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Beta Carotene Market Analysis, Growth Factors, 2023–2032

Beta Carotene Market size surpassed USD 575 million in 2022 and is anticipated to grow at a CAGR of 5% between 2023 and 2032.

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Beta Carotene Market Analysis, Growth Factors, 2023–2032

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  1. Beta Carotene Market Size to Cross USD 3.4 Bn by 2032 Global Market Insights Inc.

  2. Overview of Beta Carotene Market • The beta carotene market is anticipated to cross USD 955 million by 2032, as reported in a research study by Global Market Insights Inc. • The increasing demand for beta carotene in animal feed and as a food ingredient, color additive, and nutrient supplement has enhanced the product penetration rate globally. Beta carotene contains a high amount of vitamin-A and essential pro-vitamins that aid in improving the fertility rate and immunity in dairy cattle, poultry, and other farm animals. The growth of the animal feed is likely to raise the demand for beta carotene. Beta carotene is an important animal feed additive as it optimizes fertility and the growth of livestock, such as swine, goat, sheep, bovine, and chicken, to produce meat. • The beta carotene market from algae source segment valued at USD 14.50 million revenue in 2022, due to the rising demand for natural plant-based ingredients due to the growing trend of veganism. The product is used in dietary supplements as well as functional food & beverages. These numerous applications of algae-based beta-carotene are fueling the market demand. Global Market Insights Inc.

  3. Continue… • Beta carotene is widely used in animal nutrition products as it is recognized as one of the major precursors of vitamin A. Also, the increasing emphasis on enhancing the nutritional value of animal feed will propel product usage. Beta carotene also helps in improving the reproductive performance in dairy heifers as well as lactating cows, along with protecting them against oxidative stress and stimulating the immune system. The fertility of cattle, swine, and horses can be improved by feeding of beta carotene. Thus, these numerous advantages of beta carotene allowed many players to invest & increase their product offerings in the animal feed industry. • The natural product segment is set to reach USD 50 million by 2032. Natural beta carotene is mainly sourced from fruits, vegetables, fungi, and algae. It consists of different isomers, 9-cis and all-trans. It is enriched with pro-vitamin activity, which is needed in many end products to convert vitamin A in human body. The increased demand for naturally-sourced products is fueling the demand for natural beta carotenes. Consumers are more conscious about what they consume or use in their daily life, surging the demand for the natural beta carotene market. The risks associated with synthetic products including allergies and intolerance are creating lucrative growth opportunities for the market globally. Global Market Insights Inc.

  4. Continue… • Beta carotene market from liquid form segment is projected to surpass USD 100 million by 2032, credited to its ease of use and longer shelf life. As liquid solutions are easy to mix in water and food. Furthermore, the liquid form is easy to mix, due to which it has a wider acceptance in the food and beverages such as multivitamin juices, beverages for athletes, food supplements, and healthy foods. • Europe beta carotene market surpassed USD 230 Million revenue in 2022, pertaining to rising consumer awareness about beauty, increasing disposal incomes, and tourist inflow in the region which will accelerate cosmetics sales in the region. • Notable participants in the Beta Carotene market include: BASF SE, DSM N.V, Chr Hansen Holding A/S, Bioextract, Foodchem International Corporation, DD Williamson & Co., Inc (DDW), and Sensient Cosmetic Technologies Global Market Insights Inc.

  5. Browse Full Research Report On Beta Carotene Market@ https://bit.ly/3M2z6Vo Request for a sample of this research report @ https://bit.ly/42QzVY4 Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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