Astaxanthin Market Growth Analysis, Demand, Trends and Developments Forecast to 2028

The global Astaxanthin marketwas valued at USD 636 million in 2020 and is expected to reach USD 1,058.6 million by the year 2028, at a CAGR of 6.5%.

The global Astaxanthin marketwas valued at USD 636 million in 2020 and is expected to reach USD 1,058.6 million by the year 2028, at a CAGR of 6.5%. Astaxanthin can be naturally found in a wide variety of seafood, such as salmon and marine invertebrates such as krill, lobster, and shrimp. Astaxanthin is also found in birds like amino, quail, and other species.

It is segmented into key regions around the world based on growth rate, share, size, trends, current and emerging factors, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and key player presence across the globe. To gain a better understanding of the regional spread and progress of the Astaxanthin Market, the report provides a country-by-country analysis of the market.

 

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Market Overview:

A growing number of patients are benefiting from cell and gene therapies; previously incurable diseases are finding a cure. Pharmaceutical and healthcare sectors are changing rapidly. With the advent of artificial intelligence (AI) and machine-learning technologies, expectations are rising for more inventive, faster, and less expensive therapeutic development. A data-driven approach could be beneficial to the manufacturing, supply chain, and healthcare ecosystem at large. As a result of increased technology use and data sharing, as well as increased willingness to use prescription and treatment tools, attitudes and behaviors of consumers are changing. Over the next few years, such factors are expected to drive the growth of the pharmaceutical and healthcare markets.

 

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Companies considered and profiled in this market study

Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Valensa International (US), Fuji Chemical Industries Co. (Japan), Divis Laboratories Ltd. (India), Beijing Ginko Group (China), Igene Biotechnology, Inc. (US), Piveg, Inc. (US), Fenchem Biotek Ltd. (US), Algatechnologies (Israel), Cardax, Inc. (US), and Algatechnologies (US).

 

Segments covered in the report

This report forecasts revenue growth at a global, regional country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2027. For the purpose of this study, Reports and Data have segmented Astaxanthin Market on the application, form, source and region:

On the basis of source, the astaxanthin market has been segmented as follows:

  • Natural Source
    • Plants
    • Yeast Microbes
    • Marine
  • Petroleum (Synthetic)

 

On the basis of Application, the astaxanthin market has been segmented as follows:

  • Feed
  • Supplements 
  • Food
  • Cosmetics

 

On the basis of Form, the astaxanthin market has been segmented as follows:

  • Dry Form
    • Tablet
    • Powder
    • Biomass
  • Liquid Form
    • Gel
    • Oils
  • Energy Drinks

 

On the basis of Method of Production, the astaxanthin market has been segmented as follows:

  • Microalgae Cultivation
  • Fermentation
  • Extraction
  • Chemical Synthesis

 

Regional Outlook (Volume Metric Tons, Revenue, USD Million; 2018-2028)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East Africa
    • Latin America
    • Brazil
    • Rest of Latin America

 

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Major Points covered in this report are as below:

  • In this report, market development trends and marketing channels in the Astaxanthin Market industry are analyzed, feasibility of new investment projects is evaluated, and overall conclusions are presented.
  • This report provides key industry statistics through tables and figures, serving as an invaluable source of information and advice for companies and individuals involved in this sector.
  • Additionally, this report analyzes development policies and plans, manufacturing processes, and cost structures, as well as import/export consumption figures, supply and demand figures, costs, prices, revenues, and gross margins.
  • For companies and individuals interested in the Astaxanthin Market     industry, the Astaxanthin Market  report provides information on the current market status of the Astaxanthin Market  manufacturers and provides valuable guidance and direction.


We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

 

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