The global zeaxanthin market was valued at USD 61.48 million in 2022 and is projected to reach USD 104.75 million by 2032, with a forecasted annual revenue growth rate of 6%. One of the primary drivers of this growth in global zeaxanthin market revenue is the increasing demand for natural pigments in the food and beverage industry. Zeaxanthin, a naturally occurring yellow pigment, is incorporated into food products to enhance their color and visual appeal, aligning with consumers' preferences for natural and organic food items. Moreover, the surge in demand for functional foods and beverages also contributes to the expanding market.
Another significant factor fueling the zeaxanthin market's revenue growth is the growing awareness of zeaxanthin's benefits for eye health. Zeaxanthin, a powerful antioxidant, is renowned for its ability to protect the eyes from harmful blue light and improve vision. Consequently, there is a rising demand for zeaxanthin supplements and eye care products, driven by an increasing incidence of age-related macular degeneration (AMD) and cataracts. Additionally, the aging population and escalating healthcare costs further propel market revenue growth.
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Top Companies:
· Kemin Industries, Inc.
· BASF SE
· Allied Biotech Corp.
· Chrysantis, Inc.
· Fenchem Biotek Ltd.
· Valensa International
· D.D. Williamson & Co., Inc.
· Zhejiang Medicine Co., Ltd.
· Naturex SA
· E.I.D. Parry (India) Limited
Zeaxanthin Market Growth
· Increasing Health Awareness: Growing awareness of the health benefits associated with zeaxanthin, particularly its role in promoting eye health and reducing the risk of age-related macular degeneration (AMD), has been a significant driver of market growth. Consumers are increasingly looking for dietary supplements and foods enriched with zeaxanthin.
· Aging Population: The global population is aging, and age-related eye conditions like AMD are becoming more prevalent. This demographic trend has boosted the demand for products containing zeaxanthin, as it is believed to help protect against AMD and other eye-related issues.
· Demand for Natural Ingredients: Consumers are increasingly seeking natural and plant-based ingredients in their dietary supplements and functional foods. Zeaxanthin, which is found in various fruits and vegetables like corn, kale, and peppers, fits into this trend and can be sourced naturally.
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The global Zeaxanthin market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Source Type Outlook:
- Natural
- Synthetic
Form Outlook:
- Powder
- Beadlet
Application Outlook:
- Food and Beverages
- Dietary Supplements
- Animal Feed
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
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