Companies: | 51,220 |
Products and Services: | 2,867 |
Articles and publications: | 29,449 (+8) |
Tenders & Vacancies: | 17 |
The zeaxanthin market is estimated to mature at a CAGR of 8.2% during the forecast period. However, e-pharmacies are under scrutiny for operating illegally via healthcare mobile apps. For instance, the Indian Government’s COVID-19 (coronavirus) tracker Aarogya Setu app is under scrutiny for hosting foreign-funded and illegally operating e-pharmacies that are using the portal to advance their business interests in the country. Such unique challenges amidst the COVID-19 pandemic are posing as barriers for companies in the zeaxanthin market. Hence, manufacturers are now increasing efforts to establish their presence in credible e-pharmacy mobile app platforms.
Several foreign-funded and illegally operating e-pharmacies are offering huge discounts to customers, which is potentially threatening the business of neighborhood pharmacy shops in India. Hence, credible manufacturers are listing their products in alternative e-pharmacy apps to scale their business amidst uncertainties surrounding the COVID-19 pandemic.
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One of the key applications of zeaxanthin is pharmaceutical products. For instance, the Setu Lutein + Zeaxanthin tablet is being highly publicized in the healthcare sector, owing to its advantages of improving vision among individuals. An alarmingly high prevalence of eye-related diseases among individuals worldwide is one of the major key drivers promoting growth for the zeaxanthin market. Since several health-conscious customers wish to protect their eyes from chronic eye diseases and prevent age-related macular degeneration, these customers have raised a demand for zeaxanthin tablets.
Zeaxanthin’s anti-oxidant properties are highly preferred by customers in order to prevent issues such as cataract and any other damage caused to the eye. Since more number of people spend increasingly high number of hours in front of laptop and mobile screens, companies in the zeaxanthin market are increasing their production capabilities to meet customer demand for tablets.
Apart from pharmaceutical products, companies in the zeaxanthin market are tapping into opportunities in dietary supplements in order to broaden their revenue streams. Ongoing developments in the market are predicted to boost the revenue from ~US$ 95 Mn in 2020 to ~US$ 210 Mn by 2030. As such, dietary supplement innovations are vested in promising ingredients such as carotenoids lutein and zeaxanthin to alleviate symptoms of computer vision syndrome and related fatigue.
Companies in the zeaxanthin market are increasing their research efforts to conduct double-blind, placebo-controlled studies to validate the advantages of zeaxanthin in supplements. Specialty ingredients manufacturer Kemin Industries has entered into a partnership with its distributor DSM to offer the combination of lutein and zeaxanthin ingredients as OPTISHARP Zeaxanthin.
The combination of lutein and zeaxanthin ingredients has become a recurring trend for innovations in pharmaceutical and dietary supplement products. Manufacturers in the zeaxanthin market are increasing their research in studies, which validate the efficacy of zeaxanthin in improving cognitive functions among individuals. Lutein and zeaxanthin in supplements are found to increase both macula pigment optical density (MPOD) and brain-derived neurotrophic factor (BDNF) that help to improve memory and learning.
Improvements in composite and verbal memory, processing speed and sustained attention play an instrumental role at enhancing a child’s performance in school. Hence, children and college students are emerging as an important target group for companies in the zeaxanthin market who are focusing their attention dietary supplement innovations. As such, companies are increasing their R&D efforts to lend insights into neural and biochemical mechanisms that improve cognitive performance.
Zeaxanthin is gaining popularity as an efficacious carotenoid. Hence, manufacturers in the zeaxanthin market are exploring incremental opportunities in skin and cosmetic products. This trend is prominent in the U.S., since a significant amount of their population is aging and is experiencing skin health concerns. Hence, companies are increasing awareness among individuals to diversify their diet in order to help individuals consume carotenoid pigments in sufficient levels.
Manufacturers in the zeaxanthin market are increasing their production capacities to develop zeaxanthin powder that promotes eye health. For instance, companies are using the patented zeaxanthin ingredient XanMax® to produce pharmaceutical and supplementary products in a variety of forms such as powders, oils, beadlets, and water dispersible fluids. As such, companies are increasing efforts to boost bioavailability in zeaxanthin products available in aqueous forms. The prevention of age-related macular degradation (AMD) is one of the key drivers that bodes well for market growth.
Companies in the zeaxanthin market are collaborating with local farm producers to boost the production of orange capsicums and tomatoes. Genetic manipulations of carotenoid biosynthesis are being conducted to develop zeaxanthin-rich tomatoes. Thus, companies should team up with researchers at the Hebrew University of Jerusalem to develop zeaxanthin-rich tomato fruits that help to curb the progression of AMD, which is one of the major causes for blindness. Since zeaxanthin is naturally less available in human diet, manufacturers are using transgenic metabolic engineering to develop zeaxanthin-rich tomatoes.
Since tomato is one of the largely produced vegetable worldwide, manufacturers can scale business opportunities by enhancing the production of tomatoes. The antioxidant properties of biosynthesized tomatoes hold promising potentials in benefitting human health. Zeaxanthin helps to improve eye health by protecting the retina from harmful blue light, which is a leading cause of AMD.
Zeaxanthin Market: Overview
Zeaxanthin: Market Frontrunners
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Zeaxanthin Market: Trends
Aquaculture is an expanding industry that includes cultivation of several marine and freshwater species such as shellfish as well as finfish. Pigmentation is one of the foremost factors that can be attributed to the market acceptability of aquarium fish. Carotenoids, such as zeaxanthin, are responsible for muscle and skin pigmentation in food & ornamental fishes. As compared to the other faunas, fishes are incapable of carotenoids’ de novo synthesis and depend on their diet for the fulfilment of zeaxanthin requirements. Accurately formulated feed products are the key factors for successful ornamental fish culture in a restricted environment, hence, providing a great market opportunity for player offering zeaxanthin.
Carotenoids are abundant in the plant kingdom, not only in green tissues but in storage tissues as well, such as most of the major staples such as wheat and rice, including both provitamin A carotenes and the non-provitamin A xanthophylls. Moreover, studies conducted recently have stated that both groups are essential for good vision and are anti-carcinogenesis. Among the three micronutrients-iron, zinc, and carotenoids (deficiencies of which are major global public health issues currently)—there are important synergies in absorption, transport, and function that strongly indicate substantial benefits to enhancing all three nutrients together.
Germplasm resources are such that it should be possible for breeders to produce by conventional means, cereals with sufficient provitamin A and other essential carotenoids to satisfy the daily requirements of resource-poor people whose diet is severely restricted in other sources of these nutrients. Higher incorporation of carotenoids in food meant for human consumption will aid in the expansion of the market.
Zeaxanthin Market: Strategies
Target Region for Zeaxanthin Market