A recent report published by Infinium Global Research on the beta-carotene market provides an in-depth analysis of segments and sub-segments in the global as well as regional beta-carotene market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional beta-carotene market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global beta-carotene market. According to the report, the global beta-carotene market is projected to grow at a CAGR of 3.5% over the forecast period of 2019-2025.
Beta-carotene is a type of pigment found in plants and fruits. It is red-orange color pigment generally found in the carrot and colorful vegetable. It is an antioxidant, that gets converted to vitamin A and helps to maintain good health. It plays an important role to control free radicals inside the body. Further, there are several health benefits of regular intake of a significant amount of beta-carotene. Its regular intake helps to control the decline of cognitive power. Its regular use helps to treat sun sensitivity among patients suffering from erythropoietic protoporphyria problem. Additionally, it is beneficial for the people, who are suffering from photosensitive diseases, and helps to minimize the effect of phototoxic drugs. Moreover, it has several health benefits as treating lung cancer and other cancer diseases.
The growing health awareness about the beta-carotene among the consumers is helping to grow the beta-carotene around the world. Nowadays young consumers with ample disposable income are more concerned about their health and taking every possible diet and pharmaceutical ingredients to keep their body fit and active. Additionally, increasing side effects of allopathic drugs are pushing the consumers towards natural ingredients, which do not have side effects on the body, is helping to grow the demand of the beta-carotene among the consumers.
Geographically, the beta-carotene market is segmented into four regions, namely North America, Europe, Asia-Pacific, and RoW. North America is the leading player in the beta-carotene market, owing to the presence of the leading pharmaceutical companies and their focus on the developments of the new health care products is helping to grow the demand of the beta-carotene market. Additionally, a large patient pool for the different types of beta-carotene market is helping to continuously increase the demand of beta-carotene based products in this region. Europe is the second largest market for the beta-carotene market after North America. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the beta-carotene based products for better health.
The report on the global beta-carotene market covers segments such as source, and end use. On the basis of source, the sub-markets include fruits & vegetables, algae & fungi, and synthetic. On the basis of end use, the sub-markets include food, animal feed, dietary supplements, pharmaceuticals, and cosmetics.
The report provides profiles of the companies in the market such as The Archer Daniels Midland Company, Döhler GmbH, FMC Corporation, Carotech Bhd., BioExtract, NOW Foods, DDW The Colour House, Nutralliance, Novus International, Inc., and Chr. Hansen A/S.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the beta-carotene market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.