Beta Carotene Powder Market Size, Share, Growth, and Industry Analysis, By Type (Natural Product Extraction, Chemical Synthesis, and Fermentation Method) By Application (Food and Beverages, Feed Supplement, Cosmetic Additives, and Others), Regional Insights and Forecast to 2032

Updated On: 08 April 2024

BETA CAROTENE POWDER MARKET REPORT OVERVIEW

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global beta carotene powder market size was USD 775.96 million in 2022 and market is projected to touch USD 1255.81 million by 2032 at CAGR 4.93% during the forecast period.

Beta-carotene powder, extracted from plants, notably fruits and vegetables abundant in carotenoids, serves as a natural pigment and antioxidant. Carotenoids, organic pigments found in numerous fruits and vegetables, contribute to their vibrant hues. Beta-carotene specifically belongs to the category of provitamin A carotenoids, signifying its conversion into active vitamin A within the body.

The color of beta-carotene powder usually falls within the orange or red-orange spectrum, and its intensity correlates with the concentration of beta-carotene present. This powder is derived from natural sources such as carrots, sweet potatoes, pumpkins, and various fruits and vegetables. Alternatively, it can be synthetically produced through chemical processes.

COVID-19 Impact: Increased Demand for Health Supplements among Population to Fuel Market Growth

Amidst a stronger emphasis on health and well-being during the pandemic, there has been a surge in the request for dietary supplements, particularly those incorporating beta-carotene. Consumers are actively searching for products that bolster immune health, and beta-carotene, as a precursor to vitamin A, is frequently linked with supporting the immune system.

The global supply chain has been disturbed by the pandemic, impacting the acquisition and transportation of raw materials essential for manufacturing beta-carotene powder. This disruption poses challenges in upholding uniform product quality and ensuring consistent availability.

LATEST TRENDS

"Health Conscious Consumer Behavior, Clean Label Movement to Drive Market Growth"

As consumers prioritize their health, they are actively searching for products that match their wellness objectives. Natural ingredients, like beta-carotene extracted from fruits and vegetables, are perceived as healthier options when contrasted with synthetic or artificial additives. The clean label movement reflects a preference for straightforward ingredient lists, emphasizing recognizable and minimally processed components. Given that beta-carotene is a natural pigment obtained from plant sources, it seamlessly aligns with the principles of clean labeling. Increasing recognition of the health advantages linked to beta-carotene, including its function as an antioxidant and its support for eye health and the immune system, was influencing consumer choices.

BETA CAROTENE POWDER MARKET SEGMENTATION

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• By Type

Based on type the global beta carotene powder market can be categorized intoNatural Product Extraction, Chemical Synthesis, and Fermentation Method.

Natural Product Extraction: Through this approach, beta-carotene is obtained from naturally occurring sources like carrots, sweet potatoes, and various fruits and vegetables. The procedure entails separating the compound using physical methods, maintaining its inherent characteristics in the final product.

Chemical Synthesis: Chemical synthesis entails the creation of beta-carotene through artificial means using chemical processes. This method provides meticulous control over the composition and concentration of beta-carotene.

Fermentation Method: The fermentation method employs microorganisms, such as bacteria or yeast, to generate beta-carotene by fermenting organic substrates. This process leads to the creation of beta-carotene and is esteemed for its environmentally sustainable and eco-friendly characteristics.

• By Application

Based on application the global beta carotene powder market can be categorized intoFood and Beverages, Feed Supplement, Cosmetic Additives, and Others.

Food and Beverages: The food and beverage industry extensively employs beta-carotene powder as both a natural coloring agent and a nutritional supplement. It elevates the visual allure of a range of products including beverages, soups, sauces, and snacks. Simultaneously, it acts as a provitamin A source, augmenting the nutritional profile of these items.

Feed Supplement: Within the domain of animal nutrition, beta-carotene powder functions as a dietary supplement for livestock. It is commonly incorporated into animal feed to enrich the color of poultry products, including egg yolks and chicken skin. Moreover, it has the potential to enhance the general health and well-being of the animals.

Cosmetic Additives: Beta-carotene is integrated into cosmetic formulations due to its antioxidant features and skin-friendly characteristics. Renowned for its ability to support skin health, it is a key component in a variety of skincare and cosmetic items, such as creams, lotions, and sunscreens. Its inclusion serves to offer a natural color and potential advantages for the skin.

Others: The category labeled as "Others" covers a wide array of applications where beta-carotene might be employed, including pharmaceuticals and dietary supplements. It is employed in formulations designed to enhance overall health, supporting aspects like eye health and immune function. This broad range of applications extends beyond the main categories of food, feed, and cosmetics.

DRIVING FACTORS

"Increasing Health Awareness to Boost the Market"

The beta-carotene powder market growth is driven by heightened awareness and mindfulness regarding health and well-being. The product is gaining prominence due to its perceived benefits in supporting the immune system, promoting skin health, and contributing to overall well-being, fostering an increased demand in the market.

"Rising Demand for Natural Ingredients to Expand the Market"

Shifting consumer preferences towards natural and clean-label products are driving the demand for beta-carotene. Being sourced from fruits and vegetables, beta-carotene resonates with this trend due to its perception as a natural and health-conscious additive.

RESTRAINING FACTOR

"Raw Material Availability and Costs to Potentially Impede Market Growth"

The production cost of beta-carotene powder can be influenced by the accessibility and pricing of raw materials, especially those sourced from natural origins such as fruits and vegetables.

BETA CAROTENE POWDER MARKET REGIONAL INSIGHTS

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"North America Region Dominating the Market is driven by the natural and functional ingredients"

In the North American region, a burgeoning trend toward natural and functional ingredients in the food and beverage industry is evident. The beta-carotene powder market share is propelled by health-conscious consumers, resulting in its integration into a diverse array of products.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through solutions in nutrition, health, and sustainable living"

Prominent players in the Beta Carotene Powder Market include DSM, a globally recognized science-based company renowned for its solutions in nutrition, health, and sustainable living. DSM holds a significant role as a major contributor to the production and distribution of beta-carotene across diverse applications.

List of Market Players Profiled

• DSM (Netherlands)
• Wuhan Stars (China)
• BASF (Germany)
• DDW (U.S.)
• Zixin (China)

INDUSTRIAL DEVELOPMENT

December 2023: Beta-carotene powder finds application in the pharmaceutical sector for producing supplements and medications, leveraging its immune-boosting and vision-enhancing properties. This utilization is linked to the expanding population, rising disposable income, and the growing embrace of healthier lifestyles, particularly in nations such as China and India.

REPORT COVERAGE

The future demand for beta carotene powder market is covered in this study. The Research report includes the Increased Demand for Health Supplements due to the Covid-19 Impact. The report covers the latest trends in Health Conscious Consumer Behavior. The paper includes a segmentation of the beta carotene powder market. The research paper includes the driving factors that are Increasing Health Awareness to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for beta carotene powder.