Carotene is a pigment found primarily in plants, algae and photosynthetic bacteria. It may also be found in non-photosynthetic bacteria and molds. There are different types of carotenes which includes lutein, beta-carotene, lycopene, zeaxanthin, canthaxanthin, astaxanthin and others. Beta carotene is a fat-soluble pigment found in various plants, grains, fruits and vegetables. It is present in the form of red, orange and yellow pigment. After consumption, the human body converts beta carotene into vitamin A which enables various immune functions to work properly and also helps to maintain healthy skin, thus driving the demand of betas carotenes in food and beverages products across the globe.
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Beta Carotene Market Segmentation
On the basis of type beta carotene is segmented as water soluble and oil soluble beta carotenes. Among both the segment water soluble beta carotene is expected to account for the major share due to its high implication. Moreover, water soluble beta carotene are further sub segmented as powder beta carotene and liquid beta carotene. Also, oil soluble beta carotene is sub segmented as powder beta carotene and liquid beta carotenes. Among thesub segments of oil soluble beta carotenes, powder beta carotene is expected to account for the major market share during the forecast period.
On the basis of application beta carotene is segmented as food and beverages, supplements, cosmetics, and feed. Among all these segments food and beverages is expected to account for the major market share as compared to others in the near future. Beta carotene are majorly used in providing color in the food and beverages which is expected to drive the demand for beta carotene in these products. Moreover, cosmetics segment in beta carotene market is expected show a substantial growth during the forecast period. The food and beverages segment is further sub segmented as...