<P><B>Abstract</B></P> <P>β-Carotene is a terpenoid molecule with high hydrophobicity that is often used as an additive in foods and feed. Previous work has demonstrated the heterologous biosynthesis of β-carotene from an intrinsic high flux of acetyl-CoA in 12 steps through 11 genes in <I>Yarrowia lipolytica</I>. Here, an efficient biosynthetic pathway capable of producing 100-fold more β-carotene than the baseline construct was generated using strong promoters and multiple gene copies for each of the 12 steps. Using fed-batch fermentation with an optimized medium, the engineered pathway could produce 4g/L β-carotene, which was stored in lipid droplets within engineered <I>Y. lipolytica</I> cells. Expansion of these cells for squalene production also demonstrated that <I>Y. lipolytica</I> could be an industrially relevant platform for hydrophobic terpenoid production.</P> <P><B>Highlights</B></P> <P> <UL> <LI> The first time engineering <I>Yarrowia lipolytica</I> for heterologous β-carotene synthesis. </LI> <LI> β-carotene production titer achieved in this study is the highest level so far. </LI> <LI> <I>Y. lipolytica</I> has the potential to serve as an excellent host for hydrophobic terpenoids production. </LI> </UL> </P>