Global Natural Astaxanthin Market Research Report 2023(Status and Outlook)

Global Natural 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. 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. Natural astaxanthin is biosynthesized by living microalgae (H. Pluvialis). Natural astaxanthin with the molecular formula of C40H52O4 and CAS number 472-61-7 is a member of the carotenoid family and the main carotenoid found in algae and aquatic animals. It is more than just a red pigment; it is primarily an extremely powerful antioxidant. There are two types of natural astaxanthin included astaxanthin oleoresin and astaxanthin powder.

Global Natural Astaxanthin key players include Cyanotech, Fuji, BGG, Parry Nutraceuticals (Valensa International), Algatechnologies, etc. Global top five manufacturers hold a share about 75%. North America is the largest market, with a share about 70%, followed by China and Europe, total with a share about 25 percent. In terms of product, Astaxanthin Oleoresin is the largest segment, with a share about 50%. And in terms of application, the largest application is Nutraceuticals, followed by Cosmetics, Food & Beverages, Feed, etc.

The Global Natural Astaxanthin Market Size was estimated at USD 65 million in 2022 and is projected to reach USD 117.30 million by 2029, exhibiting a CAGR of 8.80% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Natural 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 Natural 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 Natural Astaxanthin market in any manner.

Global Natural 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

Cyanotech

Fuji

BGG

Parry Nutraceuticals

Algatechnologies

Biogenic

Jingzhou Natural Astaxanthin

Yunnan Alphy Biotech

ADM

Piveg

Market Segmentation (by Type)

Astaxanthin Oleoresin

Astaxanthin Powder

Others

Market Segmentation (by Application)

Telecommunication

Consumer Electronics

Automotive

Medical

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 Natural Astaxanthin Market

Overview of the regional outlook of the Natural 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

This enables you to anticipate market changes to remain ahead of your competitors