Scope of the Study
Fucoxanthin is a xanthophyll found as an accessory pigment in the chloroplasts of brown algae and most other heterokonts, giving them a brown or olive-green color. It can be isolated from edible brown seaweeds. Recent studies showed that fucoxanthin has many physiological functions and biological properties such as antiobesity, antitumor, antioxidant, anti-diabetes, anti-inflammatory as well as cardiovascular and cerebrovascular protective effects. It can be used as both medicinal and nutritional purposes. Fucoxanthin is a marine carotenoid and mainly present in the microalgae and macroalgae such as Undaria pinnatifida (Wakame), Laminaria japonica (Ma-Kombu), Phaeodactylum tricornutum and Cylindrotheca closterium.
The market study is being classified by Type (HPLC series and UV series), by Application (Food Industry, Cosmetic Industry, Pharmaceutical Industry and Other) and major geographies with country level break-up.
Sigma-Aldrich (United States), AlgaTechnologies Ltd. (Israel), Cayman Chemical Company (United States), ORYZA OIL & FAT CHEMICAL CO., LTD. (Japan), Yangling Ciyuan Biotech CO., ltd (China), Amicogen, Inc. (South Korea), Yigeda Bio-Technology Co., Ltd. (China), Ningbo Tianhong Biotech Co., Ltd. (China), Changsha Vigorous-tech Co., Ltd. (China) and AGROCHEMI CO., LTD. (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Chinese Manufacturers will contribute to the maximum growth of Global Fucoxanthin market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Fucoxanthin market by Type, Application and Region.
On the basis of geography, the market of Fucoxanthin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand as a Natural Food Color
- Growing Awareness among the Consumers about Harmful Effects of the Chemical Based Products
Market Trend
- Increasing Demand for Natural Products
Restraints
- Cost Associated With Fucoxanthin Products
Opportunities
- Growing Demand from the Pharmaceutical Industry
- Rise in the Food and Beverage Industry
Challenges
- Slowdown in the Economic Growth
In June 2018, Algatechnologies, Ltd. has launched Fucovital, a patented, all-natural 3% fucoxanthin oleoresin produced and extracted from microalgae. Fucovital's unique composition is the first fucoxanthin granted New Dietary Ingredient Notification (NDIN) acknowledgement for dietary supplements from the FDA.
Key Target Audience
Fucoxanthin Products Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase