Global Astaxanthin Market Size to Expand at 8.13% CAGR through 2024

Global the Astaxanthin Market size will grow from USD 550.7 Million in 2018 to USD 880.3 Million by 2024, at an estimated CAGR of 8.13%. The base year considered for the study is 2018, and the market size is projected from 2019 to 2024.

Astaxanthin has been gaining significance due to its health benefits and a wide range of end-use applications. It finds usage in animal and human applications, wherein it is mainly used to combat the human immune health and skin-related problems, while as a coloring additive in animal feed. The increasing prevalence of nutrient deficiency and changing consumer preferences for preventive healthcare have led to an increase in the demand for astaxanthin in the global market.

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By Market Players:
Koninklijke DSM N.V., BASF SE, Cyanotech Corporation, Otsuka Pharmaceutical Co., Ltd., Valensa International, Fuji Chemical Industries Co., Ltd., Divis Laboratories Ltd., Beijing Ginko Group (BGG), Igene Biotechnology Inc., Piveg, Inc., Fenchem Biotek Ltd., Algatechnologies, Cardax, Inc., Supreme Biotechnologies

By Source
Natural Source, Petroleum (Synthetic)

By Application
Feed, Supplements, Food, Cosmetics

By Form
Dry Form, Liquid Form

By Method of Production
Microalgae Cultivation, Fermentation, Extraction, Chemical Synthesis

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