Citranaxanthin is a carotenoid pigment utilized as a food additive and as a food coloring. Natural sources of citranaxanthin are available, but it is also prepared synthetically. It is employed as an animal feed additive to contribute a yellow color to chicken fat and egg yolks. Citranaxanthin, which is strongly associated with yellow pigment C-30 ester, is effectively assimilated and deposited in yolks, where it provides to the consumer appeal of eggs and egg products. Citranaxanthin also has an approximately two-thirds of the vitamin A activity of beta-carotene in chickens.
MARKET DYNAMICS
Growing meat consumption along with a recent outbreak of diseases has augmented the need for additives in poultry, which in turn, is anticipated to fuel the product demand. Citranaxanthin is a component critical for the enhancement of colour of egg yolks. Used in combination with yellow pigments, citranaxanthin enhances yolk colour intensity to meet market demands for golden-orange yolks. Hence, these the product is influencing human food product characteristics. Moreover, consumption of food containing a suitable amount of additives exerts positive effects on livestock, including improvement in digestion and reproduction.
MARKET SCOPE
The "Global Citranaxanthin Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the citranaxanthin market with detailed market segmentation by type, application and geography. The global citranaxanthin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading citranaxanthin market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global citranaxanthin market is segmented on the basis of type and application. On the basis of type, citranaxanthin market is classified into natural andsynthetic. On the basis of application, market is segmented into nutraceuticals, cosmetics, food and beverages, feed, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global citranaxanthin market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The citranaxanthin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the citranaxanthin market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the citranaxanthin market in these regions.
MARKET PLAYERS
The reports cover key developments in the citranaxanthin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from citranaxanthin market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the citranaxanthin market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the citranaxanthin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Beijing Gingko Group
- Cyanotech Corporation
- DSM
- DYNADIS
- Impextraco NV
- Jingzhou natural Astaxanthin Inc.
- Parry Nutraceuticals
- Supreme Biotechnologies
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.