Beta-Carotene Market: A Comprehensive Guide
Global Market Value and Forecast
* The market value for Beta-Carotene Market was USD 540 billion in 2022 and is expected to reach USD 864 Billion in 2032, growing at a CAGR of 63 during the forecast period.
Market Segments
Product Type:
* Synthetic Beta Carotene * Natural Beta Carotene
Application:
* Food & Beverage * Dietary Supplements
Market Size
* The global beta carotene market size attained a value of approximately USD 47817 million in 2023. * The market is further expected to grow at a CAGR of around 5.3% in the forecast period.
Beta-Carotene Market Trends
* The global beta-carotene market size was estimated at USD 103 billion in 2023. * The market is anticipated to expand at a compound annual growth rate (CAGR) of approximately 6.5% from 2023 to 2032.
Market Sources
Fruits and Vegetables:
* Carrots * Sweet Potatoes * Spinach
Algae:
* Dunaliella salina * Haematococcus pluvialis
Synthetic:
* Yeast * Fungi * Bacteria
Market Applications
* Pharmaceuticals * Cosmetics * Dietary Supplements * Food and Beverage
Comments