Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the 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.
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 showcases 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 behavior 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 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 fortified food
products for providing extra nutrition or in 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 the 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.
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.
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.
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 forecasts 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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