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Global Beta Carotene Market 2026: Professional Analysis with Study of Driving Factors, Key Players, Growth Opportunities, Restraints and Technological Developments

The global beta-carotene market is anticipated to reach USD 618.94 million in 2026 and is forecasted to grow at a CAGR of 3.8 % from 2018 to 2026.

 

New York City, NY -- (SBWIRE) -- 12/10/2018 -- Beta-carotene are natural products that are also derived artificially. These products are artificially derived from benzene that are from acetylene. Organic sources include fruits, algae, vegetables, palm oil, fungus, bacteria, yeast, and microorganism fermentation.

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These products are colorful pigments, that apart from imparting color also acts as antioxidant by nature and are considered within the carotenoid group. Beta-carotene value chain includes procurement of raw materials, production processes, distribution channels and its end-use sectors.

Leading multinational companies such as the BASF and DSM are present throughout every component of the value chain starting from manufacturing of raw materials, processing and production of finished product. Industry participants including Zhejiang Medicine, Flavorchem Corporation, Sensient Cosmetics, Nutralliance and Foodchem are engaged in forward integration only. These are the leading manufacturers and carry out a complex distribution channel.

Investment schemes of the leading brands has been crucial in innovating new product types and research and development of these leading players has been the major barriers for the new players planning to or have recently ventured the industry. Golden rice, OxC-beta are among the new product launched in the market that are manufactured with the latest updated production technologies. High cost of capital investment is yet another downturn for new players to enter the market.

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The supplier power in the industry is on the higher side as numerous suppliers currently operate in the industry space mainly in the European region and North America. Moreover, minimal threat of backward integration has raised the supplier power even more. Application norms for beta-carotene is different from country to country and certain levels of application are set for every end-use application segment.

Competitive Landscape and Key Vendors

European union was the largest producer and consumer in 2017. Rising application from food industry, personal care, pharmaceuticals and even beverage industry has resulted in greater consumption of beta carotene in the past five years. However, Asia Pacific food and beverage industry is projected to be the fastest growing consumer over the forecast period.

Pharmaceutical manufacturing industry in China, and some of the Southeast Asian countries is the second largest consumer in the region with demand projected to grow faster than the food industry by the end of the forecast period.

Beta-carotene manufacturing industry is moderately consolidated. Few of the major product manufacturers include BASF, DSM, Hansen Holding, Flavorchem Corporation, Foodchem International, DD Williamson, Nutralliance, BioExtract, Sensient Cosmetic Technologies, Zhejiang Medicine along with Parry Nutracetueticals.

Key Segments

Source Segment

- Algae
- Fruits & Vegetables
- Synthetic

Application Segments

- Food & Beverages
- Dietary Supplements
- Cosmetics
- Animal Feed

Region

- North America

o U.S.
o Canada

- Europe

o Germany
o UK
o France
o Italy
o Spain
o Netherlands
o Rest of Europe

- Asia-Pacific

o China
o India
o Japan
o Malaysia
o Australia
o Korea
o Rest of APAC

- Latin America

o Brazil
o Mexico
o Argentina
o Rest of LATAM

- Middle East and Africa

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