Beta Carotene Market Detailed Industry Analysis and Key Players - DSM N.V., BASF SE, Chr. Hansen Holding A/S, Kemin Industries, Inc

Beta Carotene Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Beta Carotene market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

Download Free Sample PDF: https://datamintelligence.com/download-sample/beta-carotene-market

What is the projected growth rate (CAGR) of the Global Beta Carotene market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Beta Carotene Market reached USD 452.4 million in 2022 and is projected to witness lucrative growth by reaching up to USD 633.5 million by 2031. The market is expected to exhibit a CAGR of 4.3% during the forecast period 2024-2031.

What is Beta Carotene Market?

Beta Carotene is a red-orange pigment found in various fruits and vegetables, such as carrots, sweet potatoes, and spinach. It is a type of provitamin A, which the body can convert into retinol, an active form of vitamin A essential for maintaining healthy vision, immune function, and skin health. Beta carotene also acts as an antioxidant, helping to protect cells from damage caused by free radicals.

Growth Driver

Growing Demand for Provitamin A and Natural Pigments Fuels Beta Carotene Market Growth

The beta carotene market is experiencing growth due to the increasing demand for provitamin A and carotenoids, as well as a rising preference for natural pigments. As a rich source of provitamin A, beta carotene is crucial for promoting vision, immune function, and skin health, significantly contributing to the expansion of the market.

Key Players:

Profiles of some of the major players in the global Beta Carotene market, which include:

DSM N.V., BASF SE, Chr. Hansen Holding A/S, Kemin Industries, Inc., Cyanotech Corporation, Allied Biotech Corporation, Dohler Group, Zhejiang NHU Co., Ltd., Lycored Corp., and Nutralliance.

Industry Development:

On September 22, 2021, Divi's Nutraceuticals, an Indian company, introduced CaroNat, a naturally sourced food ingredient designed to impart dark yellow to orange hues to a variety of foods and beverages. Derived from concentrated carrot juice, CaroNat naturally contains beta-carotene and is made solely from ingredients of natural origin, produced without the addition of silicon dioxide. This product aids brands in transitioning to clean label formulations.

On May 24, 2023, Green Goo, a plant-based body care brand under Sierra Sage Herbs based in Colorado, announced a new partnership with the well-known lifestyle membership program FabFitFun. With over a million subscribers, FabFitFun offers seasonal subscription boxes filled with full-sized products across various categories, including beauty, fashion, fitness, home, tech, and DIY.

On April 27, 2023, Sanofi, a France-based pharmaceutical company, completed its acquisition of ProventionBio, Inc. This acquisition enhances Sanofi's core asset portfolio in General Medicines by adding TZIELD (teplizumab-mzwv), an innovative first-in-class medication for type 1 diabetes, and aligns with the company's strategic shift towards products with a differentiated profile.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Beta Carotene market.

Get this Premium Report: https://www.datamintelligence.com/buy-now-page?report=beta-carotene-market

Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Source: Fruits & Vegetables, Algae, Synthetics, Yeast, Fungi, Bacteria

By Product: Synthetic Beta Carotene, Natural Beta Carotene

By Application: Cosmetics, Food and Beverages, Pharmaceuticals, Animal Feed, Dietary Supplements, Others

By Form: Powder, Liquid

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Get Customization in the report as per your requierments: https://datamintelligence.com/customize/beta-carotene-market

Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.

➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.