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Canthaxanthin Market Growth, Size, Trends Analysis- By Source, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

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  • DSM
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KSA 25.05.29

Canthaxanthin Market Introduction and Overview

According to SPER market research, 'Global Canthaxanthin Market Size- By Source, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Canthaxanthin Market is predicted to reach 184.1 Million by 2034 with a CAGR 2.86%.

Canthaxanthin is a carotenoid pigment found in various organisms, including algae, fungi, and certain animals. Known for its vibrant orange-red color, it is widely utilized in industries such as food, cosmetics, and animal feed. In the food sector, it enhances the color of egg yolks, fish, and poultry. In cosmetics, it is used to create a tan-like effect on the skin. Canthaxanthin also offers medicinal benefits, helping to treat skin conditions like rashes and itching.

Restraints: The Canthaxanthin market faces several challenges that could impede its growth. A key issue is the regulatory restrictions on its use, especially in food and dietary supplements, due to ongoing safety concerns about its consumption in large quantities. Additionally, the limited availability of natural canthaxanthin sources results in high production costs, leading to a preference for synthetic alternatives, which are less environmentally sustainable. The market is also hindered by a lack of widespread awareness of the product's benefits.

Scope of the Report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Source, By Application.

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.

Companies Covered BASF, DSM, Guangzhou Wisdom Biotechnology, Hangzhou Onicon Chemical, Noshly, Novepha Company, Novus International, Parchem, Zipont Chem Tech, and ZMC, along with several other players in the industry.

Canthaxanthin Market Segmentation:

By Source: Based on the Source, Global Canthaxanthin Market is segmented as; Synthetic, Natural.

By Application: Based on the Application, Global Canthaxanthin Market is segmented as; Dietary Supplement, Personal Care, Pharmaceuticals, Food & Beverages, Animal feed.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

Table of Contents

1. Introduction

  • 1.1. Scope of the report
  • 1.2. Market segment analysis

2. Research Methodology

  • 2.1. Research data source
    • 2.1.1. Secondary Data
    • 2.1.2. Primary Data
    • 2.1.3. SPERs internal database
    • 2.1.4. Premium insight from KOLs
  • 2.2. Market size estimation
    • 2.2.1. Top-down and Bottom-up approach
  • 2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

  • 4.1. Driver, Restraint, Opportunity and Challenges analysis
    • 4.1.1. Drivers
    • 4.1.2. Restraints
    • 4.1.3. Opportunities
    • 4.1.4. Challenges

5. Market variable and outlook

  • 5.1. SWOT Analysis
    • 5.1.1. Strengths
    • 5.1.2. Weaknesses
    • 5.1.3. Opportunities
    • 5.1.4. Threats
  • 5.2. PESTEL Analysis
    • 5.2.1. Political Landscape
    • 5.2.2. Economic Landscape
    • 5.2.3. Social Landscape
    • 5.2.4. Technological Landscape
    • 5.2.5. Environmental Landscape
    • 5.2.6. Legal Landscape
  • 5.3. PORTERs Five Forces
    • 5.3.1. Bargaining power of suppliers
    • 5.3.2. Bargaining power of buyers
    • 5.3.3. Threat of Substitute
    • 5.3.4. Threat of new entrant
    • 5.3.5. Competitive rivalry
  • 5.4. Heat Map Analysis

6. Competitive Landscape

  • 6.1. Global Canthaxanthin Market Manufacturing Base Distribution, Sales Area, Product Type
  • 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Canthaxanthin Market

7. Global Canthaxanthin Market, By Source, (USD Million) 2021-2034

  • 7.1. Synthetic
  • 7.2. Natural

8. Global Canthaxanthin Market, By Application, (USD Million) 2021-2034

  • 8.1. Dietary Supplement
  • 8.2. Personal Care
  • 8.3. Pharmaceuticals
  • 8.4. Food & Beverages
  • 8.5. Animal feed
    • 8.5.1. Aquaculture
    • 8.5.2. Livestock
    • 8.5.3. Pets

9. Global Canthaxanthin Market, (USD Million) 2021-2034

  • 9.1. Global Canthaxanthin Market Size and Market Share

10. Global Canthaxanthin Market, By Region, 2021-2034 (USD Million)

  • 10.1. Asia-Pacific
    • 10.1.1. Australia
    • 10.1.2. China
    • 10.1.3. India
    • 10.1.4. Japan
    • 10.1.5. South Korea
    • 10.1.6. Rest of Asia-Pacific
  • 10.2. Europe
    • 10.2.1. France
    • 10.2.2. Germany
    • 10.2.3. Italy
    • 10.2.4. Spain
    • 10.2.5. United Kingdom
    • 10.2.6. Rest of Europe
  • 10.3. Middle East and Africa
    • 10.3.1. Kingdom of Saudi Arabia
    • 10.3.2. United Arab Emirates
    • 10.3.3. Qatar
    • 10.3.4. South Africa
    • 10.3.5. Egypt
    • 10.3.6. Morocco
    • 10.3.7. Nigeria
    • 10.3.8. Rest of Middle-East and Africa
  • 10.4. North America
    • 10.4.1. Canada
    • 10.4.2. Mexico
    • 10.4.3. United States
  • 10.5. Latin America
    • 10.5.1. Argentina
    • 10.5.2. Brazil
    • 10.5.3. Rest of Latin America

11. Company Profile

  • 11.1. BASF
    • 11.1.1. Company details
    • 11.1.2. Financial outlook
    • 11.1.3. Product summary
    • 11.1.4. Recent developments
  • 11.2. DSM
    • 11.2.1. Company details
    • 11.2.2. Financial outlook
    • 11.2.3. Product summary
    • 11.2.4. Recent developments
  • 11.3. Guangzhou Wisdom Biotechnology
    • 11.3.1. Company details
    • 11.3.2. Financial outlook
    • 11.3.3. Product summary
    • 11.3.4. Recent developments
  • 11.4. Hangzhou Onicon Chemical.
    • 11.4.1. Company details
    • 11.4.2. Financial outlook
    • 11.4.3. Product summary
    • 11.4.4. Recent developments
  • 11.5. Noshly
    • 11.5.1. Company details
    • 11.5.2. Financial outlook
    • 11.5.3. Product summary
    • 11.5.4. Recent developments
  • 11.6. Novepha Company
    • 11.6.1. Company details
    • 11.6.2. Financial outlook
    • 11.6.3. Product summary
    • 11.6.4. Recent developments
  • 11.7. Novus International
    • 11.7.1. Company details
    • 11.7.2. Financial outlook
    • 11.7.3. Product summary
    • 11.7.4. Recent developments
  • 11.8. Parchem
    • 11.8.1. Company details
    • 11.8.2. Financial outlook
    • 11.8.3. Product summary
    • 11.8.4. Recent developments
  • 11.9. Zipont Chem Tech
    • 11.9.1. Company details
    • 11.9.2. Financial outlook
    • 11.9.3. Product summary
    • 11.9.4. Recent developments
  • 11.10. ZMC
    • 11.10.1. Company details
    • 11.10.2. Financial outlook
    • 11.10.3. Product summary
    • 11.10.4. Recent developments
  • 11.11. Others

12. Conclusion

13. List of Abbreviations

14. Reference Links

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