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Canthaxanthin Market to Record Substantial Growth with Healthy CAGR By 2032

Canthaxanthin is a pigment that gives carrots their orange colour. It can be obtained naturally or through laboratory-based synthetic processes. Its main application is to help people with Erythropoietic Protoporphyria (EPP), a rare genetic disease, reduce their sensitivity to direct sunlight, also known as photosensitivity. People with EPP are more susceptible to sun-induced skin reactions like itch, rash, and eczema. Deposits of canthaxanthin beneath the skin produce an artificial tan with antioxidant activity, protecting the skin from sun sensitivity. Furthermore, to improve the colour of egg yolks and chicken skin, canthaxanthin is used as a food colouring additive and as an ingredient in animal feed.

Canthaxanthin is also used as a food colouring additive and as an ingredient in animal feed to improve the colour of egg yolks, chicken skin, and freshwater fish like salmon and trout. Because of the large population, growing economy, and rapid industrialization in the Asia Pacific region, the incidence of skin colour disorders is expected to rise significantly over the forecast period, boosting demand for canthaxanthin.

Market Dynamics for Canthaxanthin Around the World

Increased demand for canthaxanthin from the healthcare sector is expected to fuel demand for canthaxanthin over the forecast period, owing to its exceptional medicinal property for the treatment of skin diseases such as itching, rashes, and other skin colour disorders. Furthermore, rising customer awareness of the benefits of canthaxanthin consumption, combined with the increasing use of this ingredient in dietary supplements, personal care, the pharmaceutical industry, and food and beverages, is boosting the canthaxanthin market share. However, using too much canthaxanthin can have negative effects on the skin and eyes, as well as cause vision loss. Canthaxanthin demand is likely to be hampered as a result of these factors.

Regional Overview

North America is expected to be the leading market for canthaxanthin, owing to high demand for dietary supplements, especially among the elderly, which is expected to drive the market’s growth. Over the forecast period, Asia Pacific is expected to have the highest demand for canthaxanthin. The market is expected to be propelled by rising demand for canthaxanthin in animal feed applications as aqua farming becomes more popular in emerging economies. Canthaxanthin’s widespread use to improve bird health, extend the shelf life of eggs, and strengthen the vitelline membrane of egg yolks is likely to boost market players’ profits.

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