Beta-carotene Market Size to Grow by $ 80.18 Million through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the beta-carotene market and it is expected to grow by $ 80.18 million, accelerating at a CAGR of almost 3.02% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.

Beta-carotene Market: Receive Free Sample Report

Beta-carotene Market: Emerging Trends to Impact Market Growth

Growth by the food and beverages segment will be significant during the forecast period. One of the most crucial reasons for the use of beta-carotene in food products is because it imparts aesthetic appeal and increases the nutritional value. Consumers' preference for natural ingredients that offer aesthetic appeal, as well as have health benefits, is the major driving factor for the growth of the beta-carotene market. APAC has been exhibiting a significant growth rate for beta-carotene market vendors. Factors such as cheap manufacturing costs and easy availability of raw materials are accelerating the beta-carotene market growth in APAC. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Beta-carotene Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Allied Biotech Corp., BASF SE, BioExtract, Chr. Hansen Holding A/S, Foodchem International Corp., Kemin Industries Inc., Koninklijke DSM NV, Lycored Corp., and Marigan Holding BV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Explore Technavio’s Research on other Related Markets for more insights:

1. Cosmetic Ingredients Market: The cosmetic ingredients market is set to grow by $ 3.98 bn, accelerating at a CAGR of almost 6.59% during the forecast period.  Download our FREE Sample Report

2. Aroma Chemicals Market: The Global Aroma Chemicals Market is projected to grow by $ 17.69 bn, accelerating at a CAGR of almost 6% till 2025. Download our FREE Sample Report
3. Botanical Extracts Market: Technavio has been monitoring the botanical extracts market and it is expected to grow by $ 2.19 bn, accelerating at a CAGR of almost 8% during the forecast period.  Download our FREE Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 3.02%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 80.18 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Health benefits of beta-carotene will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   33% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Allied Biotech Corp., BASF SE, BioExtract, Chr. Hansen Holding A/S, Foodchem International Corp., Kemin Industries Inc., Koninklijke DSM NV, Lycored Corp., and Marigan Holding BV
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Food and beverages, Dietary supplements, Cosmetics, and Animal feed) and Geography (Europe, North America, APAC, MEA, and South America)

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations. For more insights into this market: Download a Free Sample Report