Share on

Middle East And Africa Beta Carotene Market By Application (Pharmaceuticals, Dietary Supplements, Food & Beverage, Animal Feed, Others), By Source (Syntheric, Algae, Fungi, Palm Oil, Others), and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 3668
Pages: 145
Formats: report pdf report excel report power bi report ppt

Middle East and Africa Beta Carotene Market Growth and Forecast (2022 - 2027):

Middle East and Africa Beta Carotene Market size was around USD 12.57 million in 2021. It is expected to grow at a CAGR of 1.8% to reach USD 13.75 million by 2026. It captures 4% of the global market.

Market Overview:

Carotenoids are colourful pigments that exhibit preventative properties against various dreadful diseases. A few carotenoids are converted by the body into Vitamin A. Some carotenoids exhibit antioxidant behaviour that protects the lining of arteries. They play a vital role in cancer prevention. Carotenes offer protection from heart diseases. Beta Carotene is used to treat skin problems caused due to excessive exposure to the sun. Beta-Carotene holds the maximum market share in carotenoids, due to its skin-protective properties.

Beta carotene possess many features such as it lowers the risk of lung cancer, heart diseases, and skin problems. Moreover it also helps in controlling age related eye disorders and enables proper functioning of immune system. Thus, awareness among the consumers for the benefits of beta carotene is fuelling its growth across the globe.  Moreover increased usage of beta carotene in food and beverages industry to provide colour to their final product is also fuelling its growth during the forecast period.

However, excessive usage of these products for a long term has various side effects it can cause loss of stools, bruising, & joint pain, and turn skin orange or yellow. Through various researches, it has been found that taking high doses of these supplements for long term might cause a higher risk for certain cancer. Consumption of these supplements by smokers increases the risk of colon, prostate and lung cancer among them.

Middle East and Africa Beta Carotene Market Segmentation Analysis:

The Middle East and Africa Beta Carotene Market can be categorized into two categories: by source, and by application. On the basis of source the market is segmented into Algae, Fungi, Palm oil, Synthetic, and Others. Algae derived beta-carotene accounted for over 35% of total revenue in 2018. The algae-based product is expected to witness steady growth trend over the forecast period owing to its various advantages over other sources. If we go by application the market is segmented into Food & Beverage, Animal Feed, Dietary Supplements, Pharmaceuticals, and Others. Among all these segments food and beverages is expected to account for the major market share as compared to others in the near future.

Region Analysis:

Geographically the Middle East and Africa Beta Carotene Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. It is last in terms of market share. UAE is the leading market in this region.

Key Players in the Market:

Major Key Players in the MEA Beta Carotene Market are

  • Chr. Hansen Holding A/S
  • Foodchem International Corporation
  • Flavorchem Corporation
  • Lycored
  • D.D. Williamson & Co., Inc
  • BioExtract
  • Nutralliance
  • Zhejiang Medicine Co., Ltd
  • Sensient Cosmetic Technologies
  • Parry Nutraceuticals

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample