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Astaxanthin Market Exhibiting High Growth Rate Till Forecast
According to IndustryARC’s new market research report “Astaxanthin Market: By Product Type (Synthetic Astaxanthin, Astaxanthin Rich Paracoccus Bacteria, Pluviallis Microalgae Astaxanthin, Aematococcus); By Form (Liquid, Dry); By Application and Hygiene (Di) Aquaculture, Cosmetics, Food & Beverage, Feed; By Source (Natural, Synthetic) and Geography – (2018-2023)”, the market will be driven by growth in health-conscious public and exponential demand for natural food coloring agents.
Americas region has the largest market share in the astaxanthin market, however, Asia Pacific is estimated to have the highest growth. As anti-aging creams and other skin products are more sought after than ever before, the use of astaxanthin has become ubiquitous in the region. Key applications in this region include cosmetics and dietary supplements, among others.
Selected impact analysis is completed in the full report
Astaxanthin is responsible for the red color of many marine animals such as crayfish, krill and salmon. Astaxanthin gives many marine animals such as crayfish, krill and salmon their red color.
Astaxanthin has been reported in many studies for its high antioxidant and skin-friendly properties.
Paracoccus bacteria, astaxanthin-rich faphia yeast, and synthetic astaxanthin are mainly used in aquaculture, while H. Astaxanthin obtained from pluvialis microalgae is the main source for human applications such as food and beverages.
Quote on market growth factor
Aquaculture and animal feed are the main applications, while carotenoids have been used to color fish and improve animal structure.
The nutraceutical segment is expected to witness rapid growth during the forecast period.
Astaxanthin Softgels is estimated to register a brisk growth rate during the forecast period.
Synthetic sources will gain a major share in the market.
Natural resources are estimated to witness a boom over the forecast period
Astaxanthin can be made from natural sources. High yields of carotenoids and low maintenance costs will drive the growth of natural sources, which in turn will drive the growth of Astaxanthin.
Key Players of Astaxanthin Market:
Astaxanthin is oligopolistic in nature and dominated by a limited number of key players.
Koninklijke DSM NV is one of the major players in the Astaxanthin market. The Heerlen headquartered company with more than 20,000 employees worldwide witnessed net sales of € 8,632 and net profit of € 1,781 in 2017.
BASF SE is another conglomerate that generated $816 million in revenue through 2017 operations.
In September 2014, Algatech entered into an R&D agreement with SCHOTT AG, a German company, to increase the productivity of its closed tube farming system.
The Astaxanthin Market report is segmented as mentioned below:
A. By source:
B. By product
1. Dry biomass/powder
3. Soft gel
C. By application
1. Dietary Supplements/Nutraceuticals
3. Animal health and aquaculture
4. Food and Beverage
D. By form
2. Dry form
E. By Geography (Covering 12+ Countries)
F by entropy
1. Cyanotech Corporation
2. Otsuka Pharmaceutical Co., Ltd
3. Valenza International
4. Fuji Chemical Industries Co., Ltd
5. Davis Laboratories Ltd
6. Beijing Ginko Group (BGG)
7. Igene Biotechnology Inc
9. Fenchem Biotek Ltd
10. Algate Technologies
11. Cardax, Inc
12. Supreme Biotechnologies
13. Parry Nutraceuticals
14. Loose Technologies
15. BlueOcean NutraSciences Inc
16. MicroA AS, EID Parry (India) Ltd
17. Helia Development, LLC
What can you expect from the report?
The Astaxanthin market report is prepared with the main agenda to cover the following 20 points:
1. Market size by product category
2. Market trends
3. Productive landscape
4. Distributor landscape
5. Price analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Development
9. Merger and Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (by Revenue and Volume)
12. Country Level Analysis (15+)
13. Competitor Analysis
14. Market share analysis
15. Value chain analysis
16.Supply chain analysis
17. Strategic Analysis
18.Current and future market landscape analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
Does IndustryARC publish reports on the Astaxanthin market by country, geography or application?
Yes, we have separate reports as mentioned below:
1. Americas Market for Astaxanthin (2018-2023)
2. Europe Market for Astaxanthin (2018-2023)
3. APAC Market for Astaxanthin (2018-2023)
4.RoW Market for Astaxanthin (2018-2023)
5. Natural Market for Astaxanthin (2018-2023)
6. Synthetic Market for Astaxanthin (2018-2023)
7. Dried Biomass/Powder Market for Astaxanthin (2018-2023)
8. Market for Astaxanthin in Oil (2018-2023)
9. Soft Gel Market for Astaxanthin (2018-2023)
10. Liquid Market for Astaxanthin (2018-2023)
11. Dietary Supplements/Nutraceuticals Market for Astaxanthin (2018-2023)
12. Cosmetics Market for Astaxanthin (2018-2023)
13. Animal Health and Aquaculture Market for Astaxanthin (2018-2023)
14. Food and Beverage Market for Astaxanthin (2018-2023)
15. Feed Market for Astaxanthin (2018-2023)
16. Liquid Market for Astaxanthin (2018-2023)
17. Dried Form Market for Astaxanthin (2018-2023)
Does IndustryARC customize these reports and charge extra for limited customization?
Yes, we can customize reports by extracting data from our reports database and annual subscription database. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2.Increase the number of countries in the geographical section.
3. Find market share for other small companies or companies that interest you.
4. Company profiles may be requested based on your interests.
5. Patent analysis, pricing, product analysis, product benchmarking, quality and supply chain analysis may be requested for a country or end-use segment.
Any other major customization can be discussed with our team, we can provide an individual quote based on your needs. You can send an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
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