Global Natural Astaxanthin Market Growth 2023-2029

Global Natural Astaxanthin Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Natural Astaxanthin Industry Forecast” looks at past sales and reviews total world Natural Astaxanthin sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Astaxanthin sales for 2023 through 2029. With Natural Astaxanthin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Astaxanthin industry.
This Insight Report provides a comprehensive analysis of the global Natural Astaxanthin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Astaxanthin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Astaxanthin market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Astaxanthin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Astaxanthin.
The global Natural Astaxanthin market size is projected to grow from US$ 68 million in 2022 to US$ 126.2 million in 2029; it is expected to grow at a CAGR of 126.2 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Astaxanthin market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Astaxanthin Oleoresin
Astaxanthin Powder
Others
Segmentation by application
Nutraceuticals
Cosmetics
Food & Beverages
Feed
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cyanotech
Fuji
BGG
Parry Nutraceuticals
Algatechnologies
Biogenic
Jingzhou Natural Astaxanthin
Yunnan Alphy Biotech
ADM
Piveg
Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Astaxanthin market?
What factors are driving Natural Astaxanthin market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Astaxanthin market opportunities vary by end market size?
How does Natural Astaxanthin break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.