North America Apocarotenal Market

North America Apocarotenal Market Analysis 2022 - 2027:

North America Apocarotenal Market was worth USD xx billion in 2020 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Apocarotenal is a carotenoid found in spinach and citrus fruits. Carotenoid is an organic pigment that are 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.

North America Apocarotenal Market Drivers:

Apocarotenal has an orange or orange-red colour. It is used in foods, pharmaceuticals and cosmetics. On the basis of 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 North America and Europe countries.

Rising health awareness, 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 North America Apocarotenal Market. However, factors like lack of awareness, stringent rules and unstable economy in some countries are hindering the growth of the market.

North America Apocarotenal Market Segmentation:

The North America Apocarotenal Market was segmented on the basis of product, end-user and region. On the basis of product, the market is segmented into powder, oil solution, oil suspension, emulsion and others. 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.

Regional Insights:

The North America market has been geographically segmented into segmented into US and Canada. As of 2018, North America leads the market, accounting for more than 36% of the entire market share due to the wide usage of apocarotenal as food additive in these countries.

North America Apocarotenal Market Major Players:

Key players dominating the North America Apocarotenal Market are DSM, D.D. Williamson, Allied Biotech, Divis Laboratories, Ingredients Inc., among others.