Coherent Market Insights published a business research report on Astaxanthin Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Astaxanthin Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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A few maritime animals and plants contain astaxanthin, acarotenoids that belongs to the xanthophyll family. It is regarded as one of the most potent antioxidants found in nature and is also referred to as “The king of the carotenoids.” In Pacific sockeye salmon, astaxanthin is present in the highest concentration. Furthermore, it can be found in krill, shrimp, algae, crab and lobster. Astaxanthin is commercially produced from Haematococcus pluviailis . A photobioreactor (PBR) fence is part of a hybrid system for the photoautotrophic culture of Haematococcus pluviailis.
There are many health advantages of astaxanthin, including support for immunological function, protection of cells and the neurological system from oxidative damage, and support for brain health. Astaxanthin is a fantastic addition to eye health care because of its outstanding antioxidant activity and UV light protective impact. In smokers and obese individuals, astaxanthin is helpful in reducing oxidative stress and enhancing blood flow. Astaxanthin is utilised in the treatment of minimising skin damage from ultraviolet (UV) light, accelerating stroke recovery, Parkinson’s disease and Alzheimer’s disease . Strong UV-blocking abilities of astaxanthin aid in shielding human skin from sun-related deterioration. Furthermore,helpful wrinkle reduction and boosting skin moisture levels . Natural forms of astaxanthin assist to TNF-alpha,prostaglandin E2, C Reactive Protein (CRP ), nitric oxide and lower serum levels of interleukin 1B. Astaxanthin possesses natural anti-inflammatory characteristics . Breast cancer is treated with astaxanthin, which slows the growth of breast cancer cells. Moreover, to enhancing the body’s fatty acid consumption, astaxanthin can improve endurance and post-exercise fatigue levels and reduce muscular and skeletal damage.
Growing Pharmaceutical Applications is expected to boost growth of the global astaxanthin market during the forecast period.
Moreover, various usage of astaxanthin in pharmaceutical and personal care products is expected to fuel growth of the global astaxanthin market during the forecast period.
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Asia Pacific is anticipated to witness substantial growth in the global astaxanthin market during the forecast period.It is due to growth of the pharmaceutical business, particularly in developing nations like China and India. For instance, Indian pharmaceutical sales are anticipated to reach $55 billion by 2026, according to the India Brand Equity Foundation (IBEF). The astaxanthin market in the area has also grown as a result of rising medical tourism in India. The Ministry of Commerce and Industry, Department of Commerce, and the Government of India formed the India Brand Equity Foundation (IBEF) as a Trust with the goal of promoting and raising awareness of products made in India on a global scale.
The high production costs brought on by the scarce supply of raw materials is one of the key factors hamper growth of the global astaxanthin market during the forecast period.
The major players adopting a variety of important strategies, including mergers and acquisitions tp create a new portfolio, and corporate growth in the global astaxanthin market during the forecast period.
In September 2018, the market for cosmetics in South America has been developed by Fenchem Biotek Ltd., a top supplier of premium ingredients for the cosmetics sector. The business opened a new facility in Sao Paulo, Brazil, which also has a warehouse for streamlining the supply chain.
Fenchem Biotek Ltd, Yunnan Alphy Biotech Co., LTD Algatechnologies Ltd, DSM NV, Parry Nutraceuticals, Supreme Biotechnologies NZ Ltd, Cyanotech Corporation and BASF SE are some of the major players in the global astaxanthin market.
- In January 2018, Algalif, a U.S.-based bulk manufacturer of natural astaxanthin, obtained a non GMO certification for its astaxanthin constituents known as Astalif 5% and 10% Oleoresin. The business wants to offer astaxanthin of the highest quality to customers who wished to avoid GMOs in their products.
- In July 2017, the Islamic Food & Nutrition Council of America granted Halal certification to Cyanotech Corporation for its raw ingredient, BioAstin SCE 5. (IFANCA). This certification should increase the company’s sales in Southeast Asia, which is rapidly developing. Additionally, Natural Algae Astaxanthin Association verified BioAstin as the first astaxanthin product (NAXA).
- In July 2014, the synthesis of natural astaxanthin from algae has a new production facility thanks to AstaReal Technology. The company’s capacity to produce natural astaxanthin in the United States has increased since the addition of this new facility. AstaReal’s indoor bioreactor, which was created to produce alga with the quality of Haematococcus, is the basis for the manufacture of astaxanthin.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Astaxanthin Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Astaxanthin Industry Impact
Chapter 2 Global Astaxanthin Competition by Types, Applications, and Top Regions and Countries
2.1 Global Astaxanthin (Volume and Value) by Type
2.3 Global Astaxanthin (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Astaxanthin Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Astaxanthin Market Analysis
Chapter 6 East Asia Astaxanthin Market Analysis
Chapter 7 Europe Astaxanthin Market Analysis
Chapter 8 South Asia Astaxanthin Market Analysis
Chapter 9 Southeast Asia Astaxanthin Market Analysis
Chapter 10 Middle East Astaxanthin Market Analysis
Chapter 11 Africa Astaxanthin Market Analysis
Chapter 12 Oceania Astaxanthin Market Analysis
Chapter 13 South America Astaxanthin Market Analysis
Chapter 14 Company Profiles and Key Figures in Astaxanthin Business
Chapter 15 Global Astaxanthin Market Forecast (2023-2030)
Chapter 16 Conclusions
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