CSA)
6.6.1 CSA beta carotene market estimates and forecast, by sources, 2014 - 2024
6.6.2 CSA beta carotene market estimates and forecast, by application, 2014 - 2024
6.7 The Middle East & Africa
6.7.1 MEA beta carotene market estimates and forecast, by sources, 2014 - 2024
6.7.2 MEA beta carotene market estimates and forecast, by application, 2014 – 2024
Chapter 7 Competitive Landscape
7.1 Regional Market Analysis
7.2 Vendor Landscape
7.2.1 Competitive Environment
7.2.2 Company Market Positioning
7.2.3 Four Quadrant Positioning
7.2.4 Strategy Framework
Chapter 8 Company Profiles
8.1 DSM N.V.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Industries and Services Catered
8.1.4 Product Benchmarking
8.2 BASF SE
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Industries and Services Catered
8.2.4 Product Benchmarking
8.3 Chr. Hansen Holding A/S
8.3.1 Company Overview
8.3.2 Financial Performance
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8.3.3 Industries and Services Catered
8.3.4 Product Benchmarking
8.3.5 Strategic Initiatives
8.4 Foodchem International Corporation
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Industries and Services Catered
8.4.4 Product Benchmarking
8.5 Flavorchem Corporation
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Industries and Services Catered
8.5.4 Product Benchmarking
8.6 Lycored
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Industries and Services Catered
8.6.4 Product Benchmarking
8.7 D.D. Williamson & Co., Inc.
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Industries and Services Catered
8.7.4 Product Benchmarking
8.7.5 Strategic Initiatives
8.8 BioExtract
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Industries and Services Catered
8.8.4 Product Benchmarking
8.9 Nutralliance
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Industries and Services Catered
8.9.4 Product Benchmarking
8.10 Zhejiang Medicine Co., Ltd.
8.10.1 Company Overview
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8.10.2 Financial Performance
8.10.3 Industries and Services Catered
8.10.4 Product Benchmarking
8.11 Sensient Cosmetic Technologies
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Industries and Services Catered
8.11.4 Product Benchmarking
8.12 Parry Nutraceuticals
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Industries and Services Catered
8.12.4 Product Benchmarking
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The global beta carotene market size is anticipated to reach to USD 621.0 million by 2024

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