Market overview:

Beta Carotene Market has been valued $ 526.15 million in the year 2019 and it is estimated to reach $ 780 million by the year 2026, with a CAGR of 6% from 2021 to 2026. Beta Carotene is most commonly known as a plant pigment that gives red, orange, and yellow vegetables. Beta carotene is most commonly considered as a pro vitamin-A carotenoid, it means that the body can convert it into vitamin A, Additionally, beta carotene has more powerful antioxidant properties; these are the main factors that have considerably increased the demand for the Beta Carotene in the market, thereby driving the hug growth of the Beta Carotene market in the upcoming years

Market Drivers and Restraints:

The main factors that have considerably increased the demand for Beta Carotene the in the market is mainly due to the rise in the awareness about anti-cancer among the consumers , anti-aging, and also other health benefits of beta carotenes and antioxidants have led to a rise in demand for these ingredients in food, feed, and personal care products. Rapidly growing in the population and also rise in lifestyle related chronic diseases are what help boost the demand for the food and health supplements that mainly contain of beta carotenes; these are the main factors that have considerably increased the demand for the Beta Carotene in the market, thereby driving the hug growth of the Beta Carotene market in the upcoming years

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Report is segmented as:

Beta Carotene Market is segmented on the basis of by application; Beta Carotene Market is segmented on the basis of by source:

Beta Carotene Market is segmented on the basis of by application into Pharmaceuticals, Dietary Supplements, Food & Beverage, Animal Feed, Others
Beta Carotene Market is segmented on the basis of by source into Syntheric, Algae, Fungi, Palm Oil, Others
Geographical Segmentation:

Beta Carotene Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Beta Carotene is due to the increased demand for immunity-boosting food products and dietary supplements among the consumers these are the main factors that have considerably increased the demand for the Beta Carotene in the north America region, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Beta Carotene Market

Impact of COVID-19 on Market

Covid-19 pandemic has impacted the growth of the Beta Carotene market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Beta Carotene market. Covid-19 pandemic has impacted huge on the sales revenue of Beta Carotene market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Beta Carotene market growth

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