Beta Carotene Powder Market - Forecast(2023 - 2028)

Beta Carotene Powder Market size is estimated to reach $326.6 million by 2027, growing at a CAGR of 1.2% during the forecast period 2022-2027. Beta Carotene is a greatly colored red-orange pigment plentiful in plants and fruits. It is an organic compound and chemically is categorized as a hydrocarbon and particularly as a terpenoid (isoprenoid), reflecting its source from isoprene units. Keratin is an organically happening protein that makes up and safeguards the hair, nails, and skin. Certain people choose keratin hair treatments in salons, while others purchase "keratin vitamins" — keratins in supplement form — from drug stores or online. Beta-Carotene 1% SD includes Beta-Carotene dissolved in coconut oil, finely diffused in a matrix of gum acacia, maltodextrin, and sucrose. Dl-alpha Tocopherol and Sodium ascorbate are included as antioxidants. Investigations have been conducted on the impact of the ingestion of beta-carotene with medium-chain triglycerides (MCT) or long-chain triglycerides (LCT) on the bioavailability and the provitamin A action of beta-carotene in humans. Randomized controlled trials have been conducted from which it has been concluded that beta-carotene or alpha tocopherol does not have a statistically significant impact on the rate of incidence of pancreatic carcinoma or the rate of mortality brought about by this ailment. Investigations have been performed featuring the association of ?-carotene in carrot pectic polysaccharides.

The heightened demand for natural source carotene products is set to drive the Beta Carotene Powder Market. The soaring application of beta-carotene as a nutritional supplement in animal feed and the inclusion of Dl-alpha Tocopherol and Sodium Ascorbate as antioxidants is set to propel the growth of the Beta Carotene Powder Market during the forecast period 2022-2027. This represents the Beta Carotene Powder Industry Outlook.

Report Coverage

The report: “Beta Carotene Powder Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Beta Carotene Powder Market.

By Type: Natural, Synthetic
By Application: Food And Beverages, Animal Feed, Dietary Supplements, Cosmetic Additives, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, North America Beta Carotene Powder Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the ability of the human body to effortlessly transform beta carotene into retinol (precursor vitamin A) which is a principal constituent in dietary supplements including Dl-alpha-Tocopherol and Sodium Ascorbate as antioxidants in the North American region.
• Beta Carotene Powder Market growth is being driven by the surging demand for beta carotene in the food industry together with its powerful application in additional end-user industries like pharmaceuticals for coloring, pro-vitamin A source in dietary supplements, health constituent in animal feed, and antioxidant in cosmetic products with the likely inclusion of Dl-alpha-Tocopherol and Sodium Ascorbate as antioxidants. However, many studies have displayed that soaring admission of carotenoids (beta-carotene) in supplement structure, on the whole, extends the hazard of developing a cellular breakdown in the lungs in current and former smokers and this is one of the major factors hampering the growth of Beta Carotene Powder Market. 
• Beta Carotene Powder Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Beta Carotene Powder Market report. 

Beta Carotene Powder Market Segment Analysis – By Type

The Beta Carotene Powder Market based on type can be further segmented into Natural and Synthetic. The Natural Segment held the largest market share in 2021. This growth is owing to the surging inclination of consumers towards organically derived constituents and cleaner-label solutions. Dl-alpha-Tocopherol and Sodium ascorbate are included as antioxidants in Beta-Carotene 1% SD. The soaring demand for natural colorants in foods is further propelling the growth of the Liquid segment.

Furthermore, the Natural segment is estimated to grow with the fastest CAGR of 2.3% during the forecast period 2022-2027 owing to the proliferating application of natural colorants which result in natural colors that assist in preventing hyperactivity disorders and behavioral issues amidst other advantages in children with Dl-alpha-Tocopherol and Sodium ascorbate being incorporated as antioxidants in Beta-Carotene 1% SD.

Beta Carotene Powder Market Segment Analysis – By Application

The Beta Carotene Powder Market based on the application can be further segmented into Food And Beverages, Animal Feed, Dietary Supplements, Cosmetic Additives, and Others. The Food And Beverages Segment held the largest market share in 2021. This growth is owing to the extensive application of beta-carotene in providing color to foods and beverages. Dl-alpha-Tocopherol and Sodium ascorbate are incorporated as antioxidants in Beta-Carotene 1% SD. The soaring application of sources of beta-carotene like carrots, sweet potatoes, dark leafy greens, and more is further propelling the growth of this segment.

Furthermore, the Cosmetics segment is estimated to grow with the fastest CAGR of 2.7% during the forecast period 2022-2027 owing to the surging application of beta-carotene in cosmetic products with Dl-alpha-Tocopherol and Sodium ascorbate being included as antioxidants in Beta-Carotene 1% SD.

Beta Carotene Powder Market Segment Analysis – By Geography

The Beta Carotene Powder Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America (Beta Carotene Powder Market) held the largest share with 37% of the overall market in 2021. The growth of this region is owing to the surging application of Beta carotene (95% pure) as a colorant under 21 CFR 73.95 and 21 CFR 166.110 and a pro-vitamin A nutrition supplement under 21 CFR 182.5245 and 21 CFR 184.1245 in the North American region. Dl-alpha-Tocopherol and Sodium ascorbate are included as antioxidants in Beta-Carotene 1% SD. The soaring percentage of the American population inclined towards having beta-carotene and other carotenoid vitamins in their regular diet is further propelling the growth of the Beta Carotene Powder Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the existence of countries like China and Japan which are principal contributors of beta-carotene in the Asia-Pacific region. Dl-alpha-Tocopherol and Sodium ascorbate are incorporated as antioxidants in Beta-Carotene 1% SD. The surging application of cosmetic products is further fuelling the progress of the Beta Carotene Powder Market in the Asia-Pacific region.

Beta Carotene Powder Market - Drivers

Surging Applications Of Beta Carotene for Vitamin A Are Projected To Drive The Growth Of Beta Carotene Powder Market:

Mature grown-ups need to typically get between 700 and 900 mcg Retinol Activity Equivalents (RAE) of vitamin A per day. The recommended daily allowance (RDA) involves both preformed vitamin A and provitamin A carotenoids like beta carotene. Beta-carotene was the earliest carotenoid from algae to be commercialized. Dunaliella salina, a marine microalga is an abundant source of beta-carotene. Dunaliella production facilities are situated in areas where solar irradiance is maximum, cloudiness is minimum, the climate is warm, and hypersaline water is available. Beta-carotene is the precursor for Vitamin A biosynthesis in the body. Similar to all other carotenoids, beta-carotene is an antioxidant. It safeguards the body from harmful molecules termed free radicals. Research has confirmed that intake of the Dunaliella salina algae is efficient in the avoidance of some forms of cancer. Beta-Carotene 1% SD involves Beta-Carotene dissolved in coconut oil, finely diffused in a matrix of gum acacia, maltodextrin, and sucrose. Dl-alpha-Tocopherol and Sodium ascorbate are incorporated as antioxidants. The surging applications of Beta Carotene are therefore fuelling the growth of the Beta Carotene Powder Market during the forecast period 2022-2027.

Soaring Innovations In Beta Carotene Powders By Key Players Are Expected To Boost The Product Demand:

As per the National Center for Complementary and Integrative Health (NCCIH), beta carotene supplements are not connected with considerable negative effects, even with large supplement doses of 20-–30 mg per day. Lycored utilizes a rare strain of blakeslea trispora that organically generates soaring levels of beta-carotene. This fungus provides a very sustainable, and price-stable, kind of beta-carotene as the organism is not influenced by whether or seasonality. Their patented blakeslea trispora has the greatest provitamin A activity per gram in comparison with other organic sources. Blakeslea trispora is capable of growing in an assortment of substrates. It yields beta-carotene that is secure for food and dietary supplements products. The best active strains of blakeslea trispora are created with the greatest yielding non-GMO beta-carotene organism. Only conventional techniques of microbiological selection with no genetic engineering have been utilized. The procedure of growing and fermenting the fungus is regulated at their own facilities which permit to guarantee the security and efficiency of all that is prepared. Beta-carotene crystals are isolated from the fermentation suspension and a patented single solvent process is utilized to extract a carotenoid-rich oleoresin without disorganizing the natural distribution of beta-carotene. Beta-Carotene 1% SD incorporates Beta-Carotene dissolved in coconut oil, finely diffused in a matrix of gum acacia, maltodextrin, and sucrose. Dl-?-Tocopherol and Sodium ascorbate are included as antioxidants. The soaring innovations of Beta Carotene Powders are therefore driving the growth of the Beta Carotene Powder Market during the forecast period 2022-2027.

Beta Carotene Powder Market – Challenges

Beta-Carotene May Cause Certain Cancer In Some Cases Are Hampering The Growth Of The Beta Carotene Powder Market:

As per the United States Department of Agriculture (USDA) food database, 100 grams of cooked carrots offer 8,279 micrograms (mcg) of beta carotene. Beta-carotene is likely to be secure when consumed in suitable quantities for some medical conditions. However, beta-carotene supplements are not suggested for general use. Beta-carotene supplements are probably unsafe when consumed by mouth in high doses, specifically in the long term. High doses of beta-carotene can turn skin yellow or orange. Consuming high doses of beta-carotene supplements may also boost the chance of demise from all causes, increase the hazard of certain cancers and probably bring about additional serious outcomes. Beta-carotene from food does not seem to have these impacts. These issues are thus hampering the growth of the Beta Carotene Powder Market.

Beta Carotene Powder Industry Outlook:

Expansions, procurement procedures, collaborations, mergers and acquisitions, innovation, and considerable investment in R&D are key strategies adopted by players in the Beta Carotene Powder Market. Key companies in this market are:

1. BASF SE
2. Koninklijke DSM N.V.
3. Chr. Hansen
4. Sensient Technologies
5. LycoRed
6. FMC Corporation
7. DDW
8. Zhejiang Medicine
9. HJ-Rise International
10. Zixin

Recent Developments

• In October 2020, Nutralliance announced a strategic partnership with Globionic, a Russia-based supplier specializing in ingredients for the sales and distribution of the company’s products in Eastern Europe. This strategy helped the company to expand its sales of beta carotene products in European countries. 
• In September 2020, Chr. Hansen introduced a clean label FruitMax® product from turmeric. Yellow is the most-utilized color in numerous applications, both to generate yellow but also as a mix to make green and orange and as a color brightener. It is one of the few raw materials that generate a bright yellow, whereas numerous natural colors like beta-carotene and even orange carrot are inclined to make warmer tones.

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