Astaxanthin Market by Product (Dried Algae Meal, Liquid, Oil), Source (Natural, Synthetic), Application - Global Forecast 2024-2030
The Astaxanthin Market size was estimated at USD 876.72 million in 2023 and expected to reach USD 942.83 million in 2024, at a CAGR 7.63% to reach USD 1,467.28 million by 2030.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Astaxanthin Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Astaxanthin Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Astaxanthin Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Beijing Gingko Group, Cardax, Inc., Cyanotech Corporation, Divi's Laboratories Limited, E.I.D. - Parry (India) Limited, ENEOS Corporation, Fenchem, Fuji Chemical Industries Co., Ltd., HERBO Nutra Extract Private Limited, LycoRed Ltd. by ADAMA Ltd., Merck KGaA, Mitushi Bio Pharma, NextFerm Technologies Ltd., Otsuka Pharmaceutical Co., Ltd., Royal DSM, Solabia Group, and Valensa International.
Market Segmentation & Coverage
This research report categorizes the Astaxanthin Market to forecast the revenues and analyze trends in each of the following sub-markets:
Product
Dried Algae Meal
Natural
Krill/Shrimp
Aquaculture & Animal feed
Americas
Argentina
California
Australia
Denmark
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Astaxanthin Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Astaxanthin Market?
- What are the technology trends and regulatory frameworks in the Astaxanthin Market?
- What is the market share of the leading vendors in the Astaxanthin Market?
- Which modes and strategic moves are suitable for entering the Astaxanthin Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Astaxanthin Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing number of health conscious people
- 5.1.1.2. Increasing demand in animal feed industry
- 5.1.1.3. Rising usage in nutraceutical and other dietary supplements
- 5.1.2. Restraints
- 5.1.2.1. Capital intensive production process and changing government regulations in different countries
- 5.1.3. Opportunities
- 5.1.3.1. Development of advanced technologies for the production of cost-effective astaxanthin
- 5.1.3.2. Increasing government initiatives to support aquaculture
- 5.1.4. Challenges
- 5.1.4.1. Issues of adulteration clean label requirements
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Astaxanthin Market, by Product
- 6.1. Introduction
- 6.2. Dried Algae Meal
- 6.3. Liquid
- 6.4. Oil
- 6.5. Softgel
- 7. Astaxanthin Market, by Source
- 7.1. Introduction
- 7.2. Natural
- 7.3.1. Krill/Shrimp
- 7.3.2. Microalgae
- 7.3.3. Yeast
- 7.3. Synthetic
- 8. Astaxanthin Market, by Application
- 8.1. Introduction
- 8.2. Aquaculture & Animal feed
- 8.3. Cosmetics
- 8.4. Nutraceuticals
- 9. Americas Astaxanthin Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Astaxanthin Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Astaxanthin Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. BASF SE
- 13.1.2. Beijing Gingko Group
- 13.1.3. Cardax, Inc.
- 13.1.4. Cyanotech Corporation
- 13.1.5. Divi's Laboratories Limited
- 13.1.6. E.I.D. - Parry (India) Limited
- 13.1.7. ENEOS Corporation
- 13.1.8. Fenchem
- 13.1.9. Fuji Chemical Industries Co., Ltd.
- 13.1.10. HERBO Nutra Extract Private Limited
- 13.1.11. LycoRed Ltd. by ADAMA Ltd.
- 13.1.12. Merck KGaA
- 13.1.13. Mitushi Bio Pharma
- 13.1.14. NextFerm Technologies Ltd.
- 13.1.15. Otsuka Pharmaceutical Co., Ltd.
- 13.1.16. Royal DSM
- 13.1.17. Solabia Group
- 13.1.18. Valensa International
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
- FIGURE 1. ASTAXANTHIN MARKET RESEARCH PROCESS
- FIGURE 2. ASTAXANTHIN MARKET SIZE, 2023 VS 2030
- FIGURE 3. ASTAXANTHIN MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. ASTAXANTHIN MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. ASTAXANTHIN MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. ASTAXANTHIN MARKET DYNAMICS
- FIGURE 7. ASTAXANTHIN MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 8. ASTAXANTHIN MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. ASTAXANTHIN MARKET SIZE, BY SOURCE, 2023 VS 2030 (%)
- FIGURE 10. ASTAXANTHIN MARKET SIZE, BY SOURCE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 12. ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES ASTAXANTHIN MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES ASTAXANTHIN MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. ASTAXANTHIN MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 22. ASTAXANTHIN MARKET SHARE, BY KEY PLAYER, 2023
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