SAN FRANCISCO, November 7, 2016 /PRNewswire/ --
The global beta-carotene market is expected to reach USD 621.0 million by 2024, according to a new report by Grand View Research, Inc. Rise in demand for the naturally-sourced products in food & beverages and dietary supplements industry is expected to remain a key driving factor for the global market.
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The growing health concern across all age groups and the adverse effect of the use of synthetic products in end-use industries such as food & beverages and dietary supplements is driving the market for beta-carotene products.
Various companies have been shifting from synthetic to natural based beta-carotene products. Companies have been investing in new product innovation and are trying to develop beta carotene from genetically modified micro-organisms.
Beta-carotene is widely used as colorants, nutrition supplements and antioxidants in various industries. Food & beverages, dietary supplements, cosmetics and animal feed, are the major end-user industry for beta-carotene. Food & beverages was the leading application segment and contributed over 30% of total revenue in 2015.
Browse full research report with TOC on "Beta-Carotene Market Analysis By Source (Algae, Fruits & Vegetables, & Synthetic), By Application (Food & Beverages, Dietary Supplements, Cosmetics, & Animal Feed) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/beta-carotene-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the beta-carotene market on the basis of source, application, and region:
Access research Insight - http://www.grandviewresearch.com/research-insights/beta-carotene-market-insights-global-industry-size-analysis-report
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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