Global Astaxanthin Market, By Nature (Natural Source, Petroleum (Synthetic)), Product Type (Aematococcus pluvialis microalgae Astaxanthin, Synthetic Astaxanthin, Astaxanthin rich paracoccus bacteria, Natural Astaxanthin), Production Technology (Chemical Synthesis, Bacterial Fermentation), Application (Dietary Supplements, Food & Beverages, Cosmetics, Animal Health & Aquaculture), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The astaxanthin market is expected to witness market growth at a rate of 6.61% in the forecast period of 2021 to 2028. Data Bridge Market Research report on astaxanthin market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the product for various applications globally is escalating the growth of astaxanthin market.
Astaxanthin refers to a red pigment, which is naturally occurring carotenoid having antioxidant effect extracted and purified from Haematococcus algae. These pigments tend to play a role in treatment of degenerative diseases and aging issues.
The industrialization of the feed sector across the globe acts as one of the major factors driving the growth of astaxanthin market. The rise in the prevalence of healthcare problems among population because of various factors such as stress, unbalance diet & smoking, and irregular lifestyle, and rise in the awareness toward preventive healthcare & nutraceuticals accelerate the market growth. The high adoption of the astaxanthin owning to the anti-inflammatory properties that help in reducing pain in the joints, muscles, and tendons of patients suffering from chronic arthritis, and use of the product for increasing general blood flow and reducing blood sugar in patients with blood pressure and diabetes further influence the market. Additionally, rise in the disposable income, urbanization, change in consumer lifestyle and growing population positively affect the astaxanthin market. Furthermore, government initiatives to support aquaculture and increase in demand for natural antioxidants extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high costs associated with the product government regulations in different countries are expected to obstruct the market growth. Adulteration and clean label requirements are projected to challenge the astaxanthin market in the forecast period of 2021 to 2028.
This astaxanthin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on astaxanthin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Astaxanthin Market Scope and Market Size
The astaxanthin market is segmented on the basis of nature, product type, production technology, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the astaxanthin market is segmented into natural sources, and petroleum (synthetic).
- On the basis of product type, the astaxanthin market is segmented into aematococcus pluvialis microalgae astaxanthin, synthetic astaxanthin, astaxanthin rich paracoccus bacteria, and natural astaxanthin.
- On the basis of production technology, the astaxanthin market is segmented into chemical synthesis and bacterial fermentation. Chemical synthesis is further segmented into microalgae cultivation, drying, harvesting, and astaxanthin extraction.
- On the basis of application, the astaxanthin market is segmented into dietary supplements, food & beverages, cosmetics and animal health & aquaculture.
Global Astaxanthin Market Country Level Analysis
The astaxanthin market is analysed and market size, volume information is provided by country, nature, product type, production technology, and application as referenced above.
The countries covered in the global astaxanthin market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the astaxanthin market because of the presence of awareness programs by non-profit organizations, and the existence of the prominent players within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 due to the presence of key manufacturers in China with technologically advanced operating facilities in the region.
The country section of the dried fruit snacks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Astaxanthin Market Share Analysis
The astaxanthin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to astaxanthin market.
The major players covered in the astaxanthin market report are Oryza Oil & Fat Chemical Co., Ltd., Algatech LTD, NOW Foods Pond Tech., Algalif Iceland ehf., Cyanotech Corporation., AlgaeCan Biotech Ltd., Cardax, Inc, Fuji Chemical Industries Co., Ltd., AstaRealInc, Jingzhou natural Astaxanthin Inc , Cayman Chemical , Salvavidas Pharmaceutical Pvt. ltd., Valensa International, Heliae Development, LLC , JXTG Nippon Oil & Energy Corporation, HARKE GROUP, Nutrex Hawaii and Merck KGaA, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Astaxanthin Market
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