Press release
Global Natural Astaxanthin Market Analysis 2018 | Growth by Top Companies: Cyanotech, Fuji, BGG, Parry Nutraceuticals, Algatechnologies, Biogenic, Jingzhou Natural Astaxanthin, Yunnan Alphy Biotech, ADM
Nov 2018, New York USA (News)- Over the next five years, Research Reports Inc. projects that Natural Astaxanthin will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017. Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown natural astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and ?-carotene.Natural astaxanthin is famous for strong antioxidant property. Generally, it has two types, astaxanthin oleoresin and astaxanthin powder. Natural astaxanthin content in astaxanthin oleoresin is higher than that in astaxanthin powder. So price of astaxanthin powder is lower than that of astaxanthin oleoresin. In 2017, production of astaxanthin powder was about 36114 Kg, with a share of 53.03%.
From 2013 to 2017, global natural astaxanthin production increased from 44488 Kg to 68102 Kg, with an average increase rate of 11.23%. Global production regions are mainly concentrated in China, Europe, North America and Japan. In 2017, Europe produced about 11.83% of global total natural astaxanthin. North America produced 42008 Kg, accounting for 61.68% in 2017.
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Natural astaxanthin is usually used in nutraceuticals, cosmetics, food & beverages, feed and other fields. Most natural astaxanthin manufacturers produce downstream nutraceuticals or cosmetics directly. Nutraceuticals is an important application of natural astaxanthin. Natural astaxanthin consumed in nutraceuticals was about 27677 Kg in 2017.
Although downstream demand for natural astaxanthin is too much, there are only several major suppliers in this industry, such as Cyanotech, Fuji, BGG, Parry Nutraceuticals, Algatechnologies, Biogenic, Jingzhou Natural Astaxanthin, Yunnan Alphy Biotech, ADM and Piveg. Great limitation in this industry is raw material resource. As main raw material of natural astaxanthin, microalga (haematococcus pluvialis) is easily interference by pests and diseases. Once raw material resource is abundant, there will be more and more enterprises entering this industry.
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Major Market Players
• Cyanotech
• Fuji
• BGG
• Parry Nutraceuticals
• Algatechnologies
• Biogenic
• Jingzhou Natural Astaxanthin
• Yunnan Alphy Biotech
• ADM
• Piveg
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To calculate the market size, Research Reports Inc. considers value generated from the sales of the following segments:
Segmentation by product type:
• Astaxanthin Oleoresin
• Astaxanthin Powder
• Others
Segmentation by application:
• Nutraceuticals
• Cosmetics
• Food & Beverages
• Feed
• Others
Research objectives
To study and analyze the global Natural Astaxanthin consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Natural Astaxanthin market by identifying its various subsegments.
Focuses on the key global Natural Astaxanthin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Natural Astaxanthin with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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