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 (Supplements dietary, animal health and aquaculture, cosmetics, food and beverages, feed); by source (natural, synthetic) and geography – (2018-2023) “, the market will be driven by the increase in the health conscious population and the exponential demand for natural food colors.
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 products are becoming more sought after than ever, the use of astaxanthin is becoming ubiquitous in this region. Key applications in this region include cosmetics and dietary supplements, among others.
Selected impact analysis performed on the full report
Astaxanthin is responsible for the red color in many marine creatures such as crayfish, krill, and salmon. Astaxanthin gives many marine creatures such as crawfish, krill, and salmon their red color.
Astaxanthin has been reported in many studies for its antioxidant and beneficial properties for the skin.
Paracoccus bacteria, astaxanthin-rich fafia yeast and synthetic astaxanthin are mainly used in the aquaculture sector, while astaxanthin derived from H. pluvialis microalgae is the main source for human applications such as food and beverages.
Extracts on market growth factors
Aquaculture and animal feed are the main applications, while carotenoid has been used to color fish and improve the texture of animals.
The nutraceutical segment is expected to grow rapidly during the forecast period.
Astaxanthin softgels are expected to show a nimble growth rate during the forecast period.
The synthetic source will acquire a significant market share.
Natural sources are expected to witness a swashbuckling change during the forecast period.
Astaxanthin can be made from natural sources. High carotenoid yield and low maintenance cost will drive growth from natural sources, which in turn drives astaxanthin growth.
Key Players of the Astaxanthin Market:
Astaxanthin is oligopolistic in nature and 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 during 2017.
In September 2014, Algatech entered into 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 follows:
A. By source:
1.2 Krill / Shrimp
B. By product
1. Dry biomass / powder
3. Soft gels
C. By request
1. Dietary supplement / nutraceuticals
3. Animal health and aquaculture
4. Food and drinks
D. by form
2. Dry form
E. By geography (covers more than 12 countries)
F. By entropy
Cited / Referenced / Interviewed Companies:
1. Cyanotech Corporation
2. Otsuka Pharmaceutical Co., Ltd
3. Valensa International
4.Fuji Chemical Industries Co., Ltd
5. Divis Laboratories Ltd
6. Beijing Ginko Group (BGG)
7. Igene Biotechnology Inc
9.Fenchem Biotek Ltd
11. Cardax, Inc
12. Supreme Biotechnologies
13. Parry Nutraceuticals
15. BlueOcean NutraSciences Inc
16. MicroA AS, EID Parry (India) Ltd
17. Heliae Development, LLC
What can you expect 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
6.Top 10 End User Reviews
7. Product benchmarking
9 Mergers and acquisitions analysis
10. Patent analysis
11.Demand analysis (by revenue and volume)
12. Country-level analysis (15+)
13. Competitor analysis
14. Market Actions Analysis
15.Analysis of the value chain
16. Supply chain analysis
17 Strategic analysis
18.Analysis of the current and future market outlook
19. Opportunity analysis
20.Income and volume analysis
Frequently asked questions:
Does IndustryARC publish reports based on countries, geographies, or applications in the astaxanthin market?
Yes, we have separate reports as mentioned below:
1.American Astaxanthin Market (2018-2023)
2.European Astaxanthin Market (2018-2023)
3.APAC Market for Astaxanthin (2018-2023)
4.RoW Astaxanthin Market (2018-2023)
5.Natural Astaxanthin Market (2018-2023)
6.Synthetic Astaxanthin Market (2018-2023)
7.Dry / powder biomass market for astaxanthin (2018-2023)
8.Oil Market for Astaxanthin (2018-2023)
9. Market of soft gels for astaxanthin (2018-2023)
10.Liquid Market for Astaxanthin (2018-2023)
11 Nutraceutical / Dietary Supplement Market for Astaxanthin (2018-2023)
12.Cosmetic Market for Astaxanthin (2018-2023)
13.Animal health and aquaculture market for astaxanthin (2018-2023)
14.Food and Beverage Market for Astaxanthin (2018-2023)
15 Food Market for Astaxanthin (2018-2023)
16 Liquid Market for Astaxanthin (2018-2023)
17.Dry Form Market for Astaxanthin (2018-2023)
Does IndustryARC customize these reports and charge additionally for limited customization?
Yes, we can customize the report by pulling data from our annual subscription databases and reports database. 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 are of interest to you.
4. You can request company profiles depending on your interest.
Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other important customization can be discussed with our team, we can provide a separate quote based on your requirements. You can send an email to [email protected] to discuss more about our consulting services.