Report Sellers has added a new market research report “Astaxanthin- Global Market Outlook (2017-2023)” to its offerings.
According to Report, the Global Astaxanthin market is expected to grow from $ 615.19 million in 2016 to reach $ 1226.14 million by 2023 with a CAGR of 10.3%. Factors such as rising demand for cosmetic products, customers varying preferences towards healthcare & nutraceutical products are fuelling the market. In addition, lack of raw material, inadequate advanced technologies are restricting the market.
Animal feed is expected to be the fastest growing segment as astsxanthin is used as coloring agent for aquatic animals and livestock to increase color of eggs and meat. On the other hand, the demand for natural astsxanthin is growing rapidly due to consumers rising concerns towards health benefits. Asia Pacific has acquired largest market share followed by North America and the growth is attributed to rising demand for natural astaxanthin from food and beverages sector.
Some of the key players in global astaxanthin market include Koninklijke DSM N.V., BASF SE, Cyanotech Corporation, Otsuka Pharmaceutical Co., Ltd, Valensa International, Fuji Chemical Industries Co., Ltd, Divis Laboratories Ltd, Beijing Ginko Group (BGG), Igene Biotechnology Inc, Piveg, Inc, Fenchem Biotek Ltd, Algatechnologies, Cardax, Inc, Supreme Biotechnologies and Parry Nutraceuticals.
Browse through the complete description and in-depth TOC on “Global Astaxanthin Market”
What does the Report Offers
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
Global astaxanthin market has been segmented by applications covered, method of productions covered, forms covered, sources covered, products types covered and regions covered
Animal health & aquaculture
Food & Beverages
Method of Productions Covered:
Yeast & Microbes
Pacific sockeye salmon
Products Types Covered:
Astaxanthin Rich Paracoccus Bacteria
Pluvialis Microalgae Astaxanthin
Rest of Europe
Rest of Asia Pacific
Rest of the World
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