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Zeaxanthin Market (Nature - Organic, and Conventional; Form - Powder, Liquid/oil, and Beadlets; Source - Plant-based, Fermentation, Chemical, Synthesis, and Marine & Algal; End Use - Food Processing Industry, Pharmaceuticals, Cosmetics & Personal Care, Dietary Supplements, and Animal Feed): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : FB0285

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on zeaxanthin market provides an in-depth analysis of segments and sub-segments in the global as well as regional zeaxanthin market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional zeaxanthin market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global zeaxanthin market. According to the report, the global zeaxanthin market is projected to grow at a healthy CAGR over the forecast period of 2020-2026.

 

Market Insight

Zeaxanthin is a pigment that is formerly found in numerous plants such as leafy vegetables, flowers, paprika, and several other fruits and vegetables that we consume on a regular basis. It is one the most abundantly found carotenoids, major sources of zeaxanthin comprise spinach, green peas, kale, sweet corn among others. The zeaxanthin includes carotenoids that are essential for the human body to function appropriately. The carotenoids are known for their antioxidant property and zeaxanthin is utilized to treat eye glitches in combination with lutein. However, the production of zeaxanthin is also a major factor as the composition diverges from the original one. Moreover, the main source for producing zeaxanthin is marigold as it is a simply available raw material and a reasonable one. Due to the apparent eye and cardiovascular health benefits, zeaxanthin is vigorously added by most of the nutraceutical companies in their multivitamin formulations.

 

Due to the COVID-19 pandemic and the indefinite lockdown across several nations, the consumer food & beverage industry first showcase improved demand for household staples and healthy food items. The demand for functional food products witnessed a substantial surge during the early stages of the crisis. At present, most businesses in the industry are faced with low consumption of their products and supply chain troubles. The companies are focusing more on changing their supply chains in order to strengthen their online presence and delivery measures, in an attempt to adjust to the current business environment. Furthermore, the alterations in consumer purchasing behaviour and the dynamic shifts towards online distribution channels may have severe consequences on the near future growth of the industry.

 

The user awareness has augmented in recent times as they want to gain information about the products that they consume and are very well aware of the necessary nutrients required by the body other than the regular diet intake. This has led to the users taking additional supplements as a preventive measure. This is also because of increasing healthcare costs internationally. The usage of additional supplements in the day-to-day diet is more prevalent in developed nations. Furthermore, the usage of the zeaxanthin is mostly in the supplements in combination with lutein to cure eye-related glitches. Consequently, zeaxanthin associated products have become very popular particularly the dietary supplements that contain zeaxanthin. Moreover, the zeaxanthin supplements are majorly used by the aging population and the growing aging population has also led to its rising demand. Additionally, the zeaxanthin is also being utilized in the fortified food products for providing extra nutrition or in the beverages for functional tenacities. On the other hand, the stringent regulatory and approval norm of the products is hindering the market growth. 

 

Among the geographies, the European region is expected to hold the largest share in the global zeaxanthin market during the forecast period. Consumers prefer to use natural products over synthetic, due to rising health consciousness, awareness, and ill-effects of synthetic products in the Europe region. The Asia Pacific region is anticipated to show high growth owing to rising usage of these additives in feed, supplement, food, pharmaceutical, and cosmetic applications. The market is projected to be driven by technological advancements, economic growth, industrial growth, and low costs of production in countries such as Japan, China, and India. Furthermore, the rising middle-class population, educational development, and the increasing disposable incomes in the region have led to growing consumer awareness regarding the health benefits of zeaxanthin.

 

Segment Covered

The report on the global zeaxanthin market covers segments such as nature, form, source, and end use. On the basis of nature, the sub-markets include organic and conventional. On the basis of form, the sub-markets include powder, liquid/oil, and beadlets. On the basis of source, the sub-markets include plant-based, fermentation, chemical, synthesis, and marine & algal. On the basis of end use, the sub-markets include the food processing industry, pharmaceuticals, cosmetics & personal care, dietary supplements, and animal feed.

 

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, DSM N.V, Kemin Industries, Inc., LycoRed Ltd., Chrysantis, Inc., OmniActive Health Technologies, Kalsec, Valensa International, Zelang Medical Technology, and Bio-gen Extracts Pvt. Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the zeaxanthin market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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