North America Beta Carotene Market Size & Outlook
North America beta carotene market, 2018-2030 (US$M)
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North America beta carotene market highlights
- The North America beta carotene market generated a revenue of USD 127.0 million in 2022.
- The market is expected to grow at a CAGR of 4.4% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 127.0 million |
| Market revenue in 2030 | USD 179.3 million |
| Growth rate | 4.4% (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, North America region accounted for 34.1% 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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North America 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 61.42% in 2022. Horizon Databook has segmented the North America beta carotene market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Beta-carotene is a natural pigment, a type of carotenoid, used in several industries such as food & beverage, cosmetic & personal care, dietary supplements, and animal feed owing to its antioxidant and nutritional properties.
Beta-carotene is used in food and beverage products, such as flavored drinks, cakes, dairy products, custards, and yogurts, among others, as a natural colorant. It is often added to sports drinks and energy drinks to give them a bright, attractive color and promote their health benefits.
It is also used to fortify foods with vitamin A, essential for maintaining healthy vision, immune function, and skin health, making it a crucial nutrient for overall well-being.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America beta carotene market , including forecasts for subscribers. This continent databook contains high-level insights into North America beta carotene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America beta carotene market size, by country, 2018-2030 (US$M)
North America Beta Carotene Market Outlook Share, 2022 & 2030 (US$M)
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