Canthaxanthin Market Size - By Source (Synthetic, Natural), By Application (Dietary Supplement, Personal Care, Pharmaceuticals, Food & Beverages, Animal Feed {Aquaculture, Livestock, Pets}), Growth Prospects, Regional Outlook & Forecast, 2024 - 2032

PUBLISHED: January 12, 2024

PAGES: 300 Pages

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Global Canthaxanthin Market size will witness over 2.6% CAGR between 2024 and 2032 due to the increasing number of product launches containing this potent antioxidant from leading companies. As consumer awareness grows about the health benefits of Canthaxanthin, its inclusion in various products such as supplements, cosmetics, and food additives has soared.

For instance, in July 2022, AstaReal introduced a new product, NOVASTA(R) EB15, into the EU market, offering a microalgae meal rich in astaxanthin. Derived from Haematococcus pluvialis, this pure algal flour boasted a blend of astaxanthin, essential proteins, including Canthaxanthin, carbohydrates, and fatty acids, in addition to other beneficial carotenoids. Designed as a complement to NOVASTA(R) biomass, it aimed to enhance animal health naturally. This trend reflects a shift towards prioritizing natural ingredients with proven benefits. With leading companies embracing Canthaxanthin, the market is poised for continued growth, meeting the evolving demands of health-conscious consumers.

The overall Canthaxanthin Industry is classified based on the source, application, and region.

Natural segment will record significant progression from 2024 to 2032. With consumers increasingly inclined towards products derived from natural origins, the demand for Canthaxanthin sourced from natural sources such as algae, fungi, and certain plants is on the rise. This trend is fueled by the perception of natural ingredients being healthier and more sustainable. As a result, industries are shifting towards incorporating natural Canthaxanthin into various products, catering to the evolving consumer preferences worldwide.

Canthaxanthin market size from the pharmaceutical segment will register a noteworthy CAGR from 2024 to 2032. Renowned for its antioxidant properties and potential health benefits, Canthaxanthin is increasingly sought after for its pharmaceutical applications. Research suggests its potential in areas such as eye health, skin protection, and even cancer prevention. Pharmaceutical companies are exploring Canthaxanthin's therapeutic uses, driving demand for this compound. As the quest for innovative treatments continues, Canthaxanthin emerges as a promising candidate, fueling its demand in the pharmaceutical industry.

Europe canthaxanthin industry will showcase a commendable CAGR from 2024 to 2032. This increase is attributed to various factors, including the rising consumer awareness regarding the compound's health benefits and its versatile applications across food, cosmetics, and pharmaceutical industries. Additionally, stringent regulations promoting natural ingredients and the growing preference for sustainable products further drive the demand for Canthaxanthin sourced from natural origins. As European consumers prioritize health-conscious choices, the market for Canthaxanthin continues to expand, presenting opportunities for growth and innovation within the region.

Product Code: 799

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Canthaxanthin market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Source trends
2.5 Application trends

Chapter 3 Canthaxanthin Industry Insights

3.1 Industry ecosystem analysis
3.2 Technological overview
3.3 Key news and initiatives
- 3.3.1 Partnership/Collaboration
- 3.3.2 Merger/Acquisition
- 3.3.3 Investment
- 3.3.4 Product launch & innovation
3.4 Regulatory landscape
3.5 Impact forces
- 3.5.1 Growth drivers
- 3.5.2 Industry pitfalls & challenges
3.6 Key supplier analysis
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Market Estimates & Forecast, By Product source, 2018-2032 (USD Million)(Tons)

5.1 Key trends
5.2 Synthetic
5.3 Natural

Chapter 6 Market Estimates & Forecast, By Application, 2018-2032 (USD Million)(Tons)

6.1 Key trends
6.2 Dietary Supplement
6.3 Personal Care
6.4 Pharmaceuticals
6.5 Food & Beverages
6.6 Animal feed
- 6.6.1 Aquaculture
- 6.6.2 Livestock
- 6.6.3 Pets

Chapter 7 Market Estimates & Forecast, By Region, 2018-2032 (USD Million)(Tons)

7.1 Key trends
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Malaysia
- 7.4.7 Indonesia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa

Chapter 8 Company Profiles

8.1 DSM
8.2 BASF
8.3 Novepha Company
8.4 Zipont Chem Tech
8.5 Novus International
8.6 Noshly
8.7 Parchem
8.8 ZMC
8.9 Guangzhou Wisdom Biotechnology
8.10 Hangzhou Onicon Chemical

Product Code: 799

Data Tables

TABLE 1. Product mapping
TABLE 2. Market revenue, by source (2022)
TABLE 3. Market revenue, by application (2022)
TABLE 4. Market revenue, by region (2022)
TABLE 5. Global canthaxanthin market size, 2018 - 2032 (USD Million)
TABLE 6. Global canthaxanthin market size, 2018 - 2032 (Tons)
TABLE 7. Global canthaxanthin market size, by region, 2018 - 2032 (USD Million)
TABLE 8. Global canthaxanthin market size, by region, 2018 - 2032 (Tons)
TABLE 9. Global canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 10. Global canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 11. Global canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 12. Global canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 13. Industry impact forces
TABLE 14. North America canthaxanthin market size, by country, 2018 - 2032 (USD Million)
TABLE 15. North America canthaxanthin market size, by country, 2018 - 2032 (USD Million)
TABLE 16. North America canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 17. North America canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 18. North America canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 19. North America canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 20. U.S. canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 21. U.S. canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 22. U.S. canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 23. U.S. canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 24. Canada canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 25. Canada canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 26. Canada canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 27. Canada canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 28. Europe canthaxanthin market size, by country, 2018 - 2032 (USD Million)
TABLE 29. Europe canthaxanthin market size, by country, 2018 - 2032 (Tons)
TABLE 30. Europe canthaxanthin market size, by country, 2018 - 2032 (USD Million)
TABLE 31. Europe canthaxanthin market size, by country, 2018 - 2032 (Tons)
TABLE 32. Europe canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 33. Europe canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 34. Europe canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 35. Europe canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 36. Germany canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 37. Germany canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 38. Germany canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 39. Germany canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 40. UK canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 41. UK canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 42. UK canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 43. UK canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 44. France canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 45. France canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 46. France canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 47. France canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 48. Spain canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 49. Spain canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 50. Spain canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 51. Spain canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 52. Italy canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 53. Italy canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 54. Italy canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 55. Italy canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 56. Asia Pacific canthaxanthin market size, by country, 2018 - 2032 (USD Million)
TABLE 57. Asia Pacific canthaxanthin market size, by country, 2018 - 2032 (Tons)
TABLE 58. Asia Pacific canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 59. Asia Pacific canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 60. Asia Pacific canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 61. Asia Pacific canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 62. China canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 63. China canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 64. China canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 65. China canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 66. China canthaxanthin market size, by drive mechanism, 2018 - 2032 (USD Million)
TABLE 67. China canthaxanthin market size, by drive mechanism, 2018 - 2032 (Tons)
TABLE 68. China canthaxanthin market size, by distribution channel, 2018 - 2032 (USD Million)
TABLE 69. China canthaxanthin market size, by distribution channel, 2018 - 2032 (Tons)
TABLE 70. Japan canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 71. Japan canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 72. Japan canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 73. Japan canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 74. India canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 75. India canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 76. India canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 77. India canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 78. Australia canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 79. Australia canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 80. Australia canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 81. Australia canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 82. South Korea canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 83. South Korea canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 84. South Korea canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 85. South Korea canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 86. Indonesia canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 87. Indonesia canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 88. Indonesia canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 89. Indonesia canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 90. Malaysia canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 91. Malaysia canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 92. Malaysia canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 93. Malaysia canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 94. Latin America canthaxanthin market size, by country, 2018 - 2032 (USD Million)
TABLE 95. Latin America canthaxanthin market size, by country, 2018 - 2032 (Tons)
TABLE 96. Latin America canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 97. Latin America canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 98. Latin America canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 99. Latin America canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 100. Brazil canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 101. Brazil canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 102. Brazil canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 103. Brazil canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 104. Brazil canthaxanthin market size, by drive mechanism, 2018 - 2032 (USD Million)
TABLE 105. Brazil canthaxanthin market size, by drive mechanism, 2018 - 2032 (Tons)
TABLE 106. Mexico canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 107. Mexico canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 108. Argentina canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 109. Argentina canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 110. Argentina canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 111. Argentina canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 112. MEA canthaxanthin market size, by country, 2018 - 2032 (USD Million)
TABLE 113. MEA canthaxanthin market size, by country, 2018 - 2032 (Tons)
TABLE 114. MEA canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 115. MEA canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 116. MEA canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 117. MEA canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 118. South Africa canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 119. South Africa canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 120. South Africa canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 121. South Africa canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 122. UAE canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 123. UAE canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 124. UAE canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 125. UAE canthaxanthin market size, by application, 2018 - 2032 (Tons)
TABLE 126. Saudi Arabia canthaxanthin market size, by source, 2018 - 2032 (USD Million)
TABLE 127. Saudi Arabia canthaxanthin market size, by source, 2018 - 2032 (Tons)
TABLE 128. Saudi Arabia canthaxanthin market size, by application, 2018 - 2032 (USD Million)
TABLE 129. Saudi Arabia canthaxanthin market size, by application, 2018 - 2032 (Tons)