Global Astaxanthin Market: Key Facts and Forecast Predictions Presented

SDKI Inc. published a new report on the global astaxanthin market. This study includes the statistical and analytical approaches needed to grow the astaxanthin market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-110314

The astaxanthin market is estimated to reach US $ 1.10 billion by 2030 from a market value of US $ 690 million in 2022 and is expected to grow at a CAGR of 6.90% during the 2022-2030 forecast period.

Astaxanthin belongs to the carotenoid xanthophyll group. A reddish color that naturally appears in some algae, allowing fish, red shrimp, shrimp, and other marine products to turn pink-red. This product is used as a supplement because of its rapid availability and cardiovascular benefits. This product is more than 500 times more powerful than Vitamin E and much more powerful than other carotenoids such as lutein and lycopene. Increasing understanding of preventative medicine and supplements, industrialization of the feed industry, and increasing demand for cosmetics are key factors driving the growth of the astaxanthin market during the forecast period.

In addition, government initiatives to promote aquaculture, growing markets for natural antioxidants, and increasing demand from emerging economies create opportunities for growth in the astaxanthin market. Leading players in the global astaxanthin market are adopting a variety of strategies to gain competitive advantage, including product launches, mergers and acquisitions, partnerships and agreements, investments and financing. In October 2018, natural astaxanthin was launched by BGG and its affiliates Solix Algredients and Algae Health Sciences for its flagship product, AstaZine. This substance is used as a dispersible emulsion foam used in beverage applications. This ingredient is used in many beverage applications such as sports drinks and anti-aging fitness shots.

Sample URL of the report
https://www.sdki.jp/sample-request-110314

However, high production costs can curb the growth of the astaxanthin market during the forecast period.

Astaxanthin market segment

The astaxanthin market is classified by source (plant, yeast / microorganism, marine, petroleum), morphology (dry, liquid), manufacturing method (biological process, chemical process), and application (feed, supplement, food, cosmetics). , And are divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional overview of the astaxanthin market

North American region is the world's leading region in terms of market share. This is due to the industrialization of the feed industry and the increasing demand for cosmetics. Meanwhile, the Asia Pacific astaxanthin market is expected to show the highest growth rate / CAGR during the 2022-2030 forecast period. Factors such as a better understanding of preventive medicine and supplements create favorable growth opportunities for the astaxanthin market in the Asia Pacific region. In addition, the presence of leading Chinese manufacturers with technologically advanced operational facilities in the region has also contributed to the growth of the astaxanthin market in the region.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Key players in the astaxanthin market

Key players in the astaxanthin market include Koninklijke DSM NV, 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. and others. The survey includes a detailed competitive analysis of these major companies in the astaxanthin market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/press-details/global-astaxanthin-market/193

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SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.