Global Zeaxanthin By Product Type (Synthetic Zeaxanthin and Natural Zeaxanthin), Form (Oil, Powder and Bead-lets), End User (Dietary Supplement, Food and Beverage, Cosmetics and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Zeaxanthin Market
Data Bridge Market Research analyses that the global zeaxanthin market will project a CAGR of 8.20% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, rising consumer consciousness towards products with high nutritional value, and growing personal disposable income by the major companies are the major factors attributable to the growth of zeaxanthin market.
Zeaxanthin belongs to the class of carotenoids, the consumption of which results in the reduction of age related macular degeneration (AMD). Zeaxanthin is the most abundant form of carotenoid. Age related macular degeneration (AMD) is a root cause for eye blindness. Therefore, zeaxanthin can be consumed in the form of dietary supplements or other pharmaceutical drugs. The major sources of zeaxanthin are the green vegetables such as spinach, cabbage, broccoli, kale, peas and so on. Zeaxanthin in fruits and vegetables is responsible for their color and can also be found in plants.
Rising personal disposable income and growing awareness about the sources of zeaxanthin are the major factors fostering the growth of the zeaxanthin market. Changing lifestyle, shifting consumer preference from high calorie food items to healthy food and beverages at reasonable prices and ever-rising global geriatric population are other important factors acting as zeaxanthin market growth determinants. Rising prevalence of eye related disorders, growth in the demand for natural and organic food items and drinks, and surge in the demand for cosmetics and other skin care related products will further induce growth in the zeaxanthin market value. Rising focus of the advacements in science and technology and increased application by the pharmaceutical industry will also carve the way for the growth of zeaxanthin market.
However, stringent regulations in regards to the approval will pose a major challenge to the growth of the zeaxanthin market. Lack of awareness in the underdeveloped economies will further restrict the scope of growth for the trail mix snacks market. Fluctuations in the prices of pharmaceutical packaging materials and lack of standardized supply chain in developing countries among the vendors have further adversely affected the demand and supply of zeaxanthin.
This zeaxanthin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on zeaxanthin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Zeaxanthin Market Scope and Market Size
The zeaxanthin market is segmented on the basis of product type, form, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the global zeaxanthin market is segmented into synthetic zeaxanthin and natural zeaxanthin.
- On the basis of form, the global zeaxanthin market is segmented into oil, powder and bead-lets.
- On the basis of end user, the global zeaxanthin market is segmented into dietary supplement, food and beverage, cosmetics, and others. Others segment is further sub-segmented into nutraceuticals and others.
Zeaxanthin Market Country Level Analysis
The zeaxanthin market is analyses and market size, volume information is provided by country, product type, form, and end user as referenced above.
The countries covered in the zeaxanthin market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the zeaxanthin market and will continue to excel its dominance during the forecast period. Germany, Denmark and Netherlands will emerge as the major contributors from this region as they are the homes to many manufacturers. Asia-Pacific on the other hand will project the highest CAGR owing to rising eye related diseases/ disorders, increasing awareness about zeaxanthin, urbanization, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the zeaxanthin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Zeaxanthin Market Share Analysis
The zeaxanthin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to zeaxanthin market.
The major players covered in the zeaxanthin market report are BASF SE, DSM, Kemin Industries, Inc., Lycored, Chrysantis, Inc., Shaanxi Xinheng-Longteng Bio-Tech, Nanjing Zelang Medical Technology Co. Ltd, Inner Mongolia Ever Brilliance Biotechnology Co., Ltd, Valensa International, OmniActive Health Technologies, IOSA Industrial Orgánica of Av., Kalsec, Inc., Bio-gen Extracts Private Limited, Zhengzhou Meiya Chemical Products Co. Ltd., Novus International, Inc., Bausch & Lomb Incorporated, Sabinsa., KINGHERBS, Chr. Hansen Holding A/S and Cayman Chemical among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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