Astaxanthin Market Stay Informed with Our 2030 Market Trends Report

Global Astaxanthin Market Size Was Valued at USD 721.80 Million In 2022 And Is Projected to Reach USD 1386.29 Million By 2030, Growing at A CAGR of 8.5% From 2023 To 2030.

Astaxanthin is the name for a reddish-brown pigment that is a member of the xanthophyll category of carotenoids, a group of compounds. It usually happens naturally in certain types of algae and gives trout, salmon, shrimp, lobsters, and other shellfish its red or pink hue. Recently, artificial and yeast/fungus-based astaxanthin have also gained a great deal of attention. Additionally, the stability of astaxanthin was assessed in various carriers and storage conditions. Haematococcus was used to produce astaxanthin, and its stability in various food oils was studied. At 70–90°C, astaxanthin remained immobile or secure in rice bran, gingelly, and palm oils, retaining 84%–90% of its astaxanthin concentration. Astaxanthin finds applications in food and drink, aquaculture, animal feed, and pharmaceutical and nutraceutical fields.

Players Covered in Astaxanthin Market are:

BASF SE, BGG, Cyanotech Corporation, DSM, Fenchem, Lycored, Piveg, Algae to Omega, Wellgreen Technology, Cardax, INNOBIO, ALGA Technologies, Algix, EID-Parry Ltd, IGENE Biotechnology, MicroA AS, JX Nippon Oil, Energy Corporation, Astareal Inc., Kunming biogenic, Divis Laboratories ltd., Otsuka Pharmaceuticals And Others Major Players

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With a precise examination of the overall industry, our Astaxanthin market report guarantees the highest level of accuracy and reliability. We establish a strong foundation for our findings by leveraging a wide range of primary and secondary sources. Enhancing the comprehensiveness of our evaluation, we utilize industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.

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Segmentation Analysis of the Astaxanthin Market

By Type

• Synthetic
• Natural

By Form

• Powder
• Liquid

By Application

• Feed
• Supplements
• Food
• Other

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Regional Insights

Due to its rapid industrialization and increasing urbanization, the Asia Pacific region is expected to dominate the market over the forecast period. As a result, astaxanthin intake varies between nations and geographical areas. Some of the main drivers of the growth of astaxanthin utilization in animal feed in the area are the growing customer preference for healthier foods and the increasing demand for meat and seafood. Because of the region's strong demand and cost advantage, the Asia Pacific offers producers and suppliers of astaxanthin attractive opportunities. The region's market is also expected to be driven by growing government financial support for the aquaculture sector and expanding seafood consumption.

By Region

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

The Study Objectives are:

• A comprehensive insight into key players operating in the Astaxanthin Market and their corresponding data.
• It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
• Regional analysis, which includes insight into the dominant market and corresponding market share.
• It also includes various socio-economic factors affecting the evolution of the market in the region.
• The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.

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