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Europe Astaxanthin Market Size, Share & Trends Analysis Report by Source (Natural, Synthetic), by Product (Dried Algae Meal or Biomass, Oil, Softgel, Liquid), by Application, and Segment Forecasts, 2025-2033

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    Report

  • 150 Pages
  • August 2025
  • Region: Europe
  • Grand View Research
  • ID: 6168277
The Europe astaxanthin market size was estimated at USD 552.50 million in 2024 and is projected to reach USD 1.70 billion by 2033, growing at a CAGR of 13.00% from 2025 to 2033. The increasing demand for natural antioxidants in the health and wellness sector is driving market expansion, as consumers increasingly focus on preventive healthcare and opt for nutritional supplements sourced from nature. Awareness of astaxanthin’s anti-inflammatory and antioxidative properties encourages its use for skin, eye, and cardiovascular health.

The growing incidence of age-related disorders prompts elderly consumers to include it in their daily routines, while athletes and fitness enthusiasts value its role in muscle recovery and endurance. Clean-label trends are boosting the adoption of microalgae-derived astaxanthin across Europe. At Vitafoods Europe 2024, Divi’s Nutraceuticals launched AstaBead, highly concentrated beadlets (5% astaxanthin) from microalgae oleoresin produced with 100% renewable energy, offering a clean-label, sugar-free, palm-oil-free, and nanoparticle-free solution. The shift toward chemical-free, plant-based nutraceuticals continues to reinforce this growth.

The cosmetics industry contributes significantly to market growth as astaxanthin gains traction as an active ingredient in anti-aging formulations. Skin care brands increasingly incorporate it into serums, creams, and sunscreens because it can combat oxidative stress and support skin elasticity. Consumer preference for beauty-from-within solutions is boosting the demand for ingestible astaxanthin supplements in the nutricosmetics category. Social media campaigns and influencer-driven marketing are accelerating product visibility among young consumers. In late 2023, the EU amended its novel food regulations to permit astaxanthin use in children aged 3-10 and adolescents aged 10-14, reflecting enhanced safety confidence and enabling product innovation targeting younger consumers. Moreover, scientific studies highlighting astaxanthin’s photoprotective and moisturizing effects are strengthening its positioning in premium personal care lines. Key market players are investing in advanced formulations that combine astaxanthin with collagen, hyaluronic acid, and other actives to enhance efficacy, widening the product appeal across various consumer demographics.

Europe Astaxanthin Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. The analyst has segmented the Europe astaxanthin market report based on source, product, application, and country:

Source Outlook (Revenue, USD Million, 2021-2033)

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

Product Outlook (Revenue, USD Million, 2021-2033)

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

Application Outlook (Revenue, USD Million, 2021-2033)

  • Nutraceuticals
  • Cosmetics
  • Aquaculture and Animal Feed
  • Food
  • Functional Foods and Beverages
  • Other Traditional Food Manufacturing Applications
  • Others

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the industry across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segmental and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listings for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

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

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Source
1.2.2. Product
1.2.3. Application
1.3. Estimates and Forecast Timeline
1.4. Research Methodology
1.5. Information Procurement
1.5.1. Purchased Database
1.5.2. Internal Database
1.5.3. Secondary Sources
1.5.4. Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Models
1.7. Market Formulation & Data Visualization
1.8. Model Details
1.8.1. Commodity Flow Analysis
1.9. List of Secondary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Europe Astaxanthin Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. Business Environment Analysis
3.3.1. Industry Analysis - Porter’s Five Forces Analysis
3.3.1.1. Supplier Power
3.3.1.2. Buyer Power
3.3.1.3. Substitution Threat
3.3.1.4. Threat of New Entrants
3.3.1.5. Competitive Rivalry
3.3.2. PESTLE Analysis
3.3.3. Pipeline Analysis
3.3.4. Patent Expiry Analysis
3.3.5. Pricing Analysis
Chapter 4. Europe Astaxanthin Market: Source Business Analysis
4.1. Source Market Share, 2024 & 2033
4.2. Source Segment Dashboard
4.3. Market Size & Forecasts and Trend Analysis, by Source, 2021 to 2033 (USD Million)
4.4. Natural
4.4.1. Natural Market, 2021-2033 (USD Million)
4.4.2. Yeast
4.4.2.1. Yeast Market, 2021-2033 (USD Million)
4.4.3. Krill/Shrimp
4.4.3.1. Krill/Shrimp Market, 2021-2033 (USD Million)
4.4.4. Microalgae
4.4.4.1. Microalgae Market, 2021-2033 (USD Million)
4.4.5. Others
4.4.5.1. Others Market, 2021-2033 (USD Million)
4.5. Synthetic
4.5.1. Synthetic Market, 2021-2033 (USD Million)
Chapter 5. Europe Astaxanthin Market: Product Business Analysis
5.1. Product Market Share, 2024 & 2033
5.2. Product Segment Dashboard
5.3. Market Size & Forecasts and Trend Analysis, by Product, 2021 to 2033 (USD Million)
5.4. Dried Algae Meal or Biomass
5.4.1. Dried Algae Meal or Biomass Market, 2021-2033 (USD Million)
5.5. Oil
5.5.1. Oil Market, 2021-2033 (USD Million)
5.6. Softgel
5.6.1. Softgel Market, 2021-2033 (USD Million)
5.7. Liquid
5.7.1. Liquid Market, 2021-2033 (USD Million)
5.8. Others
5.8.1. Others Market, 2021-2033 (USD Million)
Chapter 6. Europe Astaxanthin Market: Application Business Analysis
6.1. Application Market Share, 2024 & 2033
6.2. Application Segment Dashboard
6.3. Market Size & Forecasts and Trend Analysis, by Application, 2021 to 2033 (USD Million)
6.4. Nutraceuticals
6.4.1. Nutraceuticals Market, 2021-2033 (USD Million)
6.5. Cosmetics
6.5.1. Cosmetics Market, 2021-2033 (USD Million)
6.6. Aquaculture and Animal Feed
6.6.1. Aquaculture and Animal Feed Market, 2021-2033 (USD Million)
6.7. Food
6.7.1. Food Market, 2021-2033 (USD Million)
6.7.2. Functional Foods and Beverages
6.7.2.1. Functional Foods and Beverages Market, 2021-2033 (USD Million)
6.7.3. Other Traditional Food Manufacturing Applications
6.7.3.1. Other Traditional Food Manufacturing Applications Market, 2021-2033 (USD Million)
6.8. Others
6.8.1. Others Market, 2021-2033 (USD Million)
Chapter 7. Competitive Landscape
7.1. Participant Overview
7.2. Company Market Position Analysis
7.3. Company Categorization
7.4. Strategy Mapping
7.5. Company Profiles/Listing
7.5.1. Algalíf Iceland hf.
7.5.1.1. Overview
7.5.1.2. Financial Performance
7.5.1.3. Product Benchmarking
7.5.1.4. Strategic Initiatives
7.5.2. ALGAMO
7.5.2.1. Overview
7.5.2.2. Financial Performance
7.5.2.3. Product Benchmarking
7.5.2.4. Strategic Initiatives
7.5.3. BASF SE
7.5.3.1. Overview
7.5.3.2. Financial Performance
7.5.3.3. Product Benchmarking
7.5.3.4. Strategic Initiatives
7.5.4. DSM (dsm-firmenich)
7.5.4.1. Overview
7.5.4.2. Financial Performance
7.5.4.3. Product Benchmarking
7.5.4.4. Strategic Initiatives
7.5.5. Nutri-Link
7.5.5.1. Overview
7.5.5.2. Financial Performance
7.5.5.3. Product Benchmarking
7.5.5.4. Strategic Initiatives
7.5.6. The Synergy Company
7.5.6.1. Overview
7.5.6.2. Financial Performance
7.5.6.3. Product Benchmarking
7.5.6.4. Strategic Initiatives
7.5.7. Sea & Sun Organic GmbH
7.5.7.1. Overview
7.5.7.2. Financial Performance
7.5.7.3. Product Benchmarking
7.5.7.4. Strategic Initiatives
7.5.8. Fraunhofer CBP
7.5.8.1. Overview
7.5.8.2. Financial Performance
7.5.8.3. Product Benchmarking
7.5.8.4. Strategic Initiatives
7.5.9. VALENSA INTERNATIONAL
7.5.9.1. Overview
7.5.9.2. Financial Performance
7.5.9.3. Product Benchmarking
7.5.9.4. Strategic Initiatives
7.5.10. AstaReal
7.5.10.1. Overview
7.5.10.2. Financial Performance
7.5.10.3. Product Benchmarking
7.5.10.4. Strategic Initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 Europe astaxanthin market, by Source, 2021-2033 (USD Million)
Table 4 Europe astaxanthin market, by Product, 2021-2033 (USD Million)
Table 5 Europe astaxanthin market, by Application, 2021-2033 (USD Million)
Table 6 UK astaxanthin market, by Source, 2021-2033 (USD Million)
Table 7 UK astaxanthin market, by Product, 2021-2033 (USD Million)
Table 8 UK astaxanthin market, by Application, 2021-2033 (USD Million)
Table 9 Germany astaxanthin market, by Source, 2021-2033 (USD Million)
Table 10 Germany astaxanthin market, by Product, 2021-2033 (USD Million)
Table 11 Germany astaxanthin market, by Application, 2021-2033 (USD Million)
Table 12 France astaxanthin market, by Source, 2021-2033 (USD Million)
Table 13 France astaxanthin market, by Product, 2021-2033 (USD Million)
Table 14 France astaxanthin market, by Application, 2021-2033 (USD Million)
Table 15 Spain astaxanthin market, by Source, 2021-2033 (USD Million)
Table 16 Spain astaxanthin market, by Product, 2021-2033 (USD Million)
Table 17 Spain astaxanthin market, by Application, 2021-2033 (USD Million)
Table 18 Italy astaxanthin market, by Source, 2021-2033 (USD Million)
Table 19 Italy astaxanthin market, by Product, 2021-2033 (USD Million)
Table 20 Italy astaxanthin market, by Application, 2021-2033 (USD Million)
Table 21 Denmark astaxanthin market, by Source, 2021-2033 (USD Million)
Table 22 Denmark astaxanthin market, by Product, 2021-2033 (USD Million)
Table 23 Denmark astaxanthin market, by Application, 2021-2033 (USD Million)
Table 24 Sweden astaxanthin market, by Source, 2021-2033 (USD Million)
Table 25 Sweden astaxanthin market, by Product, 2021-2033 (USD Million)
Table 26 Sweden astaxanthin market, by Application, 2021-2033 (USD Million)
Table 27 Norway astaxanthin market, by Source, 2021-2033 (USD Million)
Table 28 Norway astaxanthin market, by Product, 2021-2033 (USD Million)
Table 29 Norway astaxanthin market, by Application, 2021-2033 (USD Million)
List of Figures
Figure 1 Europe astaxanthin market segmentation
Figure 2 Market research process
Figure 3 Data triangulation techniques
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value-chain-based sizing & forecasting
Figure 7 Market formulation & validation
Figure 8 Market snapshot
Figure 9 Competitive landscape
Figure 10 Europe astaxanthin market dynamics
Figure 11 Europe astaxanthin market: Porter’s five forces analysis
Figure 12 Europe astaxanthin market: PESTLE analysis
Figure 13 Source market, 2021-2033 (USD Million)
Figure 14 Natural market, 2021-2033 (USD Million)
Figure 15 Yeast market, 2021-2033 (USD Million)
Figure 16 Krill/Shrimp market, 2021-2033 (USD Million)
Figure 17 Microalgae market, 2021-2033 (USD Million)
Figure 18 Others market, 2021-2033 (USD Million)
Figure 19 Synthetic market, 2021-2033 (USD Million)
Figure 20 Product market, 2021-2033 (USD Million)
Figure 21 Dried algae meal or biomass market, 2021-2033 (USD Million)
Figure 22 Oil market, 2021-2033 (USD Million)
Figure 23 Softgel market, 2021-2033 (USD Million)
Figure 24 Liquid market, 2021-2033 (USD Million)
Figure 25 Others market, 2021-2033 (USD Million)
Figure 26 Application market, 2021-2033 (USD Million)
Figure 27 Nutraceuticals market, 2021-2033 (USD Million)
Figure 28 Cosmetics market, 2021-2033 (USD Million)
Figure 29 Aquaculture and animal feed market, 2021-2033 (USD Million)
Figure 30 Food market, 2021-2033 (USD Million)
Figure 31 Functional foods and beverages market, 2021-2033 (USD Million)
Figure 32 Other traditional food manufacturing applications market, 2021-2033 (USD Million)
Figure 33 Others market, 2021-2033 (USD Million)
Figure 34 Europe Astaxanthin market revenue, by country
Figure 35 Country marketplace: Key takeaways
Figure 36 UK country dynamics
Figure 37 UK Astaxanthin market, 2021-2033 (USD Million)
Figure 38 Germany country dynamics
Figure 39 Germany Astaxanthin market, 2021-2033 (USD Million)
Figure 40 France country dynamics
Figure 41 France Astaxanthin market, 2021-2033 (USD Million)
Figure 42 Spain country dynamics
Figure 43 Spain Astaxanthin market, 2021-2033 (USD Million)
Figure 44 Italy country dynamics
Figure 45 Italy Astaxanthin market, 2021-2033 (USD Million)
Figure 46 Denmark country dynamics
Figure 47 Denmark Astaxanthin market, 2021-2033 (USD Million)
Figure 48 Sweden country dynamics
Figure 49 Sweden Astaxanthin market, 2021-2033 (USD Million)
Figure 50 Norway country dynamics
Figure 51 Norway Astaxanthin market, 2021-2033 (USD Million)

Companies Mentioned

The major companies profiled in this Europe Astaxanthin market report include:
  • Algalíf Iceland hf.
  • ALGAMO
  • BASF SE
  • DSM (dsm-firmenich)
  • Nutri-Link
  • The Synergy Company
  • Sea & Sun Organic GmbH
  • Fraunhofer CBP
  • VALENSA INTERNATIONAL
  • AstaReal

Table Information