Global Astaxanthin Market 2024-2028

Global Astaxanthin Market 2024-2028


The astaxanthin market is forecasted to grow by USD 484.12 mn during 2023-2028, accelerating at a CAGR of 9.82% during the forecast period. The report on the astaxanthin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing health and wellness awareness, rising demand for natural ingredients, and rise of e-commerce and online shopping.

Technavio's astaxanthin market is segmented as below:

By Source
  • Natural
  • Synthetic
By Type
  • Dry
  • Liquid
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the increasing natural and sustainable sourcing of astaxanthin as one of the prime reasons driving the astaxanthin market growth during the next few years. Also, rising advertising and marketing campaigns and use of astaxanthin in beauty and cosmetic products will lead to sizable demand in the market.

The report on the astaxanthin market covers the following areas:
  • Astaxanthin market sizing
  • Astaxanthin market forecast
  • Astaxanthin market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading astaxanthin market vendors that include Algamo s.r.o., Algatech Ltd., AstaMAZ NZ Ltd., Atacama Bio Natural Products S.A., BASF SE, Beijing Gingko Group, Biogenic Co. Ltd., Cardax Inc., Cyanotech Corp., Divis Laboratories Ltd., EID Parry India Ltd., ENEOS Holdings Inc., FENCHEM, Fuji Chemical Industries Co. Ltd., Koninklijke DSM NV, NOW Health Group Inc., Otsuka Pharmaceutical Co. Ltd., Piveg Inc., Valensa International, and Zhejiang NHU Company Ltd.. Also, the astaxanthin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Source
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global astaxanthin market 2018 - 2022
      • Table Historic Market Size – Data Table on global astaxanthin market 2018 - 2022 ($ million)
    • Source Segment Analysis 2018 - 2022
      • Table Historic Market Size – Source Segment 2018 - 2022 ($ million)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Source
    • Market segments
      • Table Chart on Source - Market share 2023-2028 (%)
      • Table Data Table on Source - Market share 2023-2028 (%)
    • Comparison by Source
      • Table Chart on Comparison by Source
      • Table Data Table on Comparison by Source
    • Natural - Market size and forecast 2023-2028
      • Table Chart on Natural - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Natural - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Natural - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Natural - Year-over-year growth 2023-2028 (%)
    • Synthetic - Market size and forecast 2023-2028
      • Table Chart on Synthetic - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Synthetic - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Synthetic - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Synthetic - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Source
      • Table Market opportunity by Source ($ million)
      • Table Data Table on Market opportunity by Source ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Dry - Market size and forecast 2023-2028
      • Table Chart on Dry - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Dry - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Dry - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Dry - Year-over-year growth 2023-2028 (%)
    • Liquid - Market size and forecast 2023-2028
      • Table Chart on Liquid - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Liquid - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Liquid - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Liquid - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • France - Market size and forecast 2023-2028
      • Table Chart on France - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Table Chart on France - Year-over-year growth 2023-2028 (%)
      • Table Data Table on France - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing health and wellness awareness
      • Rising demand for natural ingredients
    • Market challenges
      • High production rates
      • High energy costs for bakery processors
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Increasing natural and sustainable sourcing of astaxanthin
      • Rising advertising and marketing campaigns
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • BASF SE
      • Table BASF SE - Overview
      • Table BASF SE - Business segments
      • Table BASF SE - Key news
      • Table BASF SE - Key offerings
      • Table BASF SE - Segment focus
    • Beijing Gingko Group
      • Table Beijing Gingko Group - Overview
      • Table Beijing Gingko Group - Product / Service
      • Table Beijing Gingko Group - Key offerings
    • Cardax Inc.
      • Table Cardax Inc. - Overview
      • Table Cardax Inc. - Product / Service
      • Table Cardax Inc. - Key offerings
    • Cyanotech Corp.
      • Table Cyanotech Corp. - Overview
      • Table Cyanotech Corp. - Product / Service
      • Table Cyanotech Corp. - Key offerings
    • Divis Laboratories Ltd.
      • Table Divis Laboratories Ltd. - Overview
      • Table Divis Laboratories Ltd. - Product / Service
      • Table Divis Laboratories Ltd. - Key offerings
    • EID Parry India Ltd.
      • Table EID Parry India Ltd. - Overview
      • Table EID Parry India Ltd. - Business segments
      • Table EID Parry India Ltd. - Key offerings
      • Table EID Parry India Ltd. - Segment focus
    • ENEOS Holdings Inc.
      • Table ENEOS Holdings Inc. - Overview
      • Table ENEOS Holdings Inc. - Product / Service
      • Table ENEOS Holdings Inc. - Key offerings
    • FENCHEM
      • Table FENCHEM - Overview
      • Table FENCHEM - Product / Service
      • Table FENCHEM - Key offerings
    • Fuji Chemical Industries Co. Ltd
      • Table Fuji Chemical Industries Co. Ltd - Overview
      • Table Fuji Chemical Industries Co. Ltd - Product / Service
      • Table Fuji Chemical Industries Co. Ltd - Key offerings
    • Koninklijke DSM NV
      • Table Koninklijke DSM NV - Overview
      • Table Koninklijke DSM NV - Business segments
      • Table Koninklijke DSM NV - Key news
      • Table Koninklijke DSM NV - Key offerings
      • Table Koninklijke DSM NV - Segment focus
    • NOW Health Group Inc.
      • Table NOW Health Group Inc. - Overview
      • Table NOW Health Group Inc. - Product / Service
      • Table NOW Health Group Inc. - Key offerings
    • Otsuka Pharmaceutical Co. Ltd.
      • Table Otsuka Pharmaceutical Co. Ltd. - Overview
      • Table Otsuka Pharmaceutical Co. Ltd. - Product / Service
      • Table Otsuka Pharmaceutical Co. Ltd. - Key offerings
    • PIVEG Inc.
      • Table PIVEG Inc. - Overview
      • Table PIVEG Inc. - Product / Service
      • Table PIVEG Inc. - Key offerings
    • Valensa International
      • Table Valensa International - Overview
      • Table Valensa International - Product / Service
      • Table Valensa International - Key offerings
    • Zhejiang NHU Company Ltd.
      • Table Zhejiang NHU Company Ltd. - Overview
      • Table Zhejiang NHU Company Ltd. - Product / Service
      • Table Zhejiang NHU Company Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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