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Astaxanthin Market Share, Size, Trends, Industry Analysis Report, By Source; By Product; By Application; By Regions; Segment Forecast, 2021 - 2028

  • ID: 5312205
  • Report
  • March 2021
  • Region: Global
  • 111 pages
  • Polaris Market Research

FEATURED COMPANIES

  • Algae Health Sciences
  • Algatechnologies.
  • Cyanotech Corporation
  • EID-Parry (India) Ltd.
  • Fenchem
  • IGENE Biotechnology Inc.
  • MORE
The global astaxanthin market size is expected to reach USD 4.06 billion by 2028 according to a new study. The report “Astaxanthin Market Share, Size, Trends, Industry Analysis Report, By Source (Natural [Yeast, Krill/Shrimp, Microalgae], Synthetic); By Product (Dried Algae Meal or Biomass, Oil, Softgel, Liquid); By Application (Nutraceuticals, Cosmetics, Aquaculture & Animal Feed); By Regions; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Owing to its inflammatory properties it helps in pain reduction in joints, muscles, and tendons in patients suffering from chronic arthritis. Moreover, the rising prevalence of cognitive health disorders, diabetes, and cardiovascular diseases is also expected to favor market growth for astaxanthin. Astaxanthin helps in continuous blood flow in patients suffering from diabetes and high blood pressure.

In 2020, the natural market segment of the astaxanthin industry held the largest share and is likely to grow at a rapid pace over the assessment period. It is produced from naturally produced algae and yeasts and is largely popular in the biotechnology market, owing to its huge demand in pharmaceutical, feed, and nutraceuticals fields. Moreover, high carotenoid content, low maintenance cost, and rising demand for natural food supplements also boosting the market segment demand over the coming years.

Significant advancements in culture conditions, supported with technical abilities of OMICS, and health benefits offered by astaxanthin and carotenoids also fueled the segment’s growth. The growing demand for natural food supplements and negative perception of chemical products also projected to favor its growth. Most of the key players in the market for astaxanthin, such as BGG and Cyanotech, are strongly focusing on innovative technologies such as microalgae cultivation and concerned harvesting procedures.

Companies operating in the market for astaxanthin Cyanotech Corporation; Solix Algredients, JX Nippon Oil and Energy Corporation; IGENE Biotechnology, Inc.; Micro AS; Beijing Gingko Group (BGG); BlueOcean NutraSciences, Inc.; Fuji Chemical Industry Co., Ltd.; Algae Health Sciences, Fenchem; EID-Parry (India) Ltd.; and Algatechnologies.

Companies in the market for astaxanthin are focusing on innovation to enter into a promising sector. In this line, the Israel-based company, NextFerm Technologies Ltd., introduced AstaFerm. The product is the natural astaxanthin obtained through an innovative yeast fermentation process. This is a potent, odor, flavor-free, and free-flowing material. This is regarded as an effective antioxidant with proven potential towards immune reactions while maintaining faster recovery.

The publisher has segmented the astaxanthin market report on the basis of source, product, application, and region:

Astaxanthin, Source Outlook
  • Natural
  • Yeast
  • Krill/Shrimp
  • Microalgae
  • Others
  • Synthetic
Astaxanthin, Product Outlook
  • Dried Algae Meal or Biomass
  • Oil
  • Softgel
  • Liquid
  • Others
Astaxanthin, Application Outlook
  • Nutraceuticals
  • Cosmetics
  • Aquaculture & Animal Feed
  • Others
Astaxanthin, by Regional Outlook
  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
  • Malaysia
  • Central & South America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Algae Health Sciences
  • Algatechnologies.
  • Cyanotech Corporation
  • EID-Parry (India) Ltd.
  • Fenchem
  • IGENE Biotechnology Inc.
  • MORE
1. Introduction
1.1. Report Description
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.2. Data Sources

4. Astaxanthin Market Insights
4.1. Astaxanthin - Industry Snapshot
4.2. Astaxanthin Market Dynamics
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Astaxanthin Market Industry trends

5. Astaxanthin Market Assessment by Source
5.1. Key Findings
5.2. Introduction
5.3. Natural
5.4. Synthetic

6. Global Astaxanthin Market, by Product
6.1. Key Findings
6.2. Introduction
6.3. Dried algae meal or Biomass
6.4. Oil
6.5. Softgel
6.6. Liquid
6.7. Others

7. Astaxanthin Market Assessment by Application
7.1. Key Findings
7.2. Introduction
7.3. Nutraceuticals
7.4. Cosmetics
7.5. Aquaculture & Animal Feed
7.6. Others

8. Astaxanthin Market Assessment by Geography
8.1. Key findings
8.2. Introduction
8.3. Astaxanthin Market - North America
8.4. Astaxanthin Market - Europe
8.5. Astaxanthin Market - Asia-Pacific
8.6. Astaxanthin Market - Middle East & Africa
8.7. Astaxanthin Market - Latin America

9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles
10.1. Cyanotech Corporation
10.2. Solix Algredients
10.3. JX Nippon Oil and Energy Corporation
10.4. IGENE Biotechnology, Inc.
10.5. Micro AS
10.6. Beijing Gingko Group (BGG)
10.7. BlueOcean NutraSciences, Inc.
10.8. Fuji Chemical Industry Co., Ltd.
10.9. Algae Health Sciences
10.10. Fenchem

List of Tables
Table 1 Global Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 2 Global Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 3 Global Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 4 Astaxanthin Market Assessment, By Geography, 2016 - 2028 (USD Million)
Table 5 North America: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 6 North America: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 7 North America: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 8 U.S.: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 9 U.S.: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 10 U.S.: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 11 Canada: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 12 Canada: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 13 Canada: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 14 Europe: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 15 Europe: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 16 Europe: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 17 UK: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 18 UK: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 19 UK: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 20 France: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 21 France: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 22 France: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 23 Germany: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 24 Germany: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 25 Germany: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 26 Italy: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 27 Italy: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 28 Italy: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 29 Spain: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 30 Spain: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 31 Spain: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 32 Netherlands: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 33 Netherlands: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 34 Netherlands: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 35 Austria: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 36 Austria: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 37 Austria: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 38 Asia Pacific: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 39 Asia Pacific: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 40 Asia Pacific: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 41 China: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 42 China: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 43 China: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 44 India: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 45 India: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 46 India: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 47 Malaysia: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 48 Malaysia: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 49 Malaysia: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 50 Japan: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 51 Japan: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 52 Japan: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 53 Indonesia: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 54 Indonesia: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 55 Indonesia: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 56 South Korea: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 57 South Korea: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 58 South Korea: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 59 Middle East & Africa: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 60 Middle East & Africa: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 61 Middle East & Africa: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 62 Saudi Arabia: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 63 Saudi Arabia: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 64 Saudi Arabia: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 65 UAE: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 66 UAE: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 67 UAE: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 68 Israel: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 69 Israel: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 70 Israel: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 71 South Africa: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 72 South Africa: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 73 South Africa: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 74 Latin America: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 75 Latin America: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 76 Latin America: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 77 Mexico: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 78 Mexico: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 79 Mexico: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 80 Brazil: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 81 Brazil: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 82 Brazil: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)
Table 83 Argentina: Astaxanthin Market, By Source, 2016 - 2028 (USD Million)
Table 84 Argentina: Astaxanthin Market, By Product, 2016 - 2028 (USD Million)
Table 85 Argentina: Astaxanthin Market, By Application, 2016 - 2028 (USD Million)

List of Figures
Figure 1. Market Highlights (2020, Revenue)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter’s Five Forces
Figure 6. Market by Source
Figure 7. Global Astaxanthin Market, By Source, 2020 & 2028 (USD Million)
Figure 8. Market by Product
Figure 9. Global Astaxanthin Market, By Product, 2020 & 2028 (USD Million)
Figure 10. Market by Application
Figure 11. Global Astaxanthin Market, By Application, 2020 & 2028 (USD Million)
Figure 12. Astaxanthin Market Assessment, By Geography, 2016 - 2028 (USD Million)
Figure 13. Strategic Analysis - Astaxanthin Market
Note: Product cover images may vary from those shown
  • Cyanotech Corporation
  • Solix Algredients
  • JX Nippon Oil and Energy Corporation
  • IGENE Biotechnology Inc.
  • Micro AS
  • Beijing Gingko Group (BGG)
  • BlueOcean NutraSciences Inc.
  • Fuji Chemical Industry Co. Ltd.
  • Algae Health Sciences
  • Fenchem
  • EID-Parry (India) Ltd.
  • Algatechnologies.
Note: Product cover images may vary from those shown
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