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Synthetic Beta-Carotene Market

Market Study on Synthetic Beta-Carotene: Worldwide Demand for Powdered Form to Remain Strong

Synthetic Beta-Carotene Market

Synthetic Beta-Carotene Market Outlook (2023 to 2033)

The global synthetic beta-carotene market is estimated to be valued at US$ 228.5 million in 2023. The market is projected to expand at 5.6% CAGR to reach a valuation of US$ 395.3 million by the end of 2033.

Synthetic beta-carotene is a crystalline powder, which compromises trans-beta-carotene but may also hold traces of other carotenoids as well as cis-isomers. Beta-carotene is extracted both using chemically synthesized processes and from natural sources such as fungi, algae, fruits, and vegetables.

Growing awareness regarding the potential benefits of carotenoids in preventing heart disease, Parkinson’s disease, and Alzheimer’s disease as well as in the treatment of eye disorders has fueled the demand for beta-carotene worldwide. Increasing preference for multi-functional dietary supplements has been positively influencing the market in both developed and developing countries.

Attributes Key Insights

Synthetic Beta-Carotene Market Size (2023E)

US$ 228.5 Million

Projected Sales of Synthetic Beta-carotene (2033F)

US$ 395.3 Million

Market Growth Rate (2023 to 2033)

5.6% CAGR

Market Share of Top 5 Countries (2023E)


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What are the Key Trends in the Synthetic Beta-Carotene Market?

“Growing Demand for Synthetic Beta-carotene in Nutraceutical Industry”

Beta-carotene is known for its antioxidant properties, which makes it a popular ingredient in the nutraceutical industry. The growing cognizance of the benefits of beta-carotene in improving eye health, immune function, and skin health is making it popular in the nutraceutical sector. Beta-carotene is commonly used in nutraceutical products such as dietary supplements, functional foods, and beverages to improve overall health and wellness.

Manufacturers of nutraceutical and dietary supplements are leveraging the potential benefits of these carotenoids by producing supplements in the form of soft gels, pills, gummies, and more. A shift towards preventive healthcare is expected to positively influence the market across the globe.

  • For instance, Now Foods, a dietary supplement manufacturer offers beta-carotene supplements under its broad portfolio in North America, Europe, and Asia.

“Continuous Growth of Food and Beverage Industry Driving Use of Beta-Carotene as Key Colorant”

Rapidly expanding food and beverages industry is augmenting sales of beta-carotene. Beta-carotene is extensively used as a colorant in the food and beverages industry as it imparts a yellow-orange color to yogurt, dairy beverages, ice cream, pudding, confectionery, bakery products, and condiments. The United States FDA (Food and Drug Administration) has approved the use of beta-carotene as a color additive.

Global as well as regional manufacturers are producing chemically synthesized beta-carotene in bulk to meet the global demand for food colorants at competitive prices, thereby fueling sales of synthetic-beta-carotene.

“Cost-effectiveness of Synthetic Beta-carotene Compared to Natural Equivalents”

Demand for beta-carotene is growing significantly, owing to its wide end-use applications. Synthetic and natural beta-carotene are extensively used by producers across the globe. Demand for synthetic beta-carotene is nearly twice that of natural beta-carotene, primarily attributed to its lower production cost.

Chemically synthesized beta-carotene is easy to produce and is widely available, while natural beta-carotene requires biosynthesis processes and advanced technology for extraction from algae, plants, and fruits, thereby making it an expensive product.

“Regulatory Challenges and Stringent Compliance Requirements Limiting Market Growth”

Regulations governing beta-carotene production can vary depending on the application and intended use of the product. For instance, in the United States, beta-carotene is generally recognized as safe (GRAS) for use in food and beverages at levels consistent with good manufacturing practices.

Regulatory challenges can create barriers to entry for new market players who find it difficult to navigate the regulatory landscape, which may limit the market potential for certain applications. Stringent regulations enacted by developed countries governing the efficacy of beta-carotene are a major bottleneck that is likely to restrict the new players, thereby hampering product sales.

Regulations are important in ensuring the safety and efficacy of synthetic beta-carotene products. Regulatory approval, if implemented properly, can also provide market opportunities for beta-carotene producers who can differentiate their products based on their compliance with regulations and safety standards.

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Country-wise Insights

What Makes Germany a Lucrative Market for Manufacturers of Beta-Carotene?

Growing Demand for Synthetic Beta-Carotene from Expanding Dairy, Beverage, and Bakery Sectors

Demand for synthetic beta-carotene is high in Germany, the United Kingdom, and France. Demand for synthetic beta-carotene in Germany is valued at US$ 17.3 million in 2023 and accounts for a 20.3% share of the Europe market.

Expanding dairy, beverages, and bakery sectors in Germany, coupled with growing demand for food colorants, is anticipated to positively impact the synthetic beta-carotene market.

What is the Demand Outlook for Synthetic Beta-Carotene in India?

Beta-carotene’s Role in Supporting Animal Health & Nutrition Fueling Product Demand from Animal Feed Industry

Demand for synthetic beta-carotene in India is predicted to rise at a value CAGR of 8% and reach US$ 27.2 million by the end of 2033.

Expanding animal feed industry in the country is driving synthetic beta-carotene sales, since it is a vital nutrient for farmed stock and has a significant impact on flock immunity and reduces inflammation. Beta-carotene helps in improving fertility, saves organs from radical damage, and increases the reproductive performance of animals.

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Category-wise Insights

Which Form of Synthetic Beta-Carotene is Most Widely Consumed?

Strong Demand for Powdered Synthetic Beta-Carotene Due to Ease of Production and Use

The global synthetic beta-carotene market is segmented into powdered and liquid. Powdered synthetic beta-carotene holds a 59% share of the market in 2023. Manufacturers focus on harnessing powdered synthetic beta-carotene, as it is easy to produce and use, which is driving the sales of synthetic beta-carotene.

What is the Demand Projection for Synthetic Beta-Carotene in the Cosmetics & Personal Care Industry?

Antioxidant and Anti-aging Properties of Beta-Carotene Pushing Widespread Adoption by Cosmetic & Personal Care Industry

Demand for synthetic beta-carotene from the cosmetic & personal care industry is estimated to amount to US$ 31.8 million by 2033.

High antioxidant properties of beta-carotene have lured cosmetic and personal care players to utilize this chemical for the formulation of skincare products. Anti-aging products are in high demand from the cosmetics and personal care industry. Beta-carotene has anti-aging properties that may be utilized in cosmetics to formulate healthy personal care products.

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Expansion of production capacities has been a key strategy for market players in the synthetic beta-carotene market. Investing in a new state-of-the-art raw material processing facility has enabled these companies to ensure high product quality and maximum profitability. Companies involved in the production of synthetic beta-carotene emphasize product development and research activities to provide innovative products to cater to the growing demands of consumers.

Manufacturers are also focusing on expanding their business through acquisitions and mergers to broaden their product portfolio and enhance their production capacity. Strategic investments by key manufacturers in synthetic beta-carotene companies are aimed at boosting market share. These players focus on high-growth markets, prioritize innovation, and expand their product portfolios to drive accelerated growth.

  • At the Food Ingredients China (FIC) 2023 trade show, BASF SE showcased its innovative health ingredients, including Lucarotin synthetic beta-carotene, to support health and wellness goals.
  • ADM has made significant investments in research and development to create new products and technologies that drive growth and enhance efficiency, with a focus on developing plant-based protein products and promoting sustainable agricultural practices.
  • DDW places a strong emphasis on research and development, investing resources to develop color solutions that align with evolving trends and market demands. The company's innovation pipeline is dedicated to creating sustainable, clean-label products that consistently deliver high-quality color performance.
  • Koninklijke DSM is dedicated to streamlining its organizational structure, improving operational efficiency, and fostering agility to swiftly adapt to changing market conditions. The company is committed to digital transformation, leveraging data and technology to drive innovation and operational excellence.

Synthetic Beta-Carotene Industry Report Scope

Attribute Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2023

Market Analysis

  • US$ Million for Value
  • Tons for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC countries
  • Türkiye
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Form
  • End Use
  • Region

Key Companies Profiled

  • Allied Biotech Corporation
  • Arshine Natural & Nutrition
  • Archer Daniels Midland Company
  • Divis Laboratories Ltd.
  • Döhler GmbH
  • Kingherbs Limited
  • Koninklijke DSM NV
  • Lycored Corp
  • Oterra A/S
  • Sensient Technologies Corp.
  • Shaivaa Algaetech LLP
  • Vidya Herbs Pvt. Ltd.
  • Vinayak Ingredients India Pvt. Ltd
  • Davos Life Science

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

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Synthetic Beta-Carotene Industry Research by Category

By Form:

  • Powder
  • Liquid

By End Use:

  • Food and Beverages
    • Bakery & Confectionery
    • Dairy & Desserts
    • Sauces
  • Dietary Supplements
  • Animal Feed
  • Cosmetics & Personal Care

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

- Companies Covered in This Report -

  • Allied biotech corporation
  • Archer Daniels Midland Company
  • Divis Laboratories Ltd.
  • Dohler GmbH
  • Kingherbs Limited
  • Koninklijke DSM NV
  • Lycored Corp
  • Oterra A/S
  • Sensient Technologies Corp.
  • Shaivaa Algaetech LLP
  • Vidya Herbs Pvt. Ltd.
  • Vinayak Ingredients India Pvt. Ltd
  • Davos Life Science

- Frequently Asked Questions -

The global synthetic beta-carotene market expanded at a CAGR of 3.9% from 2018 to 2022.

The market for synthetic beta-carotene is valued at US$ 228.5 million in 2023.

Worldwide sales of beta-carotene are predicted to reach US$ 395.3 million in 2033.

Global demand for synthetic beta-carotene is predicted to rise at a CAGR of 5.6% from 2023 to 2033.

Advancements in beta-carotene extraction and high demand for nutraceuticals are key market trends.

BASF, Divis Laboratories, Koninklijke, and Döhler GmbH are leading manufacturers of synthetic beta-carotene.

The United States, Germany, United Kingdom, and China occupy a leading share of the market.

The market in China has reached US$ 18.3 million in 2023 while that in India is valued at US$ 12.6 million.

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