Carotenoid Growth Supporting Leading Companies in Global Canthaxanthin Market

BASF SE, Koninklijke DSM N.V., and Xi’an Wellgreen Technology Co., Ltd., among others, are the major players in the global market for canthaxanthin.

As per the analysis by Expert Market Research, the global canthaxanthin market is driven by the growth of carotenoids market, which is expected to grow in the forecast period of 2022-2027 at a CAGR of 4.5%.

Canthaxanthin is a keto carotenoid used as a key ingredient in pets and aqua feed. It also acts a supplement in poultry feed, providing good pigmentation to the yolk, and improving the health of the bird, in addition to increasing the egg’s shelf life.

Increasing demand for dietary supplements in many developed countries like Japan, the United States, and Canada, are aiding the growth of the market. It is also used as a food additive and cosmetic colourant. A major market share is accounted for by the applications of canthaxanthin in the food and beverages and animal feed sector. The rise in demand for skin treatments is also aiding the growth of the canthaxanthin market. Canthaxanthin is used in personal care and cosmetics products. As a result, rising consumer awareness and rising demand for cosmetics and personal care goods are some of the key factors influencing the industry's expansion.

Additionally, the demand for aesthetically pleasing and premium poultry products raises the need for canthaxanthin inclusion in animal feed, further propelling market expansion. The market is expanding more quickly as a result of the rising demand for natural products. The market for feed pigments propels the industry since it enhances the value of animal feed by giving animal products colour.

Scratch Patch, a new skin care active ingredient from BASF that promotes mental wellbeing, was introduced in April 2021. It is based on BASF's MicroPatch technology, which can assist in the development of skin care products that are effective while prioritising the mental health of their clients. The new skin care product from BASF is based on sacran, a naturally occurring large molecular polysaccharide that is obtained from the Japanese spring water algae Aphanothece sacrum. Sacran is long recognised for its calming and anti-inflammatory effects.

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Top 3 Global Canthaxanthin Companies:

BASF SE

BASF SE has approximately 1,10,000 employees working for them. Their business segments are chemicals, nutrition and care, industrial solutions, materials, agricultural solutions, and surface technologies. BASF’s Lucantin Red (canthaxanthin) is its most important substance for broiler skin pigmentation. In poultry, it is used to give red colour tinge to broiler skin and egg yolks. BASF also recommends Lucatin Red for aquaculture because red pigments play an important role for fishes to camouflage and communicate.

Koninklijke DSM N.V.

DSM is a multinational corporation active in health, nutrition, and materials fields. The nutrition unit comprises of its nutritional products, food specialties and hydrocolloids. It also provides solutions for industries such as food and beverage, animal nutrition and feed, medical nutrition, dietary supplements, and personal care. The material unit comprises of engineering materials and protective materials. The company constantly invests in innovation and science-based technologies to make sustainable animal production possible. They have an experience of over 50 years in the effective use of carotenoid which benefits both animals and humans.

Xi'an Wellgreen Technology Co., Ltd.

Wellgreen Technology Co., Ltd. has nearly 20 years of research and development manufacturing experience in APIS, food and feed industries, nutritional supplements, and herbal extracts for pharmaceutical cosmetics. It produces canthaxanthin powder which has the capability to change the skin of poultry and fat as an antioxidant. Their local factory and laboratory provide customers with high quality of curcumin. It also produces suitable compounds for adding to premixes, granules, and powders, among others, to increase the brightness of the skin, ketone, feet, bodies, eggs. They have established a close business partnership with Schering Pharmaceutical Ltd, Dr. Reddy, Cardinal Health Inc., and GSK.

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