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 (food supplements, animal health and Aquaculture, cosmetics, food and beverages, animal feed; by source (natural, synthetic) and geography – (2018-2023) “, the market will be driven by the increase in the concerned population of its health and the exponential demand for natural food colors.
The Americas region holds the largest market share in the astaxanthin market. However, Asia-Pacific is estimated to have the highest growth. While anti-aging creams and other skin products are in demand more 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 in the full report
Astaxanthin is responsible for the red color of many sea creatures such as crayfish, krill, and salmon. Astaxanthin gives a red color to many sea creatures such as crayfish, krill, and salmon.
Astaxanthin has been reported in numerous studies for its high antioxidant and skin-friendly properties.
Paracoccus bacteria, Phaffia yeast rich in astaxanthin and synthetic astaxanthin are mainly used in the aquaculture sector, while astaxanthin derived from the microalgae H. Pluvialis is the main source of human applications such as the food and drink.
Excerpts on market growth factors
Aquaculture and animal feed are the main applications, while carotenoids have been used to color fish and improve texture in animals.
The nutraceutical segment is expected to experience rapid growth during the forecast period.
Astaxanthin capsules are estimated to register an agile growth rate during the forecast period.
The synthetic source will acquire a significant share of the market.
Natural sources are estimated to witness a whim over the forecast period.
Astaxanthin can be made from natural sources. The high yield of carotenoids and low maintenance costs will stimulate the growth of natural sources, which in turn will lead to the growth of astaxanthin.
Key players in the Astaxanthin market:
Astaxanthin is oligopolistic in nature and dominated by a limited number of key players.
Koninklijke DSM NV is one of the major players in the astaxanthin market. The head office in Heerlen, which has more than 20,000 employees worldwide, recorded net sales of € 8,632 and net profit of € 1,781 in 2017.
BASF SE is another conglomerate that achieved a turnover of $ 816 million from its activities for the year 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 shown below:
A. By source:
1.2 Krill / Shrimps
B. By product
1. Dried / powder biomass
3. Soft gels
C. By application
1. Food supplement / nutraceuticals
3. Animal health and aquaculture
4. Food and drinks
D. by form
2. Dry form
E. By geography (covers 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. Laboratoires Divis SA
6. Beijing Ginko Group (BGG)
7. Igene Biotechnologie 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
3. Landscape of the manufacturer
4.Landscape of distributors
5. Price analysis
6.Top 10 end-user analysis
7. Product benchmarking
8. Product developments
9. Analysis of mergers and acquisitions
11. Analysis of demand (by turnover and volume)
12. Country level analysis (15+)
13. Competitor analysis
14. Market share analysis
15.Value chain analysis
16. Supply chain analysis
17. Strategic analysis
18. Analysis of the current and future market landscape
19. Analysis of opportunities
20. Revenue and volume analysis
Does IndustryARC publish reports based on country, geography or application in the Astaxanthin Market?
Yes, we have separate reports as mentioned below:
1.USA Astaxanthin Market (2018-2023)
2.European Astaxanthin Market (2018-2023)
3. APAC Market for Astaxanthin (2018-2023)
4. RoW Market for Astaxanthin (2018-2023)
5. Natural Astaxanthin Market (2018-2023)
6. Synthetic Astaxanthin Market (2018-2023)
7. Biomass / Dried Powder for Astaxanthin Market (2018-2023)
8. Oil Market for Astaxanthin (2018-2023)
9. Astaxanthin Soft Gels Market (2018-2023)
10. Liquids for Astaxanthin Market (2018-2023)
11 Dietary Supplement / Nutraceuticals Market for Astaxanthin (2018-2023)
12. Cosmetics 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. Liquids for Astaxanthin Market (2018-2023)
17. Dry Form Market For Astaxanthin (2018-2023)
Does IndustryARC customize these reports and additionally charge for limited customization?
Yes, we can customize the report by pulling the data from our annual subscription reports and databases. We can provide the following free customization:
1.Raise 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 small companies or companies that interest you.
4.Company profiles may be requested based on your interests.
5. Patent analysis, pricing, product analysis, product benchmarking, value, and supply chain analysis can be requested for any country or end-use segment.
Any other major customization can be discussed with our team, we can provide you with a separate quote based on your requirement. You can send an e-mail to [email protected] to learn more about our consulting services.