The astaxanthin market was worth USD 1,371.24 million in 2020 and is predicted to increase at a compound annual growth rate (CAGR) of 16.8% between 2021 and 2028. High demand for nutraceuticals due to their antioxidant effects, as well as increased demand in the aquaculture and animal feed industries, are driving market expansion. Furthermore, a growing number of health-conscious individuals prefer natural food colouring agents with less side effects than other chemical goods, which is a significant driver expected to drive market expansion.
Astaxanthin is commonly eaten orally and is useful in the treatment of a variety of chronic diseases. It has been widely used to treat Alzheimer's disease, Parkinson's disease, liver problems, high cholesterol, and macular degeneration. Several astaxanthin medicines have hit the market in recent years.
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Global Astaxanthin Market: Top Key Players
DSM
BASF
Cyanotech
Fuji
BGG
Yunnan Alphy Biotech
Algatechnologies
Parry Nutraceuticals
Jingzhou Natural Astaxanthin
JX Nippon Oil& Energy
Supreme Biotechnologies
Biogenic
Zhejiang NHU
Global Astaxanthin Market: By Types
Natural Astaxanthin
Synthetic Astaxanthin
Global Astaxanthin Market: By Applications
Nutraceuticals
Cosmetics
Food & Beverages
Feed
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
This Market report provides experts analysis, strategies, insights, scope and upcoming trends with different type and applications. This market report also provides tables and figures for good understanding of data. Different data like industry segment, channel segment and many more segment data covered in this report. The aim of this report is to give advice and awareness to businesses interested in this Market.
What's Included in the Report -
- Market size and growth projections, 2022- 2030
- Market size, share, and growth projections across regions and countries, 2022- 2030
- Market size and CAGR of key products, applications, and end-user verticals, 2022- 2030
- Short and long term Market trends, drivers, restraints, and opportunities
- Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest market news and developments
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