Global Astaxanthin Market Analysis, 2024-2030
Description
Astaxanthin is one of the most powerful antioxidants present in nature. It could be found in marine animals such as crab, algae, shrimp, krill, red trout and lobster. The commercial production of this is from astaxanthin Haematococcus pluvialis (HP). It is a hybrid system used for photoautotrophic cultivation of Haematococcus pluvialis comprising of PBR (photobioreactor) fence.
Astaxanthin is basically used for pharmaceutical product that help in supporting the human heart, immune system and our brain. It is used to treat Alzheimer disease, Parkinson’s disease, protection against cancer and help in a speeding recovery after a stroke. Apart from this, it could also be found in food and beverages.
The global astaxanthin market reports reveals the inside information of the current market conditions. The astaxanthin market is rapidly increasing its radius of influence across various national boundaries as per the research report. This global market for the astaxanthin was valued at US $ xxx million dollars in 2017 which is anticipated to reach a striking US $ xxx million dollars by the end of 2023 growing at a CAGR of xx%.
Technological advancement in the production process is the key factor driving the growth of astaxanthin market across the globe. Microalgae is said to be one of the largest and fast-growing natural sources which is a key raw material in the manufacturing of this product. The high demand for cosmetics is also a major reason for the growth of this product. The other reason being growth in population and the growing opportunities in the Asia Pacific region. There are no major impediments facing the global astaxanthin market other than the erratic supply of the raw materials which leads to price fluctuations and acts as a deterrent for more customers from using them.
The global astaxanthin market is divided into five regions namely: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific and North America are expected to be a key market for Astaxanthin manufacturers. Asia Pacific is said to have a higher growth rate as compared to other countries by the year 2023.
The key players in Astaxanthin market are BASF SE, Cyanotech Corporation, IGENE, Supereme Biotechnologies NZ ltd, Parry Nutraceuticals, DSM NV, Alga Technologies Ltd, Yunnan Alphy Biotech Co. Ltd, Fenchem Biotek Ltd.
Our Approach
The research procedure involves the market segmentation of the global astaxanthin market, identification of the growth elements influencing every segment and then conducting market forecast. The market forecasts are held by taking inputs from the market leaders from across the global astaxanthin industry value chain. Market Krystal held over 39 interviews dedicated for this study, all of which are mentioned below:
By company type:
Manufacturers (45%), Suppliers (25%), Consumers (20%), Researchers (5%), Independent industry consultant (5%)
By geography:
North America (35%), Asia (35%), Europe (30%)
By designation:
Top level (35%), Operation level (35%), Mid-level (30%)
Contents of the report:
Astaxanthin is basically used for pharmaceutical product that help in supporting the human heart, immune system and our brain. It is used to treat Alzheimer disease, Parkinson’s disease, protection against cancer and help in a speeding recovery after a stroke. Apart from this, it could also be found in food and beverages.
The global astaxanthin market reports reveals the inside information of the current market conditions. The astaxanthin market is rapidly increasing its radius of influence across various national boundaries as per the research report. This global market for the astaxanthin was valued at US $ xxx million dollars in 2017 which is anticipated to reach a striking US $ xxx million dollars by the end of 2023 growing at a CAGR of xx%.
Technological advancement in the production process is the key factor driving the growth of astaxanthin market across the globe. Microalgae is said to be one of the largest and fast-growing natural sources which is a key raw material in the manufacturing of this product. The high demand for cosmetics is also a major reason for the growth of this product. The other reason being growth in population and the growing opportunities in the Asia Pacific region. There are no major impediments facing the global astaxanthin market other than the erratic supply of the raw materials which leads to price fluctuations and acts as a deterrent for more customers from using them.
The global astaxanthin market is divided into five regions namely: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific and North America are expected to be a key market for Astaxanthin manufacturers. Asia Pacific is said to have a higher growth rate as compared to other countries by the year 2023.
The key players in Astaxanthin market are BASF SE, Cyanotech Corporation, IGENE, Supereme Biotechnologies NZ ltd, Parry Nutraceuticals, DSM NV, Alga Technologies Ltd, Yunnan Alphy Biotech Co. Ltd, Fenchem Biotek Ltd.
Our Approach
The research procedure involves the market segmentation of the global astaxanthin market, identification of the growth elements influencing every segment and then conducting market forecast. The market forecasts are held by taking inputs from the market leaders from across the global astaxanthin industry value chain. Market Krystal held over 39 interviews dedicated for this study, all of which are mentioned below:
By company type:
Manufacturers (45%), Suppliers (25%), Consumers (20%), Researchers (5%), Independent industry consultant (5%)
By geography:
North America (35%), Asia (35%), Europe (30%)
By designation:
Top level (35%), Operation level (35%), Mid-level (30%)
Contents of the report:
- Insights on the global astaxanthin industry dynamics
- Estimation of the current global astaxanthin market size in terms of value and volume.
- Global astaxanthin market breakup based on source (natural, synthetic), form (liquid, dry), manufacturing process (chemical, biological), application (supplements, cosmetics, food, feed) and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America)
- Substantiated global astaxanthin market forecast for the next five years
- In detail analysis of the key companies working across different nodes of global astaxanthin industry value chain
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global astaxanthin market size (2024–2030)
- By value
- By volume
- Global astaxanthin market share (2024–2030)
- By source
- By form
- By manufacturing process
- By application
- By company
- By geography
- 4. North America Market Analysis
- North America astaxanthin market size (2024–2030)
- By value
- By volume
- North America astaxanthin market share (2024–2030)
- By source
- By form
- By manufacturing process
- By application
- By company
- By geography
- 5. Europe Market Analysis
- Europe astaxanthin market size (2024–2030)
- By value
- By volume
- Europe astaxanthin market share (2024–2030)
- By source
- By form
- By manufacturing process
- By application
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific astaxanthin market size (2024–2030)
- By value
- By volume
- Asia-Pacific astaxanthin market share (2024–2030)
- By source
- By form
- By manufacturing process
- By application
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East astaxanthin market size (2024–2030)
- By value
- By volume
- Middle East astaxanthin market share (2024–2030)
- By source
- By form
- By manufacturing process
- By application
- By company
- By geography
- 8. Africa Market Analysis
- Africa astaxanthin market size (2024–2030)
- By value
- By volume
- Africa astaxanthin market share (2024–2030)
- By source
- By form
- By manufacturing process
- By application
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America astaxanthin market size (2024–2030)
- By value
- By volume
- Latin America astaxanthin market share (2024–2030)
- By source
- By form
- By manufacturing process
- By application
- By company
- By geography
- 10. Competitive Intelligence
- Cyanotech Corporation
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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