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North America Beta Carotene Market By Application (Pharmaceuticals, Dietary Supplements, Food & Beverage, Animal Feed, Others), By Source (Syntheric, Algae, Fungi, Palm Oil, Others), And By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2022 to 2027)

Published: January, 2022
ID: 3664
Pages: 145

North America Beta Carotene Market Growth and Forecast (2022 - 2027):

North America Beta Carotene Market size was around USD 119.37 billion in 2021. It is expected to grow at a CAGR of 3.8% to reach USD 143.84 billion by 2026. It captures 38% 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.

Drivers:

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.

Restraints:

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.

North America Beta Carotene Market Segmentation Analysis:

The North America 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 North America Beta Carotene Market is segmented into US, Canada, Mexico and Rest of North America. It is the largest regional market. In North America, the United States is likely to occupy the major share in beta carotene market followed by Canada. Increasing health consciousness among the consumers is estimated to drive the growth of beta carotene across the region.

Key Players in the Market:

Major Key Players in the North America 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 United States                      

                6.3 Canada                                                                         

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

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