The global beta-carotene market is expected to register a CAGR of nearly 4%
during the period 2018-2022, according to the latest market research
report by Technavio.
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Technavio has published a new market research report on the global beta-carotene market from 2018-2022. (Graphic: Business Wire)
A key factor driving the market’s growth is the health benefits of
beta-carotene. Beta-carotene is a type of carotenoid compound usually
found in algae and plants. It is widely known for its health beneficial
factors. It is also called as provitamin A because the body converts it
into vitamin A after digestion. Vitamin A is one of the essential
micronutrients required by the body for its normal functioning.
This market research report on the global
beta-carotene market 2018-2022 also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio predicts an emerging trend
as a major factor that has the potential to significantly impact the
market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
In this report, Technavio highlights the shift in demand from synthetic
to natural beta-carotene as one of the key emerging trends in the global
Global beta-carotene market: Shift in demand
from synthetic to natural beta-carotene
Beta-carotene is naturally found in fruits and vegetables as bright
colored pigments. Commercially, it can be produced using natural and
chemical sources. Organically, natural sources such as beta-carotene
rich fruits and vegetables are fermented to produce beta-carotene.
Synthetic beta-carotene is produced by the chemical synthesis of benzene
and methanol. However, naturally derived beta-carotene is
therapeutically more effective and is easily absorbed by the body.
“The natural beta-carotene has higher antioxidant activity than its
synthetic counterpart, which lacks antioxidant activity in humans and
animals. Thus, with the increasing preference of consumers toward
natural food ingredients, there is a shift in the demand from synthetic
beta-carotene to natural beta-carotene products,” says a senior
analyst at Technavio for research on specialty chemicals.
Global beta-carotene market: Segmentation
This market research report segments the global beta-carotene market
into the following applications (food and beverages, dietary
supplements, cosmetics, and animal feed) and key regions (the Americas,
APAC, and EMEA).
The food and beverages segment held the largest market share in 2017,
accounting for nearly 36% of the market. This application segment is
expected to dominate the global market throughout the forecast period.
EMEA held the highest share of the global beta-carotene market in 2017,
accounting for a market share of approximately 40%. This region is
anticipated to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180622005349/en/