Beta-Carotenes are one of the most popular carotenoids used in the food & beverage industry. Carotenoids are fat-soluble pigments that give reddish-yellow color to fruit, flowers, plants, algae, and bacteria. Beta-carotene gets transformed into Vitamin A and nutrients after digestion and increases the immune system in humans. It is used as a natural coloring agent in various industries such as cosmetic, animal feeds, supplements, and other industries which requires natural or synthetic coloring agents. It has various health benefits such as it decreases the risk of heart diseases and works against cancer cells. Innovation in the industry is related to new and extended use of Beta-Carotene which can be used across various industries.

COVID-19 ScenarioAnalysis:

The market is experiencing high demand due to the health benefits that Beta-Carotene offers for immunization in the human body.
The manufacturers are facing problems in manufacturing as there is the unavailability of raw materials.
The market is anticipated to grow substantially after the lockdown and COVID-19 cases are settled as people are now more aware of health benefits and the immune system.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in the application in the cosmetic industry and animal & pet foods industry and health benefits provided by Beta-Carotene with increased awareness among people and the number of health diseases due to weak immune system are the factors that drive the global Beta-Carotene market. In addition, Beta-Carotene constitutes physiological anti-oxidants and a high level of Vitamin A which creates demand from the food supplement industry. However, the major constrains of the market is competition from highly unorganized local manufacturers and excess use of Beta-Carotene which can cause disorders in the human body.

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Key Segments Covered:

Type

Water Soluble Beta-carotene
Oil Soluble Beta-carotene

Raw Material

Carrots
Sweet Potato
Pumpkin
Spinach
Algae
Fungi
Palm Oil
Synthetic
Others

Application

Food & Beverage Industry
Supplements
Cosmetics
Feed
Others

Companies covered: BASF SE, Kemin Industries Inc., Algatechnologies Ltd., Chr. Hansen A/S, Phytone Limited, Cyanotech Corporation, Royal DSM N.V., LycoRed Ltd., Overseal Natural Ingredients Ltd., Pharmline Inc. and Sensient Technologies Corporation

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Key Benefits of the Report:

This study presents the analytical depiction of the global beta-caroteneindustry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global beta-carotenemarket share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global beta-carotenemarket growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global beta-carotenemarket analysis based on competitive intensity and how the competition will take shape in coming years.