Xanthophy and Carotene Market – By Type, By Application, and By Region - 2029

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Published Date: May 2023

The global xanthophy and carotene market accounted for US$ XXX billion in 2019 and is estimated to be US$ XXX billion by 2029 and is anticipated to register a CAGR of XX.X%.

The report "Global Xanthophy and Carotene Market, By Type (Xanthophy, and Carotene), By Application (Food and Beverages, Feed Supplement, Cosmetic Additives, Drug and Health Products, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In June 2019, DDW The Color House acquired Du Pont Natural Colors (Denmark) to enhance the presence of the company in the global market. This acquisition would also help it expand its portfolio with new products.
In March 2019, Kemin Industries launched Organic KEM GLO, which is a USDA certified organic carotenoid that helps organic egg producers to intensify the colors of egg yolks. This would help the company to attain a leading position in the feed carotenoids market.

Analyst View:

Organic and Inorganic Growth Strategies

Various comapneis are focusing on organic growth strategies such as product launches, product approval and others such as patents and events. Inorganic growth strategies activities witnessed in market were acquisitions, and partnerships and collaborations. These activities have paved way for the expansion of business and customer base of market players. Awareness regarding the benefits of organic food consumption has increased, owing to the associated positive impacts on health, lifestyle, social convenience, and greater contribution in sustainable development.

Treatment of Vitamin A deficiency

Vitamin A (retinoic acid) is an important nutrient essential for vision, cell division, growth, immunity, and reproduction. It also has antioxidant properties that prevent the body cells against the toxic effects of free radicals produced during cellular metabolism. Vitamin A deficiency leads to vision impairments such as xerophthalmia and night blindness, impairs the immunity as well as hematopoiesis, and may cause rashes on the skin. Vitamin A deficiency is a prominent public health concern in various parts of the world, notably in Africa and Southeast Asia, affecting young children and pregnant women in low-income countries, which has increased the demand for carotenoids as a beneficial food additive. The preventive role of different carotenoids for vitamin A deficiency is reflecting favorably on their global consumption.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Xanthophy and Carotene Market”, By Type (Xanthophy, and carotene), By Application (Food and Beverages, Feed Supplement, Cosmetic Additives, Drug and Health Products, and Others) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global xanthophy and carotene market accounted for US$ XXX billion in 2019 and is estimated to be US$ XXX billion by 2029 and is anticipated to register a CAGR of XX.X%. The market report has been segmented on the basis of type, application, and region.

By type, the global market is segmented into xanthophy and carotene.
By application, the feed segment is projected to dominate the carotenoids market in terms of value. This is attributed to the extensive use of carotenoids in animal nutrition products. Carotenoids are incorporated in feed products to pigment the egg yolks, broiler skin, fishes, and crustaceans. Furthermore, due to the increasing demand for pork, poultry, and aquaculture products, key manufacturers are focusing on enhancing the appearance with the use of carotenoids.
By region, The Asia Pacific region is projected to record the highest growth during the forecast period. The rising demand for food and animal product consumption has led to the increased incorporation of carotenoids in the feed. The pharmaceutical sector is also witnessing significant growth in countries, such as China, India, and Japan, which in turn, is projected to contribute to the growth of the carotenoids market.

Competitive Landscape:

The prominent player operating in the global xanthophy and carotene market includes Allied Biotech, BASF, Chr Hansen, DSM, FMC Corporation, HJ-Rise International, LYCORED, Wuhan Stars, Zhejiang Medicine, Zixin.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period