Dublin, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The "Beta Carotene Market - Segmented by Type (Natural, Synthetic), Form (Liquid, Power), Application (Food & Beverage, Animal Feed, Cosmetics Industry, Pharmaceuticals & Others), and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global beta carotene market is projected to grow at the rate of 3.5% during the forecast period 2018 to 2023.

The end-user industry has been proactively moving towards microalgae derived beta carotene production method for its numerable benefits such as sustainability in terms of zero waste generation, ecologically pure, and energy as well as resource saving process - in turn driving the market growth for beta carotene.

Beta Carotene Market Dynamics

Increasing demand for health based ingredient including beta carotene within food industry coupled with its vivid application in other end user industries such as pharmaceuticals for coloring, pro-vitamin A source in dietary supplements, and health ingredient in animal feed and as an antioxidant in cosmetic products has been propelling the market growth globally.

The shifting inclination from synthetic to naturally sourced beta carotene has resulted in companies investing significantly in their R&D for development of beta carotene from natural sources including genetically modified micro-organisms.

Naturally Derived Beta Carotene to Witness Highest Growth Rate during the Forecast Period

The shifting preferences towards naturally derived ingredient and cleaner label solution has instigated the growth of natural beta carotene segment and is expected to register CAGR of 4.8% during the forecast period. Synthetic beta carotene have been preferred by ingredient companies owing to their cost effectiveness, and higher color yield. By application, food & beverage segment continues to be dominate the market, followed by others.

Europe at the Leading Front in Beta Carotene Market

Europe and North America accounted for more than 70% of the revenue share in the global beta carotene market. Asia-Pacific is expected to witness strong growth over the forecast period with China and Japan being the major contributors owing to the increasing cosmetic trend in the region. Brazil, Turkey, Saudi Arabia offers huge untapped market potential for growth during the forecast period.

Developments in the Market

• Chr. Hansen had extended its patented encapsulation technology to increase the stability of beta carotene color pigments for its application in beverage products. The technology enabled beverage manufacturers to use the ingredient in smaller quantity - thus cost effective measure with maximized brightness.
• BASF has launched 10% beta carotene powder Lucarotin 10 CWD (Cold Water Dispersible) / O (Orange) Plus, which is nature identical and labelled as beta carotene (color) in US to replace azo dyes yellow 5 and 6 in beverages, soups, confections, and nutrition products.

Key Topics Covered

1. Introduction
1.1 Scope of Study
1.2 Study Deliverables
1.3 Study Assumptions
1.4 Research Phases

2. Beta Carotene Market Insights
2.1 Market Overview
2.2 Market Trends
2.3 Industry Attractiveness-Porter's Five Forces Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Consumers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitute Products and Services
2.3.5 Degree of Competition

3. Beta Carotene Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities

4. Beta Carotene Market Segmentation
4.1 Pricing
4.1.1 USD 25 - USD 50
4.1.2 USD 51 - USD 100
4.1.3 USD 101 - USD 150
4.1.4 Above USD 150
4.2 End User
4.2.1 Men
4.2.2 Women
4.2.3 Unisex
4.3 Distribution Channel
4.3.1 Offline Retail Stores
4.3.2 Online Retail Stores

5. Beta Carotene by Geography
5.1 North America Beta Carotene Market Size (2018-2023)
5.1.1 US Beta Carotene Market Size (2018-2023)
5.1.2 Canada Beta Carotene Market Size (2018-2023)
5.1.3 Mexico Beta Carotene Market Size (2018-2023)
5.1.4 Rest of North America Beta Carotene Market Size (2018-2023)
5.2 Europe Beta Carotene Market Size (2018-2023)
5.2.1 Spain Beta Carotene Market Size (2018-2023)
5.2.2 UK Beta Carotene Market Size (2018-2023)
5.2.3 Germany Beta Carotene Market Size (2018-2023)
5.2.4 France Beta Carotene Market Size (2018-2023)
5.2.5 Italy Beta Carotene Market Size (2018-2023)
5.2.6 Russia Beta Carotene Market Size (2018-2023)
5.2.7 Rest of Europe Beta Carotene Market Size (2018-2023)
5.3 Asia-Pacific Beta Carotene Market Size (2018-2023)
5.3.1 China Beta Carotene Market Size (2018-2023)
5.3.2 Japan Beta Carotene Market Size (2018-2023)
5.3.3 India Beta Carotene Market Size (2018-2023)
5.3.4 Australia Beta Carotene Market Size (2018-2023)
5.3.5 Rest of Asia-Pacific Beta Carotene Market Size (2018-2023)
5.4 South America Beta Carotene Market Size (2018-2023)
5.4.1 Brazil Beta Carotene Market Size (2018-2023)
5.4.2 Argentina Beta Carotene Market Size (2018-2023)
5.4.3 Rest of South America Beta Carotene Market Size (2018-2023)
5.5 Middle East & Africa Beta Carotene Market Size (2018-2023)
5.5.1 South Africa Beta Carotene Market Size (2018-2023)
5.5.2 UAE Beta Carotene Market Size (2018-2023)
5.5.3 Rest of Middle East & Africa Beta Carotene Market Size (2018-2023)

6. Beta Carotene Market Competitive Landscape
6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players

7. Company Profiles
7.1 Sensient Technologies
7.2 D.D. Williamson & Co. Inc.
7.3 Lycored Corp.
7.4 Bioextract
7.5 Bio-gen Extracts
7.6 Zhejiang Medicine Co. Ltd.
7.7 Parry Nutraceuticals
7.8 Foodchem International
7.9 Allied Biotech Corporation
7.10 Royal DSM
7.11 BASF
7.12 FMC Corporation
7.13 Merck & Company Inc.
7.14 Divi's Laboratories Ltd.

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Related Topics: Vitamins and Dietary Supplements, Feed Additives , Food Additive Chemicals