Leading Astaxanthin Country Markets Databank
The Astaxanthin market was valued at $1,342.5 Million in 2020, and is projected to reach $4,615.0 Million by 2029 growing at a CAGR of 14.77% from 2021 to 2029. North America is expected to be the highest contributor to this market, with $425.6 Million in 2020, and is anticipated to reach $1,446.5 Million by 2029, registering a CAGR of 14.60%. Asia-Pacific is anticipated to reach $1,225.6 Million by 2029 with the highest CAGR of 15.80%. North America and Europe collectively expected to account for about 59.0% share of the Astaxanthin market in 2020, with the former constituting around 31.7% share. Asia-Pacific and North America are expected to witness significant growth rates at a CAGR of 15.80% and 14.60% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 56.2% in the overall Astaxanthin market in 2020, and is anticipated to reach 57.9% by 2029.
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