Astaxanthin Market is estimated to account for over US$ 610 million by 2019. The market is anticipated to grow at a CAGR of 6.5% from 2019 to 2030.
The market growth can be attributed to several factors, which has led to its wide-scale adoption. The increasing adoption & use of natural ingredients and rising geriatric population are anticipated to further contribute to this substantial market growth between 2019 and 2030. However, the high cost of production is likely to restrain market growth to a certain extent.
Major Key Players of the Astaxanthin Market are:
Cyanotech Corporation, PIVEG, Beijing Gingko Group, Divi’s Nutraceuticals, DSM, Fuji Chemical Industries Co., Valensa International, Otsuka Pharmaceutical Co., Ltd., AstaSupreme, and Algatech LTD, among others.
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To obtain better insights regarding the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centers, and companies. For instance, In March 2019, Algatech, an Israeli astaxanthin supplier announced its partnership with a nascent topical product producer, For the Biome.
Various manufacturers are gradually adopting cosmetic products with natural ingredients, owing to its advantages. Additionally, improving lifestyles and awareness regarding the adverse effects of chemical products have led to the increasing demand for natural & organic cosmetic products among customers, which will lead to the overall market growth across the world.
The Astaxanthin Market is segmented on the basis of Types, Application and region.
Major Types of Astaxanthin Market covered are:
- Dry Form
- Liquid Form
Major Applications of Astaxanthin Market covered are:
- Nutraceuticals
- Animal Feed
- Cosmetics
Rising geriatric population is anticipated to propel the demand for the anti-aging creams & antioxidants products. The high antioxidant activity of astaxanthin is another factor that will further propel its adoption in the coming years.
Research objectives:-
– To study and analyze the global Astaxanthin consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Astaxanthin market by identifying its various sub-segments.
– Focuses on the key global Astaxanthin manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Astaxanthin with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL ASTAXANTHIN MARKET – ANALYSIS & FORECAST, BY SOURCE
- Natural
- Synthetic
- GLOBAL ASTAXANTHIN MARKET – ANALYSIS & FORECAST, BY FORM
- Dry Form
- Liquid Form
- GLOBAL ASTAXANTHIN MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Nutraceuticals
- Animal Feed
- Cosmetics
- Others
- GLOBAL ASTAXANTHIN MARKET – ANALYSIS & FORECAST, BY REGION
- North America Astaxanthin Market
- Europe Astaxanthin Market
- Asia Pacific Astaxanthin Market
- Rest of the World (ROW) Astaxanthin Market
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, Recent Developments)*
- Cyanotech Corporation.
- PIVEG, INC.
- Beijing Gingko Group
- Divi’s Nutraceuticals
- DSM
- Fuji Chemical Industries Co.
- Valensa International
- Otsuka Pharmaceutical Co., Ltd.
- AstaSupreme
- Algatech LTD
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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