New York, March 12, 2020 (GLOBE NEWSWIRE) -- The global beta-carotene market is expected to reach USD 654.0 Million by 2027, according to a new report by Reports and Data. Beta-carotenes are the type of phytonutrients found in the cells of a wide variety of plants, algae, and bacteria. These phytonutrients help plants absorb light energy for use in photosynthesis. Beta-carotenes are essential anti-oxidants that play a significant role in animal health.
Beta-carotenes are extensively used as coloring agents in the food and beverage industry. Nevertheless, with biotechnological advancements coupled with innovations in recombinant DNA technology, the extraction of carotenoids is now commercially feasible. Owing to this, there is an increase in the production of beta-carotene products. The rise in consumer awareness regarding the health benefits of beta-carotene supplements and fortified foods has led to the use of such products as a preventive measure against various health conditions including arthritis, diabetes, obesity, cancer, macular degeneration, and skin damage, among others.
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The growth in the market demand for functional foods is also estimated to propel the market demand. The beta-carotene market is projected to rise significantly in the forecast period owing to high demand in end-use applications comprising food & beverages, animal feed, dietary supplements, personal care, and pharmaceuticals, among others
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global beta-carotene market on the basis of product type, source, application, and region:
Product Type Outlook (Revenue, USD Million; 2016-2027)
Source Outlook (Revenue, USD Million; 2016-2027)
Application Outlook (Revenue, USD Million; 2016-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/beta-carotene-market
Regional Outlook (Revenue, USD Million; 2016-2027)
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