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Global Astaxanthin Market Size,Trends, Growth Forecast to 2031

Category : Healthcare | Report Code : 35 | Pages : 141 | Oct 2024

Report Overview

The global Astaxanthin market size is projected to grow from US$ 195 million in 2024 to US$ 340 million in 2030; it is expected to grow at a CAGR of 9.7% from 2024 to 2030.

Analytic Insights Hub (AIH) ' newest research report, the “Astaxanthin Industry Forecast” looks at past sales and reviews total world Astaxanthin sales in 2023, providing a comprehensive analysis by region and market sector of projected Astaxanthin sales for 2024 through 2030. With Astaxanthin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Astaxanthin industry.

This Insight Report provides a comprehensive analysis of the global Astaxanthin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Astaxanthin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Astaxanthin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Astaxanthin and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Astaxanthin.

Global core astaxanthin manufacturers include Royal DSM N.V., Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., BASF and BGG. The top five manufacturers account for approximately 68% of the global market share.

From a production perspective, Europe is the largest anthocyanin production region in the world, accounting for nearly 56% of the market share. The second and third places are China and North America, accounting for 23% and 15% respectively.

In terms of product type, natural astaxanthin is the largest market segment, accounting for more than 70% of the market. At the same time, in terms of application, feed is the largest application field, accounting for 55% of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Astaxanthin market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Natural Astaxanthin
    Synthetic Astaxanthin

Segmentation by Application:
    Feed
    Nutraceuticals & Medical
    Cosmetics
    Food & Beverages

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Royal DSM N.V.
    Cyanotech Corporation
    Fuji Chemical Industries Co., Ltd.
    BASF
    Algalíf Iceland ehf.
    BGG
    Atacama Bio Natural Products S.A.
    Yunnan Alphy Biotech Co., Ltd.
    Piveg, Inc.
    Zhejiang NHU Company Ltd.
    ENEOS Techno Materials Corporation
    Jingzhou Natural Astaxanthin, Inc.
    AlgaTechnologies Ltd.
    Algamo s.r.o.
    Parry Nutraceuticals
    Biogenic Co., Ltd.

Key Questions Addressed in this Report
What is the 10-year outlook for the global Astaxanthin market?
What factors are driving Astaxanthin market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Astaxanthin market opportunities vary by end market size?
How does Astaxanthin break out by Type, by Application?

Frequently Asked Questions?

Ans - The purpose of a Astaxanthin market research report is to provide data-driven insights and analysis on a Astaxanthin market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Astaxanthin market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.