Astaxanthin to Reach 91 million US$ by 2025 at a CAGR of 2.4%: Latest Report by QY Research

The Global Astaxanthin report has provided a detailed analysis of trends, drivers and restraints that dominate the present market scenario and also the future status the market during the projected period of 2019-2025.

Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. 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 β-carotene. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no “pro-oxidant” activity.
Currently, the major commercially available sources of astaxanthin include synthetic astaxanthin from petrochemicals and astaxanthin derived from natural sources. Haematococcus pluvialis is the organism that naturally produces the highest concentrations of astaxanthin.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Astaxanthin production will show a trend of steady growth. In 2023 the consumption of Astaxanthin is estimated to be 458622 Kg. On product prices, the slow downward trend in recent years will maintain in the future.

The global Astaxanthin market is valued at 75 million US$ in 2018 is expected to reach 91 million US$ by the end of 2025, growing at a CAGR of 2.4% during 2019-2025.

This report focuses on Astaxanthin volume and value at global level, regional level and company level. From a global perspective, this report represents overall Astaxanthin market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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The following manufacturers are covered:

DSM

BASF

Cyanotech

Fuji

BGG

Yunnan Alphy Biotech

Algatechnologies

Parry Nutraceuticals

Jingzhou Natural Astaxanthin

JX Nippon Oil& Energy

Supreme Biotechnologies

Biogenic

Zhejiang NHU

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Natural Astaxanthin

Synthetic Astaxanthin

Segment by Application

Nutraceuticals

Cosmetics

Food & beverages

Feed

Others

For the better understanding of the Astaxanthin market, this report has provided a detailed analysis of trends, drivers and restraints that dominate the present market scenario and also the future status of the global Astaxanthin market during the projected period of 2019-2025.While classifying these segments, the expert team of analysts have listed down the relative contribution of each segment for the growth of global Astaxanthin market. Detail information of segments is required to recognize the key trends influencing the global market for Astaxanthin

Each segment of the Astaxanthin market provides an in-depth information on the qualitative and quantitative aspect of the market. While giving a brief idea about the revenue opportunities for all the segments, the Astaxanthin report has also provided the value of absolute dollar opportunity for all the segments over the predicted period of 2019-2025.

Global Astaxanthin Market Competitive Landscape

The report of global Astaxanthin market includes the competitive landscape section which provides the full and in-depth analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and growth analysis during the projected year.

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