Astaxanthin Market Key Players - BASF, BGG, INNOBIO Ltd., Cardax, Nippon Oil & Energy Corporation
The Astaxanthin Market size is estimated to surpass USD 800 million by 2024; according to a new research report by Global Market Insights, Inc.
Request Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/202
The product is highly used as a key ingredient by the various cosmetics manufacturers and spa owners in their therapies and products due to its anti-oxidant and skin-friendly properties. Moreover, astaxanthin has witnessed extensive usage in animal feed applications, especially in aquaculture over the past years. However, certain factors such as excessive manufacturing costs and product adulteration probability may hamper the market growth.
Consistent technological advancements in the natural astaxanthins manufacturing process lead to high quality yield with lesser wastage. Extraction, drying, and cultivation is widely adopted techniques preferred for optimal resource utilization. Microalgae cultivation has gained traction in the astaxanthin market. Highest preference towards this technology is credited to its advantages such as a considerable reduction in agricultural residue and prevention from microbial contamination. These advancements will induce immense potential to the industry size over the forecast timeline. Animal feed dominated the overall application demand, crossing 40% share in 2016.
The product is highly used as a key ingredient in aquaculture and livestock. Various regulatory bodies across the globe are continuously supporting the aquaculture, further strengthening the industry penetration. Dietary supplements will exhibit 4.2% CAGR owing to rising demand for natural resourced astaxanthin. Cost effectiveness along with easy availability across the globe will further drive the segment’s growth. Provision of cardiovascular benefits and rapid pain relieving are other factors positively impacting the industry.
Astaxanthin market from a synthetic source will dominate the consumption with more than 55% share by 2024. High usage of animal feed applications due to its high suitability will primarily contribute towards the revenue generation. Its adoption in aquaculture for providing pigmentation to fishes and cost effectiveness will further support the industry dominance. Naturally sourced counterparts are likely to witness highest CAGR from 2018 to 2024 owing to shifting consumer preference towards sustainable and environmentally friendly products. This shifting preference can be attributed to the provision of the benefits such as better pigmentation in animal feed and various health benefits for human beings.
Browse Full Report Details @ https://www.gminsights.com/industry-analysis/astaxanthin-market
Asia Pacific astaxanthin market led the regional share and is projected to surpass 150 tons demand by 2024. Large population across the region with deficiency of nutrients along with the presence of leading industry participants, including BGG will further support the regional dominance. Astaxanthin market from North America will grow significantly, witnessing around 3.5% growth over the next seven years, primarily owing to rising consumer awareness regarding its health benefits. It is attributed to the presence of various organizations such as Natural Algae Astaxanthin Association that are responsible for creating awareness about its functional properties.
BASF, BGG, INNOBIO Ltd., Cardax, Nippon Oil & Energy Corporation, and Fuji Chemical company are among the major players in the global astaxanthin market. Business expansion is among the key strategies implemented by the competitors to strengthen their customer base. For instance, in March 2016, BGG announced the spinoff of its astaxanthin production into a new subsidiary, Algae Life Sciences to obtain an organic astaxanthin certification. Algatech, Mera Pharmaceuticals, Divis Nutraceuticals, Otsuka Pharmaceutical Co. Ltd., and Contract Biotics are few other prominent industry participants.
Inquiry before buying @ https://www.gminsights.com/inquiry-before-buying/202
TABLE 1 Global Astaxanthin market 360º synopsis, 2013 - 2024
TABLE 2 Global Astaxanthin market, 2013 - 2017, (Tons)
TABLE 3 Global Astaxanthin market, 2018 - 2024, (Tons)
TABLE 4 Global Astaxanthin market, 2013 - 2017, (USD Million)
TABLE 5 Global Astaxanthin market, 2018 - 2024, (USD Million)
TABLE 6 Global Astaxanthin estimates by region, 2013 - 2017 (Tons)
TABLE 7 Global Astaxanthin estimates by region, 2018 - 2024 (Tons)
TABLE 8 Global Astaxanthin estimates by region, 2013 - 2017 (USD Million)
TABLE 9 Global Astaxanthin estimates by region, 2018 - 2024 (USD Million)
TABLE 10 Global Astaxanthin market estimates by application, 2013 - 2017 (Tons)
TABLE 11 Global Astaxanthin market estimates by application, 2018 - 2024 (Tons)
TABLE 12 Global Astaxanthin market estimates by application, 2013 - 2017 (USD Million)
TABLE 13 Global Astaxanthin market estimates by application, 2018 - 2024 (USD Million)
TABLE 14 Global Astaxanthin market estimates by source, 2013 - 2017 (Tons)
TABLE 15 Global Astaxanthin market estimates by source, 2018 - 2024 (Tons)
TABLE 16 Global Astaxanthin market estimates by source, 2013 - 2017 (USD Million)
TABLE 17 Global Astaxanthin market estimates by source, 2018 - 2024 (USD Million)
TABLE 18 Industry impact forces
TABLE 19 Competitive landscape
TABLE 20 Global dietary supplement market (Tons), 2013 – 2017
TABLE 21 Global dietary supplement market (Tons), 2018 – 2024
TABLE 22 Global dietary supplement market (USD Million), 2013 – 2017
TABLE 23 Global dietary supplement market (USD Million), 2018 – 2024
TABLE 24 Global dietary supplement market, by region (Tons), 2013 – 2017
TABLE 25 Global dietary supplement market, by region (Tons), 2018 – 2024
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Connect with us: Facebook | Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Astaxanthin Market Key Players - BASF, BGG, INNOBIO Ltd., Cardax, Nippon Oil & Energy Corporation here
News-ID: 1194758 • Views: 418
More Releases from Global Market Insights, Inc.
Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing
More Releases for Astaxanthin
Natural Astaxanthin Market Insights, Forecast to 2025
This report studies the global Natural Astaxanthin market status and forecast, categorizes the global Natural Astaxanthin market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). The global Natural Astaxanthin market is valued at million US$ in 2017 and will reach million
Global Natural Astaxanthin Industry - Future Outlook
Qyresearchreports include new market research report Global Natural Astaxanthin Industry Market Analysis & Forecast 2018-2024 to its huge collection of research reports. This report studies the natural astaxanthin market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the natural astaxanthin market by product type and applications/end industries. The report
Astaxanthin Market Future and Analysis 2017-2025
Astaxanthin is a member of the xanthophyll family of carotenoids which is found in some marine plants and animals. Also known as "the king of the carotenoids," it is acknowledged as one of the most powerful antioxidants present in nature. Highest concentration of Astaxanthin is found in Pacific sockeye salmon. It is also present in crab, algae, shrimp, krill, red trout, and lobster. Commercial production of is from astaxanthin Haematococcus
Global Natural Astaxanthin Market Research Report 2017
In this report, the global Natural Astaxanthin market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Natural Astaxanthin in these regions from 2012 to 2022; North America, Europe, China, Japan, Southeast Asia, India Request
Global Synthetic Astaxanthin Market Research Report 2017
this report, the global Synthetic Astaxanthin market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Synthetic Astaxanthin in these regions, from 2012 to 2022 (forecast), covering North America Europe China Japan Southeast
Global Astaxanthin Sales Market Report 2023
The Global Astaxanthin Sales Market Report 2023 is a professional and in-depth study on the current state of the Astaxanthin industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Astaxanthin market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures. This