The Global Astaxanthin Market was valued at USD 1.33 billion in 2020 and is expected to grow at a CAGR of 15% during the forecast period 2021-2027.
Astaxanthin is a keto-carotenoid pigment that occurs in microalgae, yeast, trout, shrimp, and other sea creatures. It is commonly found in salmon fish, giving it a pinkish color. It is primarily used as an antioxidant and food colorant in a variety of application industries such as food and beverage, animal feed, pharmaceuticals, nutraceuticals, and personal care. Astaxanthin has applications in several industries including food and beverage, animal feed, pharmaceuticals, and nutraceuticals. The demand for astaxanthin has been skyrocketing in recent years as the demand for functional foods and beverages increases with the growing health-conscious population.
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Market Segments
On the basis of Application
- Feed
- Supplements
- Food
- Cosmetics
On the basis of Form
- Dry Form
- Liquid Form
On the basis of Method of Production
- Microalgae Cultivation
- Fermentation
- Extraction
- Chemical Synthesis
Key Players
The market is dominated by various major players including Cyanotech Corporation; JX Nippon Oil and Energy Corporation; MicroA AS; BlueOcean NutraSciences, Inc.; Fenchem; Beijing Gingko Group (BGG); EID-Parry (India) Ltd.; IGENE Biotechnology, Inc.; Fuji Chemical Industry Co., Ltd.; and Algatechnologies.
Scope of the Report
The research study analyzes the global Astaxanthin industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of the Global Astaxanthin Market is available at: https://www.orionmarketreports.com/astaxanthin-market/59603/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Astaxanthin Market Report
1. What was the Astaxanthin Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Astaxanthin Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Astaxanthin Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Astaxanthin market.
- The market share of the global Astaxanthin market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Astaxanthin market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Astaxanthin market.
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