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Beta-Carotene Market Analysis by Product, by Test Location, by Technology, by Application and Segmen

Added: (Tue Jul 03 2018)

Pressbox (Press Release) - The Beta-Carotene Market was worth USD 0.42 billion in 2014 and is expected to reach approximately USD 0.59 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.03% during the forecast period. The business is foreseen to witness a striking development throughout the following years. A huge increment in the beta-carotene usage in dietary supplements, personal care & cosmetics, animal feed, and personal care & cosmetics such is foreseen to positively affect the general development. The rising interest for common source carotene product is anticipated to enlarge the worldwide business development.

Beta-Carotene Market - Competitive Insights

The leading players in the market are LycoRed Limited, BASF, Nutralliance, Foodchem International Corporation, DSM, Chr. Hansen, BioExtract, Zhejiang Medicine Co Ltd, DDW The Color House and Parry Nutraceuticals. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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Beta-Carotene Market - Regional Outlook and Trend Analysis

Europe developed as the main shopper and represented more than 35% of worldwide request in 2015. The locale encounters the existence of an extensive number of makers and purchaser of the product with the most recent innovation. Europe is foreseen to witness a similar development slant in the coming years.

Beta-Carotene Market - Source Outlook and Trend Analysis

Naturally, beta-carotene is extracted from green growth (Dunaliella salina), organic products and vegetable (pumpkin, carrot, sweet potato and others), palm oil, fungus, and fermentation of microorganisms. Green growth inferred beta-carotene represented more than 35% of aggregate income in 2015. The algae-based product is anticipated to witness relentless development incline over the figure time frame attributable to its different preferences over different sources. Manufactured sources represent a little offer in the worldwide business.

Beta-Carotene Market - Application Outlook and Trend Analysis

Food & beverages were the most prevailing application and represented more than 30% of the aggregate worth in 2015. Beta-carotene is broadly used as a nourishment supplement and as a sustenance shading specialist in food production and beverage industry. The general sustenance and refreshments part is expected to demonstrate an amazing development all around finished the following couple of years. This ascent in nourishment and refreshments industry is anticipated to bring about the development of the business. Personal care & cosmetics is additionally expected to witness significant development throughout the following years.

The Beta-Carotene Market is segmented as follows-

By Source:

Fruits & Vegetables
Algae
Synthetic
Others
By Application:

Dietary supplements
Animal Feed
Food & Beverages
Cosmetics
Beta-Carotene Market - By Region -

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Beta-Carotene market based on product and application. It also provides market size and forecast till 2023 for overall Beta-Carotene market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

Also, key Beta-Carotene market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Beta-Carotene Market - Reason to Buy -

Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Beta-Carotene market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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