Canthaxanthin, due to its antioxidant properties, is used in the treatment of various skin diseases. It is also effective for the treatment of a rare genetic disease called erythropoietic protoporphyria (EPP), in which sunlight exposure could cause skin reactions, such as rash, itch, and eczema. It is resistant to sunlight and is prominently used to reduce sun sensitivity. It also provides artificial tanning. Moreover, the pigment is widely demanded by the food industry and provides colours to various food and beverages. It is prominently used as a colour additive in products such as baked goods, ice-creams, fruit drinks, and ketchup, among others.
As the demand for healthier and tastier convenient food alternatives is prospering, the canthaxanthin industry is also witnessing robust growth because of its nutritional value for both humans and animals. The Asia Pacific region is one of the rapidly flourishing markets owing to the dense population and the rise of alternative farming methods, such as poultry farming and aqua-farming, among others. China, India, Japan, and Vietnam are some of the significant markets, which are expected to thrive in the forecast period.
BASF SE (ETR: BAS), one of the leading players, launched a series of new products, Lucantin® NXT, in August 2018, which offers high homogeneity, outstanding stability, and longer shelf life. Lucantin® Red is most commonly used in aquaculture and poultry farming and offers bio-available, stable and cost-effective products. It is mixed with animal feed and absorbed by the metabolism to give an attractive colour to the final product. Canthaxanthin neutralises the oxidative particles and boosts the antioxidant capacity of eggs, and further enhances the fertility and survival of the embryo. Innovations such as these not only open the door for future development but are also catalysing the market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global market for canthaxanthin market are BASF SE, Koninklijke DSM N.V., and Xi’an Wellgreen Technology Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124