Global Astaxanthin Market Research Report 2023(Status and Outlook)
Report Overview
Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown natural astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and β-carotene. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no “pro-oxidant” activity.
The major players in global Astaxanthin market include DSM, BASF, Zhejiang NHU, etc. The top 3 players occupy about 70% shares of the global market. Europe and North America are main markets, they occupy about 55% of the global market. Natural Astaxanthin is the main type, with a share about 60%. Feed is the main application, which holds a share about 70%.
The Global Astaxanthin Market Size was estimated at USD 84 million in 2022 and is projected to reach USD 171.12 million by 2029, exhibiting a CAGR of 10.70% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Astaxanthin market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Astaxanthin Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Astaxanthin market in any manner.
Global Astaxanthin Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
DSM
BASF
Cyanotech
Fuji
BGG
Yunnan Alphy Biotech
Algatechnologies
Parry Nutraceuticals
Jingzhou Natural Astaxanthin
JX Nippon Oil& Energy
Supreme Biotechnologies
Biogenic
Zhejiang NHU
Market Segmentation (by Type)
Natural Astaxanthin
Synthetic Astaxanthin
Market Segmentation (by Application)
Injection/ Blow Moulding
Pipe Extrusion
Wire & Cable
Film Extrusion
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Astaxanthin Market
Overview of the regional outlook of the Astaxanthin Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
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