Global Astaxanthin Market Introduction and Overview
According to SPER market research, ‘Global Astaxanthin Market Size- By Source, By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Astaxanthin Market is predicted to reach 7.89 billion by 2034 with a CAGR of 15.03%.
A naturally occurring carotenoid pigment with potent antioxidant properties is Astaxanthin. It is primarily present in marine organisms including salmon, shrimp, and krill, as well as microalgae like Haematococcus pluvialis. Astaxanthin is a valuable molecule in nutrition and health because of its distinct molecular structure, which gives it a better capacity to scavenge free radicals than other antioxidants.
Restraints:
The Astaxanthin market faces various issues that threaten its growth and sustainability. One notable concern is the expensive expense of natural Astaxanthin extraction, which is primarily obtained from microalgae such as Haematococcus pluvialis. This procedure necessitates controlled growing conditions, improved harvesting techniques, and effective extraction technologies, resulting in increasing operational costs.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Source, ByProduct, By Application
Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa andEurope
Companies Covered
ALGAMO,AlgalÃf Iceland ehf, Algatech Ltd, Atacama Bio Natural Products S.A., BeijingGingko Group (BGG), Cyanotech Corporation, E.I.D.– Parry (India) Limited, ENEOSCorporation, Fuji Chemical Industries Co., Ltd, PIVEG, Inc. and others.
Global Astaxanthin Market Segmentation:
By Source: Based on the Source, Global Astaxanthin Market is segmented as; Natural and Synthetic.
By Product:
Based on the Product, Global Astaxanthin Market is segmented as; Dried Algae Meal or Biomass Oil, Soft gel, Liquid and Others.
By Application:
Based on the Application, Global Astaxanthin Market is segmented as; Nutraceuticals, Cosmetics, Aquaculture and Animal Feed, Food and Others.
By Region:
This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
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