Europe Beta Carotene Market Size & Outlook, 2022-2030
Europe beta carotene market, 2018-2030 (US$M)
Related Markets
Europe beta carotene market highlights
- The Europe beta carotene market generated a revenue of USD 133.1 million in 2022.
- The market is expected to grow at a CAGR of 4.6% 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, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 133.1 million |
| Market revenue in 2030 | USD 190.2 million |
| Growth rate | 4.6% (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, Europe region accounted for 35.7% 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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Europe 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 57.48% in 2022. Horizon Databook has segmented the Europe beta carotene market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for natural ingredients and colorants in food and beverage products, such as energy drinks, confectionary items, carbonated drinks, juices, and baked goods, combined with consumer interest in health and wellness is driving the beta-carotene market in Europe.
Beta-carotene is a natural source of vitamin A and is commonly used to enhance the color of food and beverage products. In addition, the aging population in Europe has contributed to the demand for supplements that promote eye and skin health, which beta-carotene can provide.
Moreover, the widespread recognition of beta-carotene as a natural and safe ingredient in cosmetic & personal care industry due to its skin nourishing and coloring properties has also contributed to its growing popularity in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe beta carotene market , including forecasts for subscribers. This continent databook contains high-level insights into Europe beta carotene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe beta carotene market size, by country, 2018-2030 (US$M)
Europe Beta Carotene Market Outlook Share, 2022 & 2030 (US$M)
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