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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

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

1.Introduction                                                                  

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

2. Research Methodology                                                                           

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

3. Overview                                                                       

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 Epidemology                                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                    

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

5. Market Segmentation                                                                              

                5.1 Source                                                          

                                5.1.1 Introduction                                           

                                5.1.2 Algae                                         

                                5.1.3 Fungi                                         

                                5.1.4 Palm oil                                     

                                5.1.5 Synthetic                                 

                                5.1.6 Others                                      

                                5.1.7  Y-o-Y Growth Analysis, By Source                                

                                5.1.8  Market Attractiveness Analysis, By Source                                              

                                5.1.9  Market Share Analysis, By Source                                                

                5.2 Application                                                 

                                5.2.1 Introduction                                           

                                5.2.2 Food & Beverage                                 

                                5.2.3 Animal Feed                                           

                                5.2.4 Dietary Supplements                                          

                                5.2.5 Pharmaceuticals                                   

                                5.2.6 Others                                      

                                5.2.7 Y-o-Y Growth Analysis, By Application                                         

                                5.2.8 Market Attractiveness Analysis, By Application                                       

                                5.2.9 Market Share Analysis, By Application                                        

6. Geographical Analysis                                                                              

                6.1 Introduction                                                               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

                                                6.1.3.1 By Geographical Area                     

                                                6.1.3.2 By Source                             

                                                6.1.3.3 By Application                    

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Source                             

                                                6.1.4.3 By Application                    

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Source                             

                                                6.1.5.3 By Application                    

                6.2 Middle-East                                                                

                6.3 Africa                                                            

7.Strategic Analysis                                                                        

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8.Market Leaders' Analysis                                                                         

                8.1 BASF SE                                                        

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis                                       

                                8.1.6 Analyst View                                          

                8.2 Kemin Industries Inc.                                                             

                8.3 Algatechnologies Ltd.                                                             

                8.4 Chr. Hansen A/S                                                       

                8.5 Phytone Limited                                                       

                8.6 Cyanotech Corporation                                                         

                8.7 Royal DSM N.V.                                                        

                8.8 LycoRed Ltd.                                                              

                8.9 Overseal Natural Ingredients Ltd.                                                     

                8.10 Pharmline Inc.                                                         

9.Competitive Landscape                                                                            

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10.Market Outlook and Investment Opportunities                                                                          

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

 

  1. Middle East & Africa Beta-Carotene Market By Source, From 2022 - 2027 ( USD Million )
  2. Middle East & Africa Algae Market By Region, From 2022 - 2027 ( USD Million )
  3. Middle East & Africa Fungi Market By Region, From 2022 - 2027 ( USD Million )
  4. Middle East & Africa Palm oil Market By Region, From 2022 - 2027 ( USD Million )
  5. Middle East & Africa Synthetic Market By Region, From 2022 - 2027 ( USD Million )
  6. Middle East & Africa Others Market By Region, From 2022 - 2027 ( USD Million )
  7. Middle East & Africa Beta-Carotene Market By Application, From 2022 - 2027 ( USD Million )
  8. Middle East & Africa Food & Beverage Market By Region, From 2022 - 2027 ( USD Million )
  9. Middle East & Africa Animal Feed Market By Region, From 2022 - 2027 ( USD Million )
  10. Middle East & Africa Dietary Supplements Market By Region, From 2022 - 2027 ( USD Million )
  11. Middle East & Africa Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Million )
  12. Middle East & Africa Others Market By Region, From 2022 - 2027 ( USD Million )
  13. Middle East Beta-Carotene Market By Source, From 2022 - 2027 ( USD Million )
  14. Middle East Beta-Carotene Market By Application, From 2022 - 2027 ( USD Million )
  15. Africa Beta-Carotene Market By Source, From 2022 - 2027 ( USD Million )
  16. Africa Beta-Carotene Market By Application, From 2022 - 2027 ( USD Million )

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