How big is the beta-carotene market?
According to 6Wresearch internal database and industry insights, the beta-carotene market was valued at approximately USD 565.4 million in 2024 and is projected to reach USD 1.08 billion by 2031, growing at a CAGR of 9.6% during the forecast period.
This growth is driven by rising consumer preference for natural colorants and antioxidants in food and beverages, increasing awareness of beta-carotene health benefits, and growing demand in dietary supplements, pharmaceuticals, and animal feed sectors. Technological advancements in natural extraction and formulation are further propelling the market.
Key Growth Factors of the Beta-Carotene Market
- Increase demand for natural food additives and colorants
- Growing health consciousness and preference for antioxidant-rich supplements
- Expanding use of beta-carotene in cosmetics and pharmaceutical formulations
- Technological advancements in microencapsulation and bioavailability
- Increased beta-carotene application in animal nutrition to improve fertility and immunity
- Supportive regulations favoring natural over synthetic ingredients
Beta-Carotene Market Trends
Natural sources like algae, carrots, and palm oil are gaining traction over synthetic alternatives. Clean-label and plant-based product trends are reshaping the market landscape. Manufacturers are investing in sustainable and organic production processes, while the adoption of beta-carotene in functional foods and fortified beverages continues to rise worldwide.
Emerging Developments in the Beta-Carotene Market
Microencapsulation technologies are improving beta-carotene stability in formulations. There is a growing shift toward algae-derived beta-carotene due to its vegan and sustainable nature. Companies are also exploring hybrid production techniques combining biotechnology and fermentation to optimize yield and purity. Expansion into emerging economies is enhancing distribution networks.
Major Companies in the Beta-Carotene Market
- BASF SE
- DSM Nutritional Products
- Allied Biotech Corporation
- Chr. Hansen Holding A/S
- Zhejiang Medicine Co., Ltd.
How Big Is the Beta-Carotene Market: FAQs
The demand is driven by its use as a natural coloring agent and its health benefits, including antioxidant and pro-vitamin A properties.
Beta-carotene is used in food and beverages, dietary supplements, pharmaceuticals, cosmetics, and animal feed.
The beta-carotene market size is is projected to reach USD 1.08 billion by 2031.
Natural beta-carotene is growing faster, though synthetic variants still hold a significant share due to cost-efficiency.
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