Global Astaxanthin Market Size, Segmentations, Key Players, Regional Analysis & Future Forecast 2023-2032

 

Global Astaxanthin Market

The Global Astaxanthin Market size was valued at USD 559.6 million in 2020 and is expected to reach USD 1.04 billion by 2028, growing at a compound annual growth rate (CAGR) of 8.3% from 2021 to 2028.

Astaxanthin is a naturally occurring carotenoid pigment that is commonly found in marine animals and microalgae. It is known for its powerful antioxidant properties and is used in a wide range of applications in the food, nutraceutical, and cosmetic industries. The global astaxanthin market is driven by the growing demand for natural antioxidants in various end-use industries. Increasing awareness about the health benefits of astaxanthin, including its anti-inflammatory and anti-aging properties, is also driving market growth. The market can be segmented based on the source of astaxanthin, including natural and synthetic astaxanthin. Natural astaxanthin is extracted from microalgae, yeast, and other natural sources, while synthetic astaxanthin is produced through chemical synthesis. Based on application, the astaxanthin market can be segmented into the following categories: nutraceuticals, food and beverages, cosmetics, aquaculture, and animal feed.

Astaxanthin is a natural carotenoid pigment that is derived from microalgae and other natural sources. With the increasing demand for natural and organic ingredients in various industries, the demand for astaxanthin is also growing. Astaxanthin is known for its health benefits, including anti-inflammatory, antioxidant, and anti-aging properties. As consumers become more health-conscious, the demand for astaxanthin is increasing in the nutraceutical and functional food markets.

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Market Segmentation:

By Source

·         Natural astaxanthin

·         Synthetic astaxanthin

By Form

·         Dry powder

·         Liquid

·         Beadles

By Application

·         Nutraceuticals

·         Food and Beverages

·         Cosmetics

·         Aquaculture

·         Animal Feed

Key Player:

·         Koninklijke DSM N.V.

·         BASF SE

·         Cyanotech Corporation

·         Algatechnologies Ltd.

·         Piveg, Inc.

·         Fenchem Biotek Ltd.

·         Divis Nutraceuticals

·         BGG (Beijing Ginko Group)

·         Supreme Biotechnologies NZ Ltd.

·         E.I.D. - Parry (India) Limited

 

Regional Analysis:

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Astaxanthin market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

 Key Points: 

·        Define, describe and forecast Astaxanthin product market by type, application, end user and region.

·        Provide enterprise external environment analysis and PEST analysis.

·        Provide strategies for company to deal with the impact of COVID-19.

·        Provide market dynamic analysis, including market driving factors, market development constraints.

·        Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.

·        Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyse the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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