+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Astaxanthin Market Size, Share & Trends Analysis Report by Source, by Product (Dried Algae Meal, Oil, Softgel), by Application (Nutraceutical, Cosmetics, Aquaculture and Animal Feed), and Segment Forecasts, 2020 - 2027

  • ID: 4375419
  • Report
  • February 2020
  • Region: Global
  • 76 Pages
  • Grand View Research

FEATURED COMPANIES

  • Cyanotech Corporation
  • FENCHEM
  • MicroA
The global astaxanthin market size is expected to reach USD 3.4 billion by 2027, expanding at a CAGR of 16.2%. Increasing awareness about nutrition for healthy lifestyle and growing preference for dietary supplements due to high hospitalization costs are factors fueling the demand for nutraceuticals and natural antioxidants, thus driving the market.

The key concerns regarding the adverse effects of chemical-based cosmetics has driven focus on the use of natural cosmetics and pharmaceuticals. Also, nutraceuticals have found a major application in the field of dermatology. For instance, in April 2019, researches in Japan and China investigated the use of astaxanthin on skin aging using mouse model and found that it improved dysregulation of aging-related gene expression.

Astaxanthin is widely used as a high value keto‐carotenoid pigment for coloring of fishes like prawns, salmon, trout, and ornamental fishes, in order to increase their commercial value. Apart from coloring of aquatic animals, the carotenoid also improved the biological properties like improvements in survival, reproductive capacity, growth performance, stress tolerance, immune‐related gene expression, and disease resistance.

Major players are focusing on new product development and collaborative agreements to meet the increasing demand for the carotenoid in aquaculture. For instance, Heliae collaborated with Syndel Laboratories Ltd. for production of producing Nymega-an aquaculture feed ingredient-which was expected to be commercialized in 2017. Thus, increased adoption of the carotenoid in the aforementioned applications is anticipated to drive the market.

Further key findings from the report suggest:
  • Naturally produced astaxanthin held the largest market share of 51.1% in 2019, owing to rising awareness about its multifunctional health benefit and safety
  • Microalgae is expected to be one of the largest and fastest growing natural source segments, due to the increasing use of H. pluvialis for production of high-quality astaxanthin and its ability to generate more astaxanthin even in stressful environmental conditions such as dried ponds
  • Technological advancements used in the manufacturing of synthetic astaxanthin such as two-stage mixotrophic culture system and an attached cultivation system are further fueling market growth
  • Although synthetic astaxanthin is gaining popularity, clinically it is inferior to its natural form, as it is usually manufactured using petrochemicals and has lower level of antioxidants
  • Algatech Ltd. is a biotechnology company that specializes in commercial cultivation, production, and supply of microalgae and AstaPure-a natural astaxanthin, and also provides consultation and post-processing for large-scale microalgae cultivation.
  • The softgel capsules segment is expected to witness lucrative growth over the forecast period due to rapidly gaining acceptance as oral nutraceutical.
  • Nutraceuticals are estimated to grow at a significant pace over the forecast period due to factors such as low adverse effects, antioxidant properties, and high nutritional value.
  • Favorable government regulations, presence of a strong target population with nutritional deficiencies in countries like India, China, and Japan are major factors estimated to provide high growth opportunities to the Asia Pacific region
  • Some of the major players in the astaxanthin market are IGENE Biotechnology, Inc., Fenchem, Beijing Gingko Group (BGG), EID Parry (India) Ltd., JX Nippon Oil and Energy Corporation, Heliae Development, LLC, BlueOcean NutraSciences, Inc., Cyanotech Corporation, Alga Technologies, Fuji Chemicals Industry Co., Ltd., and MicroA AS


This product will be delivered within 1-3 business days.

FEATURED COMPANIES

  • Cyanotech Corporation
  • FENCHEM
  • MicroA

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation
Chapter 4 Market Definitions
Chapter 5 Industry Outlook
5.1 Market Driver Analysis
5.1.1 Increasing demand for nutraceuticals and natural antioxidants
5.1.2 Introduction of advanced technologies
5.1.3 Increase in adoption of natural cosmetics, nutraceuticals, and pharmaceuticals
5.1.4 Increased use in aquaculture and coloring of fish
5.2 Market Restraint Analysis
5.2.1 High cost of production
5.2.2 Excess space requirement
5.3 Key Opportunities Prioritized
5.3.1 Key opportunities prioritized
Chapter 6 Business Environment Analysis
6.1 SWOT Analysis; by factor (Political & Legal, economic, and technological)
6.2 Porter’s Five Forces Analysis
6.3 Regulatory Framework
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East and Africa
Chapter 7 Competitive Analysis
7.1 Vendor Landscape
7.1.1 List of key distributors and channel partners
7.1.2 Key company market share analysis, 2019
7.2 Public Companies
7.2.1 Company market position analysis
7.2.2 Competitive dashboard analysis
7.3 Private Companies
7.3.1 List of key emerging companies /technology disruptors/innovators
7.3.2 Regional network map
Chapter 8 Astaxanthin Market: Source Estimates & Trend Analysis
8.1 Astaxanthin Market: Source Movement Analysis
8.2 Natural
8.2.1 Natural market, 2016 - 2027 (USD Million)
8.2.1.1 Yeast
8.2.1.1.2 Yeast market, 2016 - 2027 (USD Million)
8.2.1.2 Krill/Shrimp
8.2.1.2.1 Krill/Shrimp market, 2016 - 2027 (USD Million)
8.2.1.3 Microalgae
8.2.1.3.1 Microalgae market, 2016 - 2027 (USD Million)
8.2.1.4 Others
8.2.1.4.1 Others market, 2016 - 2027 (USD Million)
8.2.2 Synthetic
8.2.2.1.1 Synthetic market, 2016 - 2027 (USD Million)
Chapter 9 Astaxanthin Market: Product Estimates & Trend Analysis
9.1 Astaxanthin market: Product movement analysis
9.1.1 Dried Algae Meal or Biomass
9.1.1.1 Dried algae meal or biomass market, 2016 - 2027 (USD Million)
9.1.2 Oil
9.1.2.1 Oil market, 2016 - 2027 (USD Million)
9.1.3 Softgel
9.1.3.1 Softgel market, 2016 - 2027 (USD Million)
9.1.4 Liquid
9.1.4.1 Liquid market, 2016 - 2027 (USD Million)
9.1.5 Others
9.1.5.1 Others Market, 2016 - 2027 (USD Million)
Chapter 10 Astaxanthin Market: Application Estimates & Trend Analysis
10.1 Astaxanthin market: Application movement analysis
10.1.1 Nutraceuticals
10.1.1.1 Nutraceuticals market, 2016 - 2027 (USD Million)
10.1.2 Cosmetics
10.1.2.1 Cosmetics market, 2016 - 2027 (USD Million)
10.1.3 Aquaculture and animal feed
10.1.3.1 Aquaculture and animal feed market, 2016 - 2027 (USD Million)
10.1.4 Others
10.1.4.1 Others market, 2016 - 2027 (USD Million)
Chapter 11 Astaxanthin Market: Regional Estimates & Trend Analysis, by Source, Product, Application
11.1 Astaxanthin market: Regional movement analysis
11.2 North America
11.2.1 North America market estimates and forecast, 2016 - 2027 (USD Million)
11.2.2 U.S.
11.2.2.1 U.S. astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.2.3 Canada
11.2.3.1 Canada market estimates and forecast, 2016 - 2027 (USD Million)
11.3 Europe
11.3.1 Europe astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.3.2 Germany
11.3.2.1 Germany astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.3.3 U.K.
11.3.3.1 U.K. astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.3.4 France
11.3.4.1 France astaxanthin market estimates and forecast, 2016 - 2027
11.3.5 Spain
11.3.5.1 Spain astaxanthin market estimates and forecast, 2016 - 2027
11.3.6 Italy
11.3.6.1 Italy astaxanthin market estimates and forecast, 2016 - 2027
11.3.7 Russia
11.3.7.1 Russia astaxanthin market estimates and forecast, 2016 - 2027
11.4 Asia Pacific
11.4.1 Asia Pacific astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.4.2 Japan
11.4.2.1 Japan astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.4.3 China.
11.4.3.1 China astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.4.4 India
11.4.4.1 India astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.4.5 South Korea
11.4.5.1 South Korea astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.4.6 Australia
11.4.6.1 Australia astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.4.7 Singapore
11.4.7.1 Singapore astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.5 Latin America
11.5.1 Latin America astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.5.2 Brazil
11.5.2.1 Brazil astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.5.3 Mexico
11.5.3.1 Mexico astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.5.4 Argentina
11.5.4.1 Argentina astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.6 Middle East & Africa
11.6.1 Middle-East and Africa astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.6.2 South Africa
11.6.2.1 South Africa astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.6.3 Israel
11.6.3.1 Israel astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.6.4 Saudi Arabia
11.6.4.1 Saudi Arabia astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
11.6.5 UAE
11.6.5.1 UAE astaxanthin market estimates and forecast, 2016 - 2027 (USD Million)
Chapter 12 COMPANY PROFILE
12.1 Strategy Framework
12.2 Market Participation Categorization
12.3 Company Profiles
12.3.1 Algatech LTD (Solabia Group)
12.3.1.1 Company overview
12.3.1.2 Product benchmarking
12.3.1.3 Strategic initiatives
12.3.2 Cyanotech Corporation
12.3.2.1 Company overview
12.3.2.2 Financial performance
12.3.2.3 Product benchmarking
12.3.2.4 Strategic initiatives
12.3.3 Fuji Chemical Industries Co., Ltd.
12.3.3.1 Company overview
12.3.3.2 Product benchmarking
12.3.3.3 Strategic initiatives
12.3.4 BlueOcean NutraSciences (Pure Polar Labs, Inc.)
12.3.4.1 Company overview
12.3.4.2 Product benchmarking
12.3.4.3 Strategic initiatives
12.3.5 FENCHEM
12.3.5.1 Company overview
12.3.5.2 Product benchmarking
12.3.6 MicroA
12.3.6.1 Company overview
12.3.6.2 Product benchmarking
12.3.6.3 Strategic initiatives
12.3.7 E.I.D. - Parry (India) Limited
12.3.7.1 Company overview
12.3.7.2 Financial performance
12.3.7.3 Product benchmarking
12.3.7.4 Strategic initiatives
12.3.8 Beijing Gingko Group (BGG)
12.3.8.1 Company overview
12.3.8.2 Product benchmarking
12.3.8.3 Strategic initiatives
12.3.9 JXTG Nippon Oil & Energy Corporation
12.3.9.1 Company overview
12.3.9.2 Financial performance
12.3.9.3 Product benchmarking
12.3.9.4 Strategic initiatives
  • Algatech LTD (Solabia Group)
  • Cyanotech Corporation
  • Fuji Chemical Industries Co., Ltd.
  • BlueOcean NutraSciences (Pure Polar Labs, Inc.)
  • FENCHEM
  • MicroA
  • E.I.D. - Parry (India) Limited
  • Beijing Gingko Group (BGG)
  • JXTG Nippon Oil & Energy Corporation

Loading
LOADING...