Latin America Apocarotenal Market

Latin America Apocarotenal Market Size, Share, Growth (2022-2027):

Latin America Apocarotenal Market was worth USD xx billion in 2022 and is estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2027

Latin America Apocarotenal Market Overview

Apocarotenal is a carotenoid found in spinach and citrus fruits. Carotenoid is an organic pigment produced by plants and algae, as well as several bacteria and fungi. Similar to other carotenoids, apocarotenal plays a role as a precursor of vitamin A, even though it has 50% less pro-vitamin A activity than β-carotene.Apocarotenal has an orange or orange-red colour. It is used in foods, pharmaceuticals and cosmetics. Based on product forms, apocarotenal is used in fat-based food such as margarine, sauces, salad dressing, beverages, dairy products and sweets. However, people with high β-carotene and high plasma levels of β-carotene have a significantly reduced risk of lung cancer. It is approved for usage as a food additive in the Latin America and Latin America countries.

Latin America Apocarotenal Market Drivers:

Rising health awareness, a rich source of vitamin A, increase in chronic diseases like cancer, rise in fat-based foods and dairy products, increase in disposable income, rise in usage of food additives, packing innovations and favourable government policies are driving the Latin America Apocarotenal Market. However, factors like lack of awareness, stringent rules and unstable economy in some countries are hindering market growth.

Latin America Apocarotenal Market Segmentation:

on the basis of

• product

• end-user

On the basis of product,

• powder

• oil solution

• oil suspension

• emulsion

Depending on the end-user, the market is segmented into Food & beverages, Pharmaceuticals, Cosmetics. Food & beverage sector is expected to grow at a significant pace in the future years. Favourable regulations are a part affecting their demand in the market to some extents.

Latin America Apocarotenal Market Regional Analysis

• Brazil

• Mexico

• Argentina

Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.

Latin America Apocarotenal Market Keyplayers:

1. DSM

2. D.D. Williamson

3. Allied Biotech

4. Divis Laboratories

5. Ingredients Inc.