Carotene Powder Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
The global Carotene Powder market was valued at approximately USD 1.2 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The demand for carotene powder is driven by its increasing use in food & beverages, dietary supplements, and cosmetics due to its high antioxidant properties and health benefits. The growing trend towards natural ingredients in food products and the rise in awareness about health and wellness are major factors contributing to the market growth. Additionally, the increasing demand for natural colorants in the food industry is further enhancing the adoption of carotene powder globally. The market size is expected to reach approximately USD 1.9 billion by 2030, with the Asia Pacific region holding a significant share, accounting for over 40% of the market in 2022.
Regionally, North America and Europe are expected to see steady growth, primarily driven by the strong demand for carotene powder in dietary supplements and cosmetics. North America’s market size is estimated to be USD 300 million in 2022, with a moderate CAGR of 4.8% during the forecast period. Europe, on the other hand, is poised for significant growth, primarily due to increasing demand for natural food additives. The Asia Pacific region is predicted to exhibit the highest CAGR at 6.2% during the forecast period, driven by the increasing consumption of processed food and rising awareness about the benefits of carotene in emerging markets such as India and China. The Middle East and Africa are also showing a growing interest in the use of carotene powder, although at a slower pace compared to other regions.
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DSM
BASF
Allied Bictech
Chr Hansen
LYCORED
FMC Corporation
DDW
Zhejiang Medicine
HJ-Rise International
Zixin
Wuhan Stars
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Carotene Powder Market
Beta-Carotene
Alpha-Carotene
Natural Sources
Synthetic Sources
Food and Beverages
Nutraceuticals
Cosmetics and Personal Care
Animal Feed
Powdered Form
Liquid Form
Granulated Form
Food Industry
Pharmaceuticals
Cosmetics and Personal Care Products
Agriculture and Animal Husbandry
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Carotene Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Carotene Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Carotene Powder Market, By Type
6. Global Carotene Powder Market, By Application
7. Global Carotene Powder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Carotene Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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