Middle East & Africa Beta Carotene Market Size & Outlook
Middle East & Africa beta carotene market, 2018-2030 (US$M)
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MEA beta carotene market highlights
- The MEA beta carotene market generated a revenue of USD 22.0 million in 2022.
- The market is expected to grow at a CAGR of 4.2% 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, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 22.0 million |
| Market revenue in 2030 | USD 30.6 million |
| Growth rate | 4.2% (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, MEA region accounted for 5.9% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Beta Carotene Market Scope
Beta Carotene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 55.91% in 2022. Horizon Databook has segmented the Middle East & Africa beta carotene market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The beta-carotene market in the Middle East & Africa is witnessing growth due to the presence of several cosmetic & personal care manufacturers, such as Nivea, Garnier, L’Oréal and Revlon, along with food & beverage manufacturers, such as RCL Foods, Clover, Tiger Brands, and Montagu, in the region driving the demand for beta-carotene used in the manufacture of beverages, food items, and cosmetics.
In addition, the growing pharmaceutical industry in the region is anticipated to aid the growing demand for beta-carotene as it is used as a source of vitamin A and other minerals in dietary supplements.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa beta carotene market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa beta carotene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA beta carotene market size, by country, 2018-2030 (US$M)
Middle East & Africa Beta Carotene Market Outlook Share, 2022 & 2030 (US$M)
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