PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449403
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449403
Europe Beta Carotene Market Share, Size, Trends, Industry Analysis Report, By Source (Natural and Synthetic); By Application; By Country; Segment Forecast, 2024 - 2032
The europe beta carotene market size is expected to reach USD 383.12 million by 2032, according to a new study by Polaris Market Research. The report "Europe Beta Carotene Market Share, Size, Trends, & Industry Analysis Report By Source (Natural, Synthetic); By Application; By Region, Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for natural food colorants and dietary supplements has led to the growth of the European beta-carotene market, which is a significant sector in the nutritional industry. Beta-carotene, a vitamin A prototype, has become popular due to its potential health benefits, such as improved eye health, immune function, and antioxidant properties. One of the key drivers of the European beta-carotene market's growth is the rising awareness about healthy eating habits and preventive healthcare.
Beta-carotene is versatile and finds application in various industries, including food and beverages, animal feed, and cosmetics, expanding its market reach. Its safety profile and adaptability make it an attractive choice across diverse sectors. Additionally, the beta-carotene market's growth is supported by a strengthening regulatory framework in Europe. The European Union has implemented stringent regulations on food safety and quality, encouraging manufacturers to adopt natural and safe ingredients like beta-carotene. This leads to increased investment in research and development and innovative products containing beta-carotene.
Despite this, the high cost of production remains a challenge, limiting the widespread adoption of beta-carotene. Additionally, concerns regarding the potential toxicity of certain sources of beta-carotene, such as cigarette smoke, are hindering market growth.
The cosmetics and animal feed industries' expanding applications of beta-carotene are driving the market's growth. In the cosmetics industry, beta-carotene is used in skincare products to protect against sun damage, promote skin health, and reduce the appearance of fine lines and wrinkles. Its antioxidant properties make it an attractive ingredient for anti-aging products, and its ability to enhance skin elasticity and firmness has also made it popular in moisturizers and lotions. Manufacturers are actively involved in research and development to improve the quality and efficiency of their production processes and to develop new and innovative applications for beta-carotene.
Europe Beta Carotene Market Report Highlights
In 2023, the natural source of beta-carotene enjoyed the majority of the European market revenue. This is due to an increasing demand for natural ingredients over chemical-based ones, which is linked to rising health consciousness and environmental concerns.
The food and beverage application segment governed the European market in 2023, owing to increasing demand for natural food colorants and rising consumer awareness of beta-carotene's health benefits.
Germany is projected to expand at a significant CAGR over the assessment period, because of to its large and elderly population, increasing awareness of health issues, and wealthy consumers.
The key market players include AVANSCHEM, BASF SE, Givaudan Sense Colour, Divi's Nutraceuticals, DSM, Foodchem International Corp., Lycored, Nutralliance, San-Ei Gen F.F.I., Inc., Sensient Technologies Corp., etc.
Polaris Market Research has segmented the Europe beta carotene market report based on source, application, and country:
Europe Beta Carotene, Source Outlook (Revenue - USD Million, 2019 - 2032)
- Natural
- Algae
- Fruits & Vegetables
- Yeast
- Others
- Synthetic
Europe Beta Carotene, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Food & Beverages
- Dietary Supplements
- Cosmetics
- Animal Feed
- Others
Europe Beta Carotene, Country Outlook (Revenue - USD Million, 2019 - 2032)
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
Table of Contents
1.Introduction
- 1.1.Report Description
- 1.1.1.Objectives of the Study
- 1.1.2.Market Scope
- 1.1.3.Assumptions
- 1.2.Stakeholders
2.Executive Summary
- 2.1.Market Highlights
3.Research Methodology
- 3.1.Overview
- 3.1.1.Data Mining
- 3.2.Data Sources
- 3.2.1.Primary Sources
- 3.2.2.Secondary Sources
4.Europe Beta Carotene Market Insights
- 4.1.Europe Beta Carotene Market - Industry Snapshot
- 4.2.Europe Beta Carotene Market Dynamics
- 4.2.1.Drivers and Opportunities
- 4.2.1.1.Expanding applications of beta-carotene in cosmetics and animal feed industries drive market growth
- 4.2.1.2.The growing awareness about healthy eating habits and preventive healthcare
- 4.2.2.Restraints and Challenges
- 4.2.2.1.The high cost of production limits the widespread adoption of beta-carotene
- 4.2.1.Drivers and Opportunities
- 4.3.Porter's Five Forces Analysis
- 4.3.1.Bargaining Power of Suppliers (Moderate)
- 4.3.2.Threats of New Entrants: (Low)
- 4.3.3.Bargaining Power of Buyers (Moderate)
- 4.3.4.Threat of Substitute (Moderate)
- 4.3.5.Rivalry among existing firms (High)
- 4.4.PESTLE Analysis
- 4.5.Europe Beta Carotene Industry trends
- 4.6.Value Chain Analysis
- 4.7.COVID-19 Impact Analysis
5.Europe Beta Carotene Market, by Source
- 5.1.Key Findings
- 5.2.Introduction
- 5.2.1.Europe Beta Carotene, by Source, 2018-2030 (USD Million)
- 5.3.Natural
- 5.3.1.Europe Beta Carotene Market, by Natural, 2018-2030 (USD Million)
- 5.3.2.Algae
- 5.3.2.1.Europe Beta Carotene Market, by Algae, 2018-2030 (USD Million)
- 5.3.3.Davy Process
- 5.3.3.1.Europe Beta Carotene Market, by Fruits & Vegetables, 2018-2030 (USD Million)
- 5.3.4.Yeast
- 5.3.4.1.Europe Beta Carotene Market, by Yeast, 2018-2030 (USD Million)
- 5.3.5.Others
- 5.3.5.1.Europe Beta Carotene Market, by Other, 2018-2030 (USD Million)
- 5.4.Synthetic
- 5.4.1.Europe Beta Carotene Market, by Synthetic, 2018-2030 (USD Million)
6.Europe Beta Carotene Market, by Application
- 6.1.Key Findings
- 6.2.Introduction
- 6.2.1.Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 6.3.Food & Beverages
- 6.3.1.Europe Beta Carotene Market, by Food & Beverages, 2018-2030 (USD Million)
- 6.4.Dietary Supplements
- 6.4.1.Europe Beta Carotene Market, by Dietary Supplements, 2018-2030 (USD Million)
- 6.5.Cosmetics
- 6.5.1.Europe Beta Carotene Market, by Cosmetics, 2018-2030 (USD Million)
- 6.6.Animal Feed
- 6.6.1.Europe Beta Carotene Market, by Animal Feed, 2018-2030 (USD Million)
- 6.7.Others
- 6.7.1.Europe Beta Carotene Market, by Others, 2018-2030 (USD Million)
7.Europe Beta Carotene Market, by Countries
- 7.1.Key findings
- 7.2.Introduction
- 7.2.1.Europe Beta Carotene Market Assessment, By Countries, 2018-2030 (USD Million)
- 7.2.2.Europe Beta Carotene Market - UK
- 7.2.2.1.UK: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.2.2.UK: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.2.3.UK: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
- 7.2.3.Europe Beta Carotene Market - Italy
- 7.2.3.1.Italy.: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.3.2.Italy.: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.3.3.Italy.: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
- 7.2.4.Europe Beta Carotene Market - Germany
- 7.2.4.1.Germany: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.4.2.Germany: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.4.3.Germany: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
- 7.2.5.Europe Beta Carotene Market - UK
- 7.2.5.1.UK: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.5.2.UK: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.5.3.UK: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
- 7.2.6.Europe Beta Carotene Market - Italy
- 7.2.6.1.Italy: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.6.2.Italy: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.6.3.Italy: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
- 7.2.7.Europe Beta Carotene Market - Spain
- 7.2.7.1.Spain: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.7.2.Spain: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.7.3.Spain: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
- 7.2.8.Europe Beta Carotene Market - Netherlands
- 7.2.8.1.Russia: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.8.2.Russia: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.8.3.Russia: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
- 7.2.9.Europe Beta Carotene Market - Russia
- 7.2.9.1.Russia: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- 7.2.9.2.Russia: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- 7.2.9.3.Russia: Europe Beta Carotene Market, by End-Use, 2018-2030 (USD Million)
8.Competitive Landscape
- 8.1.Expansion and Acquisition Analysis
- 8.1.1.Expansion
- 8.1.2.Acquisitions
- 8.2.Partnerships/Collaborations/Agreements/Exhibitions
9.Company Profiles
- 9.1.AVANSCHEM
- 9.1.1.Company Overview
- 9.1.2.Financial Performance
- 9.1.3.Source Benchmarking
- 9.1.4.Recent Development
- 9.2.BASF SE
- 9.2.1.Company Overview
- 9.2.2.Financial Performance
- 9.2.3.Source Benchmarking
- 9.2.4.Recent Development
- 9.3.Givaudan Sense Colour
- 9.3.1.Company Overview
- 9.3.2.Financial Performance
- 9.3.3.Source Benchmarking
- 9.3.4.Recent Development
- 9.4.Divi's Nutraceuticals
- 9.4.1.Company Overview
- 9.4.2.Financial Performance
- 9.4.3.Source Benchmarking
- 9.4.4.Recent Development
- 9.5.DSM
- 9.5.1.Company Overview
- 9.5.2.Financial Performance
- 9.5.3.Source Benchmarking
- 9.5.4.Recent Development
- 9.6.Foodchem International Corp
- 9.6.1.Company Overview
- 9.6.2.Financial Performance
- 9.6.3.Source Benchmarking
- 9.6.4.Recent Development
- 9.7.Lycored
- 9.7.1.Company Overview
- 9.7.2.Financial Performance
- 9.7.3.Source Benchmarking
- 9.7.4.Recent Development
- 9.8.Lycored
- 9.8.1.Company Overview
- 9.8.2.Financial Performance
- 9.8.3.Source Benchmarking
- 9.8.4.Recent Development
- 9.9.San-Ei Gen F.F.I., Inc
- 9.9.1.Company Overview
- 9.9.2.Financial Performance
- 9.9.3.Source Benchmarking
- 9.9.4.Recent Development
- 9.10.Sensient Technologies Corp.
- 9.10.1.Company Overview
- 9.10.2.Financial Performance
- 9.10.3.Source Benchmarking
- 9.10.4.Recent Development
List of Tables
- Table 1 Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 2 Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 4 Europe Beta Carotene Market Assessment, By Countries, 2018-2030 (USD Million)
- Table 5 UK: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 6 UK: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 7 Italy.: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 8 Italy.: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 9 Germany: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 10 Germany: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 11 UK: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 12 UK: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 13 Italy: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 14 Italy: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 15 UK: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 16 UK: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 17 Spain: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 18 Spain: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 19 Russia: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 20 Russia: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 21 Russia: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 22 Russia: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
- Table 23 Austria: Europe Beta Carotene Market, by Application, 2018-2030 (USD Million)
- Table 24 Austria: Europe Beta Carotene Market, by Source, 2018-2030 (USD Million)
List of Figures
- Figure 1 Europe Beta Carotene Market, 2018-2030 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Europe Beta Carotene Market, by Application, 2021 & 2030 (USD Million)
- Figure 8 Market by Source
- Figure 9 Europe Beta Carotene Market, by Source, 2021 & 2030 (USD Million)
- Figure 10 Europe Beta Carotene Market Assessment, By Countries, 2018-2030 (USD Million)
- Figure 11 Strategic Analysis - Europe Beta Carotene Market
