Astaxanthin Market Forecast 2019: Prominent Key Players are BASF SE (Germany), Alga Technologies (Israel), Koninklijke DSM N.V. (the Netherlands), Fuji Chemical Industries Co., Ltd. (Japan), Fenchem(China), Heliae (the U.S.)

Astaxanthin is a naturally occurring pigment. It is a reddish color pigment belongs to a family of carotenoid pigments. It has various significant properties such as excellent UV resistance, anti-oxidant, anti-aging, and reliable nature. It is used to provide the flexibility, comfort, and biocompatibility nature to the product. Moreover, it is estimated that the personal care product segment is set to witness the highest growth in the market due to increasing consumption of carotenoid pigments in different products such as anti-aging cream, lotions, perfumes, and others.

Global Key Players and Competition Analysis:

Some of the prominent players operating in the Global Astaxanthin Market are Alga Technologies (Israel), BASF SE (Germany), Koninklijke DSM N.V. (the Netherlands), Fuji Chemical Industries Co., Ltd. (Japan), JXTG Nippon Oil & Energy Corporation (Japan), Heliae (the U.S.), Otsuka Pharmaceutical Co., Ltd.(Japan), Fenchem(China), Parry Nutraceuticals(India), and Piveg, Inc. (the U.S.), among others.

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Segmentation Analysis

The Global Astaxanthin Market is bifurcated into source, form, process, and end-use. Based on source, the market is further categorized into natural and chemical. The market by form is further categorized into dry and liquid astaxanthin. Among these, the dry segment is accounted for major share in the market due to its growing use as a feed, fodder, and others. Based on process, the market is sub-divided into biological and chemical segments. The biological segment is anticipated to observe a stunning growth in the market over chemical products due to its ecofriendly and reliable nature. Feed, supplements, food, health care products, and others are segregated based on end-use segment. Additionally, it is predicted that the health care products segment to witness a higher CAGR during the forecast period.

Regional Analysis

European market is growing significantly owing to growing demand for astaxanthin in personal & health care products such as lotions, moisturizer, powder, and others. These pigments are widely used in these products to provide better endurance and comfort to the human beings. It is estimated that the high disposable income and advancing technology has propelled the Astaxanthin Market to witness a higher growth during the forecast period. Therefore, Germany, the U.K. and Italy are the leading players in this region.

Market Scope

As per our survey, the Global Astaxanthin Market is fragmented by source, form, process, and end-use. The market by source is further divided into natural and chemical. Among these, the natural source is estimated to witness a higher growth over the review period on account of its growing use in food supplements, cosmetics, and others. The chemical sources segment is projected to observe slow growth due to presence of toxic materials and harmful content offered by the product.

Browse the market data and information spread across 135 pages with 59 data tables and 15 figures of the report “Astaxanthin Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/astaxanthin-market-4833

Industry News:

November 27, 2017, Market Research Future Published a Half-Cooked Research Report on Global Astaxanthin Market

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
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