β-Carotene and Lycopene Market
β-Carotene and Lycopene Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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β-Carotene and Lycopene Market Size and Growth
The β-Carotene and Lycopene market is experiencing significant growth, driven by rising health awareness and demand for natural colorants. The global market size for β-Carotene is projected to reach approximately $1.2 billion, while Lycopene is estimated at around $500 million. Market conditions reflect increased utilization in food, dietary supplements, and cosmetics.
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Companies Covered (Covid 19 Impact Covered)
◍ DSM
◍ Zhejiang Medicine (Xinchang Pharma)
◍ Chr Hansen
◍ BASF
◍ DDW
◍ Allied Bictech
◍ Zixin
◍ FMC Corporation
◍ LYCORED
◍ HJ-Rise International
◍ San-Ei Gen
◍ Farbest Brands
◍ Wuhan Stars
◍ Licofarma
◍ Divi’s Ntraceutical
◍ Cofco Toomato
◍ Xinjiang Hongfan Shengwu
The β-Carotene and Lycopene market is competitive, with companies like DSM, BASF, and Chr Hansen leading in innovation and production. These firms enhance market growth by investing in R&D, expanding product lines, and leveraging supply chains. Sales revenues reflect strong performance, with DSM reporting around $10 billion annually and BASF approximately $76 billion.
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◍ Chenguang Biotech Group Co.,Ltd (CCGB)
Market Segmentation
By Application
Food and Beverages
Feed Supplement
Cosmetic Additives
Drug and Health Products
Others
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By Product
Market Growth
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$ X Billion USD
