Bottom Article Ad

Friday, September 3, 2021

Global Canthaxanthin Market to be Driven by Rising Demand from Cosmetics and Skin Care Applications in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Canthaxanthin Market Report and Forecast 2021-2026’, gives an in-depth analysis of the  Global Canthaxanthin Market, assessing the market based on its segments like product, application, end use and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2015-2026)

  • Historical Market Size (2020): USD 1.5 billion
  • Forecast CAGR (2021-2026): 4.5%
  • Forecast Market Size (2026): USD 2.0 billion

The global Canthaxanthin market grew steadily over the last few years, owing to increased demand for cosmetics and personal care products, as well as widespread adoption in animal feed applications.

Industry Definition and Major Segments

Canthaxanthin is a naturally occurring and synthetically generated colour that is a keto-carotenoid pigment and a powerful lipid soluble antioxidant. It has been found in sea trout, algae, salmon, mushrooms, and numerous flamingo species, among others. It can be made synthetically from acetone. It is commonly found in pharmaceuticals, cosmetics, and food colouring. It is also used in animal feed to enhance the colour of chicken skins, egg yolks, and salmons, among other things. Its market is further divided into segments such as:

Explore the full report with the table of contents@

The major sources of canthaxanthin are:

The market, on the basis of its applications, can be categorised into:

  • Food and Beverages
  • Animal Feed
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Dietary Supplements

The regional market for Canthaxanthin includes:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Latest News on Global Canthaxanthin Market@

Market Trends

Globally, because of increased skincare knowledge in nations such as the United States and Canada, canthaxanthin is commonly utilised in North America. Carophyll Red, a DSM Canthaxanthin supplement, has been labelled as Generally Recognized as Safe (GRAS). The US Food and Drug Administration has designated this supplement as a nutritive antioxidant for promoting the growth of chicken embryos (FDA). Canthaxanthin is well accepted and has been approved for use in a number of nations. Canthaxanthin is also used in Asia Pacific countries such as China, India, Japan, and Australia. It is due to increased urbanisation and health and personal hygiene awareness. Authorities in Japan and Europe have shown its safety by establishing Acceptable Daily Intake (ADI) levels to assure a low negative impact. Countries in Latin America, the Middle East, and Africa like canthaxanthin, and the market in these countries is expected to grow in the forecast period.

Cosmetics and personal care products contain canthaxanthin. As a result, rising demand for cosmetics and personal care goods, as well as increased consumer knowledge, are important drivers of market growth. Canthaxanthin pills are also used to treat skin problems and as tanning supplements. The increased demand for natural food colourants is also assisting the industry's expansion. Furthermore, the desire for visually appealing and high-quality poultry products boosts the need for canthaxanthin inclusion in animal feed, propelling market expansion.

Certain constraints and impediments will be faced, limiting total market expansion. Factors such as excessive oral canthaxanthin consumption cause a variety of negative effects in people, including blood problems and partial blindness. Furthermore, rigorous regulatory and licencing criteria are significant restrictions on the worldwide Canthaxanthin market's overall growth. Nonetheless, technological advancements and untapped potential in new markets provide excellent growth chances, in the forecast period.

Key Market Players

The major players in the global market are BASF SE, Koninklijke DSM N.V., Xi'an Wellgreen Technology Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Global Mannitol Market:

Global Coated Glass Market:

Global Hysterometers Market:

Global Conductive Inks Market:

Global Cocoa Products Market:

India Online Food Delivery Market:

MENA Maintenance, Repair, and Operations (MRO) Market:

Global Human Resource Management Market:

Middle East and Africa Basmati Rice Market:

Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market:

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

To Read our Latest Related blog:

Also Check Procurement Intelligence which provides you Infallible research solutions.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


Post a Comment