Europe Apocarotenal Market

Europe Apocarotenal Market Analysis:

Europe Apocarotenal Market was worth USD xx billion in 2020 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Apocarotenal is a carotenoid found in spinach and citrus fruits. Carotenoid is an organic pigment that are produced by plants and algae, as well as several bacteria and fungi. Similar to other carotenoids, apocarotenal plays a role as a precursor of vitamin A, even though it has 50% less pro-vitamin A activity than β-carotene.

Apocarotenal has an orange or orange-red colour. It is used in foods, pharmaceuticals and cosmetics. On the basis of product forms, apocarotenal is used in fat based food such as margarine, sauces, salad dressing, beverages, dairy products and sweets. However, people with high β-carotene and high plasma levels of β-carotene have a significantly reduced risk of lung cancer. It is approved for usage as a food additive in the Europe and Europe countries.

Rising health awareness, rich source of vitamin A, increase in chronic diseases like cancer, rise in fat based foods and dairy products, increase in disposable income, rise in usage of food additives, packing innovations and favourable government policies are driving the Europe Apocarotenal Market. However, factors like lack of awareness, stringent rules and unstable economy in some countries are hindering the growth of the market.

Europe Apocarotenal Market Segmentation:

The Europe Apocarotenal Market was segmented on the basis of product, end-user and region. On the basis of product, the market is segmented into powder, oil solution, oil suspension, emulsion and others. Depending on the end-user, the market is segmented into Food & beverages, Pharmaceuticals, Cosmetics. Food & beverage sector is expected to grow at a significant pace in the future years. Favourable regulations are a part affecting their demand in the market to some extents. The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. In Europe, Germany leads the market, followed by France and U.K. The market is growing in this region due to the rising awareness and favourable reimbursement policies.

Europe Apocarotenal Market Key Players:

Key players dominating the Europe Apocarotenal Market are DSM, D.D. Williamson, Allied Biotech, Divis Laboratories, Ingredients Inc., among others.