The Global Astaxanthin Market Report by Global Insight Services is the single and trusted source of information for the Astaxanthin Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.
Astaxanthin is a carotenoid pigment found in a variety of plant and animal species. It is a red-orange pigment that is responsible for the color of salmon, shrimp, and other seafood. It is also found in the feathers of some birds, the exoskeletons of crustaceans, and the scales of certain fish.
Astaxanthin is a powerful antioxidant that has a variety of potential health benefits. It has been shown to protect against heart disease, cancer, and inflammation. It may also boost brain health and improve exercise performance.
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Key Trends
There has been a recent trend in the development of astaxanthin supplements. These supplements are typically made from microalgae that produce astaxanthin. The microalgae are grown in large ponds and the astaxanthin is extracted from the algae.
Another trend in astaxanthin market is to develop more efficient methods of production. For example, new methods of extraction and purification are being developed. In addition, new strains of microalgae are being developed that produce higher levels of astaxanthin.
The goal of these developments is to make astaxanthin more affordable and accessible to consumers. Astaxanthin supplements are becoming more popular as people become aware of the many health benefits of this potent antioxidant.
Key Drivers
There are several key drivers of the astaxanthin market. One of the most important drivers is the increasing demand for natural and organic products. This is due to the growing awareness of the potential health benefits of astaxanthin and its ability to replace synthetic ingredients in many products.
Another key driver is the increasing popularity of functional foods and supplements. This is because astaxanthin is a powerful antioxidant that can improve overall health and well-being. It is also being used in a variety of cosmetics and personal care products due to its anti-aging properties.
The third key driver is the expanding applications of astaxanthin in the aquaculture industry. This is because astaxanthin can improve the quality of fish and shrimp and increase their shelf life. In addition, astaxanthin is used to enhance the color of fish and shrimp, which is important for the aquaculture industry.
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Market Segments
By Source
- Natural
- Plants
- Yeast & microbes
- Marine animals
- Synthetic (Petroleum)
By Form
- Dry
- Liquid
By Method of Production
- Microalgae cultivation
- Fermentation
- Extraction
- Chemical synthesis
By Application
- Feed
- Dietary supplements
- Food & beverages
- Cosmetics
Key Players
- Koninklijke DSM N.V.
- BASF SE
- Cyanotech Corporation
- Otsuka Holdings Co. Ltd.
- Divi’s Laboratories Ltd.
- Valensa International
- Fuji Chemical Industries Co. Ltd.
- Beijing Gingko Group
- Cardax, Inc.
- Piveg, Inc.
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