Natural Beta Carotene Market Share, Size, Trends, Industry Analysis Report: By Source (Algae, Fruit & Vegetable, Fungi, and Palm Oil), Form, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Fo

Natural Beta Carotene Market Share, Size, Trends, Industry Analysis Report: By Source (Algae, Fruit & Vegetable, Fungi, and Palm Oil), Form, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034

The global natural beta carotene market size is expected to reach USD 2.06 billion by 2034, according to a new study by Polaris Market Research. The report “Natural Beta Carotene Market Size, Share, Trends, Industry Analysis Report: By Source (Algae, Fruit & Vegetable, Fungi, and Palm Oil), Form, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The natural beta carotene market growth is attributed to increasing consumer awareness of health and wellness, which has propelled the demand for natural and organic dietary supplements. Other factors, such as the rising prevalence of chronic diseases and an expanding preference for natural ingredients over synthetic ones, boost the market growth.

Growing application of beta carotene in various sectors such as food & beverages, cosmetics, and pharmaceuticals, and advancements in extraction technologies can create numerous opportunities for the market in the coming years. Trends such as personalized nutrition and the use of beta-carotene in functional foods will contribute to the market expansion in the future. Overall, the natural beta carotene market is poised for robust growth, supported by its perceived health benefits and expanding applications across diverse industries.

Natural Beta Carotene Market Report Highlights

Based on source, the algae segment dominated the market share in 2024 due to its high carotenoid content and sustainable cultivation methods. The increasing demand for clean-label and plant-based ingredients in food, beverages, and dietary supplements significantly bolstered the growth of this segment.

In terms of application, the food and beverages segment leads the market, owing to the rising incorporation of beta-carotene as a natural colorant and health supplement in various food products. Its growth is further supported by consumer trends favoring healthier, additive-free options.

Europe dominates the global natural beta carotene market, driven by a robust demand for natural and organic products across multiple industries, including food & beverage, cosmetics, and pharmaceuticals. However, Asia Pacific is the highest-growing region, propelled by increasing health awareness and rising adoption of natural ingredients in food and personal care products.

The Asia Pacific natural beta carotene market is witnessing rapid growth, primarily driven by increasing health awareness and a growing middle-class population with a rising disposable income.

Notable companies in this market are Allied Biotech Corporation, BASF SE, HJ-Rise International Corporation, Index Pharma LLP, International Association of Color Manufacturers, Kanegrade Ltd., Chr. Hansen Holding A/S, colorMaker, Inc., Cyrano Limited, Divi's Laboratories Limited, FoodRGB, Givaudan S.A., Koninklijke DSM N.V., Lycored Corp., Nanjing NutriHerb BioTech Co., Ltd, Otsuka Pharmaceutical Co., Ltd., Pioneer Enterprises, LLC., Profoods Nutrition Private Limited, Sv Agro Foods Private Limited.

Polaris Market Research has segmented the natural beta carotene market report on the basis of source, form, application, and region:

By Source Outlook (Revenue – USD Billion, 2020–2034)

Algae

Fruit & vegetable

Fungi

Palm Oil

By Form Outlook (Revenue – USD Billion, 2020–2034)

Oil

Powder

By Application Outlook (Revenue – USD Billion, 2020–2034)

Food and Beverages

Feed Supplement

Cosmetic Additives

Others

Natural Beta Carotene Market, Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

• US
• Canada

Europe

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific

Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

Latin America

• Mexico
• Brazil
• Argentina
• Rest of Latin America