Press release
2021 Astaxanthin Industry Global Analysis Report
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 carotenoids such as lutein and lycopene.
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Based on the source, the natural source segment is going to have a lucrative growth during the forecast period owing to the increasing demand for natural food supplements coupled with the high yield of carotenoids. By geography, Asia Pacific is expected to grow at a faster rate during the forecast period due to the growing awareness about astaxanthin among healthcare professionals and the existence of a large population suffering from nutritional deficiency.
Some of the key players profiled in the Astaxanthin Market include BASF SE, Fuji Chemical Industries Co Ltd, Koninklijke DSM N.V., Cyanotech Corporation, Divis Laboratories Ltd, Otsuka Pharmaceutical Co Ltd, Algatechnologies, Valensa International, Supreme Biotechnologies, Igene Biotechnology Inc, AstaReal, Piveg Inc, Cardax Inc, Beijing Ginko Group (BGG), and Fenchem Biotek Ltd.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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