Germany Beta-carotene Market Outlook

the germany beta-carotene market outlook 2018 to 2032 has remained relatively consistent over the years, with regional fluctuations being adjusted to global production and consumption trends. with the rise of new consumer trends such as the functional foods and beverages industry, demand for beta-carotene has been steadily increasing due to its therapeutic and nutraceutical applications. in 2017, the total demand for beta-carotene in germany was estimated at around 20,980 metric tons, with an average increase of 5.2 percent over 2013-2017. this growth was further supported by the increased availability of natural sources of beta-carotene such as carrots, sweet potatoes, peppers, pumpkins, green leafy vegetables, and other fruits and vegetables. in fact, carrots remain the largest contributor in terms of sources of beta-carotene in the country, as high consumption rates continue to be prevalent in germany. in terms of market segments, the food and beverage industry is the largest consumer of beta-carotene in germany, followed by the nutraceuticals and pharmaceuticals industries. with the general population becoming more health conscious, demand for beta-carotene in the nutraceuticals and pharmaceuticals industries have risen significantly in recent years. beta-carotene is known to have various health benefits such as being an antioxidant and having anti-cancer properties, thus its popularity has been steadily increasing as a dietary supplement. in terms of market trends, the growth of the functional food and beverage market has been increasing demand for beta-carotene, as more food and beverage companies have been fortifying their products with beta-carotene. with its wide range of health benefits, consumers have been increasingly opting for products with added beta-carotene, which has in turn increased the demand for the supplement in germany. furthermore, as the use of natural sources of beta-carotene continue to rise, demand for synthetic beta-carotene is expected to drop, further supporting the growth of the natural sources market in the country. overall, industry experts predict that the germany beta-carotene market outlook 2018 to 2032 is projected to witness an average annual growth rate of 5.4%, with demand expected to reach 36,622 metric tons by 2032. the steady rise in consumption of functional foods, as well as the increased availability of natural sources of beta-carotene, will continue to support market growth in the country.