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Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown natural astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and ß-carotene. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no "pro-oxidant" activity.
According to our (Global Info Research) latest study, the global Astaxanthin market size was valued at USD 124.7 million in 2022 and is forecast to a readjusted size of USD 203.3 million by 2029 with a CAGR of 7.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global astaxanthin market include DSM, BASF, Zhejiang NHU, etc. The top 5 players occupy about 65% shares of the global market. Asia-Pacific is main market, which occupies about 40% of the global market. Synthetic astaxanthin is the main type, with a share about 36%. Feed is the main application, which holds a share about 45%.
This report is a detailed and comprehensive analysis for global Astaxanthin market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Astaxanthin market size and forecasts, in consumption value ($ Million), sales quantity (Kg), and average selling prices (US$/Kg), 2018-2029
Global Astaxanthin market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kg), and average selling prices (US$/Kg), 2018-2029
Global Astaxanthin market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kg), and average selling prices (US$/Kg), 2018-2029
Global Astaxanthin market shares of main players, shipments in revenue ($ Million), sales quantity (Kg), and ASP (US$/Kg), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Astaxanthin
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Astaxanthin market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include DSM, Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., BASF and Divi's Laboratories Limited, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Astaxanthin market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- 2% Astaxanthin Powder
- 3% Astaxanthin Powder
- 5% Astaxanthin Powder
- 10% Astaxanthin Powder
- 20% Astaxanthin Powder
- 5% Astaxanthin Oleoresin
- 10% Astaxanthin Oleoresin
- Other Natural Astaxanthin
- Synthetic Astaxanthin
Market segment by Application
- Feed
- Nutraceuticals
- Cosmetics
- Food & Beverages
- Others
Major players covered
- DSM
- Cyanotech Corporation
- Fuji Chemical Industries Co., Ltd.
- BASF
- Divi's Laboratories Limited
- BGG
- Zhejiang NHU Company Ltd.
- Yunnan Alphy Biotech Co., Ltd.
- ENEOS Corporation
- Jingzhou Natural Astaxanthin, Inc.
- Parry Nutraceuticals
- AlgaTechnologies Ltd.
- Biogenic Co., Ltd.
- Nextperm Technologies Ltd.
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Astaxanthin product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Astaxanthin, with price, sales, revenue and global market share of Astaxanthin from 2018 to 2023.
Chapter 3, the Astaxanthin competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Astaxanthin breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Astaxanthin market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Astaxanthin.
Chapter 14 and 15, to describe Astaxanthin sales channel, distributors, customers, research findings and conclusion.