Astaxanthin Market Insight Vendor Benchmarking of the Top Players (AstaReal Holdings Co., Ltd., AstaSupreme, etc..) with Growing Forecast till 2023

The Report Also Covers the Product Portfolio Analysis of the Astaxanthin Products and Vendor Benchmarking of the Top Players in This Market. In addition, this report highlights the Growth strategies adopted by the major market players to garner large shares in the Astaxanthin market. Astaxanthin Market Report Coverage Highlights: This report covers drivers, restraints, opportunities, challenges, and market trends.

The Astaxanthin /æstəˈzænθɪn/ is a keto-carotenoid. It belongs to a larger class of chemical compounds known as terpenes (as a tetraterpenoid) built from five carbon precursors, isopentenyl diphosphate, and dimethylallyl diphosphate. Astaxanthin is classified as a xanthophyll (originally derived from a word meaning "yellow leaves" since yellow plant leaf pigments were the first recognized of the xanthophyll family of carotenoids), but currently employed to describe carotenoid compounds that have oxygen-containing components, hydroxyl (-OH) or ketone (C=O), such as zeaxanthin and canthaxanthin. Indeed, astaxanthin is a metabolite of zeaxanthin and/or canthaxanthin, containing both hydroxyl and ketone functional groups.

The Global Astaxanthin Market Is Expected to Register A CAGR of 7.8% During The Forecast Period (2018 To 2023), Due to The Growing Demand for Natural Astaxanthin from Multiple Sectors Like Nutraceutical, Drugs and Cosmetic. Also, The Unique Color and Properties Associated with Astaxanthin Has Led to Its Increased Use in Commercial Aquacultures, Food Coloring and Others. 

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Competitive Landscape

Major Players - AstaReal Holdings Co., Ltd., AstaSupreme, BGG (Beijing Ginko Group), JXTG Group, KeyNatura, Koninklijke Dsm N.V., Piveg, Inc. and Valensa International among others.

A separate section with Astaxanthin industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Development and Research plays a vital role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Astaxanthin market growth over the forecast period.

Market Dynamics

The global astaxanthin market is driven by it increased application in nutraceutical products including supplements, food and beverage, due to its properties like high anti-oxidants content which helps to enhance the health of skin, muscle, eye and others. Further, multiple use of astaxanthin like enhancing the color of certain fishes like salmon, trout, is also contributing to the growth of the market.

However, the use of advanced technologies and heavy dependence on natural resources to cultivate astaxanthin leads to a greater production cost, which is expected to restrain the growth of the market as only financially strong players can enter this market. 

Expansion of present facilities, development in the product composition to make it suitable for increased applications in food, beverages and other industries, and incorporation of innovative technologies towards the manufacture of astaxanthin are expected to help the companies achieve a greater market share in the global market during the forecast period.

Market Segmentation

The market is segmented on the basis of source, form and application. Astaxanthin powder is the most used form of the ingredient as it is relatively cheaper than others and is used widely in animal and aqua feed. Haematococcus Pluvaialis Microalgae is the primary source of producing astaxanthin as it contains the highest level of the astaxanthin and regrows at a very fast rate.

Regional Market Analysis

North America is observed to the biggest consumer of astaxanthin, due to the presence of a well-established nutraceutical industry and existence of greater health-concerned consumers. Further, institutions like Natural Algae Astaxanthin Association (NAXA) in North America, are creating awareness about health benefits of astaxanthin, which in turn is leading to greater use of the ingredient in this region.

Key Developments

November 2017 - Natural products manufacturer NOW Foods together with Algae Health Sciences, Inc., a subsidiary of BGG, introduced Astaxanthin capsules containing astaZine natural astaxanthin sourced from organic haematococcus pluvialis microalgae. The capsules is featured as organic, certified vegan, non-GMO project verified, halal, and kosher.

Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 Months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

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Astaxanthin Market Forecast 2018-2023

The Astaxanthin industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Astaxanthin production, supply, sales and market status.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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Detailed TOC of Global Astaxanthin Market Forecasts (2018 - 2023)

Introduction
           1.1 Research Phases

           1.2 Study Deliverables

           1.3 Scope of the Market

Market Insights
            2.1 Market Overview

            2.2 Astaxanthin Market Trends

2.2 Industry Attractiveness – Porter’s Five Forces Analysis

                        2.2.1 Bargaining Power of Suppliers

2.2.2 Bargaining Power of Consumers

2.2.3 Threat of New Entrants

2.2.4 Threat of Substitute Products and Services

2.2.5 Degree of Competition

Market Dynamics
            3.1 Astaxanthin Market Drivers

3.1.1 Rising Demand for Anti-oxidants and Nutraceuticals

3.1.2 Extensive Use of Antaxathin in Animal Feed and Aquaculture

            3.2 Astaxanthin Market Restraints

3.2.1 High Cost of Production

3.3 Astaxanthin Market Opportunities

3.3.1 Use of Enhanced Technology to Manufacture Astaxanthin

Market Segmentation
            4.1 Astaxanthin Market By Application

                        4.1.1 Supplements

                        4.1.2 Animal Feed

                        4.1.3 Aquaculture

                        4.1.4 Others

            4.2 Astaxanthin Market By Form

                        4.2.1 Oil

                        4.2.2 Powder

                        4.2.3 Soft Gels

                        4.2.4 Others

            4.3 Astaxanthin Market By Source

                        4.3.1 Haematococcus Pluvaialis Microalgae

                        4.3.2 Phaffia Yeast

                        4.3.3 Krill

                        4.3.4 Others

Regional Market Analysis
                                5.1 North America Astaxanthin Market Size (2018-2023)

                                                5.1.1 US Astaxanthin Market Size (2018-2023)

                                                5.1.2 Mexico Astaxanthin Market Size (2018-2023)

                                                5.1.3 Canada Astaxanthin Market Size (2018-2023)

                                                5.1.4 Rest of North America

                                5.2 Europe Astaxanthin Market Size (2018-2023)

                                                5.2.1 UK Astaxanthin Market Size (2018-2023)

                                                5.2.2 France Astaxanthin Market Size (2018-2023)

                                                5.2.3 Germany Astaxanthin Market Size (2018-2023)

                                                5.2.4 Italy Astaxanthin Market Size (2018-2023)

                                                5.2.5 Rest of Europe

                                5.3 Asia-Pacific Astaxanthin Market Size (2018-2023)

                                                5.3.1 India Astaxanthin Market Size (2018-2023)

                                                5.3.2 China Astaxanthin Market Size (2018-2023)

                                                5.3.3 Japan Astaxanthin Market Size (2018-2023)

                                                5.3.4 Australia Astaxanthin Market Size (2018-2023)

                                                5.3.5 Rest of Asia-Pacific

                                5.4 South America Astaxanthin Market Size (2018-2023)

                                                5.4.1 Brazil Astaxanthin Market Size (2018-2023)

                                                5.4.2 Argentina Astaxanthin Market Size (2018-2023)

                                                5.4.3 Mexico Astaxanthin Market Size (2018-2023)

                                               5.4.4 Rest of South America

                                5.5 Middle East & Africa (MEA) Astaxanthin Market Size (2018-2023)

                                                5.5.1 South Africa Astaxanthin Market Size (2018-2023)

                                                5.5.2 Kingdom of Saudi Arabia (KSA) Astaxanthin Market Size (2018-2023)

                                               5.5.3 Rest of Middle East & Africa (MEA) Astaxanthin Market Size (2018-2023)

 Astaxanthin Market Competitive Landscape
           6.1 Most Active Companies

           6.2 Most Adopted Strategies

           6.3 Market Share Analysis

Astaxanthin Market Company Profiles
           7.1 BGG (Beijing Ginko Group)

           7.2 KeyNatura

           7.3 Valensa International

           7.4 AstaReal Holdings Co., Ltd.

           7.5 Koninklijke Dsm N.V.

           7.6 Piveg, Inc.

           7.7 AstaSupreme

           7.8 JXTG Group

Appendix
           8.1 Disclaimer

 

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