Astaxanthin Market Share, Industry Size, Price, Sales Revenue and Forecast 2021-2026

According to IMARC Group latest report titled “Astaxanthin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on astaxanthin market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market exhibited moderate growth during 2015-2020. The global astaxanthin market to grow at a CAGR of around 6% during 2021-2026.

Astaxanthin is a reddish-brown pigment that belongs to the xanthophyll category of carotenoids. It is manufactured using isopentenyl diphosphate and dimethylallyl diphosphate and is also naturally synthesized by various bacteria, microalgae and yeast. It is widely used as a coloring agent in the feed for shrimp, salmon and chicken and added to various nutritional supplements. Astaxanthin aids in enhancing immunity and preventing cardiovascular diseases (CVDs) and is applied on the skin to reduce the visibility of wrinkles and block ultraviolet (UV) rays. It is widely used for the manufacturing of cosmetics, nutraceuticals, animal feed and food and beverages.

Request to Get the Free Sample Report:

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The global astaxanthin market is primarily being driven by rising health consciousness among the masses. Moreover, the increasing prevalence of chronic diseases, such as diabetes, high cholesterol, cancer and osteoporosis, is favoring the market growth. Regular consumption of astaxanthin can assist in controlling blood sugar levels and reducing pain in joints, muscles and tendons. In line with this, various technological advancements, such as the adoption of nanoencapsulation and microencapsulation technologies to improve the stability and functionality of the product as a food ingredient, are providing a thrust to the market growth. Other factors, including rising product demand as a coloring agent and additive in the food and beverage (F&B) industry, along with the increasing consumer preference for dietary supplements, are anticipated to drive the market toward growth further.

View Full Report with TOC & List of Figure:

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Algatech LTD
  • Beijing Gingko Group
  • Cardax Inc
  • Cyanotech Corporation
  • Divi’s Laboratories Limited
  • I.D. – Parry (India) Limited
  • Fenchem Biotek Ltd
  • Fuji Chemical Industries Co. Ltd.
  • Koninklijke DSM N.V.
  • Piveg Inc

Astaxanthin Market Segmentation:

Our report has categorized the market based on region, source, product and application.

Breakup by Source:

  • Natural
  • Yeast
  • Krill/Shrimp
  • Microalgae
  • Others
  • Synthetic

Breakup by Product:

  • Dried Algae Meal or Biomass
  • Oil
  • Softgel
  • Liquid
  • Others

Breakup by Application:

  • Nutraceuticals
  • Cosmetics
  • Aquaculture and Animal Feed
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Leave a Reply

Your email address will not be published. Required fields are marked *