Canthaxanthin Market Size – Industry Share Report, 2024

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Canthaxanthin Market - Industry Analysis Report,
Regional Outlook, Application Development
Potential, Price Trends, Competitive Market Share
Forecast by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Canthaxanthin Market

• The global carotenoids market generated at over
  USD 1.15 billion business in 2015 and may
  register over USD 1.65 billion by 2024, with
  gains at above 3.5
• APAC accounted for over 30 of the global dietary
  supplements market share in 2015.
• Global animal feed may show significant gains at
  over 4.5 CAGR by 2024.
• Asia Pacific food beverages industry, with
  growth in India and China, may generate over USD
  60 billion business by 2024. It is used as color
  additives in foods.

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Application Analysis of Canthaxanthin Market

• Rising consumer inclination towards various food
  products such as baby ingredients, breakfast
  cereal, dairy, fruit vegetable, meat, snacks,
  bakery and confectionery industries should drive
  canthaxanthin market size growth.
• Carotenoids are gaining growth due to its
  benefits regarding easy availability and health
  benefits offered with zeaxanthin, lycopene, beta
  carotene, lutein and canthaxanthin.
• Rise in livestock production owing to rise in
  fish and meat consumption should drive
  canthaxanthin market size. Pigmentation is also
  considered as an important criterion for consumer
  buying perception after freshness parameter.
• Increasing consumer interest in nutritional and
  healthy diet owing to food ingredients
  consumption should drive dietary supplements
  market and favor canthaxanthin marker size.

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Competitive Market Share of Canthaxanthin Market

• Key industrial players in global canthaxanthin
  market share include BASF, DSM and Allied Biotech
  Corporation.
• Other prominent companies include DaXingAnLing
  Koralle Bioengineering, Hangzhou Onicon Chemical,
  Zipontchem and Guangzhou Wisdom Biotechnology.

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