| Product Code: ETC7387720 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Guatemala continues to see significant import shipments of canthaxanthin in 2024, with top exporting countries being Germany, China, India, USA, and Japan. The market shows a high concentration with a high Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 is impressive at 13.89%, indicating a strong overall growth trend. However, there was a slight decline in growth rate from 2023 to 2024, with a -18.97% change. This data suggests a dynamic market environment for canthaxanthin imports in Guatemala.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Canthaxanthin Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Canthaxanthin Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Canthaxanthin Market - Industry Life Cycle |
3.4 Guatemala Canthaxanthin Market - Porter's Five Forces |
3.5 Guatemala Canthaxanthin Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Guatemala Canthaxanthin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Canthaxanthin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural food colorants due to rising health awareness |
4.2.2 Growing use of canthaxanthin in animal feed for enhancing pigmentation in poultry and aquaculture |
4.2.3 Rising adoption of canthaxanthin in cosmetics and personal care products for its antioxidant properties |
4.3 Market Restraints |
4.3.1 Stringent regulations regarding the maximum allowable levels of canthaxanthin in food products |
4.3.2 Fluctuations in raw material prices affecting the production cost of canthaxanthin |
5 Guatemala Canthaxanthin Market Trends |
6 Guatemala Canthaxanthin Market, By Types |
6.1 Guatemala Canthaxanthin Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Canthaxanthin Market Revenues & Volume, By Source, 2021- 2031F |
6.1.3 Guatemala Canthaxanthin Market Revenues & Volume, By Natural, 2021- 2031F |
6.1.4 Guatemala Canthaxanthin Market Revenues & Volume, By Synthetic, 2021- 2031F |
6.2 Guatemala Canthaxanthin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Canthaxanthin Market Revenues & Volume, By Personal Care, 2021- 2031F |
6.2.3 Guatemala Canthaxanthin Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.4 Guatemala Canthaxanthin Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.2.5 Guatemala Canthaxanthin Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.6 Guatemala Canthaxanthin Market Revenues & Volume, By Animal Feed, 2021- 2031F |
7 Guatemala Canthaxanthin Market Import-Export Trade Statistics |
7.1 Guatemala Canthaxanthin Market Export to Major Countries |
7.2 Guatemala Canthaxanthin Market Imports from Major Countries |
8 Guatemala Canthaxanthin Market Key Performance Indicators |
8.1 Research and development investment in exploring new applications of canthaxanthin |
8.2 Number of partnerships and collaborations with key players in the food, feed, and cosmetic industries |
8.3 Percentage of market penetration in different end-use industries |
9 Guatemala Canthaxanthin Market - Opportunity Assessment |
9.1 Guatemala Canthaxanthin Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Guatemala Canthaxanthin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Canthaxanthin Market - Competitive Landscape |
10.1 Guatemala Canthaxanthin Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Canthaxanthin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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