Global beta carotene market is anticipated to grow at a significant CAGR of 11.3% during the forecast period (2024-2031). The increasing consumer awareness regarding the health benefits associated with beta carotene consumption is a key factor driving the global market. Beta carotene, a natural pigment found in various fruits and vegetables, is a precursor of vitamin A and acts as a potent antioxidant in the human body. Its role in promoting eye health, boosting immune function, and reducing the risk of chronic diseases such as cancer and cardiovascular diseases has garnered significant attention among health-conscious consumers.
To gain on this opportunity key player are entering into mergers & acquisitions to expand their share in the beta carotene market. For instance, in April 2023, Givaudan revealed its acquisition of Amyris Inc.’s significant portfolio of cosmetic ingredients. This strategic move aims to bolster Givaudan’s presence in the cosmetic and personal care sector, enabling the provision of natural, chemical-free products infused with beta-carotene.
Further, in December 2022, Bitmis Corp. announced the successful completion of its merger with Cambell International Holdings Ltd. This strategic merger is focused on advancing research and development efforts towards the extraction process of natural beta-carotene. Additionally, the merger aims to strengthen capacities in the production, distribution, marketing, and sales of beta-carotene health food products.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Source
- By Application
- By Product
- By Form
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes BASF SE, E.I.D. –Parry (India) Ltd., Otsuka Pharmaceutical Co., Ltd., DSM, Sensient Technologies Corp. and others.
Beta Carotene Market Report Segment
By Source
- Fruits & Vegetables
- Algae
- Synthetic
- Yeast
- Fungi
- Bacteria
By Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Animal Feed
- Dietary Supplements
By Product
- Synthetic Beta Carotene
- Natural Beta Carotene
By Form
- Powder
- Liquid
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Beta Carotene Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Algatechnologies Ltd.
- Allied Biotech Corp.
- AVANSCHEM
- Bioextract
- Central Drug House
- Chr Hansen Holding A/S (Novonesis Group)
- DDW The Color House
- Divi’s Nutraceuticals (Divi’s Laboratories Ltd.)
- DSM Corp.
- Food RGB
- Foodchem International Corp.
- Kemin Industries Inc. (Kemin)
- Lycored Ltd.
- Mera Pharmaceuticals Inc. (Mera Pharma GmbH)
- Nutralliance, Inc.
- Parry Nutraceuticals Ltd.
- Pharmline Inc. (Endeavor Business Media, LLC)
- Reliance Private Label Supplements
- San-Ei Gen F.F.I., Inc.
- Sensient Technologies Corp.
- U.S. Nutraceuticals, Inc. (Valensa International)
- Vinayak Corp.
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