Global Fucoxanthin Market Growth 2023-2029

Global Fucoxanthin Market Growth 2023-2029

Fucoxanthin (CAS 3351-86-8) is a xanthophyll, with the molecular formula of C42H58O6 and CAS number 3351-86-8. It is found as an accessory pigment in the chloroplasts of brown algae and most other heterokonts, giving them a brown or olive-green color. Fucoxanthin absorbs light primarily in the blue-green to yellow-green part of the visible spectrum, peaking at around 510-525 nm by various estimates and absorbing significantly in the range of 450 to 540 nm.

Fucoxanthin is being looked into for its anti-inflammatory, antinociceptive, and anti-cancer effects.

LPI (LP Information)' newest research report, the “Fucoxanthin Industry Forecast” looks at past sales and reviews total world Fucoxanthin sales in 2022, providing a comprehensive analysis by region and market sector of projected Fucoxanthin sales for 2023 through 2029. With Fucoxanthin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fucoxanthin industry.

This Insight Report provides a comprehensive analysis of the global Fucoxanthin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fucoxanthin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fucoxanthin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fucoxanthin and breaks down the forecast by purity, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fucoxanthin.

The global Fucoxanthin market size is projected to grow from US$ 30 million in 2022 to US$ 40 million in 2029; it is expected to grow at a CAGR of 40 from 2023 to 2029.

Global core fucoxanthin manufacturers include Oryza Oil&Fat Chemical, Nutraceuticals and Yigeda Bio-Technology etc. The top 3 manufacturters of Fucoxanthin (CAS 3351-86-8), with about 42% market shares.North America is the largest market, with a share about 36%, followed by Europe and Asia Pacific with the share about 35% and 22%.In terms of product, below 10% is the largest segment, with a share over 50%. And in terms of application, the largest application is food industry, followed by cosmetic industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Fucoxanthin market by product purity, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by purity

Below 10%

Above 10%

Segmentation by application

Food Industry

Cosmetic Industry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Oryza Oil & Fat Chemical

Nektium Pharma

Shandong Jiejing Group

Nutraceuticals

Yigeda Bio-Technology

Ciyuan Biotech

Tianhong Biotech

BGG

Algatech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fucoxanthin market?

What factors are driving Fucoxanthin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fucoxanthin market opportunities vary by end market size?

How does Fucoxanthin break out purity, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.