Global Natural Beta Carotene Market size and share is currently valued at USD 1.28 billion in 2024 and is anticipated to generate an estimated revenue of USD 2.06 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Market Overview:
Natural beta carotene is a pigment and carotenoid found abundantly in fruits and vegetables such as carrots, sweet potatoes, and spinach. It serves as a precursor to vitamin A, essential for vision, immune function, and skin health. Beyond its nutritional benefits, natural beta carotene is widely used as a natural colorant and antioxidant in various industries, including food and beverages, dietary supplements, pharmaceuticals, cosmetics, and animal feed.
Market Growth Drivers:
- Health and Wellness Trends: Increasing consumer awareness about the health benefits of beta carotene, such as its role in boosting immunity, improving eye health, and acting as an antioxidant, drives demand.
- Rising Demand for Natural Products: There is a growing preference for natural ingredients over synthetic ones in food and beverages, cosmetics, and dietary supplements, fueling the market for natural beta carotene.
- Clean-Label Movement: Consumers are seeking products with clean labels, free from artificial additives and colors. Natural beta carotene fits this demand as a natural coloring agent.
- Technological Advancements: Innovations in extraction and production technologies have improved the efficiency and yield of natural beta carotene, making it more accessible and cost-effective.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Key Companies in the Natural Beta Carotene Market
- Allied Biotech Corporation
- HJ-Rise International Corporation
- Index Pharma LLP
- International Association of Color Manufacturers
- Kanegrade Ltd.
- Chr. Hansen Holding A/S
- Cyrano Limited
- Divi’s Laboratories Limited
- FoodRGB, Givaudan S.A.
- Koninklijke DSM N.V.
- Lycored Corp.
- Nanjing NutriHerb BioTech Co., Ltd
Recent Developments in the Natural Beta Carotene Market:
- June 2024: BASF SE announced the expansion of its production facilities to increase the output of natural beta carotene, underscoring its commitment to meeting the rising consumer demand for natural and sustainable products. This strategic move aims to enhance the availability of high-quality, naturally sourced beta carotene for various applications, including dietary supplements and functional foods.
- April 2024: DSM-Firmenich entered into a strategic partnership with Interstellar Lab, a biotech startup specializing in biofarming solutions. This collaboration is designed to spearhead advancements in botanical ingredients production, marking a significant leap forward in DSM-Firmenich’s quest to expand and explore the boundaries of natural innovation in agrotech.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Natural Beta Carotene Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Natural Beta Carotene Market, Source Outlook (Revenue – USD Billion, 2020-2034)
- Algae
- Fruit & vegetable
- Fungi
- Palm Oil
Natural Beta Carotene Market, Applications Outlook (Revenue – USD Billion, 2020-2034)
- Food and Beverages
- Feed Supplement
- Cosmetic Additives
- Others
Natural Beta Carotene Market, Form Outlook (Revenue – USD Billion, 2020-2034)
- Oil
- Powder
The natural beta carotene market is experiencing significant growth, driven by health-conscious consumer behaviors, a shift towards natural and clean-label products, and expanding applications across various industries. With ongoing product innovations and technological advancements, natural beta carotene is poised to remain a vital component in the global move towards healthier and more natural ingredients.
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