Apocarotenal Market

Global Apocarotenal Market Size (2024 to 2029)

The Global Apocarotenal Market is predicted to reach USD 2.01 billion in 2024 and USD 2.87 billion by 2029, growing at a CAGR of 7.4% during the forecast period.

MARKET OVERVIEW

Apocarotenal is a carotenoid commonly found in spinach and citrus. Carotenoids are plant pigments found in plants, algae, fungi, and bacteria. These pigments are very important for the health of plants. Carotenoid helps plants absorb light energy which can be useful for photosynthesis. Apocarotenal is an excellent source of vitamin A. Apocarotenal is orange, bright red, and yellow. Apocarotenal also acts as an antioxidant in the human body. It has potent anti-cancer properties, so the person who eats a large amount of Apocarotenal in their food will reduce the risk of chronic diseases. Apocarotenal is used in food and beverages, pharmaceuticals and cosmetics with increasing demand, so the market for Apocarotenal will also multiply. It is also used in dairy products, packaged foods, baked goods, and confectionery. These products are needed daily and in good supply, which will stimulate the global Apocarotenal market growth during the forecast period, and a large number of players will participate in this industry. With increasing demand and an increasing number of manufacturers worldwide, the Apocarotenal market is moving towards a more competitive level. To support the global apocarotenal market, major manufacturers regularly introduce new products at competitive prices compared to their competitors. Rising health awareness, a rich source of vitamin A, an increase in chronic diseases like cancer, a rise in fat-based foods and dairy products, an increase in disposable income, a rise in usage of food additives, packing innovations and favorable government policies are driving the Global Apocarotenal Market. However, factors like lack of awareness, stringent rules, and unstable economy in some countries are hindering the growth of the market.

MARKET DRIVERS AND RESTRAINTS

Unlike artificial colors, Apocarotenal has other benefits besides coloration. Apocarotenal, like the other carotenoids, is a precursor to vitamin A, but it only has 50% activity compared to beta-carotene. This means that the human body cleaves the Apocarotenal molecule into vitamin A, which the human body uses at the necessary rate. This Apocarotenal is safe without making it toxic to vitamin A for this reason. Furthermore, the percentage of conversion to vitamin A is a deficient percentage for Apocarotenal, even less than a tenth of the added product. Also, according to the WHO / FAO definition of vitamin A, this allows manufacturers to claim vitamin A on the labeling of Apocarotenal packaging. Apocarotenal is a natural product, and the addition of Apocarotenal in food products improves the product by increasing its health profile. Apocarotenal are heat stable, and therefore their addition to processed foods and foods that go through high temperatures would not affect health. The food colors provided by the addition of Apocarotenal would not confer any toxicity when they pass at very high temperatures. Alone, they are not supposed to be exposed to light because the Apocarotenal will begin to degrade. 

Apocarotenal is a rich source of vitamin A that can come from spinach and citrus. Apocarotenal can provide a large amount of protein and supplements. The number of health-conscious people across the globe is increasing, so they are moving towards healthy and dietary food, Apocarotenal can provide protein and supplements, thus increasing market demand for Apocarotenal. It can act as an antioxidant and has potent anti-cancer properties. Therefore, a person who has a large amount of Apocarotenal in their food intake can reduce the risks of chronic diseases such as cancer, diabetes, asthma, strokes, Alzheimer's disease, etc., so the demand for apocarotenal is increasing rapidly. It is used in confectionery and bakery products such as cookies, biscuits, cakes, etc. salad dressings, soups, cake mixes, and jellies. It is also used in the preparation of crackers and packaged and ready-to-eat foods. Like the number of students, employees living alone in another city or country to study or work are increasing. So in a hectic life, people don't have time to cook every day because the sale of packaged and ready-to-eat food increases, thus the demand for Apocarotenal automatically increases. It is also used in animal feed as a nutritional component. It is used in cosmetics, which is an essential factor in increasing the demand for Apocarotenal. Increased health awareness, a rich source of vitamin A, increased chronic disease, use in packaged foods, dairy products, baked goods, cosmetics, nutrition of animal feed, food and beverages, pharmaceutical products, packaging styles different, pro-government policies that drive the apoteotenal market. However, certain factors, such as lack of awareness, strict rules, and an unstable economy in developing countries affect the growth of the global apocarotenal market.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL APOCAROTENAL MARKET INCLUDED IN THIS REPORT

This research report on the global Apocarotenal market has been segmented and sub-segmented based on product, end-user, and region.

Global Apocarotenal Market By Product

• Powder
• Oil solution
• Oil suspension
• Emulsion
• Others

Global Apocarotenal Market By End-User

• Food & beverages
• Pharmaceuticals
• Cosmetics

The food & beverage sector is expected to grow at a significant pace in the future years. Favorable regulations are a part affecting their demand in the market to some extent. 

Global Apocarotenal Market By Country

•  North America
• Latin America
• Europe
• Asia-Pacific 
• Middle East and Africa.

Among these regions, North America dominated the apocarotenal market globally. Europe has the highest income after North America as apocarotenal use increases due to demand for cosmetics, food and beverages, bakery and dairy products, additives food etc. In Asia-Pacific, market demand for apocarotenals is expected to increase due to population growth and improved financial conditions. In Europe, six of the artificial colors have been labeled harmful to their packaging. Additionally, many other governments and the FDA have banned the use of artificial colors in foods and beverages. Apocarotenal is a dye that is used with the appropriate formulations and can produce various specific color shades.

KEY MARKET PLAYERS IN THE GLOBAL APOCAROTENAL MARKET

DSM, D.D. Williamson, Allied Biotech, Divis Laboratories, Ingredients Inc are some of the notable companies in the Global Apocarotenal market.

RECENT HAPPENINGS IN THE MARKET

• BASF Corp. launches Apocarotenal 2 CWD as a natural ingredient for beverages, dairy products, and confectionery. These are pH-independent color shades. Therefore, they can be used in low doses. In addition, it is also allergen-free and an advanced form of Apocarotenal.
• Founded in 2002, Allied Biotech Corporation has become one of the world's leading manufacturers of carotenoids, marketed around the globe as Altratene®. With necessary skills in synthesis and formulation, allied has established itself as the Carotenoid company for the food, supplement, and animal feed industries.