Astaxanthin Market Size to reach a revised size of US$ 1,331.0 Mn Bn by 2030 | CAGR 8.5%

The market crossed US$ 691.0 million mark in 2022 and is expected to hit US$ 1,331.0 million by 2030, recording a CAGR of 8.5% during the forecast period.

Astaxanthin is a carotenoid used in enhancing the anti-oxidant property of the food and animal feed items. Increasing awareness regarding the health benefits of consuming anti-oxidant food products is expected to drive astaxanthin market growth. Furthermore, increasing prevalence of chronic diseases and disorders such as diabetes, gastrointestinal diseases, skin & eye diseases etc., is expected to increase the astaxanthin antioxidants-based drugs demand globally.

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The Astaxanthin market following are the manufacturers cover -
• AstaReal Co., Ltd.
• ASF SE.
• BGG-Solix Combination
• Cardax, Inc.
• JX Nippon Oil & Gas Exploration Corporation

Astaxanthin Market Segmentation:

Source:
• Natural
• Synthetic

Form:
• Oil
• Powder
• Soft Gels
• Others

End-Use:
• Supplements
• Animal Feed
• Food
• Healthcare Products
• Others

Region
• North America
• Europe
• Asia Pacific (APAC)
• South & Central America
• Middle East & Africa

Recent strategic developments in astaxanthin market
The astaxanthin market has undergone several significant developments, and a few of these have been mentioned below:
• In April 2022, BCG World, a global manufacturer of clinically supported natural ingredients doubled the production capacity of its flagship 'AstaZine Natural Astaxanthin' product line to meet astaxanthin ingredients' demand globally.
• In May 2021, Atacama Bio Natural Products, a Chilean biotechnology corporation partnered with Nexus Wise Sdn. Bhd., a Malaysian health supplement distributor to supply its astaxanthin ingredients in Singapore and Malaysia.
• In December 2020, Algalif, an Iceland-based manufacturer of high-grade astaxanthin ingredients invested US$ 30 million to expand further its sustainable astaxanthin production facilities in Iceland.

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The leading players of the Astaxanthin industry, their market share, product portfolio, company profiles are covered during this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Astaxanthin players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and helpful guide to shaping your business growth.

This analysis report also presents practical and practical case studies to help you get a clearer understanding of the subject. This analysis report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks within the Astaxanthin market.

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Table of Contents: Astaxanthin Market 2022 - 2030
Chapter 1: Overview of Astaxanthin
Chapter 2: Regional Market Status and Forecast by Regions
Chapter 3: Regional Market Status and Forecast by Types
Chapter 4: Regional Market Status and Forecast by Downstream Industry
Chapter 5: Market driving correlational analysis
Chapter 6: Market competition status by major makers
Chapter 7: Major manufacturer's introduction and market data
Chapter 8: Upstream and downstream market analysis
Chapter 9: Cost and gross margin analysis
Chapter 10: Marketing status analysis
Chapter 11: Market report conclusion
Chapter 12: Research methodology and reference

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