Astaxanthin Market

The global Astaxanthin market was valued at 95.3 Million USD in 2021 and will grow with a CAGR of 5.18% from 2021 to 2027, based on Research newly published report.

The prime objective of Astaxanthin Market is to provide the insights on the post COVID-19 impactwhich will help market players in this field evaluate their business approaches. Also, Astaxanthin Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown natural astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and ?-carotene. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no ?pro-oxidant? activity.Astaxanthin is famous for strong antioxidant property. Generally, it has two types, Synthetic Astaxanthin and Natural Astaxanthin. price of Synthetic Astaxanthin is higher than that of Synthetic Astaxanthin. In 2018 production of Synthetic Astaxanthin was about 222 MT, with a share of 75%.

By Market Verdors:

• DSM
• BASF
• Cyanotech
• Fuji
• BGG
• Yunnan Alphy Biotech
• Algatechnologies
• Parry Nutraceuticals
• Jingzhou Natural Astaxanthin
• JX Nippon Oil& Energy
• Supreme Biotechnologies
• Biogenic
• Zhejiang NHU

By Types:

• Natural Astaxanthin
• Synthetic Astaxanthin

By Applications:

• Nutraceuticals
• Cosmetics
• Food & Beverages
• Feed

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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