Beta-Carotene Colorant Market Size, Share, Opportunities, And Trends By Product Type (Natural, Synthetic), By Form (Powder, Liquid), By Source (Fruits & Vegetables, Algae And Fungi, Synthetic, Other), By End-Use (Food And Beverages, Cosmetic Industry, Pharmaceutical, Dietary Supplements, Animal Feed), And By Geography - Forecasts From 2024 To 2029

  • Published : Feb 2024
  • Report Code : KSI061611647
  • Pages : 124

The beta-carotene colorant market is expected to grow at a CAGR of 3.98% from US$457.567 million in 2022 to US$601.519 million in 2029.

Beta-carotene colorant is a red-orange pigment found in high concentrations in fruits and vegetables. It gives plants their reddish-yellow color. Besides occurring in natural sources, beta-carotene colorant is also extracted from its synthetic sources.

MARKET TRENDS:

The ever-growing food and beverage industry is the largest market for beta-carotene colorants. This pigment is widely used in beverages, confectionaries, packed food, etc., as a colorant and to feed the ever-increasing population; its application is expected to increase further. Besides that, Beta-carotene is highly rich in Vitamin A and has antioxidant properties, which are expected to act as a booster for the market, especially in the pharmaceutical and dietary sectors. A shift in living standards has increased the consumption of organic goods, and as an organic pigment, the beta-carotene market can take advantage of favorable prospects. High intake of beta colorant is linked with side effects like loose stool, allergies, skin discoloration, etc., which is expected to hinder its market growth.

MARKET DRIVERS:

  • Growing food and beverage industry.

According to the United Nations, the world population is expected to reach 9.7 billion by 2050. With the ever-increasing demand for food and beverages accompanied by factors like rising population and growing disposable income, the beta-carotene colorant market is expected to grow significantly. This is because the beta colorant is an organic and intensely colored pigment, which makes it a preferable colorant choice in food and beverages. Its naturally or synthetically derived red, yellow, and orange color is widely used in dressings, confectionaries, baked products, etc. With the growth in the food and beverage industry, significant growth of beta-carotene colorants is also expected.

  • Rich in vitamin A and antioxidants.

Beta-carotene is a rich source of Vitamin A, vital for good vision, eye health, a strong digestive system, mucous membranes, and healthy skin. These health properties associated with the product are expected to drive its market, especially in the pharmaceutical and dietary sectors. Although big doses of Vitamin A can be harmful, various research has shown that Beta-carotene contains a safe amount of Vitamin A. According to UNICEF Data, deficiency of Vitamin A is the leading cause of preventable childhood blindness, and in 2020, only 2 out of 5 children received life-saving benefits from Vitamin A supplementation. With these concerns, the intake of Vitamin A becomes necessary and is expected to drive the beta colorant market.

Besides that, the beta colorant is an antioxidant that protects the body from damaging molecules called free radicals. If not treated, free radicals can damage the cells, cause some severe illnesses, and increase the chances of heart disease and cancer. With the advised high intake of antioxidants, the beta-carotene colorant market stands in a favorable position.

MARKET RESTRAINTS:

  • Side Effects and Overuse.

Research over time has proved that a high intake of beta-carotene colorants and their overuse can cause side effects like allergies, loose stool, bruising, skin discoloration, joint pain, etc. Also, certain studies have found that a high intake of beta-carotene supplements by smokers or by people exposed to asbestos can increase the chances of lung cancer in them. These factors can hinder its market growth in the future.  

The North American beta-carotene colorant market is anticipated to grow significantly.

It is projected that the beta-carotene colorant market in North America will develop significantly due to several factors. One major motivator is the growing health consciousness among consumers who understand the compound's advantages as a precursor to vitamin A, which is crucial for immune system support and eye health. Another aspect that contributes to this is the growing demand in the food and beverage sector, where beta-carotene is widely utilized as a natural colorant to fortify vitamin A. The demand for natural components in food items is predicted to drive future growth in the beta-carotene market.

Key Developments:

  • In December 2023, in response to the increased demand from the beauty industry for naturally derived colorants for use in cosmetic and personal care products, Sun Chemical extended its SunPURO® Naturals product range. The source of farmed beta carotene, SunPURO® Natural Carotene O N70-2317, is dunaliella salina algae.
  • In November 2023, Divi's is pioneering the use of beta-carotene, which imparts a stunning red hue to applications. In addition, Divi's is expanding its already impressive line of premium beta-carotene forms by adding yet another product to its lineup.

Beta-Carotene Colorant Market Scope:

 

Report Metric Details
Market Size Value in 2022 US$457.567 million
Market Size Value in 2029 US$601.519 million
Growth Rate CAGR of 3.98% from 2022 to 2029
Base Year 2022
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Million
Segments Covered
  • Product Type
  • Form
  • Source
  • End-User
  • Geography
Companies Covered
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope Free report customization with purchase

 

Segmentation:

  • By Product Type
    • Natural
    • Synthetic
  • By Form
    • Powder
    • Liquid
  • By Source
    • Fruits & Vegetables
    • Algae and Fungi
    • Synthetic
    • Other
  • By End-User
    • Food and Beverages
    • Cosmetic Industry
    • Pharmaceutical
    • Dietary Supplements
    • Animal Feed
  • By Geography
    • North America
      • USA
      • Canada
      • México
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • U.K.
      • Germany
      • France
      • Others
    • Middle East and Africa
      •  UAE
      • South Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • Taiwan
      • South Korea
      • Others
 

Frequently Asked Questions (FAQs)

Beta-Carotene Colorant Market was valued at US$457.567 million in 2022.
The beta-carotene colorant market is expected to reach a market size of US$601.519 million by 2029.
The global beta-carotene colorant market is expected to grow at a CAGR of 3.98% during the forecast period.
North America is anticipated to hold a significant share of the beta-carotene colorant market.
The major factor anticipated to drive the growth of the beta-carotene colorant market is the increasing demand for natural and clean label ingredients in food and beverage products.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Russia-Ukraine War Impact Analysis

5. BETA-CAROTENE COLORANT MARKET BY PRODUCT TYPE

5.1. Introduction

5.2. Natural

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.3. Synthetic

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

6. BETA-CAROTENE COLORANT MARKET BY FORM

6.1. Introduction

6.2. Powder

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.3. Liquid

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

7. BETA-CAROTENE COLORANT MARKET BY SOURCE

7.1. Introduction

7.2. Fruits & Vegetables

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.3. Algae and Fungi

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.4. Synthetic

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.5. Other

7.5.1. Market Trends and Opportunities

7.5.2. Growth Prospects

8. BETA-CAROTENE COLORANT MARKET BY END-USER

8.1. Introduction

8.2. Food and Beverage

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.3. Cosmetic Industry

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

8.4. Pharmaceutical

8.4.1. Market Trends and Opportunities

8.4.2. Growth Prospects

8.5. Dietary Supplements

8.5.1. Market Trends and Opportunities

8.5.2. Growth Prospects

8.6. Animal Feed

8.6.1. Market Trends and Opportunities

8.6.2. Growth Prospects

9. BETA-CAROTENE COLORANT MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.1.1. Market Trends and Opportunities

9.2.1.2. Growth Prospects

9.2.2. Canada

9.2.2.1. Market Trends and Opportunities

9.2.2.2. Growth Prospects

9.2.3. Mexico

9.2.3.1. Market Trends and Opportunities

9.2.3.2. Growth Prospects

9.3. South America

9.3.1. Brazil

9.3.1.1. Market Trends and Opportunities

9.3.1.2. Growth Prospects

9.3.2. Argentina

9.3.2.1. Market Trends and Opportunities

9.3.2.2. Growth Prospects

9.3.3. Others

9.3.3.1. Market Trends and Opportunities

9.3.3.2. Growth Prospects

9.4. Europe

9.4.1. UK

9.4.1.1. Market Trends and Opportunities

9.4.1.2. Growth Prospects

9.4.2. Germany

9.4.2.1. Market Trends and Opportunities

9.4.2.2. Growth Prospects

9.4.3. France

9.4.3.1. Market Trends and Opportunities

9.4.3.2. Growth Prospects

9.4.4. Others

9.4.4.1. Market Trends and Opportunities

9.4.4.2. Growth Prospects

9.5. Middle East and Africa

9.5.1. UAE

9.5.1.1. Market Trends and Opportunities

9.5.1.2. Growth Prospects

9.5.2. South Africa

9.5.2.1. Market Trends and Opportunities

9.5.2.2. Growth Prospects

9.5.3. Israel

9.5.3.1. Market Trends and Opportunities

9.5.3.2. Growth Prospects

9.5.4. Saudi Arabia

9.5.4.1. Market Trends and Opportunities

9.5.4.2. Growth Prospects

9.5.5. Others

9.5.5.1. Market Trends and Opportunities

9.5.5.2. Growth Prospects

9.6. Asia Pacific

9.6.1. China

9.6.1.1. Market Trends and Opportunities

9.6.1.2. Growth Prospects

9.6.2. Japan

9.6.2.1. Market Trends and Opportunities

9.6.2.2. Growth Prospects

9.6.3. India

9.6.3.1. Market Trends and Opportunities

9.6.3.2. Growth Prospects

9.6.4. Australia

9.6.4.1. Market Trends and Opportunities

9.6.4.2. Growth Prospects

9.6.5. Taiwan

9.6.5.1. Market Trends and Opportunities

9.6.5.2. Growth Prospects

9.6.6. South Korea

9.6.6.1. Market Trends and Opportunities

9.6.6.2. Growth Prospects

9.6.7. Others

9.6.7.1. Market Trends and Opportunities

9.6.7.2. Growth Prospects

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. BASF SE

11.2. San-Ei Gen F.F.I., Inc.

11.3. Koninklijke DSM N.V.

11.4. Carotex Flavors

11.5. Foodchem International Corporation

11.6. BioExtract

11.7. Nutralliance

11.8. Cabio Biotech


BASF SE

San-Ei Gen F.F.I., Inc.

Koninklijke DSM N.V.

Carotex Flavors

Foodchem International Corporation

BioExtract

Nutralliance

Cabio Biotech