Synthetic Astaxanthin Market Share, Size 2020 Global Growth, New Updates, Trends, Incremental Revenue, Opportunities, Industry Expansion, Challenges And Forecasts Till 2028

Market Overview:
The global synthetic astaxanthin market is likely to register a significant CAGR during the forecast period. The global market outlook section mainly contains major dynamics of the industry which encompass major market drivers, limitations, opportunities and challenges faced by the global market. Global synthetic astaxanthin market spending has been growing over the recent years. Additionally, the study offers other meaningful insights such as capabilities, equipment modernization, and innovative R&D activities for growth of the global synthetic astaxanthin market.

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Scope of the Global Synthetic Astaxanthin Market
The research report on global synthetic astaxanthin market provides a detailed analysis of upstream raw material, downstream demand, and equipment analysis extensively. Additionally, the global synthetic astaxanthin market report also presents current market condition among value chain features, key players, and market price analysis discussed broadly. The report also studies various marketing channels and recent trends with present and future scenario of the market.

Moreover, the market report also analyses competitive developments such as agreements, expansions, mergers and acquisitions, new product launches, and research & development activities in the market.

Owing to its powerful antioxidant properties, astaxanthin many benefits forseveral health conditions comprising inflammation, cardiovascular, diabetics, vision, and CNS conditions. Likewise, Astaxanthin has been extensively used in aquaculture industry for pigmentation of salmon, trout, and shrimps and isutilized for its antioxidant and other health benefits in the nutraceutical sector. It is used in cosmetics for its skin care as well as anti-aging properties and for fortification of beverages and foods.

The global synthetic astaxanthin market is estimated to have consumed the highest volume of Haematococcuspluvialis microalgae natural astaxanthin in 2017,accounting for 54.8%, which is expected to reach 190 metric tons over the forecast period. On the other hand, the developing market of Food & Beverages for H. pluvialis microalgae astaxanthin market will witness the fastest CAGR during the prediction period.

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Segment Analysis of the Global Synthetic Astaxanthin Market
The global synthetic astaxanthin market is basically segmented into source, form, production, application, and geographical regions.
• On the basis of source, the market is segregated into synthetic and natural, and others.
• On the basis of application, the market is segmented into dietary supplements, personal care, pharmaceuticals, food & beverage and animal feed, and others.
• On the basis of the form, global synthetic astaxanthin market is segmented into liquid form, dry form, and others.
• In terms of method of production, the market is segregated into extraction, microalgae cultivation, chemical synthesis, and fermentation.

Geographical Analysis of Global Synthetic Astaxanthin Market

The global synthetic astaxanthin marketis geographically segregated into North America, Europe, Asia Pacific, and the Middle East and Africa. Among these, the Asia Pacific region accounted for the market, with the share of around 39.2% in 2016. The growing demand for healthy, fortified, and nutritious products in the Asia Pacific region and changing eating habits of customers owing to busy lifestyles are expected to drive the growth of the astaxanthin market.

Recent Strategic Developments of Major Global Synthetic Astaxanthin Market Players

• In October 2018, BGG and its acquaintancesSolixAlgredients and Algae Health Sciences introduced its flagship product AstaZine, a natural astaxanthin. The product is utilized as a dispersible emulsion form that is used in various drink applications.

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Competitive Landscape of the Global Synthetic Astaxanthin Market
Global synthetic astaxanthin market is extremely fragmented and the leading players have used number of strategies such as new joint ventures, partnerships, product launches, expansions, agreements, acquisitions, and others to boosts their footprints in this market. Some of the major participants currently working in the global synthetic astaxanthin market are BASF, DSM, Cyanotech, Fuji, BGG, Yunnan Alphy Biotech, Algatechnologies, Parry Nutraceuticals, Igene Biotechnology, Jingzhou Natural Astaxanthin, JX Nippon Oil& Energy, Supreme Biotechnologies, Biogenic, Bettering Biotech, Zhejiang NHU.

Market Segmentation:
By Type:
• Fermentation Type
• Mixed Extract Type

By Application:
• Nutraceuticals
• Cosmetics
• Food & beverages
• Feed
• Other

By Region:
North America Synthetic Astaxanthin Market
• North America, by Country
o US
o Canada
o Mexico
• North America, by Type
• North America, by Application

Europe Synthetic Astaxanthin Market
• Europe, by Country
o Germany
o Russia
o UK
o France
o Italy
o Spain
o The Netherlands
o Rest of Europe
• Europe, by Type
• Europe, by Application

Asia Pacific Synthetic Astaxanthin Market
• Asia Pacific, by Country
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Asia Pacific, by Type
• Asia Pacific, by Application

Middle East & Africa Synthetic Astaxanthin Market
• Middle East & Africa, by Country
o UAE
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa
• Middle East & Africa, by Type
• Middle East & Africa, by Application

South America Synthetic Astaxanthin Market
• South America, by Country
o Brazil
o Argentina
o Colombia
o Rest of South America
• South America, by Type
• South America, by Application

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This release was published on openPR.