Reports
Global Canthaxanthin Market Size, Share, Trends, Report: By Source: Natural, Synthetic; By Application: Food and Beverages, Animal Feed, Cosmetics and Personal Care, Pharmaceuticals, Dietary Supplements, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Canthaxanthin Market Outlook
The global canthaxanthin market is supported by the growth of carotenoids market, which attained a value of USD 1.75 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.5% to reach USD 2.60 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Demand for Animal Feeds to Bolster the Canthaxanthin Industry
The growth of the carotenoid market is substantial to the growth of the canthaxanthin industry. Carotenoids are a class of pigments responsible for the production of bright yellow, red, and orange colours in plants, vegetables, and fruits. Canthaxanthin, a keto carotenoid, is most widely used as an animal additive, a key ingredient for aqua-feed and pets. When supplemented in poultry feed, it not only provides yolks a good pigmentation but also improves the bird’s health and increases the life of the egg. Moreover, it reduces carbon footprints and increases sustainability.
Besides being an effective food colour agent, canthaxanthin is also attributed with nutraceutical importance. It has also been a food additive and cosmetic colourant. The rising demand for dietary supplicants in various developed countries such as Japan, South Korea, the United States, Russia, Canada, and Germany, among others, also aids the growth of the market. It also functions as a skin tone enhancement and reduces photosensitivity caused by various diseases, medications, and other conditions. It is used in the treatment of several skin problems, such as melasma, pigmentation disorder, vitiligo, skin lesions, and carotenemia, among others. The extensive oral use of canthaxanthin, however, can lead to various adverse effects on humans, such as blood disorders and partial blindness. However, the pigment, if supplemented moderately, is determined safe for use as an additive for animal feeds by Scientific Committee on Animal Nutrition and Scientific Committee on Food. The rising demand for skin treatments is aiding the market growth of canthaxanthin.
Canthaxanthin: Market Segmentation
Canthaxanthin, a keto-carotenoid pigment and potent lipid soluble antioxidant, is both naturally occurring and synthetically produced dye. It is identified in sea trout, algae, salmon, mushroom, and several species of flamingo, among others. It can be synthetically produced from acetone. It is generally used in medications, cosmetics, and food colouring. It is also added to animal feed to improve the colour of chicken skins, egg yolks, and salmons, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major sources of canthaxanthin are:
- Natural
- Synthetic
The market, on the basis of its applications, can be categorised into:
- Food and Beverages
- Animal Feed
- Cosmetics and Personal Care
- Pharmaceuticals
- Dietary Supplements
- Others
The EMR report looks into the regional markets of canthaxanthin like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Demand for Canthaxanthin in Cosmetics and Skin Care Products to Bolster the Market
Canthaxanthin is used in cosmetics and personal care products. Therefore, increasing demand for cosmetics and personal care products and consumer awareness are some of the significant drivers of the industry growth. Canthaxanthin pills are also used as tanning supplements and treatment of skin diseases. The rising demand for natural food colourants is also aiding the growth of the industry. Moreover, the demand for visually appealing and high-quality poultry products increases the demand for the inclusion of canthaxanthin in animal feed, further accelerating the market growth. The growing demand for natural products is also accelerating the growth of the market. Canthaxanthin not only occurs naturally but also provides strong pigmentation. Additionally, the industry is driven by the feed pigment market as it helps to improve the commercial value of animal feed by imparting colours to produces of animals. As the United States is one of the largest feed pigment markets, the canthaxanthin industry is flourishing robustly in the country and, as a result, contributing to the overall growth canthaxanthin industry.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Key Industry Players in the Global Canthaxanthin Market
The report presents a detailed analysis of the following key players in the global canthaxanthin market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BASF SE
- Koninklijke DSM N.V.
- Xi'an Wellgreen Technology Co., Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Application, Region |
| Breakup by Source | Natural, Synthetic |
| Breakup by Application | Food and Beverages, Animal Feed, Cosmetics and Personal Care, Pharmaceuticals, Dietary Supplements, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BASF SE, Koninklijke DSM N.V., Xi'an Wellgreen Technology Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Canthaxanthin Market Analysis
8.1 Key Industry Highlights
8.2 Global Canthaxanthin Historical Market (2018-2023)
8.3 Global Canthaxanthin Market Forecast (2024-2032)
8.4 Global Canthaxanthin Market by Source
8.4.1 Natural
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Canthaxanthin Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Animal Feed
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Cosmetics and Personal Care
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Pharmaceuticals
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Dietary Supplements
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Canthaxanthin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Canthaxanthin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Canthaxanthin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Canthaxanthin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Canthaxanthin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Canthaxanthin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Koninklijke DSM N.V.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Xi'an Wellgreen Technology Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Canthaxanthin Market: Key Industry Highlights, 2018 and 2032
2. Global Canthaxanthin Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Canthaxanthin Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Canthaxanthin Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Canthaxanthin Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Canthaxanthin Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Canthaxanthin Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Canthaxanthin Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Canthaxanthin Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Canthaxanthin Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Canthaxanthin Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Canthaxanthin Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Canthaxanthin Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Canthaxanthin Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Canthaxanthin Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Canthaxanthin Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Canthaxanthin Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Canthaxanthin Market Structure
Key Questions Answered in the Report
The global canthaxanthin market is supported by the growth of carotenoids market, which attained a value of nearly USD 1.75 billion in 2023.
The market is supported by the growth of carotenoids industry, which is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The carotenoids market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.60 billion by 2032, supporting the growth of the canthaxanthin industry.
The market is being driven by rising carotenoid market, cosmetic and skin care market, and growing demand for natural products.
The key trends influencing the market include rising consumer awareness, increasing use of dietary supplements, and growing demand for high-quality poultry products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major sources of canthaxanthin in the market are natural and synthetic.
The leading applications of canthaxanthin in the market are food and beverages, animal feed, cosmetic and personal care, pharmaceuticals, and dietary supplements, among others.
The key players in the global canthaxanthin market are BASF SE, Koninklijke DSM N.V., and Xi’an Wellgreen Technology Co., Ltd., among others.
Analyst Review
The global canthaxanthin market is supported by carotenoids market, which attained a value of USD 1.75 billion in 2023, driven by the rising demand of cosmetics and skin care products. Aided by the growing use of dietary supplements and the rising demand of high-quality poultry products, the carotenoids market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%, supporting the growth of the canthaxanthin industry. The market is supported by carotenoids market, which is projected to reach USD 2.60 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its sources, the canthaxanthin industry can be segmented into natural and synthetic. On the basis of applications, the industry is divided into food and beverages, animal feed, cosmetic and personal care, pharmaceuticals, and dietary supplements, among others. The major regional markets for canthaxanthin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Koninklijke DSM N.V., and Xi’an Wellgreen Technology Co., Ltd., among others
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER