Astaxanthin Market Exhibits High Growth Rate Until Forecast

According to IndustryARC’s new market research report titled “Astaxanthin Market: By Product Type (Synthetic Astaxanthin, Astaxanthin Rich Paracoccus Bacteria, Pluviallis Microalgae Astaxanthin, Aematococcus); By Form (Liquid, Dry); By Applications (Dietary Supplements, Animal Health & Aquaculture, Cosmetics, Food & Beverage, Feed); By Source (Natural, Synthetic) & Geography – (2018-2023)”, Market Will Be Driven By Rising Health-Conscious Population And Exponential Demand For Colorants natural food.

The Americas region has the largest market share in the astaxanthin market. However, Asia Pacific is estimated to have the highest growth. As anti-aging creams and other skin care products become more sought after, the use of astaxanthin becomes ubiquitous in this region. Key applications in this region include cosmetics and dietary supplements, among others.

Selected impact analysis performed on full report

Astaxanthin is responsible for the red color in many marine creatures such as crayfish, krill, and salmon. Astaxanthin gives red color to many sea creatures like crayfish, krill and salmon.

Astaxanthin has been reported in many studies for its high antioxidant and skin-friendly properties.

Paracoccus bacteria, astaxanthin-rich Phaffia yeast and synthetic astaxanthin are predominantly used in the aquaculture sector, while astaxanthin derived from the microalgae H. pluvialis is the main source for human applications such as food and beverages.

Excerpts on Market Growth Factors

Aquaculture and animal feed are the main applications, while carotenoids have been used to color fish and improve the texture of animals.

The nutraceutical segment is anticipated to see rapid growth during the forecast period.

Astaxanthin softgels are estimated to post a brisk growth rate during the forecast period.

The synthetic source will acquire a significant share of the market.

Natural Sources is estimated to witness a bully during the forecast period.

Astaxanthin can be manufactured from natural sources. The high carotenoid yield and low maintenance cost will fuel the growth of natural sources, which in turn fuels the growth of astaxanthin.

Key Players in Astaxanthin Market:

Astaxanthin is oligopolistic in nature and is dominated by a limited number of key players.

Koninklijke DSM NV is one of the key players in the astaxanthin market. The Heerlen-based company, which has more than 20,000 employees worldwide, posted net sales of €8,632 and net profit of €1,781 in 2017.

BASF SE is another conglomerate that earned $816 million in revenue through operations for the year 2017.

In September 2014, Algatech signed an R&D agreement with SCHOTT AG, a German company, to increase the productivity of its closed tube culture system.

The Astaxanthin Market Report is segmented as below:

A. By source:

1.Natural

1.1 Yeast

1.2 Krill/Shrimp

1.3 Microalgae

2. synthetic

B.By product

1. Dry Biomass/Dust

2. Oil

3. Softgels

4.liquid

5.Others

C. By application

1. Dietary Supplement/Nutraceuticals

2. Cosmetics

3. Animal health and aquaculture

4. Food and drinks

5. Food

D. by form

1.liquid

2. dry form

E. By geography (covers more than 12 countries)

F. By entropy

Companies cited/referenced/interviewed:

1. Cyanotech Corporation

2. Otsuka Pharmaceutical Co., Ltd.

3.Valensa International

4. Fuji Chemical Industries Co., Ltd.

5. Divis Laboratories Ltd.

6. Peking Ginko Group (BGG)

7. Igene Biotechnology Inc.

8.Piveng Inc.

9. Fenchem Biotek Ltd

10. Algae technologies

11. Cardax, Inc.

12. Supreme Biotechnologies

13. Parry Nutraceuticals

14.Alga Technologies

15. BlueOcean NutraSciences Inc.

16. MicroA AS, EID Parry (India) Ltd.

17. Heliae Development, LLC

What can be expected from the report?

The Astaxanthin Market Report is prepared with the main agenda to cover the following 20 points:

1. Market size by product category

2. Market trends

3. Manufacturer Landscape

4. Distributor landscape

5. Price Analysis

6.Analysis of the top 10 end users

7. Product Benchmarking

8. Product developments

9. Analysis of mergers and acquisitions

10.Patent Analysis

11.Demand analysis (by income and volume)

12. Country-level analysis (15+)

13. Analysis of the competition

14.Analysis of market shares

15.Value chain analysis

16. Supply chain analysis

17.Strategic Analysis

18. Analysis of the current and future market landscape

19. Opportunity Analysis

20. Revenue and volume analysis

Frequent questions:

Does IndustryARC publish reports based on country, geography, or application on Astaxanthin Market?

Yes, we have separate reports as mentioned below:

1. Americas market for astaxanthin (2018-2023)

2. European Astaxanthin Market (2018-2023)

3. APAC Market for Astaxanthin (2018-2023)

4. Rest of the World Market for Astaxanthin (2018-2023)

5. Natural Astaxanthin Market (2018-2023)

6. Synthetic Astaxanthin Market (2018-2023)

7. Dry Biomass/Powder Market for Astaxanthin (2018-2023)

8. Oil Market for Astaxanthin (2018-2023)

9. Soft Gel Market for Astaxanthin (2018-2023)

10. Liquid Astaxanthin Market (2018-2023)

11. Nutraceutical/Dietary Supplement Market for Astaxanthin (2018-2023)

12. Cosmetics Market for Astaxanthin (2018-2023)

13.Aquaculture and Animal Health Market for Astaxanthin (2018-2023)

14. Food and Beverage Market for Astaxanthin (2018-2023)

15. Feed Market for Astaxanthin (2018-2023)

16. Liquid Astaxanthin Market (2018-2023)

17. Astaxanthin Dry Form Market (2018-2023)

Does IndustryARC customize these reports and charge extra for limited customization?

Yes, we can customize the report by pulling data from our reporting database and annual subscription databases. We can provide the following free customization:

1.Increase the level of data in the application industry or end users.

2.Increase the number of countries in the geography chapter.

3. Find out the market shares of other smaller companies or companies that interest you.

4. Company profiles can be requested based on your interest.

5. Patent Analysis, Pricing, Product Analysis, Product Benchmarking, Value Analysis, and Supply Chain can be requested for a country or end-use segment.

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https://industryarc.com/Report/16597/astaxanthin-market.html

Any other major customization can be discussed with our team, we can provide a separate quote based on your requirements. You can email [email protected] to learn more about our consulting services.