Global Astaxanthin Market Size, Share & Trend Analysis By Segment Forecast 2031

The global astaxanthin market was valued at USD 238.2 million in 2020 and growing at a CAGR of 17.7% during the forecast period.

Astaxanthin Market: Breakup by Region, 2022 & 2031

 Source: Primary Research and Secondary Research Analysis

Astaxanthin is a naturally occurring carotenoid compound that can be extracted from various sources including algae, yeast, krill, salmon, and shrimp. It is known for its antioxidant properties and is used in dietary supplements, skincare products, and animal feed.

The growth of the astaxanthin market is attributed to the increasing prevalence of chronic diseases, rising demand for healthy dietary supplements, and increasing demand from the aquaculture industry. Additionally, the increasing awareness about the health benefits of astaxanthin, the introduction of new products, and the growing popularity of natural ingredients are further driving the growth of the market. However, the high cost of production and the stringent regulations on the use of natural ingredients are restraining the growth of the market.

The global astaxanthin market is segmented based on source, form, application, and region. By source, the market is divided into microbial, synthetic, and natural. The microbial segment is expected to account for the largest share of the market during the forecast period. This is attributed to the increasing demand for astaxanthin extracted from microbial sources, such as yeast and algae. By form, the market is divided into powder and liquid. The powder segment is anticipated to grow at a higher CAGR during the forecast period. This can be attributed to the increasing demand for powder forms of astaxanthin in dietary supplements and skincare products. By application, the market is divided into dietary supplements, food and beverages, animal feed, and cosmetics and personal care products. The dietary supplements segment is expected to account for the largest share of the market during the forecast period.

Geographically, the astaxanthin market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is anticipated to account for the largest share of the market during the forecast period. This is attributed to the increasing demand for natural and organic ingredients, the presence of well-established players in the region, and the rising awareness about the health benefits of astaxanthin.

Global Astaxanthin Market Research Report, 2020-2031.

Table of Contents

  1. 1. Introduction
    1. Report description
    2. Key market segments
    3. Regional Scope
    4. Executive Summary
  2. 2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. Secondary Analyst Tools and Models
  3. 3. Market Dynamics
    1. Market driver analysis
    2. Market restraint analysis
    3. Market Opportunity    
    4. Market Challenges
    5. Impact analysis of COVID-19 on the Astaxanthin market
  4. 4. Market Variables and Outlook
    1. SWOT Analysis
      1. Strengths
      2. Weaknesses
      3. Opportunities
      4. Threats
    2. Supply Chain Analysis
    3. PESTEL Analysis
      1. Political Landscape
      2.  Economic Landscape
      3. Social Landscape
      4. Technological Landscape
      5. Environmental Landscape
      6. Legal Landscape
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitute
      4. Threat of New Entrant
      5. Competitive Rivalry
  5. 5. Astaxanthin Market: Source Estimates & Trend Analysis
    1. Astaxanthin   Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
      1. Natural
        1. Market Size & Forecast, 2020-2031
      2. Microalgae
        1. Market Size & Forecast, 2020-2031
      3. Krill/Shrimp
        1. Market Size & Forecast, 2020-2031
      4. Yeast
        1. Market Size & Forecast, 2020-2031
      5. Synthetic
        1. Market Size & Forecast, 2020-2031
  6. 6. Astaxanthin Market: Product Estimates & Trend Analysis
    1. Astaxanthin   Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
      1. Dried Algae Meal or Biomass
        1. Market Size & Forecast, 2020-2031
      2. Oil
        1. Market Size & Forecast, 2020-2031
      3. Softgel
        1. Market Size & Forecast, 2020-2031
      4. Liquid
        1. Market Size & Forecast, 2020-2031
      5. Others
        1. Market Size & Forecast, 2020-2031
  7. 7. Astaxanthin Market: Application Estimates & Trend Analysis
    1. Astaxanthin   Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
      1. Nutraceuticals
        1. Market Size & Forecast, 2020-2031
      2. Cosmetics
        1. Market Size & Forecast, 2020-2031
      3. Aquaculture And Animal Feed
        1. Market Size & Forecast, 2020-2031
      4. Food
        1. Market Size & Forecast, 2020-2031
      5. Functional Foods and Beverages
        1. Market Size & Forecast, 2020-2031
      6. Other Traditional Food Manufacturing Applications
        1. Market Size & Forecast, 2020-2031
      7. Others
        1. Market Size & Forecast, 2020-2031
  8. 8. Astaxanthin Market: Regional Estimates & Trend Analysis
    1. Astaxanthin   Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. North America
        1. Market Size & Forecast, 2020-2031
    4. Europe
        1. Market Size & Forecast, 2020-2031
    5. Asia Pacific
        1. Market Size & Forecast, 2020-2031
    6. Middle East & Africa
        1. Market Size & Forecast, 2020-2031
    7. Latin America
        1. Market Size & Forecast, 2020-2031
  9. 9. Astaxanthin   Market: Country Estimates & Trend Analysis
    1. Astaxanthin   Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. U.S.
        1. Market Size & Forecast, 2020-2031
    4. Canada
        1. Market Size & Forecast, 2020-2031
    5. Mexico
        1. Market Size & Forecast, 2020-2031
    6. UK
        1. Market Size & Forecast, 2020-2031
    7. France
        1. Market Size & Forecast, 2020-2031
    8. Germany
        1. Market Size & Forecast, 2020-2031
    9. Russia
        1. Market Size & Forecast, 2020-2031
    10. Italy
        1. Market Size & Forecast, 2020-2031
    11. Spain
        1. Market Size & Forecast, 2020-2031
    12. China
        1. Market Size & Forecast, 2020-2031
    13. India
        1. Market Size & Forecast, 2020-2031
    14. Japan
        1. Market Size & Forecast, 2020-2031
    15. Indonesia
        1. Market Size & Forecast, 2020-2031
    16. South Korea
        1. Market Size & Forecast, 2020-2031
    17. Australia
        1. Market Size & Forecast, 2020-2031
    18. Brazil
        1. Market Size & Forecast, 2020-2031
    19. Argentina
        1. Market Size & Forecast, 2020-2031
    20. Saudi Arabia
        1. Market Size & Forecast, 2020-2031
    21. UAE
        1. Market Size & Forecast, 2020-2031
    22. South Africa
        1. Market Size & Forecast, 2020-2031
  10. 10. Competitive Landscape
    1. Company Market Share Analysis
    2. Vendor Landscape
    3. Competition Dashboard
  11. 11. Company Profiles
    1. Business Overview, Product Landscape, Financial Performanceand Company Strategies for below companies
      1.    Algatech Ltd
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      2. Cyanotech Corporation
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      3. MicroA
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      4. Beijing Gingko Group (BGG)
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      5. Algalíf Iceland ehf
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      6. Fuji Chemical Industries Co., Ltd
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      7. PIVEG, Inc.
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      8. Atacama Bio Natural Products S.A.
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      9. ENEOS Corporation
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
      10. E.I.D. - Parry (India) Limited
        1. Company Overview
        2. Financial Performance
        3. Product Benchmarking
        4. Geographic Footprint
        5. Strategic Initiatives
  12. 12. Conclusion

On Request



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