Global Beta Carotene Market Size & Outlook, 2022-2030
Global beta carotene market, 2018-2030 (US$M)
Related Markets
Global beta carotene market highlights
- The global beta carotene market generated a revenue of USD 372.6 million in 2022 and is expected to reach USD 531.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.5% by 2030.
- In terms of segment, natural accounted for a revenue of USD 218.4 million in 2022.
- Natural is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 372.6 million |
| Market revenue in 2030 | USD 531.2 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
Other key industry trends
- In terms of revenue, the North America accounted for 34.1% of the global beta carotene market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Argentina is the fastest growing regional market and is projected to reach USD 8.9 million by 2030.
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Beta Carotene Market Scope
Beta Carotene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global beta carotene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to beta carotene market will help companies and investors design strategic landscapes.
Natural was the largest segment with a revenue share of 58.62% in 2022. Horizon Databook has segmented the Global beta carotene market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Beta Carotene Type Outlook (Revenue, USD Million, 2018-2030)
- Natural
- Algae
- Fruits & Vegetables
- Yeast
- Others
- Synthetic
- Natural
- Global Beta Carotene End-Use Outlook (Revenue, USD Million, 2018-2030)
- Natural Beta-Carotene
- Food & Beverages
- Dietary Supplements
- Personal Care & Cosmetics
- Pharmaceutical
- Animal Feed
- Other End-Use
- Synthetic
- Food & Beverages
- Dietary Supplements
- Personal Care & Cosmetics
- Pharmaceutical
- Animal Feed
- Other End-Use
- Natural Beta-Carotene
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Horizon Databook provides a detailed overview of global-level data and insights on the Global beta carotene market , including forecasts for subscribers. This global databook contains high-level insights into Global beta carotene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global beta carotene market size, by regions, 2018-2030 (US$M)
Top 10 countries: Beta carotene market size, 2022 (US$M)
Global beta carotene market share, by type, 2022 & 2030 (%, US$M)
Beta carotene market: Opportunity assessment by country
Global beta carotene market, by region, 2022 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 104.8 | 109.6 | 114.7 | 121.8 | 127.0 | 132.4 | 138.1 | 144.1 | 150.4 | 157.1 | 164.1 | 171.5 | 179.3 | 4.4% |
| Europe | 109.2 | 114.4 | 119.9 | 127.6 | 133.2 | 139.1 | 145.3 | 151.8 | 158.7 | 166.0 | 173.6 | 181.7 | 190.3 | 4.6% |
| Asia Pacific | 57.4 | 60.4 | 63.6 | 67.8 | 71.1 | 74.5 | 78.2 | 82.0 | 86.1 | 90.4 | 94.9 | 99.7 | 104.8 | 5.0% |
| Latin America | 16.2 | 16.9 | 17.6 | 18.6 | 19.3 | 20.1 | 20.8 | 21.6 | 22.5 | 23.4 | 24.3 | 25.3 | 26.3 | 3.9% |
| MEA | 18.3 | 19.1 | 20.0 | 21.2 | 22.0 | 22.9 | 23.9 | 24.9 | 25.9 | 27.0 | 28.1 | 29.3 | 30.6 | 4.2% |
| Overall | 305.9 | 320.4 | 335.8 | 357.0 | 372.6 | 389.0 | 406.2 | 424.4 | 443.6 | 463.8 | 485.1 | 507.5 | 531.2 | 4.5% |
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