"Market Intelligence that Adds Flavour to Your Success"

Astaxanthin Market Size, Share & Industry Analysis, By Product Type (Natural, Synthetic), By Application (Aquaculture, Nutraceuticals, Food and Beverages, Others) Others and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102110 | Status : Ongoing

 

KEY MARKET INSIGHTS

Astaxanthin is a carotenoid, which is a chemical found in some marine plants and animals. Carotenoid is the class of pigment, which give colour to plants. Algae is a rich source of astaxanthin, which can be used as its source for the making of supplements. The astaxanthin causes red or pink colour in various seafood, such as lobster, salmon, and others. The popularity of astaxanthin in various applications, such as food sectors, aquaculture, and nutraceuticals industries has influenced its demand in global astaxanthin market positively. Astaxanthin is an antioxidant, which helps to reduce the oxidation in the human body. The rising popularity and the huge acceptance of astaxanthin among the consumers are due to its associated health benefits. Antioxidants can play an important role to prevent various human diseases, such as ageing, eye diseases, Alzheimer disease, and others, which is creating a huge demand for astaxanthin among consumers. Hence manufacturers are involving and utilising astaxanthin in the manufacturing of functional foods and other products, which is expected to give a boost in the growth of global astaxanthin market.


Key Market Driver -

Increased Consumer Awareness and Knowledge about Astaxanthin and its Health Benefits

Key Market Restraint -

High Price and Low Product Penetration in the Market


The health benefits associated with the consumption of astaxanthin is driving its demand in the global market. The rising health awareness and increased consumer knowledge have influenced its growth positively. The manufacturers are utilising this opportunity by availing their by-products in the market, such as dietary supplements and others.


The price of astaxanthin is high as compared to other alternative antioxidants which are available in the market. The product penetration is low in various developing as well as developed countries, which impact in low consumption of astaxanthin across the world.


Key Players Covered:


Several key players are operating in the global astaxanthin market performing to make a grip on the market. The manufacturers are utilising the potential and increased demand for astaxanthin by catering the demand by producing the products to make it avail in the market. Some of the major key players include AstaReal, Inc., Valensa International, Nu U Nutrition Limited, iHerb LLC., Rudra Bioventures Private Limited, Icelandirect Inc., Peak Nutritional Products, and Algatech LTD.


The natural and organic product and food consumption trend have made the natural astaxanthin segment dominant in the market over synthetic astaxanthin. Consumers are shifting towards the clean label and natural products due to the increasing health concerns, which has led the demand up for the natural astaxanthin. Whereas synthetic astaxanthin offers the same benefits as natural but manufactured by using synthetic chemicals and substances, and hence, it costs less to the consumers.


Based on the application type, the nutraceutical is one of the growing and major consumer of astaxanthin to utilise it in their final products, such as dietary supplements and various functional foods. The rise in the popularity of nutraceuticals is influenced by the rising health concerns among the consumers, owing to its associated health benefits. Food and beverages sector is also growing and utilising astaxanthin in the final product to produce various functional foods. It is anticipated to increase in the consumption of astaxanthin along with the growth of its various applications.


Regional Analysis:


To gain extensive insights into the market, Request for Customization


North-America is witnessed as one of the major key market regions for astaxanthin consumption. The rising trend of aquaculture in the region has led to increasing in the popularity of astaxanthin. The countries such as the U.S. and Mexico have large consumer base preferring seafood and animals, which requires astaxanthin as an ingredient for processing its functional foods and other dietary supplements for consumers. The aquaculture industry is one of the rising industry in the region, which indicates the growth in the consumption of astaxanthin in the global astaxanthin market.  


Segmentation






















 ATTRIBUTE


 DETAILS

By Product Type




  • Natural

  • Synthetic



By Application




  • Aquaculture

  • Nutraceuticals

    • Functional Foods

    • Dietary Supplements



  • Food and Beverages

  • Others



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In February 2019, Algatech LTD has launched potent astaxanthin in whole-food format.

  • In May 2018, Algalif Iceland ehf. has introduced a range of several astaxanthin capsules and branded ice caps.


ASTAXANTHIN  Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Fresenius
BCG
RMIT
Fuji film
Health Canada

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X