Beta Carotene Market Trends Analysis, 2023–2032

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Beta Carotene Market Size to Cross USD 3.4 Bn by
2032
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Overview of Beta Carotene Market

• The beta carotene market is anticipated to cross
  USD 955 million by 2032, as reported in a
  research study by Global Market Insights Inc.
• The increasing demand for beta carotene in animal
  feed and as a food ingredient, color additive,
  and nutrient supplement has enhanced the product
  penetration rate globally. Beta carotene contains
  a high amount of vitamin-A and essential
  pro-vitamins that aid in improving the fertility
  rate and immunity in dairy cattle, poultry, and
  other farm animals. The growth of the animal feed
  is likely to raise the demand for beta carotene.
  Beta carotene is an important animal feed
  additive as it optimizes fertility and the growth
  of livestock, such as swine, goat, sheep, bovine,
  and chicken, to produce meat.
• The beta carotene market from algae source
  segment valued at USD 14.50 million revenue in
  2022, due to the rising demand for natural
  plant-based ingredients due to the growing trend
  of veganism. The product is used in dietary
  supplements as well as functional food
  beverages. These numerous applications of
  algae-based beta-carotene are fueling the market
  demand.

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• Beta carotene is widely used in animal nutrition
  products as it is recognized as one of the major
  precursors of vitamin A. Also, the increasing
  emphasis on enhancing the nutritional value of
  animal feed will propel product usage. Beta
  carotene also helps in improving the reproductive
  performance in dairy heifers as well as lactating
  cows, along with protecting them against
  oxidative stress and stimulating the immune
  system. The fertility of cattle, swine, and
  horses can be improved by feeding of beta
  carotene. Thus, these numerous advantages of beta
  carotene allowed many players to invest
  increase their product offerings in the animal
  feed industry.
• The natural product segment is set to reach USD
  50 million by 2032. Natural beta carotene is
  mainly sourced from fruits, vegetables, fungi,
  and algae. It consists of different isomers,
  9-cis and all-trans. It is enriched with
  pro-vitamin activity, which is needed in many end
  products to convert vitamin A in human body. The
  increased demand for naturally-sourced products
  is fueling the demand for natural beta carotenes.
  Consumers are more conscious about what they
  consume or use in their daily life, surging the
  demand for the natural beta carotene market. The
  risks associated with synthetic products
  including allergies and intolerance are creating
  lucrative growth opportunities for the market
  globally.

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• Beta carotene market from liquid form segment is
  projected to surpass USD 100 million by 2032,
  credited to its ease of use and longer shelf
  life. As liquid solutions are easy to mix in
  water and food. Furthermore, the liquid form is
  easy to mix, due to which it has a wider
  acceptance in the food and beverages such as
  multivitamin juices, beverages for athletes, food
  supplements, and healthy foods.
• Europe beta carotene market surpassed USD 230
  Million revenue in 2022, pertaining to rising
  consumer awareness about beauty, increasing
  disposal incomes, and tourist inflow in the
  region which will accelerate cosmetics sales in
  the region.
• Notable participants in the Beta Carotene market
  include BASF SE, DSM N.V, Chr Hansen Holding
  A/S, Bioextract, Foodchem International
  Corporation, DD Williamson Co., Inc (DDW), and
  Sensient Cosmetic Technologies

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