The Astaxanthin Market is expected to grow at a CAGR of 15% during the forecast period 2022-2028. Astaxanthin is a keto-carotenoid pigment that occurs in microalgae, yeast, trout, shrimp, and other sea creatures. It is commonly found in salmon fish, giving it a pinkish color. It is primarily used as an antioxidant and food colorant in a variety of application industries such as food and beverage, animal feed, pharmaceuticals, nutraceuticals, and personal care. Astaxanthin has applications in several industries including food and beverage, animal feed, pharmaceuticals, and nutraceuticals. The demand for astaxanthin has been skyrocketing in recent years as the demand for functional foods and beverages increases with the growing health-conscious population.
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Company Profile
The market is dominated by various major players including Cyanotech Corporation; JX Nippon Oil and Energy Corporation; MicroA AS; BlueOceanNutraSciences, Inc.; Fenchem; Beijing Gingko Group (BGG); EID-Parry (India) Ltd.; IGENE Biotechnology, Inc.; Fuji Chemical Industry Co., Ltd.; and Algatechnologies.
Market Segmentation
On the basis of Application
- Feed
- Supplements
- Food
- Cosmetics
On the basis of Form
- Dry Form
- Liquid Form
On the basis of Method of Production
- Microalgae Cultivation
- Fermentation
- Extraction
- Chemical Synthesis
Scope of the Report
The research study analyzes the Astaxanthin Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Astaxanthin Market Report
- What was the Astaxanthin Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Astaxanthin Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Astaxanthin Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Astaxanthin market.
- The market share of the Astaxanthin market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Astaxanthin market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Astaxanthin market.
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