Synthetic Beta Carotene Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | DSM, Lycored, Chr Hansen Holding A/S, BASF SE, Food chem International

Synthetic beta carotene market is estimated to grow at a moderate CAGR during the forecast period. It has a variety of health, eye, and skin advantages. Beta-carotene, a plant pigment that gives orange, red, yellow, and other brilliant colours, has great antioxidant capabilities. As a result, beta carotene-rich fruits and vegetables, such as carrots, are employed as nutrition and additive in the food and beverage sector. Beta carotene is also high in Vitamin A, which helps to boost the immune system and vision.

Owing to rising consumer health preferences for naturally sourced foods and more severe product disposal rules and as a result of the growing "move to organic" trend and increased consumer preference for natural products, the market is growing. Excessive consumption of synthetic beta carotenes has the potential to harm one's health and the environment. The growth of the natural carotene segment will be driven by strict rules restricting the use of hazardous and poisonous additions in the feed and food companies.

Powdered goods have several advantages over liquid products, including easier storage, transportation, and longer shelf life, resulting in a lower risk of spoilage. This has resulted in increased use in a variety of industries, including pharmaceuticals, cosmetics, and others. As a result, market demand for beta carotene in powder form is increasing. Powder solutions are commonly used in the creation of additives for food processing, animal feed, and dietary supplements as they have a lower risk of spoiling, are less expensive and are easier to manufacture than liquid solutions. Furthermore, In October 2020, for the sales and distribution of Nutralliance's goods in Eastern Europe, the firm formed a strategic relationship with Globionic, a Russian-based ingredient provider. This plan will help the company in increasing beta carotene product sales in European countries that will further boost market growth

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Market Coverage

· The market number available for - 2023-2031

· Base year- 2023

· Forecast period- 2024-2031

Segments Covered

· By Form

· By Source

· By Application

· Competitive Landscape: DSM, Lycored, Chr Hansen Holding A/S, BASF SE, Food chem International among others.

Synthetic Beta Carotene Market Segmentation,

By Source

· Fruits & Vegetables

· Algae

· Synthetic

· Yeast

· Fungi

· Bacteria

· Others

By Form

· Powder

· Liquid

By Application

· Food & Beverages

· Pharmaceuticals

· Cosmetics

· Animal Feed

· Dietary Supplements

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Synthetic Beta Carotene Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of The World

· Latin America

· Middle East & Africa

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