Global Astaxanthin Market Outlook
The Astaxanthin Market was valued at USD 665.25 Million in 2021 and is expected to reach USD 1177.59Million by the year 2028, at a CAGR of 8.5%.
Astaxanthin Market applies the most effective of each primary and secondary analysis to weigh upon the competitive landscape and also the outstanding market players expected to dominate Astaxanthin Market place for the forecast 2022-2028.
Astaxanthin Market Insights:
Astaxanthin refers to that a reddish-brown pigment, belonging to a group of chemicals known as the xanthophyll category of carotenoids. It generally occurs naturally in some algae and lends the red or pink color in trout, salmon, shrimps, lobsters, and other seafood. A short while ago, yeast/fungi-based and synthetic astaxanthin have also received remarkably fame. Moreover, Astaxanthin stability was evaluated in different carriers and storage environments. Astaxanthin was obtained from Haematococcus and its stability in different edible oils was governed. Astaxanthin was immovable or secure at 70–90 °C in rice bran, gingelly, and palm oils with 84%–90% of retention of astaxanthin content which can be utilized in food and beverages, aquaculture and animal feed, pharmaceutical and nutraceutical applications, whereas astaxanthin content was brought down at 120 and 150 °C. Furthermore, astaxanthin is generally consumed orally and helps cure various chronic ailments. It has been highly employed to treat Alzheimer’s disease, Parkinson’s disease, liver malfunctions, high cholesterol, and macular degeneration. Numerous astaxanthin drugs have immense the market in recent years. Apart from this astaxanthin has also been widely utilized to treat heart diseases, strokes, and male infertility.
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The global Astaxanthin market provides qualitative and quantitative information on growth rate, market segmentation, market size, future trends and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Astaxanthin market. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
Astaxanthin Market – Size, Competitive Landscape and Segmentation Analysis:
Astaxanthin Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report’s objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Top Company Profiles Include in this Astaxanthin Market report:
BASF SE,BGG,Cyanotech Corporation,DSM,Fenchem,Lycored,Piveg,Algae to Omega,Wellgreen Technology,Cardax,INNOBIO,ALGA Technologies,Algix,EID-Parry Ltd,IGENE Biotechnology,MicroA AS,JX Nippon Oil,Energy Corporation,Astareal Inc.,Kunming biogenic,Divis Laboratories ltd.,Otsuka Pharmaceuticals,Others
Objectives of the Study:
- To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC)
- To provide detailed information regarding the major factors influencing the growth of the Home (drivers, restraints, opportunities, and challenges)
- To analyze each submarket with respect to individual growth trends, prospects, and contribution to the total market
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Segmentation Of Astaxanthin Market:
In market segmentation by Type , the Astaxanthin Market report covers:
Synthetic,Natural Yeast,Krill/Shrimp Microalgae Plants Marine Others (Yeast,Krill/Shrimp, Microalgae,Plants,Marine, Others),Yeast,Krill/Shrimp, Microalgae,Plants,Marine, Others
In market segmentation by Applications, the Astaxanthin Market report covers:
Food And Beverages,Agriculture,Aquaculture &Animal Feed,Pharmaceuticals & Nutraceuticals,Dietary Supplements,Personal Cares And Cosmetics And,Others
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico, Rest of S)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Scope Of The Astaxanthin Market Research Report
| Report Metric | Details |
| Market size available for years | 2022-2028 |
| Base year considered | 2021 |
| Forecast period | 2022-2028 |
| Forecast units | Million (USD) |
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