Beta-Carotene Market: A Comprehensive Guide

Global Market Value and Forecast

* The market value for Beta-Carotene Market was USD 540 billion in 2022 and is expected to reach USD 864 Billion in 2032, growing at a CAGR of 63 during the forecast period.

Market Segments

Product Type:

* Synthetic Beta Carotene * Natural Beta Carotene

Application:

* Food & Beverage * Dietary Supplements

Market Size

* The global beta carotene market size attained a value of approximately USD 47817 million in 2023. * The market is further expected to grow at a CAGR of around 5.3% in the forecast period.

Beta-Carotene Market Trends

* The global beta-carotene market size was estimated at USD 103 billion in 2023. * The market is anticipated to expand at a compound annual growth rate (CAGR) of approximately 6.5% from 2023 to 2032.

Market Sources

Fruits and Vegetables:

* Carrots * Sweet Potatoes * Spinach

Algae:

* Dunaliella salina * Haematococcus pluvialis

Synthetic:

* Yeast * Fungi * Bacteria

Market Applications

* Pharmaceuticals * Cosmetics * Dietary Supplements * Food and Beverage