Astaxanthin Market Research Report offered by DecisionDatabases.com provides a detailed study on the industrial development of the market under the forecast period 2019-2025. The Global Astaxanthin Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Astaxanthin market.
This study categorizes the global Astaxanthin breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans.
Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown natural astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and β-carotene. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no “pro-oxidant” activity.
Currently, the major commercially available sources of astaxanthin include synthetic astaxanthin from petrochemicals and astaxanthin derived from natural sources. Haematococcus pluvialis is the organism that naturally produces the highest concentrations of astaxanthin.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Astaxanthin production will show a trend of steady growth. In 2023 the consumption of Astaxanthin is estimated to be 458622 Kg. On product prices, the slow downward trend in recent years will maintain in the future.
Global Astaxanthin market size will increase to 91 Million US$ by 2025, from 75 Million US$ in 2017, at a CAGR of 2.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Astaxanthin.
This report focuses on the top manufacturers' Astaxanthin capacity, production, value, price and market share of Astaxanthin in global market. The following manufacturers are covered in this report:
- DSM
- BASF
- Cyanotech
- Fuji
- BGG
- Yunnan Alphy Biotech
- Algatechnologies
- Parry Nutraceuticals
- Jingzhou Natural Astaxanthin
- JX Nippon Oil& Energy
- Supreme Biotechnologies
- Biogenic
- Zhejiang NHU
Astaxanthin Breakdown Data by Type
- Natural Astaxanthin
- Synthetic Astaxanthin
Astaxanthin Breakdown Data by Application
- Nutraceuticals
- Cosmetics
- Food & beverages
- Feed
- Others
Astaxanthin Production Breakdown Data by Region
- United States
- Europe
- China
- Japan
- Other Regions
Astaxanthin Consumption Breakdown Data by Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Malaysia
- Philippines
- Thailand
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
- Central & South America
- Brazil
- Rest of South America
- Middle East & Africa
- GCC Countries
- Turkey
- Egypt
- South Africa
- Rest of Middle East & Africa
The study objectives are:
- To analyze and research the global Astaxanthin capacity, production, value, consumption, status and forecast;
- To focus on the key Astaxanthin manufacturers and study the capacity, production, value, market share and development plans in next few years.
- To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.