Astaxanthin Market by Source (Plant, Yeast & Microbes, Marine, Petroleum), Form (Dry, Liquid), Method of Production (Biological Process, Chemical Process), Application (Feed, Supplements, Food, Cosmetics), and Region - Global Forecast to 2022

  • ID: 4244304
  • Report
  • Region: Global
  • 164 Pages
  • Markets and Markets
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The Global Astaxanthin Market is Projected to Grow Significantly from An Estimated Value of USD 553.6 Million in 2017 to USD 814.1 Million By 2022, at a CAGR of 8.02%.

FEATURED COMPANIES

  • Algatechnologies
  • Beijing Ginko Group (Bgg)
  • Cyanotech Corporation
  • Fenchem Biotek Ltd.
  • Koninklijke Dsm N.V.
  • Supreme Biotechnologies
  • MORE

“The astaxanthin market is projected to grow at a CAGR of 8.02% during the forecast period.”

The astaxanthin market has been gaining importance due to its expanding end-use applications, rising awareness about preventive healthcare & nutraceuticals, and the growing demand for natural antioxidants in human and animal nutrition. Key players in the nutraceutical and cosmetic industries across the globe use astaxanthin due to its potent antioxidant activity, which confers benefits on the human health. Though the antioxidant property of astaxanthin drives the market, there are a few factors such as the high production cost of natural astaxanthin, adulteration, and government regulations, which restrain the growth of this market.

“The dietary supplements segment is projected to be the fastest-growing application of astaxanthin”

The application of astaxanthin in the dietary supplements industry accounted for the second-largest share in 2016, and is expected to grow at the highest CAGR during the forecast period. The numerous health benefits, such as cardiovascular and neurological health, offered by the super-oxidant property of astaxanthin, coupled with the growing nutraceuticals market, are the major drivers contributing to the exponential growth of dietary supplements segment.

“Petroleum was the largest segment, by source, in 2016”

Petroleum-derived astaxanthin accounted for the largest share in 2016; however, natural astaxanthin, derived from plants, microalgae, and marine animals is expected to grow at a higher CAGR compared to petroleum-based astaxanthin. Animal feed is the primary market which thrives on synthetic astaxanthin from petroleum, whereas human nutrition is majorly driven by natural astaxanthin. However, the demand for natural astaxanthin in animal nutrition has been increasing in recent years due to a number of safety issues associated with the consumption of animal meat treated with petroleum-based astaxanthin. Among other sources, plants are the fastest-growing segment, by source.

“Asia-Pacific: The largest astaxanthin market”

The Asia-Pacific region was the largest regional market for astaxanthin in 2016. The growing awareness of the importance of antioxidants such as astaxanthin in the human diet, the high consumption of astaxanthin from the aquafeed industry, and increasing demand for antioxidants from food and supplement industries, contribute to the significant share of the Asia-Pacific region in the global astaxanthin market. Major markets in the Asia-Pacific region include China, India, and Australia-New Zealand.

Break-up of Primaries:

  • By Company Type - Tier 1- 40%, Tier 2- 40%, Tier 3- 20%
  • By Designation - C level-20%, Directors-40%, Others- 40%
  • By Region - North America-25%, Europe-50%, and Asia-Pacific- 25%

Leading players profiled in this report are as follows:

  • Koninklijke DSM N.V. (Netherlands)
  • BASF SE (Germany)
  • Cyanotech Corporation (U.S.)
  • Otsuka Pharmaceuticals Co., Ltd.  (Japan)
  • Valensa International (U.S.)
  • Fuji Chemical Industries CO., Ltd. (Japan)
  • Divis Laboratories Ltd. (India)
  • Beijing Ginko Group (China)
  • Igene Biotechnology, Inc. (U.S.)
  • Piveg, Inc. (U.S.)
  • Fenchem Biotek, Ltd. (U.S.)
  • Algatechnologies (Israel)
  • Cardax, Inc. (U.S.)
  • Supreme Biotechnologies (New Zealand)

Study Coverage:

The astaxanthin market has been segmented on the basis of source, application, form, and method of production, which are further divided into their subsegments. It has also been segmented on the basis of region into North America, Europe, Asia-Pacific and the Rest of the World (RoW). 

Reasons to buy this report:

  • To get a comprehensive overview of the global astaxanthin market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by the players.
  • To gain insights of the countries/regions in the astaxanthin industry
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Algatechnologies
  • Beijing Ginko Group (Bgg)
  • Cyanotech Corporation
  • Fenchem Biotek Ltd.
  • Koninklijke Dsm N.V.
  • Supreme Biotechnologies
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.4 Periodization Considered for the Study
1.5 Currency
1.6 Units
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Macroindicators
2.2.1 Introduction
2.2.2 Increasing Geriatric Population
2.2.3 Changing Consumption Patterns
2.2.4 Prevalence of Nutritional Deficiency
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Assumptions And Limitations
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary
3.1 Astaxanthin Market, By Source Type

4 Premium Insights
4.1 Attractive Opportunities in the Astaxanthin Market
4.2 Astaxanthin Market, By Region
4.3 Asia-Pacific Astaxanthin Market, By Country And Source
4.4 Astaxanthin Market, By Application
4.5 Astaxanthin Market, By Source
4.6 Product Life Cycle, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Awareness Toward Preventive Healthcare & Nutraceuticals
5.2.1.2 Industrialization of the Feed Market
5.2.1.3 Increasing Demand for Cosmetic Products
5.2.2 Restraints
5.2.2.1 High Cost of Production
5.2.3 Opportunities
5.2.3.1 Government Initiatives to Support Aquaculture
5.2.3.2 Growing Demand for Natural Antioxidants
5.2.3.3 Growing Demand from Emerging Countries
5.2.4 Challenges
5.2.4.1 Adulteration And Clean Label Requirements
5.2.4.2 Government Regulations in Different Countries
5.3 Value Chain Analysis
5.4 Supply Chain Analysis

6 Astaxanthin Market, By Source
6.1 Introduction
6.2 Natural Source
6.2.1 Plants
6.2.2 Yeast & Microbes
6.2.3 Marine
6.3 Petroleum (Synthetic)

7 Astaxanthin Market, By Application
7.1 Introduction
7.2 Feed
7.3 Supplements
7.4 Food
7.5 Cosmetics

8 Astaxanthin Market, By Form
8.1 Introduction
8.2 Dry Form
8.3 Liquid Form

9 Astaxanthin Market, By Method of Production
9.1 Introduction
9.2 Microalgae Cultivation
9.3 Fermentation
9.4 Extraction
9.5 Chemical Synthesis

10 Astaxanthin Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 Italy
10.3.4 U.K.
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Australia & New Zealand
10.4.4 Rest of Asia-Pacific
10.5 Rest of the World (Row)
10.5.1 South America
10.5.2 the Middle East
10.5.3 Others in Row

11 Brand Overview
11.1 Introduction
11.2 Brands for Animal Application
11.2.1 Astareal
11.2.2 Ecotone
11.2.3 Astamarine
11.3 Brands for Human Application
11.3.1 Astasana
11.3.2 Astareal
11.3.3 Bioastin
11.3.4 Astazine
11.3.5 Zanthin
11.3.6 Astapure
11.3.7 Astasupreme
11.3.8 Astamarine

12 Regulations Governing the Astaxanthin Market
12.1 Overview
12.2 North America
12.2.1 Canada
12.2.2 U.S.
12.3 European Union (Eu)
12.4 Major Patents

13 Competitive Landscape
13.1 Introduction
13.2 Vendor Dive Analysis
13.2.1 Vanguards
13.2.2 Innovator
13.2.3 Dynamic
13.2.4 Emerging
13.3 Competitive Benchmarking
13.3.1 Product Offering (For All 22 Players)
13.3.2 Business Strategy (For All 22 Players)

14 Company Profiles
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Mnm View)*
14.1 Koninklijke Dsm N.V.
14.2 Basf Se
14.3 Cyanotech Corporation
14.4 Otsuka Pharmaceutical Co., Ltd.
14.5 Valensa International
14.6 Fuji Chemical Industries Co., Ltd.
14.7 Divis Laboratories Ltd.
14.8 Beijing Ginko Group (Bgg)
14.9 Igene Biotechnology Inc.
14.10 Piveg, Inc.
14.11 Fenchem Biotek Ltd.
14.12 Algatechnologies
14.13 Cardax, Inc.
14.14 Supreme Biotechnologies
*Details On Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Mnm View Might Not Be Captured in Case of Unlisted Companies.
 
15 Appendix
15.1 Discussion Guide
15.2 Knowledge Store: Subscription Portal
15.3 Introducing Rt: Real-Time Market Intelligence
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details

List of Tables
Table 1 Astaxanthin Market Size, By Source, 2015-2022 (USD Million)
Table 2 Astaxanthin Market Size, By Source, 2015-2022 (Mt)
Table 3 Plants: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 4 Plants: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 5 Yeast & Microbes: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 6 Yeast & Microbes: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 7 Marine: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 8 Marine: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 9 Petroleum: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 10 Petroleum: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 11 Astaxanthin Market Size, By Application, 2015-2022 (USD Million)
Table 12 Astaxanthin Market Size, By Application, 2015-2022 (Mt)
Table 13 Astaxanthin Market Size for Feed, By Region, 2015-2022 (USD Million)
Table 14 Astaxanthin Market Size for Feed, By Region, 2015-2022 (Mt)
Table 15 Astaxanthin Market Size for Supplements, By Region, 2015-2022 (USD Million)
Table 16 Astaxanthin Market Size for Supplements, By Region, 2015-2022 (Mt)
Table 17 Astaxanthin Market Size for Food, By Region, 2015-2022 (USD Million)
Table 18 Astaxanthin Market Size for Food, By Region, 2015-2022 (Mt)
Table 19 Astaxanthin Market Size for Cosmetics, By Region, 2015-2022 (USD Million)
Table 20 Astaxanthin Market Size for Cosmetics, By Region, 2015-2022 (Mt)
Table 21 Astaxanthin Market Size, By Form, 2015-2022 (USD Million)
Table 22 Astaxanthin Market Size, By Form, 2015-2022 (Mt)
Table 23 Dry Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 24 Dry Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 25 Liquid Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 26 Liquid Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 27 Astaxanthin Market Size, By Method of Production, 2015-2022 (USD Million)
Table 28 Astaxanthin Market Size, By Method of Production, 2015-2022 (Mt)
Table 29 Microalgae Cultivation: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 30 Microalgae Cultivation: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 31 Fermentation: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 32 Fermentation: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 33 Extraction: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 34 Extraction: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 35 Chemical Synthesis: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 36 Chemical Synthesis: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 37 Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 38 Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 39 North America: Astaxanthin Market Size, By Country, 2015-2022 (USD Million)
Table 40 North America: Astaxanthin Market Size, By Country, 2015-2022 (Mt)
Table 41 North America: Astaxanthin Market Size, By Source, 2015-2022 (USD Million)
Table 42 North America: Astaxanthin Market Size, By Source, 2015-2022 (Mt)
Table 43 North America: Astaxanthin Market Size, By Method of Production, 2015-2022 (USD Million)
Table 44 North America: Astaxanthin Market Size, By Method of Production, 2015-2022 (Mt)
Table 45 North America: Astaxanthin Market Size, By Application, 2015-2022 (USD Million)
Table 46 North America: Astaxanthin Market Size, By Application, 2015-2022 (Mt)
Table 47 North America: Astaxanthin Market Size, By Form, 2015-2022 (USD Million)
Table 48 North America: Astaxanthin Market Size, By Form, 2015-2022 (Mt)
Table 49 Europe: Astaxanthin Market Size, By Country, 2015-2022 (USD Million)
Table 50 Europe: Astaxanthin Market Size, By Country, 2015-2022 (Mt)
Table 51 Europe: Astaxanthin Market Size, By Source, 2015-2022 (USD Million)
Table 52 Europe: Astaxanthin Market Size, By Source, 2015-2022 (Mt)
Table 53 Europe: Astaxanthin Market Size, By Method of Production, 2015-2022 (USD Million)
Table 54 North America: Astaxanthin Market Size, By Method of Production, 2015-2022 (Mt)
Table 55 Europe: Astaxanthin Market Size, By Application, 2015-2022 (USD Million)
Table 56 Europe: Astaxanthin Market Size, By Application, 2015-2022 (Mt)
Table 57 Europe: Astaxanthin Market Size, By Form, 2015-2022 (USD Million)
Table 58 Europe: Astaxanthin Market Size, By Form, 2015-2022 (Mt)
Table 59 Asia-Pacific: Astaxanthin Market Size, By Country, 2015-2022 (USD Million)
Table 60 Asia-Pacific: Astaxanthin Market Size, By Country, 2015-2022 (Mt)
Table 61 Asia-Pacific: Astaxanthin Market Size, By Source, 2015-2022 (USD Million)
Table 62 Asia-Pacific: Astaxanthin Market Size, By Source, 2015-2022 (Mt)
Table 63 Asia-Pacific: Astaxanthin Market Size, By Method of Production, 2015-2022 (USD Million)
Table 64 Asia-Pacific: Astaxanthin Market Size, By Method of Production, 2015-2022 (Mt)
Table 65 Asia-Pacific: Astaxanthin Market Size, By Application, 2015-2022 (USD Million)
Table 66 Asia-Pacific: Astaxanthin Market Size, By Application, 2015-2022 (Mt)
Table 67 Asia-Pacific: Astaxanthin Market Size, By Form, 2015-2022 (USD Million)
Table 68 Asia-Pacific: Astaxanthin Market Size, By Form, 2015-2022 (Mt)
Table 69 Row: Astaxanthin Market Size, By Region, 2015-2022 (USD Million)
Table 70 Row: Astaxanthin Market Size, By Region, 2015-2022 (Mt)
Table 71 Row: Astaxanthin Market Size, By Source, 2015-2022 (USD Million)
Table 72 Row: Astaxanthin Market Size, By Source, 2015-2022 (Mt)
Table 73 Row: Astaxanthin Market Size, By Method of Production, 2015-2022 (USD Million)
Table 74 Row: Astaxanthin Market Size, By Method of Production, 2015-2022 (Mt)
Table 75 Row: Astaxanthin Market Size, By Application, 2015-2022 (USD Million)
Table 76 Row: Astaxanthin Market Size, By Application, 2015-2022 (Mt)
Table 77 Row: Astaxanthin Market Size, By Form, 2015-2022 (USD Million)
Table 78 Row: Astaxanthin Market Size, By Form, 2015-2022 (Mt)

List of Figures
Figure 1 Astaxanthin Market Segmentation
Figure 2 Astaxanthin Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Population Aged 65 And Above (% of Total Population)
Figure 5 Factors Affecting Consumption Patterns And Their Effect On Astaxanthin Consumption
Figure 6 Prevalence of Undernourishment (% of Population)
Figure 7 Market Size Estimation: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Market Breakdown & Data Triangulation
Figure 10 Overview of the Astaxanthin Market, 2016-2022
Figure 11 Synthetic Astaxanthin is Projected to Be the Larger Segment Between 2016 And 2022
Figure 12 Astaxanthin Market, By Source & Region, 2017-2022
Figure 13 Astaxanthin Market Size, By Application, 2017-2022 (USD Million)
Figure 14 Astaxanthin Market Size, By Region
Figure 15 Astaxanthin is An Emerging Market With Promising Growth Potential During the Forecast Period
Figure 16 Asia-Pacific is Projected to Grow at the Highest Rate from 2017 to 2022
Figure 17 Synthetic Astaxanthin Derived from Petroleum Products is Estimated to Hold the Largest Share in the Asia-Pacific Market in 2016
Figure 18 Feed Was the Largest Application Across All Regions, in Terms of Value, in 2016
Figure 19 Petroleum Was the Largest Source Across All Regions Except North America Where Plants Was Dominant, in Terms of Value, in 2016
Figure 20 Astaxanthin Market is at a Nascent Stage Globally
Figure 21 Astaxanthin: Market Dynamics
Figure 22 World Health Expenditure Per Capita (Current USD)
Figure 23 U.S. Health Expenditure Per Capita Vs. South Asian Health Expenditure Per Capita (USD)
Figure 24 Feed Consumption Share (Volume) By Livestock Type, 2014
Figure 25 Astaxanthin Market: Value Chain Analysis
Figure 26 Astaxanthin Market: Supply Chain Analysis
Figure 27 North American Astaxanthin Market: a Snapshot
Figure 28 Asia-Pacific Astaxanthin Market: a Snapshot
Figure 29 Dive Chart
Figure 30 Koninklijke Dsm N.V.: Company Snapshot
Figure 31 Koninklijke Dsm N.V.: Product Offering Scorecard
Figure 32 Koninklijke Dsm N.V.: Business Strategy Scorecard
Figure 33 Basf Se: Company Snapshot
Figure 34 Basf Se: Product Offering Scorecard
Figure 35 Basf Se: Business Strategy Scorecard
Figure 36 Cyanotech Corporation: Company Snapshot
Figure 37 Cyanotech Corporation: Product Offering Scorecard
Figure 38 Cyanotech Corporation: Business Strategy Scorecard
Figure 39 Otsuka Pharmaceutical Co., Ltd.: Company Snapshot
Figure 40 Otsuka Pharmaceutical Co., Ltd.: Product Offering Scorecard
Figure 41 Otsuka Pharmaceutical Co., Ltd.: Business Strategy Scorecard
Figure 42 Valensa International: Company Snapshot
Figure 43 Valensa International: Product Offering Scorecard
Figure 44 Valensa International: Business Strategy Scorecard
Figure 45 Fuji Chemical Industries Co., Ltd: Product Offering Scorecard
Figure 46 Fuji Chemical Industries Co., Ltd: Business Strategy Scorecard
Figure 47 Divis Laboratories Ltd.: Company Snapshot
Figure 48 Divis Laboratories Ltd.: Product Offering Scorecard
Figure 49 Divis Laboratories Ltd.: Business Strategy Scorecard
Figure 50 Beijing Ginko Group (Bgg): Product Offering Scorecard
Figure 51 Beijing Ginko Group (Bgg): Business Strategy Scorecard
Figure 52 Igene: Product Offering Scorecard
Figure 53 Igene: Business Strategy Scorecard
Figure 54 Piveg, Inc: Product Offering Scorecard
Figure 55 Piveg, Inc: Business Strategy Scorecard
Figure 56 Fenchem Biotek Ltd.: Product Offering Scorecard
Figure 57 Fenchem Biotek Ltd.: Business Strategy Scorecard
Figure 58 Algatechnologies: Product Offering Scorecard
Figure 59 Algatechnologies: Business Strategy Scorecard
Figure 60 Cardax, Inc.: Product Offering Scorecard
Figure 61 Cardax, Inc.: Business Strategy Scorecard
Figure 62 Supreme Biotechnologies: Product Offering Scorecard
Figure 63 Supreme Biotechnologies: Business Strategy Scorecard

Note: Product cover images may vary from those shown
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  • Algatechnologies
  • Basf Se
  • Beijing Ginko Group (Bgg)
  • Cardax, Inc.
  • Cyanotech Corporation
  • Divis Laboratories Ltd.
  • Fenchem Biotek Ltd.
  • Fuji Chemical Industries Co., Ltd.
  • Igene Biotechnology Inc.
  • Koninklijke Dsm N.V.
  • Otsuka Pharmaceutical Co., Ltd.
  • Piveg, Inc.
  • Supreme Biotechnologies
  • Valensa International
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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