Astaxanthin Market Technological Advancement, Competitive Strategies and Forecast to 2023|Growth by Top Key Players: BlueOcean NutraSciences, Algatechnologies, Heliae Development LLC, Igene Biotechnology Inc, Cyanotech Corporation, EID Parry and Fenchem

The global Astaxanthin Market was worth USD 0.38 billion in 2014 and is expected to reach approximately USD 1.78 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 18.75% during the forecast period. Increasing demand because of its antioxidant properties and expanding applications in the aquaculture business are key variables attesting development of this market. Besides, an ascent in health-conscious populace and developing interest for food coloring that is natural with lesser unfriendly impacts when contrasted with other chemical products are other vital drivers evaluated to support development. Astaxanthin has been used by the aquaculture business for quite a while. Several fish farmers make use of astaxanthin for coloring trout, salmon, and shellfish in artificial ponds.

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Competitive Insights:
The leading Fuji Chemical Industries Co Ltd, Beijing Gingko Group North America, JXTG Nippon Oil & Energy, BlueOcean NutraSciences, Algatechnologies, Heliae Development LLC, Igene Biotechnology Inc, Cyanotech Corporation, EID Parry and Fenchem. The major players are profoundly focused on new product development, mergers and acquisitions, and extension to untargeted topographies to upgrade their market position.

Source Outlook and Trend Analysis:
Astaxanthin can be fabricated from both chemical and natural sources. Normal sources are evaluated to witness significant development over the gauge time frame. High return of low maintenance cost, carotenoid, and expanding interest for natural sustenance supplements are the key components for positive development of this portion. Microalgae, for example, H. pluvialis, have been broadly made use of by numerous makers inferable from high measure of carotenoid content and less demanding strategies for extraction. Nonetheless, switching inclination toward other natural sources, for example, krill and yeast, is foreseen to contrarily affect development of the microalgae fragment.

Product Outlook and Trend Analysis:
Higher interest for astaxanthin brought about higher requirement for dried algae meal or biomass. Dried green growth is expected to command the market mostly because of its high usage as animal feed, lesser requirement for downstream preparing, and minimal effort of generation. The portion held an income offer of 25.9 percent of the general market in 2016. Then again, the soft gels section is anticipated to record the speediest development rate. The section is foreseen to witness significant development over the figure period. Liquid and water-miscible formulations are likewise assessed to witness high demand in skin care and cosmetic industry because of their high antioxidant content.

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Table of Contents:-
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Adoption of Natural Cosmetics
3.2.1.2. Increasing Use in Aquaculture and Coloring of Fishes
...CONTINUED FOR TOC

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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