Canthaxanthin Market 2024 Segmentation, Application, Technology & Industry Analysis
MarketStudyReport.com Adds New Canthaxanthin Market 2018 – 2024 research report providing information By Source (Synthetic, Natural), By Application (Dietary Supplement, Personal Care, Pharmaceuticals, Food & Beverages, Animal Feed {Aquaculture, Livestock, Pets}) & Forecast spreading across 277 Pages with table and figures in it.
Market Study Report recently introduced new title on “2018-2024 Global Canthaxanthin Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
Canthaxanthin market growth is the result of efforts made by various organization in the previous decades. Joint FAO/WHO Expert Committee on Food Additives (JECFA) studied and evaluated the safety intake of the product and effect on the human body in 1995. The committee allocated Acceptable Daily Intake (ADI) was 0-0.03 mg/kg of human body weight. In 2000, JECFA also evaluated indirect intake of canthaxanthin into consideration owing to excess usage in animal and poultry feed additives for pigmentation purpose.
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Scope of Report
The Canthaxanthin Market Report gives a clear picture of the current situation of the market which covers global industry analysis, size, share, growth, trends, key statistics and forecast Till 2024. The report on global Canthaxanthin Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research.
Natural and synthetic are the two sources through which canthaxanthin is extracted and produced for commercial applications. Synthetically sourced products dominated the overall industry owing to its early adoption and cost-effective production procedure. Natural sourced product?s ingredients include mushrooms, seaweed, microorganisms and so on. The product is gaining popularity due to increasing consumer consciousness. However, lack of colour standardization and usage in a large quantity are major factors limiting product adoption as compared to its counterpart.
Extensive usage in animal feed applications along with rising demand from personal care & cosmetic products will primarily drive the industry growth over the forecast timeframe. The product is highly used for colour enhancement in egg yolks, salmon, trout, chicken and others. Moreover, it is increasingly being adopted for treating various problems in human beings such as rashes and itching caused due to sun exposure, owing to its medicinal properties. The customers are continuously shifting towards the consumption of quality meat and dairy products, further positively impacting the canthaxanthin market over the next six years.
Dietary supplements dominated the industry share with 36.7% of the global canthaxanthin market in 2017. Rising demand from applications such as dietary supplements, particularly from the elderly population across the globe will drive the industry growth. They are the prominent users of preventive medications, thereby improving the product sales. Moreover, surging carotenoids industry owing to their health benefits will enhance visibility of the product.
Pharmaceutical applications will witness highest ability to capture owing to its relatively smaller market in 2017. Increasing product adoption in pharmaceutical applications due to its notable antioxidant properties will propel the industry growth. In addition, product innovations in drugs for treatment of various skin diseases will support the industry demand. For instance, canthaxanthin has been widely used in tanning pills.
Personal care applications will witness highest growth potential in the next six years. The growth is mainly driven by increasing consumer spending on personal care and cosmetic products. Strong outlook for canthaxanthin in cosmetic products for skin tone enhancement will support the industry growth. Moreover, canthaxanthin uses in combination with other carotenoids for cosmetic applications will provide positive outlook for industry demand.
Top Manufacturers in global market are given bellow: DSM, BASF, Novepha Company, Zipont Chem Tech, Novus International, Noshly, Parchem, ZMC, Guangzhou Wisdom Biotechnology, and Hangzhou Onicon Chemical
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The above information is provided on a regional and country basis for the following: U.S., Canada, Germany, UK, France, Italy, Norway, Denmark, Turkey, Ireland, Spain, China, Japan, India, South Korea, Malaysia, Thailand, Indonesia, Vietnam, Brazil, Mexico, Argentina, Chile, Ecuador, Saudi Arabia, UAE, South Africa, Egypt, Iran
Table of Content@
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Commercial Drone Industry Insights
Chapter 4. Competitive Landscape
Continued@........................
Data Tables
TABLE 1. Canthaxanthin industry 3600 synopsis, 2013 – 2024
TABLE 2. Canthaxanthin market volume and revenue, 2013 – 2017, (Tons) (USD Million)
TABLE 3. Canthaxanthin market volume and revenue, 2018 – 2024, (Tons) (USD Million)
TABLE 4. Canthaxanthin market volume by source, 2013 - 2017 (Tons)
TABLE 5. Canthaxanthin market volume by source, 2018 - 2024 (Tons)
TABLE 6. Canthaxanthin market revenue by source, 2013 - 2017 (USD Million)
TABLE 7. Canthaxanthin market revenue by source, 2018 - 2024 (USD Million)
TABLE 8. Canthaxanthin market volume by application, 2013 - 2017 (Tons)
TABLE 9. Canthaxanthin market volume by application, 2018 - 2024 (Tons)
TABLE 10. Canthaxanthin market revenue by application, 2013 - 2017 (USD Million)
TABLE 11. Canthaxanthin market revenue by application, 2018 - 2024 (USD Million)
TABLE 12. Canthaxanthin market volume by region, 2013 - 2017 (Tons)
TABLE 13. Canthaxanthin market volume by region, 2018 - 2024 (Tons)
TABLE 14. Canthaxanthin market revenue by region, 2013 - 2017 (USD Million)
TABLE 15. Canthaxanthin market revenue by region, 2018 - 2024 (USD Million)
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