+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Beta-carotene Market Size, Share & Trends Analysis Report by Type (Natural, Synthetic), End-use (Food & Beverages, Pharmaceutical, Dietary Supplements), Region (North America, Asia Pacific), and Segment Forecasts, 2024-2030

  • PDF Icon

    Report

  • 200 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5846847
Description Jump to:
The global beta-carotene market size is expected to reach USD 1073.3 million by 2030, registering a CAGR of 4.3% over the forecast period, according to the report. The industry growth is majorly driven by the increasing demand from the food & beverages and personal care & cosmetics, and animal feed industries. According to the University of Rochester, beta-carotene is a specific type of carotenoid that is classified as a provitamin A carotenoid. While there are many different types of carotenoids, beta-carotene stands out due to its unique characteristics and functions. It is a precursor to vitamin A within the body and can be enzymatically converted into retinol, an active form of vitamin A. Other carotenoids, such as lycopene, lutein, and zeaxanthin, do not have provitamin A activity.

Moreover, beta-carotene contributes to the characteristic yellow to orange color of various fruits and vegetables. It is responsible for the vibrant color of carrots, sweet potatoes, and pumpkins. Other carotenoids, such as lycopene (red pigment) and lutein (yellow pigment), have different colors and are found in various food sources. In addition, carotenoids, including beta-carotene, exhibit antioxidant properties. They help protect cells and tissues from damage caused by free radicals. The product has significant applications in the pharmaceutical industry. According to the U.S. Food & Drug Administration (FDA), it is an approved nutrient supplement and is added to infant formulas as a source of vitamin A. In the pharmaceutical industry, it is also used in formulations to enhance the antioxidant properties of certain medications.

Moreover, due to its lipophilic nature, it can be used as a carrier or excipient in drug delivery systems. The personal care & cosmetics is expected to witness considerable growth over the forecast period owing to its wide usage in the personal care and cosmetics industry, as it serves as an antioxidant, skin-conditioning agent, and moisturizer to protect dry skin. It helps protect the skin from radical damage. Cosmetic products containing beta-carotene are used in various forms like creams, lotions, and serums. They are marketed as anti-aging products and are believed to improve the skin's elasticity as well as reduce the appearance of fine lines and wrinkles. Moreover, its ability to absorb UV radiation makes it a valuable ingredient in sunscreens and other skin protection products.

Beta-carotene Market Report Highlights

  • The global market is estimated to register a CAGR of 4.3% from 2024 to 2030 due to the increasing demand for natural ingredients-infused food & beverages, skin care products, cosmetics, dietary supplements, and animal feed worldwide
  • The natural type segment dominated the market in 2023 with a revenue share of 31.4%. since it is often added to orange juice and other beverages to enhance the color and provide additional nutritional benefits. Consuming a diet that is rich in fruits and vegetables containing beta-carotene can be an excellent way to support optimal health and well-being
  • The algae sub-segment dominated the market with a revenue share of 39% in 2023 since it is a natural and sustainable source of nutrients. Algae can be grown in large quantities using minimal resources and can even be cultivated in areas where other crops may struggle to grow. Moreover, algae-based beta-carotene often provides more consistent and higher-quality nutrients than other sources
  • The food & beverage end-use segment dominated the market with a revenue share of 30.5% in 2023. This growth is due to the fact that the product is used as a source of vitamin A, which has led to its adoption in various products like breakfast cereals, nutritional drinks, and smoothies
  • Europe was the leading region in 2023 and held a revenue share of 45.0% due to the growing personal care & cosmetics and food & beverage industry in the region. According to the L’Oréal 2022 Annual Report, Europe accounted for 29.9% of the total sales of cosmetic & personal care products with skincare & sun protection accounting for a maximum share of 40.1% followed by makeup (20.2%), haircare (15.0%), and hair coloring (8.8%). Thus, driving the product demand

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal database
1.4 Information analysis
1.5 Market formulation & data visualization
1.6 Data validation & publishing
1.6.1 Research scope and assumptions
1.6.2 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Beta Carotene: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Carotenoids Market Outlook
3.2 Industry Value Chain Analysis
3.2.1 Manufacturing & Technology Trends
3.2.1.1 Methods of Beta Carotene Production
3.2.1.1.1 Physicochemical Methods
3.2.1.1.1.1 Extraction Technique for maximum Yield of Beta Carotene from Carrot
3.2.1.1.2 Chemical Synthesis
3.2.1.1.2.1 BASF Synthesis (Wittig Process)
3.2.1.1.2.2 Roche Synthesis (Grignard Process)
3.2.1.1.3 Biological Production of Beta-Carotene
3.2.1.1.3.1 Beta-Carotene from Micro-organisms
3.2.1.1.3.2 Beta-Carotene from Algae
3.2.2 Sales Channel Analysis
3.2.3 List of Potential End-Users
3.3 Price Trend Analysis
3.3.1 Factors Influencing Prices
3.3.2 Natural Beta Carotene Prices
3.3.3 Synthetic Beta Carotene Prices
3.4 Regulatory Framework
3.4.1 U.S. Food & Drug Administration (US FDA)
3.4.2 Code of Federal Regulations - GRAS
3.4.3 Conell LAW School - Legal Information Institute
3.4.4 U.S. Environment Protection Agency (EPA)
3.4.5 Codex General Standard for Food Additives
3.4.6 European Union (EU)
3.4.7 Food & Drug Regulations - Government of Canada
3.4.8 The Japan Food Chemical Research Foundation
3.4.9 Food Sanitation Law Enforcement Regulations- Ministry of Health, Government of Japan
3.4.10 Food Safety and Standards Authority of India (FSSAI)
3.4.11 The German Federal Institute for Risk Assessment
3.4.12 Joint FAO/WHO Expert Committee On Food Additives (JECFA)
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing penetration of the product in Skin care Applications
3.5.1.2 Increasing product penetration across untapped applications
3.5.2 Market Restraint ANalysis
3.5.2.1 Side Effects associated with the product
3.5.2.2 Availability of substitutes
3.5.3 Industry Challenges
3.5.4 Industry Opportunities
3.6 Impact of COVID-19 Pandemic
3.7 Impact of European Geopolitical Conflict
3.8 Industry Analysis Tools
3.8.1 PORTER’s Analysis
3.8.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Beta Carotene Market: Supplier Portfolio Analysis
4.1 List of Raw Material Suppliers
4.2 Raw Materials Trends
4.3 Portfolio Analysis/ Kraljic Matric
4.4 Engagement Model
4.5 Negotiation Strategies
4.5.1 Procurement Risk Mitigation
4.5.2 Supply Chain Risk Mitigation
4.6 Sourcing Best Practices
4.6.1 BASF Palm Sourcing Policy
4.6.2 DSM Sustainable Procurement Program
Chapter 5 Beta Carotene Market: Type Estimates & Trend Analysis
5.1 Type Movement Analysis & Market Share, 2023 & 2030
5.1.1 Natural
5.1.2 Synthetic
Chapter 6 Beta Carotene Market: End-use Estimates & Trend Analysis
6.1 Natural End-use Movement Analysis & Market Share, 2023 & 2030
6.2 Synthetic End-use Movement Analysis & Market Share, 2023 & 2030
6.2.1 Food & Beverages
6.2.2 Dietary Supplements
6.2.3 Personal Care & Cosmetics
6.2.4 Pharmaceutical
6.2.5 Animal Feed
6.2.6 Other End-use
Chapter 7 Beta Carotene Market: Regional Estimates & Trend Analysis
7.1 Beta Carotene Market: Regional Outlook
7.2 North America
7.2.1 North america Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.2.2 U.S.
7.2.2.1 Key country dynamics
7.2.2.2 U.S. Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.2.3 Canada
7.2.3.1 Key country dynamics
7.2.3.2 Canada Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.2.4 Mexico
7.2.4.1 Key country dynamics
7.2.4.2 Mexico Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.3 Europe
7.3.1 Europe Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.3.2 Germany
7.3.2.1 Key country dynamics
7.3.2.2 Germany Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.3.3 UK
7.3.3.1 Key country dynamics
7.3.3.2 UK Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.3.4 France
7.3.4.1 Key country dynamics
7.3.4.2 France Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.3.5 Italy
7.3.5.1 Key country dynamics
7.3.5.2 Italy Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.3.6 Spain
7.3.6.1 Key country dynamics
7.3.6.2 Spain Beta Carotene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.4.2 China
7.4.2.1 Key country dynamics
7.4.2.2 China Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.4.3 India
7.4.3.1 Key country dynamics
7.4.3.2 India Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.4.4 Japan
7.4.4.1 Key country dynamics
7.4.4.2 Japan Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.4.5 South Korea
7.4.5.1 Key country dynamics
7.4.5.2 South Korea Beta Carotene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Million)
7.4.6 Australia
7.4.6.1 Key country dynamics
7.4.6.2 Australia Beta Carotene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Million)
7.5 Central & South America
7.5.1 Central & South America Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.5.2 Brazil
7.5.2.1 Key country dynamics
7.5.2.2 Brazil Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.5.3 Argentina
7.5.3.1 Key country dynamics
7.5.3.2 Argentina Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.6 Middle East & Africa
7.6.1 Middle East & Africa Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.6.2 Saudi Arabia
7.6.2.1 Key country dynamics
7.6.2.2 Saudi Arabia Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
7.6.3 South Africa
7.6.3.1 Key country dynamics
7.6.3.2 South Africa Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 8 Competitive Landscape
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company Categorization
8.3 Key Company Market Share Analysis, 2023
8.4 Company Heat Map Analysis
8.5 Strategy Mapping
8.5.1 Expansion
8.5.2 Mergers & Acquisitions
8.5.3 New Product Launches
8.6 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
8.6.1 AVANSCHEM
8.6.2 BASF SE
8.6.3 Central Drug House.
8.6.4 DDW The Color House
8.6.5 Divi’s Nutraceuticals
8.6.6 DSM
8.6.7 E.I.D. -Parry (India) Limited
8.6.8 Foodchem International Corporation
8.6.9 Food RGB
8.6.10 Lycored
8.6.11 Nutralliance
8.6.12 Otsuka Pharmaceutical Co., Ltd.
8.6.13 Reliance Private Label Supplements
8.6.14 San-Ei Gen F.F.I., Inc.
8.6.15 Sensient Technologies Corporation
List of Tables
Table 1 List of Potential End Users
Table 2 List of Raw Material Suppliers
Table 3 U.S. macro-economic outlay
Table 4 Canada macro-economic outlay
Table 5 Mexico macro-economic outlay
Table 6 Germany macro-economic outlay
Table 7 UK macro-economic outlay
Table 8 France macro-economic outlay
Table 9 Italy macro-economic outlay
Table 10 Spain macro-economic outlay
Table 11 China macro-economic outlay
Table 12 India macro-economic outlay
Table 13 Japan macro-economic outlay
Table 14 South Korea macro-economic outlay
Table 15 Australia macro-economic outlay
Table 16 Brazil macro-economic outlay
Table 17 Argentina macro-economic outlay
Table 18 Saudi Arabia macro-economic outlay
Table 19 South Africa macro-economic outlay
Table 20 Participant’s Overview
Table 21 Financial Performance
Table 22 Product Benchmarking
Table 23 Recent Developments & Impact Analysis, By Key Market Participants
Table 24 Company Heat Map Analysis
Table 25 Key companies undergoing expansions
Table 26 Key companies involved in mergers & acquisitions
Table 27 Key companies launching new products
List of Figures
Fig. 1 Beta Carotene Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Beta Carotene Market Snapshot
Fig. 7 Beta Carotene Market Segment Snapshot
Fig. 8 Beta Carotene Market Segment Snapshot
Fig. 9 Beta Carotene Market Competitive Landscape Snapshot
Fig. 10 Global Carotenoids and Beta Carotene Market Value, 2022 (USD Million)
Fig. 11 Beta Carotene Market: Industry Value Chain Analysis
Fig. 12 Beta Carotene Content, by Feedstock (mg/100 g edible parts)
Fig. 13 BASF Synthesis (Wittig Process)
Fig. 14 Roche Synthesis (Grignard Process)
Fig. 15 Natural Beta Carotene: Price Trend Analysis, by End-use, 2018 - 2030 (USD/Kg)
Fig. 16 Natural Beta Carotene: Price Trend Analysis, by Region, 2018 - 2030 (USD/Kg)
Fig. 17 Synthetic Beta Carotene: Price Trend Analysis, by End-use, 2018 - 2030 (USD/Kg)
Fig. 18 Synthetic Beta Carotene: Price Trend Analysis, by Region, 2018 - 2030 (USD/Kg)
Fig. 19 Beta Carotene Market Dynamics
Fig. 20 Global Beauty & Personal Care Market Size, 2019 - 2025 (USD Billion)
Fig. 21 Global Skin Care Market Size, 2019 & 2025 (USD Billion)
Fig. 22 Distribution of Laboratories and R&D Centers, by Major Product Types, 2021
Fig. 23 Global Animal Feed Production, 2015 - 2022 (Billion Tons)
Fig. 24 U.S. Cheese Production, 2019 - 2022 (Million Pounds)
Fig. 25 U.S. New Cancer Cases, 2017 - 2022
Fig. 26 Beta Carotene Market: PORTER’s Analysis
Fig. 27 Beta Carotene Market: PESTLE Analysis
Fig. 28 U.S. Carrots Prices, 2012 - 2022 (USD/Kg)
Fig. 29 Global Palm Oil Prices, 2011 - 2022 (USD/Metric Ton)
Fig. 30 Beta Carotene Market: Portfolio Analysis/ Kraljic Matric
Fig. 31 Beta Carotene Market Estimates & Forecasts, by Type: Key Takeaways
Fig. 32 Beta Carotene Market Share, By Type, 2023 & 2030
Fig. 33 Natural Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 34 Synthetic Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 35 Natural Beta Carotene Market Estimates & Forecasts, by End-Use: Key Takeaways
Fig. 36 Natural Beta Carotene Market Share, By End-Use, 2023 & 2030
Fig. 37 Synthetic Beta Carotene Market Estimates & Forecasts, by End-Use: Key Takeaways
Fig. 38 Synthetic Beta Carotene Market Share, By End-Use, 2023 & 2030
Fig. 39 Natural Beta Carotene Market Estimates & Forecasts, in Food & Beverages, 2018 - 2030 (Tons) (USD Million)
Fig. 40 Synthetic Beta Carotene Market Estimates & Forecasts, in Food & Beverages, 2018 - 2030 (Tons) (USD Million)
Fig. 41 Natural Beta Carotene Market Estimates & Forecasts, in Dietary Supplements, 2018 - 2030 (Tons) (USD Million)
Fig. 42 Synthetic Beta Carotene Market Estimates & Forecasts, in Dietary Supplements, 2018 - 2030 (Tons) (USD Million)
Fig. 43 Natural Beta Carotene Market Estimates & Forecasts, in Personal Care & Cosmetics, 2018 - 2030 (Tons) (USD Million)
Fig. 44 Synthetic Beta Carotene Market Estimates & Forecasts, in Personal Care & Cosmetics, 2018 - 2030 (Tons) (USD Million)
Fig. 45 Natural Beta Carotene Market Estimates & Forecasts, in Pharmaceutical, 2018 - 2030 (Tons) (USD Million)
Fig. 46 Synthetic Beta Carotene Market Estimates & Forecasts, in Pharmaceutical, 2018 - 2030 (Tons) (USD Million)
Fig. 47 Natural Beta Carotene Market Estimates & Forecasts, in Animal Feed, 2018 - 2030 (Tons) (USD Million)
Fig. 48 Synthetic Beta Carotene Market Estimates & Forecasts, in Animal Feed, 2018 - 2030 (Tons) (USD Million)
Fig. 49 Natural Beta Carotene Market Estimates & Forecasts, in Other End-Use, 2018 - 2030 (Tons) (USD Million)
Fig. 50 Synthetic Beta Carotene Market Estimates & Forecasts, in Other End-use, 2018 - 2030 (Tons) (USD Million)
Fig. 51 Beta Carotene Market Revenue, by Region, 2022 & 2030, (USD Million)
Fig. 52 North America Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 53 U.S. Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 54 Canada Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 55 Mexico Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 56 Europe Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 57 Germany Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 58 UK Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 59 France Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 60 Italy Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 61 Spain Beta Carotene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Million)
Fig. 62 Asia Pacific Beta Carotene Market Estimates & Forecasts, 2018 - 2030 2018 - 2030 (Tons) (USD Million)
Fig. 63 China Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 64 India Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 65 Japan Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 66 South Korea Beta Carotene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Million)
Fig. 67 Australia Beta Carotene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Million)
Fig. 68 Central & South America Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 69 Brazil Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 70 Argentina Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 71 Middle East & Africa Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 72 Saudi Arabia Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 73 South Africa Beta Carotene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 74 Key Company Categorization
Fig. 75 Global Beta-Carotene Market - Key Company Market Share Analysis - 2023

Companies Profiled

  • AVANSCHEM
  • BASF SE
  • Central Drug House.
  • DDW The Color House
  • Divi’s Nutraceuticals
  • DSM
  • E.I.D. -Parry (India) Limited
  • Foodchem International Corporation
  • Food RGB
  • Lycored
  • Nutralliance
  • Otsuka Pharmaceutical Co., Ltd.
  • Reliance Private Label Supplements
  • San-Ei Gen F.F.I., Inc.
  • Sensient Technologies Corporation

Methodology

Loading
LOADING...

Related Topics

Related Reports

Synthetic Beta Carotene Market by Form, Application - Global Forecast 2025-2030 - Product Image

Synthetic Beta Carotene Market by Form, Application - Global Forecast 2025-2030

  • Report
  • 196 Pages
  • Global
From
Beta-Carotene Market by Source, Product, Application - Global Forecast 2025-2030 - Product Image

Beta-Carotene Market by Source, Product, Application - Global Forecast 2025-2030

  • Report
  • 194 Pages
  • Global
From
Synthetic Beta Carotene - Global Strategic Business Report - Product Image

Synthetic Beta Carotene - Global Strategic Business Report

  • Report
  • 96 Pages
  • Global
From
Beta Carotene - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029 - Product Image

Beta Carotene - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

  • Report
  • 100 Pages
  • Global
From
Natural Beta Carotene - Global Strategic Business Report - Product Image

Natural Beta Carotene - Global Strategic Business Report

  • Report
  • 93 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.