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Astaxanthin Market

Astaxanthin Market Forecasts to 2028 – Global Analysis By Product (Powder, Tablet), Application (Pharmaceuticals, Personal Care & Cosmetics, Food & Beverage, Animal Feed) and By Geography

4.4 (29 reviews)
Published: May 2021 ID: SMRC20545
4.4 (29 reviews)
Published: May 2021 ID: SMRC20545

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Astaxanthin Market is accounted for $695.94 million in 2020 and is expected to reach $1,356.47 million by 2028 growing at a CAGR of 8.7% during the forecast period. Factors such as increasing demand for cosmetic products, growing preference for dietary supplements, increasing prevalence of diabetes and cardiovascular diseases are driving the growth of the market. However, stringent guidelines regarding the product usage in various human consumption products are hampering the growth of the market.

Astaxanthin is a reddish keto carotenoid pigment that occurs in microalgae, yeast, trout, shrimp, and other sea creatures. It is regarded as a potential antioxidant that has proven its ability to protect human cells from inflammation and oxidation. It is over 500 times stronger than vitamin E and is much more effective than other carotenoids such as lutein and lycopene.

Based on the source, the natural source segment is going to have a lucrative growth during the forecast period owing to the increasing demand for natural food supplements coupled with the high yield of carotenoids. By geography, Asia Pacific is expected to grow at a faster rate during the forecast period due to the growing awareness about astaxanthin among healthcare professionals and the existence of a large population suffering from nutritional deficiency.

Some of the key players profiled in the Astaxanthin Market include BASF SE, Fuji Chemical Industries Co Ltd, Koninklijke DSM N.V., Cyanotech Corporation, Divis Laboratories Ltd, Otsuka Pharmaceutical Co Ltd, Algatechnologies, Valensa International, Supreme Biotechnologies, Igene Biotechnology Inc, AstaReal, Piveg Inc, Cardax Inc, Beijing Ginko Group (BGG), and Fenchem Biotek Ltd.

Sources Covered:
• Natural Source
• Petroleum (Synthetic)

Grades Covered:
• < 94%
• 95-97%
• > 98%   

Methods of Production Covered:
• Bacterial Fermentation
• Chemical Synthesis 

Forms Covered:
• Dry
• Liquid

Products Covered:
• Powder
• Tablet
• Dried Algae Meal or Biomass
• Carotenoid Complexes
• Emulsion
• Oil or Oleoresin
• Soft Gel
• Energy Drinks 

Applications Covered:
• Pharmaceuticals
• Nutraceuticals
• Personal Care & Cosmetics
• Food & Beverage
• Animal Feed
• General Wellbeing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary      
        
2 Preface      
 
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope      
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 Application Analysis    
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
         
5 Global Astaxanthin Market, By Source    
 5.1 Introduction     
 5.2 Natural Source     
  5.2.1 Plants     
  5.2.2 Marine     
   5.2.2.1 Sea Urchin Gonads   
   5.2.2.2 Crustaceans   
    5.2.2.2.1 Crabs & Lobsters  
    5.2.2.2.2 Prawns & Crawfish  
    5.2.2.2.3 Shrimps   
  5.2.3 Algae and Microalgae   
   5.2.3.1 Haematococcus Pluvialis  
   5.2.3.2 Chlorococcum   
   5.2.3.3 Chlorella Zofingiensis  
   5.2.3.4 Schizocytrium Genus  
   5.2.3.5 Yeast/Fungi   
   5.2.3.6 Paracoccus Carotinifaciens  
 5.3 Petroleum (Synthetic)    
        
6 Global Astaxanthin Market, By Grade    
 6.1 Introduction     
 6.2 < 94%      
 6.3 95-97%      
 6.4 > 98%      
        
7 Global Astaxanthin Market, By Method of Production  
 7.1 Introduction     
 7.2 Bacterial Fermentation    
 7.3 Chemical Synthesis     
  7.3.1 Microalgae Cultivation   
  7.3.2 Drying     
  7.3.3 Harvesting    
  7.3.4 Astaxanthin Extraction   
        
8 Global Astaxanthin Market, By Form    
 8.1 Introduction     
 8.2 Dry      
 8.3 Liquid      
        
9 Global Astaxanthin Market, By Product    
 9.1 Introduction     
 9.2 Powder      
  9.2.1 Cold Water Dispersible (CWD) Powder  
  9.2.2 Microencapsulated Powder or Beadlets  
 9.3 Tablet      
 9.4 Dried Algae Meal or Biomass    
 9.5 Carotenoid Complexes    
 9.6 Emulsion      
 9.7 Oil or Oleoresin     
 9.8 Soft Gel      
 9.9 Energy Drinks     
        
10 Global Astaxanthin Market, By Application   
 10.1 Introduction     
 10.2 Pharmaceuticals     
 10.3 Nutraceuticals      
  10.3.1 Functional Foods     
  10.3.2 Dietary Supplements   
 10.4 Personal Care & Cosmetics    
  10.4.1 Skin Care     
  10.4.2 Hair Care     
 10.5 Food & Beverage     
  10.5.1 Bakery & Confectionery   
  10.5.2 Dairy and Frozen Desserts   
 10.6 Animal Feed       
  10.6.1 Aquaculture    
  10.6.2 Livestock     
  10.6.3 Pets     
 10.7 General Wellbeing     
  10.7.1 Eye Health    
  10.7.2 Brain Health    
  10.7.3 Immune & Digestive Health   
  10.7.4 Bone & Joint Health    
  10.7.5 Heart Health    
  10.7.6 Weight Loss    
  10.7.7 Allergies     
        
11 Global Astaxanthin Market, By Geography   
 11.1 Introduction     
 11.2 North America     
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain     
  11.3.6 Rest of Europe    
 11.4 Asia Pacific     
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand    
  11.4.6 South Korea    
  11.4.7 Rest of Asia Pacific    
 11.5 South America     
  11.5.1 Argentina    
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America   
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia    
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa   
        
12 Key Developments      
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions     
 12.5 Other Key Strategies    
        
13 Company Profiling      
 13.1 BASF SE      
 13.2 Fuji Chemical Industries Co Ltd   
 13.3 Koninklijke DSM N.V.    
 13.4 Cyanotech Corporation    
 13.5 Divis Laboratories Ltd    
 13.6 Otsuka Pharmaceutical Co Ltd    
 13.7 Algatechnologies     
 13.8 Valensa International    
 13.9 Supreme Biotechnologies    
 13.10 Igene Biotechnology Inc    
 13.11 AstaReal      
 13.12 Piveg Inc      
 13.13 Cardax Inc     
 13.14 Beijing Ginko Group (BGG)    
 13.15 Fenchem Biotek Ltd     


List of Tables       
1 Global Astaxanthin Market Outlook, By Region (2019-2028) ($MN) 
2 Global Astaxanthin Market Outlook, By Source (2019-2028) ($MN) 
3 Global Astaxanthin Market Outlook, By Natural Source (2019-2028) ($MN)
4 Global Astaxanthin Market Outlook, By Plants (2019-2028) ($MN) 
5 Global Astaxanthin Market Outlook, By Marine (2019-2028) ($MN) 
6 Global Astaxanthin Market Outlook, By Algae and Microalgae (2019-2028) ($MN)
7 Global Astaxanthin Market Outlook, By Petroleum (Synthetic) (2019-2028) ($MN)
8 Global Astaxanthin Market Outlook, By Grade (2019-2028) ($MN) 
9 Global Astaxanthin Market Outlook, By < 94% (2019-2028) ($MN) 
10 Global Astaxanthin Market Outlook, By 95-97% (2019-2028) ($MN) 
11 Global Astaxanthin Market Outlook, By > 98% (2019-2028) ($MN) 
12 Global Astaxanthin Market Outlook, By Method of Production (2019-2028) ($MN)
13 Global Astaxanthin Market Outlook, By Bacterial Fermentation (2019-2028) ($MN)
14 Global Astaxanthin Market Outlook, By Chemical Synthesis (2019-2028) ($MN)
15 Global Astaxanthin Market Outlook, By Microalgae Cultivation (2019-2028) ($MN)
16 Global Astaxanthin Market Outlook, By Drying (2019-2028) ($MN) 
17 Global Astaxanthin Market Outlook, By Harvesting (2019-2028) ($MN) 
18 Global Astaxanthin Market Outlook, By Astaxanthin Extraction (2019-2028) ($MN)
19 Global Astaxanthin Market Outlook, By Form (2019-2028) ($MN) 
20 Global Astaxanthin Market Outlook, By Dry (2019-2028) ($MN)  
21 Global Astaxanthin Market Outlook, By Liquid (2019-2028) ($MN) 
22 Global Astaxanthin Market Outlook, By Product (2019-2028) ($MN) 
23 Global Astaxanthin Market Outlook, By Powder (2019-2028) ($MN) 
24 Global Astaxanthin Market Outlook, By Cold Water Dispersible (CWD) Powder (2019-2028) ($MN)
25 Global Astaxanthin Market Outlook, By Microencapsulated Powder or Beadlets (2019-2028) ($MN)
26 Global Astaxanthin Market Outlook, By Tablet (2019-2028) ($MN) 
27 Global Astaxanthin Market Outlook, By Dried Algae Meal or Biomass (2019-2028) ($MN)
28 Global Astaxanthin Market Outlook, By Carotenoid Complexes (2019-2028) ($MN)
29 Global Astaxanthin Market Outlook, By Emulsion (2019-2028) ($MN) 
30 Global Astaxanthin Market Outlook, By Oil or Oleoresin (2019-2028) ($MN)
31 Global Astaxanthin Market Outlook, By Soft Gel (2019-2028) ($MN) 
32 Global Astaxanthin Market Outlook, By Energy Drinks (2019-2028) ($MN) 
33 Global Astaxanthin Market Outlook, By Application (2019-2028) ($MN) 
34 Global Astaxanthin Market Outlook, By Pharmaceuticals (2019-2028) ($MN)
35 Global Astaxanthin Market Outlook, By Nutraceuticals (2019-2028) ($MN)
36 Global Astaxanthin Market Outlook, By Functional Foods (2019-2028) ($MN)
37 Global Astaxanthin Market Outlook, By Dietary Supplements (2019-2028) ($MN)
38 Global Astaxanthin Market Outlook, By Personal Care & Cosmetics (2019-2028) ($MN)
39 Global Astaxanthin Market Outlook, By Skin Care (2019-2028) ($MN) 
40 Global Astaxanthin Market Outlook, By Hair Care (2019-2028) ($MN) 
41 Global Astaxanthin Market Outlook, By Food & Beverage (2019-2028) ($MN)
42 Global Astaxanthin Market Outlook, By Bakery & Confectionery (2019-2028) ($MN)
43 Global Astaxanthin Market Outlook, By Dairy and Frozen Desserts (2019-2028) ($MN)
44 Global Astaxanthin Market Outlook, By Animal Feed (2019-2028) ($MN) 
45 Global Astaxanthin Market Outlook, By Aquaculture (2019-2028) ($MN) 
46 Global Astaxanthin Market Outlook, By Livestock (2019-2028) ($MN) 
47 Global Astaxanthin Market Outlook, By Pets (2019-2028) ($MN) 
48 Global Astaxanthin Market Outlook, By General Wellbeing (2019-2028) ($MN)
49 Global Astaxanthin Market Outlook, By Eye Health (2019-2028) ($MN) 
50 Global Astaxanthin Market Outlook, By Brain Health (2019-2028) ($MN) 
51 Global Astaxanthin Market Outlook, By Immune & Digestive Health (2019-2028) ($MN)
52 Global Astaxanthin Market Outlook, By Bone & Joint Health (2019-2028) ($MN)
53 Global Astaxanthin Market Outlook, By Heart Health (2019-2028) ($MN) 
54 Global Astaxanthin Market Outlook, By Weight Loss (2019-2028) ($MN) 
55 Global Astaxanthin Market Outlook, By Allergies (2019-2028) ($MN) 
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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