Beta Carotene Market

The global beta- carotene market is projected to reach a market value of close to $280 million in 2013 which is projected to grow at a CAGR of 3.5% from 2014 to 2019.

Carotenoids are colourful pigments that exhibit preventative properties against various dreadful diseases. A few carotenoids are converted by the body into Vitamin A. Some carotenoids exhibit antioxidant behaviour that protects the lining of arteries. They play a vital role in cancer prevention. Carotenes offer protection from heart diseases. Beta-carotene is used to treat skin problems caused due to excessive exposure to the sun. Beta-Carotene holds the maximum market share in carotenoids, due to its skin-protective properties.

Growing consumer awareness about anti-cancer, anti-aging, and other health benefits of beta carotenes and antioxidants have led to a surge in demand for these ingredients in food, feed, and personal care products. Rapidly aging population and increase in lifestyle related chronic diseases are what help boost the demand for food and health supplements that contain beta carotenes.

Personal care and cosmeceuticals provide a lucrative market potential. The anti-aging cosmetics and supplements are in demand from consumers, globally. Beta-carotenes ingredients are hence going to be in demand as natural nutritional additives in cosmetic products as well as dietary supplements. The Asia-Pacific and Latin-American markets are the new destination for beat-carotene ingredient manufacturers. These markets are rapidly clocking maximum revenues for manufacturers.

The beta carotene market is segmented as mentioned below:-

Beta Carotene Market, By Source

• Algae
• Fungi
• Palm oil
• Synthetic
• Others

By Application

• Food & Beverage
• Animal Feed
• Dietary Supplements
• Pharmaceuticals
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)