Asia Pacific Beta Carotene Market Size & Outlook
Asia Pacific beta carotene market, 2018-2030 (US$M)
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Asia Pacific beta carotene market highlights
- The Asia Pacific beta carotene market generated a revenue of USD 71.1 million in 2022.
- The market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, natural was the largest revenue generating type in 2022.
- Natural is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 71.1 million |
| Market revenue in 2030 | USD 104.8 million |
| Growth rate | 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 |
| Key market players worldwide | Basf SE, Givaudan SA, DSM Firmenich AG, ADAMA Agricultural Solutions, Otsuka Holdings Co Ltd, Sensient Technologies Corp, Divi's Laboratories, E.I.D. Parry, Central Drug House, Foodchem International Corporation, FoodRGB, Nutralliance, Private Label Supplements |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.1% of the global beta carotene market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 104.8 million by 2030.
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Beta Carotene Market Scope
Beta Carotene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 57.38% in 2022. Horizon Databook has segmented the Asia Pacific beta carotene market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for beta-carotene is growing in Asia Pacific due to several factors. One of the key factors is the increasing consumer awareness and demand for natural and healthy food ingredients including natural food colorants.
Beta-carotene is a widely used food colorant that is derived from natural sources like fruits and vegetables, making it a popular choice for food manufacturers looking to create natural and healthy food products.
In addition, the growing food & beverage industry in the region is contributing to the rising demand for beta-carotene as a functional ingredient due to its antioxidant and anti-inflammatory properties.
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Target buyers of Asia Pacific beta carotene market databook
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Our clientele includes a mix of beta carotene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific beta carotene market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific beta carotene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific beta carotene market size, by country, 2018-2030 (US$M)
Asia Pacific Beta Carotene Market Outlook Share, 2022 & 2030 (US$M)
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