Global Fucoxanthin market will reach 140 million US$ by the end of 2025
Published Date: 2019/9/17
Fucoxanthin 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.
Fucoxanthin is a kind of carotenoid was found in brown seaweed, it has a wide range application in food additives, cosmetics and pharmaceutical industry. Generally, the current demand for fucoxanthin product is relatively low in the mature market, such as China, but the demand in US and EU are relatively higher due to the positive governmental policy.
The import and export percent of this industry is high. China is the largest supplier countries for North America and Europe market of fucoxanthin product, considerable amount of fucoxanthin are exported from China each year.
The global Fucoxanthin (CAS 3351-86-8) market is valued at 110 million US$ in 2017 and will reach 140 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2018-2025.
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