Press release
Astaxanthin Market Size is estimated to grow at a CAGR of 7.2 % During Forecast Period 2019 to 2024: Alga Technologies, BASF SE, Cyanotech Corporation, Koninklijke DSM N.V, Fuji Chemical Industries Co., Ltd, JXTG Nippon Oil & Energy Corporation
Astaxanthin Market
Global Astaxanthin Market is projected to grow with a significant growth rate of 7.2% from 2019 to 2024 and reach a market value of USD 120 million by the end of 2024. High demand due to the antioxidant properties of astaxanthin and increasing applications in the aquaculture industries are key factors affirming the growth of this market. 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, antioxidant, anti-aging, and reliable nature. It is used to provide the flexibility, comfort, and biocompatibility nature to the product.
Get Free Sample Copy of "Astaxanthin Market" @ https://www.marketresearchfuture.com/sample_request/4833
The Global Astaxanthin Market has been driven by its growing usage in the production of feed, supplements, food, health care products, and others. 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.
Astaxanthin Market Competitive Analysis
Some of the major players functioning in the Global Astaxanthin Market are Alga Technologies (Israel), BASF SE (Germany), Cyanotech Corporation (US), Koninklijke DSM N.V. (Netherlands), Fuji Chemical Industries Co., Ltd. (Japan), JXTG Nippon Oil & Energy Corporation (Japan), Heliae Development, LLC (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Fenchem Biotech Ltd. (China), Parry Nutraceuticals (India), Piveg, Inc. (US), Divi's Laboratories Ltd. (India), Archer Daniels Midland Co. (US), Cardax, Inc. (US) and, Mera Pharmaceuticals Inc. (US)
Astaxanthin Market Segmentation
The Global Astaxanthin Market is segregated into source, form, process, and end-use.
Based on the source, the market is further categorized into natural and chemical. The most widely used source in the market is natural segment due to its growing consumption in feed, food, agriculture, and others. It is predicted that the chemical source segment may witness slow growth due to growing substitution of synthetic products by natural materials over the forecast period.
Based on form, the market is sub-divided into dry and liquid astaxanthin. The growing use of dry pigments as a feed and fodder is projected to drive the market in the coming years. The liquid pigment is likely to grow at a higher CAGR on account of its increasing use in the personal care and cosmetics products.
Based on Process, the market is segmented into biological and chemical. Between these, the biological segment is anticipated to observe a rapid growth due to its ant-toxic, reliable nature over chemical products.
The application is classified into feed, supplements, food, health care products, and others. Among these, the health care products segment is expected to observe a higher growth due to its increasing use in fairness products.
Access Report Details @ https://www.marketresearchfuture.com/reports/astaxanthin-market-4833
Astaxanthin Market Regional Analysis
The Global Astaxanthin Market is spanned across five key regions of the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America holds a major portion of the global market and is anticipated to continue its dominance due to rising demand for astaxanthin in various applications. The U.S., Canada, and Mexico are the major players in this region. The Asia Pacific region is estimated to witness a higher growth due to fast growing countries such as China, Japan, and India owing to growing demand for carotenoid pigments in feed, food, and health care products. A rapid development is observed in the European region owing to the extensive use of pigments in the healthcare, supplements, and bio-tech industries. Moreover, it is projected that the feed and food segments are set to grow at a rapid rate in the market due to anti-toxic and comfort abilities offered by the product. Due to these factors, Germany, the U.K. and Italy are the major contributors to the Astaxanthin Market in Europe. The Middle East & Africa, and Latin America regions are estimated to observe a significant growth due to growing technological advancement in heavy end industries.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future
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), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Astaxanthin Market Size is estimated to grow at a CAGR of 7.2 % During Forecast Period 2019 to 2024: Alga Technologies, BASF SE, Cyanotech Corporation, Koninklijke DSM N.V, Fuji Chemical Industries Co., Ltd, JXTG Nippon Oil & Energy Corporation here
News-ID: 1928780 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Astaxanthin
Global Astaxanthin Industry Analysis By Geography
Stratistics MRC's Astaxanthin Market report explains company profiling, key segments, market trends, top players and regional, country-level segments.
Astaxanthin is a reddish carotenoid pigment that occurs in microalgae, yeast, trout, shrimp, and other sea creatures. It is regarded as a potential antioxidant that has proven its ability to protect human cells from inflammation and oxidation. It is over 500 times stronger than vitamin E and is much more effective than other…
Astaxanthin Market Drivers, Restraints, Opportunities & Challenges
The global astaxanthin market size is estimated to be valued at USD 647 million in 2021. It is projected to reach USD 965 million by 2026, recording a CAGR of 8.3%.
The increase in awareness toward preventive healthcare & nutraceuticals and the rising demand for cosmetic products have gained the attention of the key players in the astaxanthin market to develop new and effective products. Astaxanthin also has anti-inflammatory properties. Other…
Global Natural Astaxanthin Market Insights 2018-2025 : Cyanotech, Fuji, BGG, Par …
The "Natural Astaxanthin market" report offers an influential source to assess the Natural Astaxanthin market and back the preemptive and strategic decision-making. It entails the straightforward statistics and comprehensive scurrility of the market. Also, it provides the major leading market players Cyanotech, Fuji, BGG, Parry Nutraceuticals, Algatechnologies, Biogenic, Jingzhou Natural Astaxanthin, Igene, Yunnan Alphy Biotech, ADM, Piveg across the world with particulars such as market share, product specifications & images,…
Global Astaxanthin Market - DSM, BASF, Cyanotech, Fuji, BGG, Yunnan Alphy Biotec …
According to a comprehensive study by KD Market Insights analyzes and forecasts the Astaxanthin Market at both global and regional level. The report provides an analysis of 6 years, in which 2017 is the base year, 2018 as an estimated year and 2019-2023 is forecasted period. The report consists of overall market size in 2017 and its anticipated growth in further 6 years. It gives grasp about the high demanding…
Astaxanthin Market Report for Period 2017 till 2022 Algatechnologies, Parry Nutr …
Global Astaxanthin Market report provides detailed analysis of companies namely JBL, Sonos, Bose, Amazon, Sony, Denon, Edifier, YAMAHA, Terratec, Pioneer, Samsung and Others. This report study includes global market statistics and analysis for example, company performance, historical analysis 2012 to 2016, market forecast 2017 to 2023 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2017 to 2023, etc.
Astaxanthin is a naturally occurring dark red carotenoid…
Global Astaxanthin Market Outlook 2021
Astaxanthin is a keto-carotenoid. It belongs to a larger class of chemical compounds known as terpenes, which are built from five carbon precursors; isopentenyl diphosphate (or IPP) and dimethylallyl diphosphate (or DMAPP). 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…
