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Revenue Analysis Europe Beta Carotene Market 2021




(EuropeNewsWire.Net, November 11, 2017 ) The Europe Beta Carotene Market size was around USD 101.85 million in 2016. It is expected to grow at a CAGR of 4.2% to reach USD 125.11 million by 2021. It captures 35% of the global market.



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.



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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.

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.



The Europe 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 2016. 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.



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By geography, the Europe Beta Carotene Market has been categorized into UK, Spain, France, Germany and others. It is second largest in terms of market share. In Europe, Germany and France is expected to account for the major share in beta carotene market during the forecast period.



Major companies in the Beta Carotene Market are:

1) Chr. Hansen Holding A/S

2) Foodchem International Corporation

3) Flavorchem Corporation

4) Lycored

5) D.D. Williamson & Co Inc

6) BioExtract

7) Nutralliance

8) Zhejiang Medicine Co. Ltd

9) Sensient Cosmetic Technologies

10) Parry Nutraceuticals.



Market Segmentation:

1) Source

2) Application

3) Type



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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.



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