What are the Latest Trends and Key Players in Xanthophyll Market
Xanthophyll Market Forecast and CAGR
According to latest research by Transparency Market Research, xanthophyll market is set to witness steady growth during 2021-2031. Demand for xanthophyll in food & beverages industry will witness increased in short-term, with optimistic growth outlook in the long-run. The market is projected to grow at a slow but steady pace in the forecast period.
What is Driving Demand for Xanthophyll?
Carotenoid such as xanthophyll, which is generally a direct derivative of plant-based sources including flower petals, plant leaf etc. has found its use in the food & beverages and animal husbandry industries as a colorant. The increasing demand for nature derived foods products and its useful utilization in a number of industries is what is increasing its demand.
The transparency that modern consumers demand has forced mammoth food manufacturers to prohibit or minimize the use of artificial coloring agents and preservatives. Another application of xanthophyll is as an anti-oxidant or a preservative in the food & beverages industry itself. And also, the general perception of associating color with a healthy animal and high quality products are adding to its increased utilization.
Workaholic living styles of the dominant population also calls for affordable and longer shelf-life products and the simultaneous needs for those foods to be nature derived is also aiding to its market expansion. The health benefits of carotenoids include protection and prevention against cancer, cardiovascular and cataracts owing to their use for supplementation and food fortification.
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Animal Husbandry Industry Likely to increase Xanthophyll Sale
The conventional trend of associating intense color of food with healthy animals as well as high quality of the product is most certainly enabling xanthophylls to be utilized as feed additives to generate products that caters to the customer’s dictate. The application in the poultry farming has also led to a surge in the demand for this natural stinger.
In poultry farming the product is increasingly introduced in the feed to ensure the yellow intensity or golden color to the egg yolk. Now with its proven potential as a colorant it is increasingly utilized in other coloring task in this industry.
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Europe Xanthophyll Market Outlook
The European Union consists of countries that are the leading exporter and producers of drugs and other medical utilities. For instance, Germany has exports in revenue equivalent to US$ 60 Bn which accounts for more than 16% of the global supply. But together the European Union converges to more than 50% of the pharma supply.
An industry which is so significant in the European Union may aid to a considerable market growth in the region. In the pharmaceuticals industry the xanthophyll is being studied for its effects on a wide variety of diseases including neurologic, oral, allergic and immune diseases. A significant utilization of this product is ascertained in the European pharmaceuticals industry.
The skincare and cosmetics industry utilization as a colorant is evident by the fact that France is the global leader in this industry. The exports from France to Asian countries are still unmatched and the high population in Asian countries makes it a lucrative business for manufacturers in the European marketplace.
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China Demand Outlook for Xanthophyll
China is the global leader in the production of poultry eggs and the second largest poultry meat producer as per Food and Agricultural Organization of the United Nations. China in 2019 alone produced more than 600 Bn eggs which converges to an expanding poultry industry in the country.This also brings on the potential for mass utilization of a colorant like xanthophyll in the poultry industry. Also, the food and beverages industry in the country is blooming with domestic as well as international market growths. The utilization of the product in this industry also, shows optimistic demand outlook.
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Who are the Key Manufacturers and Suppliers of Xanthophyll?
Some of the leading manufacturers and suppliers of xanthophyll includes Merck KGaA, Fengchen Group Co., Glentham Life Sciences Limited, A&A Pharmachem Inc., Hefei TNJ Chemical Industry Co. Ltd., Botanical Cube Inc., Flavour Trove and others.
The key manufacturers are providing their customers with options to customize the product according to their utilization. Xanthophyll is made available in either a dry extract form or a liquid concentrate form. They are also impressing on acquiring organic or natural labels and sell their products according to the new evolving market trends. More emphasis on Food & Beverages industry to utilize the product as a natural coloring agent.
