The Astaxanthin Market is projected to reach $1.34 billion by 2030, at a CAGR of 8.2% during the forecast period of 2023–2030. The growing awareness about the benefits of natural food colors and clean-label products and the increasing demand for natural cosmetics products and dietary supplements are the key factors driving the growth of the astaxanthin market. Furthermore, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa and government initiatives to support aquaculture are expected to provide significant opportunities for the players operating in this market.
The COVID-19 outbreak created a severe public health emergency globally, with its quick spread in more than 150 countries. Numerous countries worldwide declared emergencies and announced complete nationwide, statewide, or citywide lockdowns to combat & control the spread of this disease, halting all travel, transport, manufacturing, educational institutions, and non-essential trade. This impacted many industries globally, including animal feed, food & beverage, dietary supplements, and cosmetics.
Governments enforced restrictions on operating capacities to ensure social distancing and curb the spread of the virus. Supply chains were disrupted, resulting in production limitations, complications in raw materials sourcing, and higher delivery costs, impacting the global astaxanthin market. Moreover, governments announced a temporary ban on foreign air travel. These factors affected the sales of astaxanthin products. In addition, restrictions on the export and import of non-essential products due to temporary border closures in some countries further hindered the growth of this market.
However, according to an article published by Nutrition Outlook, the sales of dietary supplements increased during the pandemic due to their ability to strengthen the immune system against COVID-19. During the last week of March 2020, the sales of dietary supplements in the U.S. sharply increased by more than 35%. Thus, the growing demand for dietary supplements propelled the growth of the astaxanthin market.
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Increasing Awareness about the Benefits of Natural Food Colors to Drive the Growth of the Astaxanthin Market
The preference for natural food colors over synthetic food colors is increasing due to growing consumer awareness regarding organic products, the health hazards of synthetic colors, and the health benefits of natural food colors. The use of artificial ingredients to enhance food production has led to various health hazards. Nowadays, consumers’ rising health consciousness and growing inclination towards environment-friendly products are driving the demand for naturally grown food products across the globe. Thus, to cater to the growing demand for natural food products, food manufacturers widely use natural food colors to restore the attractiveness of food & beverage products after processing.
Natural food colors or dyes are mainly obtained from plants, animals, fruits, insects, and minerals, making them safe to use as a food additive. They are free from harmful side effects. The use of natural colors is also increasing due to their non-toxic/less toxic nature and fewer side effects compared to artificial colors. Furthermore, governments of various countries are supporting the use of natural food colors as they are biodegradable and do not cause pollution after disposal. Several regulations promoting the use of natural food colors have been passed in many regions, which is further expected to drive the demand for natural food colors across the globe.
The demand for organic foods is constantly increasing, mainly due to consumers’ perception that they are healthier and safer than conventional foods. Organic food is produced without synthetic fertilizers, pesticides, growth hormones, antibiotics, genetically modified organisms (GMOs), colors, flavors, and ingredients. Natural food colors are widely used in organic foods to make them more attractive. Furthermore, the expansion of the food & beverage industry has positively impacted the global natural food colors market, as the consumption of natural food is increasing across the globe, which, in turn, is expected to drive the demand for astaxanthin in the next few years.
Astaxanthin is considered one of the greatest antioxidants in nature due to its benefits in cognition and heart function. For this reason, astaxanthin produced by microalgae is added to capsules and foods for direct human consumption. Recently, natural astaxanthin has gained much traction in the food & beverage industry as a substitute for synthetic astaxanthin that negatively impacts human health upon consumption. Additionally, the preventive effects of natural astaxanthin on chronic diseases have boosted its adoption in the food & beverage industry. Therefore, the growing demand for organic foods and the expanding food & beverage industry fuel the demand for natural food colorants such as natural astaxanthin, which is expected to boost the growth of the astaxanthin market.
In 2023, the Natural Segment is Expected to Dominate the Astaxanthin Market
Based on source, the astaxanthin market is segmented into natural and synthetic. In 2023, the natural segment is expected to account for the larger share of the astaxanthin market. The large market share of this segment is attributed to its strong antioxidant activity and health benefits, such as immune system support, inflammation reduction, sunburn prevention, and cognitive health support. In addition, factors such as high demand for natural astaxanthin in nutraceutical applications, wide-scale availability of natural astaxanthin, rising demand for astaxanthin for cancer treatment, growing health-conscious population, and higher efficacy compared to synthetic products are expected to fuel the growth of this segment.
In 2023, the Dry Form Segment is Expected to Dominate the Astaxanthin Market
Based on form, the astaxanthin market is segmented into dry and liquid. In 2023, the dry segment is expected to account for the larger share of the astaxanthin market. The large market share of this segment is attributed to the advantages of dry astaxanthin, such as ease in handling, transport, and use; longer shelf life of ingredients due to the absence of water; and better ingredient functionality and stability. These advantages have increased the utilization of astaxanthin in dry form in the food and beverages, pharmaceuticals, and cosmetics industries.
In 2023, the Chemical Synthesis Segment is Expected to Dominate the Astaxanthin Market
Based on method of production, in 2023, the chemical synthesis segment is expected to account for the largest share of the astaxanthin market. The large market share of this segment is attributed to the low cost of production, easy application, and good stability against low pH.
The Nutraceuticals Segment is Projected to Witness Highest Demand During the Forecast Period
Based on application, the nutraceuticals segment is projected to witness significant growth during the forecast period of 2023–2030. The rapid growth of this segment is mainly attributed to astaxanthin’s ability to control free radicals enhanced by nutraceuticals, thereby becoming the preferred choice to treat various health ailments, including muscle endurance, gastritis, diabetes, and cardiovascular diseases, among others. Furthermore, astaxanthin’s antioxidant properties, low side effects, and high nutritional value have made them the priority choice as raw materials in nutraceuticals.
Asia-Pacific: Fastest-growing Regional Market
Based on geography, in 2023, Europe is expected to account for the largest share of the astaxanthin market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of Europe is attributed to the growing food & beverage industry, rising health & wellness trends, increasing feed production, and growing demand for chemical-free cosmetics. Furthermore, the increase in the aging population in the region has led to a surge in demand for astaxanthin to reduce the risk of diabetes, cancer, and other heart-related issues.
However, the market in Asia-Pacific is slated to record the fastest growth rate during the forecast period. The growth of this regional market is driven by the growing consumer preference for natural ingredients, increasing production and consumption of nutraceuticals, rising consumer awareness regarding the negative effects of synthetic astaxanthin coupled with the growth in spending abilities of the consumers, strong growth in the food & beverage industry, and increased animal feed demand.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the astaxanthin market between 2020 and 2023. The key players profiled in this astaxanthin market study are Algatechnologies Ltd. (Israel), BASF SE (Germany), BGG (Beijing Gingko Group) (China), Cardax, Inc. (U.S.), Cyanotech Corporation (U.S.), Divi's Laboratories Limited (India), Koninklijke DSM N.V. (Netherlands), Fenchem (China), Fuji Chemical Industries Co., Ltd. (Japan), Valensa International (U.S.), Otsuka Holdings Co., Ltd. (Japan), Piveg, Inc. (U.S.), Vidya Europe SAS (France), Wellgreen Technology Co., Ltd. (China), and Algalíf Iceland ehf (Iceland).
Astaxanthin Market, by Source
Astaxanthin Market, by Form
Astaxanthin Market, by Method of Production
Astaxanthin Market, by Application
Astaxanthin Market, by Geography
Key Questions Answered in the Report:
This report covers the market sizes & forecasts of the astaxanthin market based on source, form, method of production, application, and geography. This report also provides the value analysis of various segments and subsegments of the astaxanthin market at the regional and country levels.
The astaxanthin market is projected to reach a value of $1.34 billion by 2030, growing at a CAGR of 8.2% during the forecast period.
Based on source, in 2023, the natural segment is expected to account for the largest share of the astaxanthin market.
Based on application, the nutraceuticals segment is slated to register the fastest growth rate during the forecast period. The growth of this segment is attributed to astaxanthin’s ability to control free radicals enhanced by nutraceuticals, thereby becoming the preferred choice to treat various health ailments, including muscle endurance, gastritis, diabetes, and cardiovascular diseases, among others. Furthermore, astaxanthin’s antioxidant properties, low side effects, and high nutritional value make them the priority choice as raw materials in nutraceuticals.
This market is driven by the growing awareness about the benefits of natural food colors and clean-label products and the increasing demand for natural cosmetics products and dietary supplements. Furthermore, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa and government initiatives to support aquaculture provide significant opportunities for the growth of this market.
The key players operating in the astaxanthin market are Algatechnologies Ltd. (Israel), BASF SE (Germany), BGG (Beijing Gingko Group) (China), Cardax, Inc. (U.S.), Cyanotech Corporation (U.S.), Divi's Laboratories Limited (India), Koninklijke DSM N.V. (Netherlands), Fenchem (China), Fuji Chemical Industries Co., Ltd. (Japan), Valensa International (U.S.), Otsuka Holdings Co., Ltd. (Japan), Piveg, Inc. (U.S.), Vidya Europe SAS (France), Wellgreen Technology Co., Ltd. (China), and Algalíf Iceland ehf (Iceland).
Countries from Asia & Latin America are projected to offer significant growth opportunities for the vendors in this market due to factors such as the growing population, the region’s growing food & beverage processing sector, substantial growth in the livestock sector, rising pharmaceutical industry, and growing focus on wellness trends.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth forecast
2.3.2. Market Share Estimation
2.4. Assumptions for the Study
2.5. Limitations of the Study
3. Executive Summary
3.1. Introduction
3.2. Segmental Analysis
3.2.1. Astaxanthin Market Analysis: by Source
3.2.2. Astaxanthin Market Analysis: by Form
3.2.3. Astaxanthin Market Analysis: by Method of Production
3.2.4. Astaxanthin Market Analysis: by Application
3.3. Regional Analysis
3.4. Key Players
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Awareness About Clean-label Products
4.2.2 Increasing Demand for Natural Cosmetics Products
4.2.3. Growing Awareness About the Benefits of Natural Food Colors
4.2.4. Increasing Demand for Dietary Supplements
4.3. Restraints
4.3.1. Stringent Regulatory and Approval Norms
4.3.2. High Cost of Natural Astaxanthin
4.4. Opportunities
4.4.1. Emerging Economies in Asia-Pacific, Latin America, and the Middle East & Africa
4.4.2. Government Initiatives to Support Aquaculture
4.5. The Impact of COVID-19 on the Global Astaxanthin Market
5. Global Astaxanthin Market, by Source
5.1. Introduction
5.2. Natural
5.3. Synthetic
6. Global Astaxanthin Market, by Form
6.1. Introduction
6.2. Dry
6.3. Liquid
7. Global Astaxanthin Market, by Method of Production
7.1. Introduction
7.2. Chemical Synthesis
7.3. Microalgae Cultivation
7.4. Fermentation
7.5. Extraction
8. Global Astaxanthin Market, by Application
8.1. Introduction
8.2. Food & Beverages
8.3. Nutraceuticals
8.4. Animal Feed
8.5. Pharmaceuticals
8.6. Personal Care & Cosmetics
8.7. Other Applications
9. Astaxanthin Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe (RoE)
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Australia
9.4.5. Rest of Asia-Pacific (RoAPAC)
9.5. Latin America
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Argentina
9.5.4. Rest of Latin America (RoLATAM)
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Strategic Developments
10.3. Competitive Benchmarking
10.4. Market Share Analysis, by Key Players, 2022 (%)
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. Algatechnologies Ltd.
11.2. BASF SE
11.3. BGG (Beijing Gingko Group)
11.4. Cardax, Inc.
11.5. Cyanotech Corporation
11.6. Divi's Laboratories Limited
11.7. Koninklijke DSM N.V.
11.8. Fenchem
11.9. Fuji Chemical Industries Co., Ltd.
11.10. Valensa International
11.11. Otsuka Holdings Co., Ltd.
11.12. Piveg, Inc.
11.13. Vidya Europe SAS
11.14. Wellgreen Technology Co., Ltd.
11.15. Algalíf Iceland ehf
11.16. Other Companies
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Global Astaxanthin Market: Impact Analysis of Market Drivers (2021–2030)
Table 2 Global Astaxanthin Market: Impact Analysis of Market Restraints (2021–2030)
Table 3 Global Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 4 Global Natural Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Synthetic Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 7 Global Dry Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Liquid Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 10 Global Astaxanthin Market Size for Chemical Synthesis, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Astaxanthin Market Size for Microalgae Cultivation, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Astaxanthin Market Size for Fermentation, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Astaxanthin Market Size for Extraction, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 15 Global Astaxanthin Market Size for Food & Beverages, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Astaxanthin Market Size for Nutraceuticals, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Astaxanthin Market Size for Animal Feed, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Astaxanthin Market Size for Pharmaceuticals, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Astaxanthin Market Size for Personal Care & Cosmetics, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Astaxanthin Market Size for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Astaxanthin Market Size, by Region, 2021–2030 (USD Million)
Table 22 North America: Astaxanthin Market Size, by Country, 2021–2030 (USD Million)
Table 23 North America: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 24 North America: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 25 North America: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 26 North America: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 27 U.S.: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 28 U.S.: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 29 U.S.: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 30 U.S.: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 31 Canada: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 32 Canada: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 33 Canada: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 34 Canada: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 35 Europe: Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 36 Europe: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 37 Europe: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 38 Europe: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 39 Europe: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 40 Germany: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 41 Germany: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 42 Germany: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 43 Germany: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 44 France: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 45 France: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 46 France: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 47 France: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 48 U.K.: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 49 U.K.: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 50 U.K.: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 51 U.K.: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 52 Italy: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 53 Italy: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 54 Italy: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 55 Italy: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 56 Spain: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 57 Spain: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 58 Spain: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 59 Spain: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 60 RoE: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 61 RoE: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 62 RoE: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 63 RoE: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 64 Asia-Pacific: Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 65 Asia-Pacific: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 66 Asia-Pacific: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 67 Asia-Pacific: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 68 Asia-Pacific: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 69 China: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 70 China: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 71 China: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 72 China: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 73 Japan: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 74 Japan: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 75 Japan: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 76 Japan: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 77 India: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 78 India: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 79 India: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 80 India: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 81 Australia: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 82 Australia: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 83 Australia: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 84 Australia: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 85 RoAPAC: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 86 RoAPAC: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 87 RoAPAC: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 88 RoAPAC: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 89 Latin America: Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 90 Latin America: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 91 Latin America: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 92 Latin America: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 93 Latin America: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 94 Brazil: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 95 Brazil: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 96 Brazil: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 97 Brazil: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 98 Mexico: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 99 Mexico: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 100 Mexico: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 101 Mexico: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 102 Argentina: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 103 Argentina: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 104 Argentina: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 105 Argentina: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 106 RoLATAM: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 107 RoLATAM: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 108 RoLATAM: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 109 RoLATAM: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 110 Middle East & Africa: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 111 Middle East & Africa: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 112 Middle East & Africa: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 113 Middle East & Africa: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 114 Number of Developments by Major Players During 2020–2023
List of Figures
Figure 1 Key Stakeholders
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 7 Market Size Estimation
Figure 8 In 2023, the Natural Segment is Expected to Account for the Largest Share
Figure 9 The Dry Form Segment to Register the Highest CAGR During 2023–2030
Figure 10 In 2023, the Chemical Synthesis Segment is Expected to Dominate the Market
Figure 11 The Nutraceuticals Segment to Register the Highest CAGR During 2023–2030
Figure 12 Asia-Pacific to be the Fastest-Growing Regional Market
Figure 13 Market Dynamics
Figure 14 Global Astaxanthin Market Size, by Source, 2023 Vs. 2030 (USD Million)
Figure 15 Global Astaxanthin Market Size, by Form, 2023 Vs. 2030 (USD Million)
Figure 16 Global Astaxanthin Market Size, by Method of Production, 2023 Vs. 2030 (USD Million)
Figure 17 Global Astaxanthin Market Size, by Application, 2023 Vs. 2030 (USD Million)
Figure 18 Global Astaxanthin Market Size, by Region, 2023 Vs. 2030 (USD Million)
Figure 19 North America: Astaxanthin Market Snapshot (2023)
Figure 20 Europe: Astaxanthin Market Snapshot (2023)
Figure 21 Asia-Pacific: Astaxanthin Market Snapshot (2023)
Figure 22 Latin America: Astaxanthin Market Snapshot (2023)
Figure 23 Middle East & Africa: Astaxanthin Market Snapshot (2023)
Figure 24 Key Growth Strategies Adopted by Leading Players, 2020–2023
Figure 25 Astaxanthin Market: Competitive Benchmarking, by Source
Figure 26 Astaxanthin Market Share Analysis, by Key Players, 2022 (%)
Figure 27 Cardax, Inc.: Financial Overview (2022)
Figure 28 Cyanotech Corporation: Financial Overview (2022)
Figure 29 Divi's Laboratories Limited: Financial Overview (2022)
Figure 30 Koninklijke DSM N.V.: Financial Overview (2022)
Figure 31 Otsuka Holdings Co., Ltd.: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jun-2023
Published Date: May-2023
Published Date: Dec-2021
Published Date: Jan-2023
