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Natural Astaxanthin Market Share, Size Forecast to 2030

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Natural Astaxanthin Market : Description

Natural Astaxanthin Market  a carotenoids that belongs to the xanthophyll family. It is regarded as one of the most potent antioxidants found in nature and is also referred to as “The king of the carotenoids.” In Pacific sockeye salmon, astaxanthin is present in the highest concentration. Additionally, it can be found in lobster, red trout, crab, algae, shrimp, and krill. Astaxanthin is commercially produced from Haematococcus pluviailis (HP). A photobioreactor (PBR) fence is part of a hybrid system for the photoautotrophic culture of Haematococcus pluviailis.

There are many health advantages of astaxanthin, including support for immunological function, protection of cells and the neurological system from oxidative damage, and support for brain health. Excellent UV light protection is provided by astaxanthin.

Natural Astaxanthin Market : Overview

In 2020, the market for astaxanthin was estimated to be worth USD 1,371.24 million, and from 2021 to 2028, it is anticipated to increase at a CAGR of 16.8%. Due to their antioxidant effects, nutraceuticals are in high demand, and the aquaculture and animal feed industries are also experiencing expansion. Additionally, an increasing number of health-conscious people prefer natural food colouring agents since they have less side effects than other chemical goods, which is a significant driver expected to accelerate market expansion. Additionally, astaxanthin has demonstrated in preclinical and clinical trials the capacity to lessen the inflammatory response that in COVID-19 patients can result in serious respiratory problems.

In favour of Natural Therapy

Consuming natural goods is becoming more popular as people become more aware of the negative effects of using synthetic antioxidants. In contrast to what was planned, a research on Finnish chain smokers found that those who drank synthetic astaxanthin developed lung cancer.

Additionally, contamination that occurs during the manufacture of synthetic grade astaxanthin may prolong existing chronic illnesses. Customers are choosing astaxanthin made from sources like shellfish, yeast, or mushrooms as a result. All end users, including those in the food, healthcare, animal feed, and aquaculture sectors, can clearly see this transformation.

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 Increasing Demand for Natural Astaxanthin Market

Due to the high astaxanthin content of seafood, demand is expected to continue to grow.Future increased natural astaxanthin production can be related to consumer demand for natural dietary supplements and rising public knowledge of the negative impacts of chemical goods. The main drivers of its growth are the high carotenoid yield and minimal maintenance expenses. Our specialized reports offer information that is tailored to the unique needs of all the important stakeholders. Our reports provided with market evaluations that provide our clients with useful insights into market size, current competition, and other factors. Reports also estimate the burden of common and unusual disease disorders based on prevalence and cost of care. Reports also include executive-level market blueprint and valuable ideas to help and establish effective expansion plans. Healthcare reports also provide in-depth examination of a market’s research and development landscape. These data pointers and analysis provide in-depth research of pipeline product distribution by on clinical trial stage, therapeutic region, indication, and other factors.

Natural Astaxanthin Market : Segment Analysis

Natural Astaxanthin Market based by application

Nutraceuticals

Cosmetics

Food & Beverages

Feed

Natural Astaxanthin Market By Types

Astaxanthin Oleoresin

Astaxanthin Powder

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Key Regions & Countries: North America (the United States, Canada, and Mexico), Europe, (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia, etc.), and The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Key Players: Cyanotech,Fuji,BGG,Parry Nutraceuticals,Algatechnologies,Biogenic,Jingzhou Natural Astaxanthin,Yunnan Alphy Biotech,ADM,Piveg

 

Natural Astaxanthin Market  Report Scope

Report Attribute Details
Market size value in 2021  

 

USD 1,633.68 million

 

 

Revenue forecast in 2028

USD 4.75 billion
 

 

Growth rate

CAGR of 16.8% from 2021 to 2028

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