Global Phytoene Market 2022 Outlook By Product Type, Distribution Channel and End-User | Trends and Forecast To 2030

Global phytoene market is expected to be driven by increasing demand from nutrition and therapeutics sector. Phytoene being categorized as carotenoid rarities owing to its colourlessness, is gaining popularity on account of its biosynthetic parameters as it acts as a major precursor for other carotenoids. High content of colourless carotenoids including phytoene is present in tomatoes, watermelon, and grapefruits typically in conjunction with lycopene. Currently, carotenogenic marine algae and tomato are some of the prominent sources for commercially produced phytoene. Increasing consumer inclination towards plant-based ingredients is one of the major factors fostering the phytoene demand. Health promoting biological features have highly increased phytoene penetration in nutrition and cosmetics applications.

In terms of revenue, phytoene market was valued at US$ 31.95 Mn in 2021 growing at a CAGR of 3.4% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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In addition, safe use of phytoene in topical applications have been backed by various studies associated with its genotoxicity and cytotoxicity. Such conditions have bolstered the product demand for long term human consumption. Phytoene being excellent biological measure to increase skin whitening and anti-aging has gained high attention among cosmetic manufacturers. Such attention is attributed to growing concern among beauty enthusiasts regarding facial aesthetics. Increasing demand for anti-aging products have pushed cosmetics manufacturers incorporate phytoene in their ingredient portfolio. The aforementioned factors drove the phytoene market growth in 2020. The growing consumption of phytoene-based nutraceuticals along with the health benefits associated with its anti-oxidative and anti-inflammatory properties is projected to drive the demand of phytoene in nutrition and wellness sector in the long run.

From the perspective of COVID-19 impact, the industry was positively driven post crisis. Increasing preventive health care among consumers drove the demand for cosmetics and nutraceutical products massively after relaxation of lockdown regulation, this in turn fostered the demand for phytoene. Despite of economic downturn, the resilience in value chain of anti-aging products market supported the product demand in 2020. Growing consumer awareness regarding health benefits of phytoene along with protracted preventive healthcare post crisis are some of the major factors which shall be driving phytoene market growth in near future.

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Some of the Key Players Operating in the Global Phytoene Market include:
CaroteNature
Creative Enzymes
DEINOVE SA
NUTRACOS
Solvay
Thermo Fisher Scientific Inc.
Other Market Participants

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Our 420+ Pages Report titled, Phytoene Market will include extensive information on the following pointers:

Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Phytoene Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.

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Global Phytoene Market Segmentation:

By Product Type
Phytoene Desaturase
Others

By Distribution Channel
Online
Offline

By End User
Anti-Aging
Photo-Protective Cosmetics
Health Protection
Others

By Industry
Cosmetics
Wellness
Nutrition
Therapeutics

By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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