Global Astaxanthin Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Published on: 2024-01-04 | No of Pages : 400 | Industry : Pharma & Healthcare
Publisher : MRA | Format : PDF
Global Astaxanthin Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Astaxanthin (CAS 472-61-7) is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown Natural Astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and β-carotene. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no “pro-oxidant” activity. Natural astaxanthin is biosynthesized by living microalgae (H. Pluvialis). Natural astaxanthin in supplements is typically produced by a specific type of microalgae (Haematococcus pluvialis), and also occurs in fish and crustaceans that consume this algae, including shrimp, salmon and krill.Natural astaxanthin is a dietary supplement with extremely powerful antioxidant benefits for human applications. According to the purity in the commercial market, the product can be divided to be various types based on the two typesAstaxanthin Oleoresin and Astaxanthin Powder. Currently, the major commercially available sources of synthetic astaxanthin come from petrochemicals.The chemical difference between natural and synthetic astaxanthin lies in the stereochemical orientation of the molecules in space (those different molecules are called “enantiomers”). astaxanthin exists in three main enantiomeric forms, termed 3S-3’S, 3R-3’S, and 3R-3’R.
Astaxanthin report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Astaxanthin market is projected to reach US$ 397.8 million in 2034, increasing from US$ 165.1 million in 2022, with the CAGR of 9.9% during the period of 2024 to 2034. Demand from Feed and Nutraceuticals & Medical are the major drivers for the industry.
Major global astaxanthin (CAS 472-61-7) players include Royal DSM N.V., Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., BASF and Algalif Iceland ehf. Etc. The top five players in the world by revenue account for almost 57 per cent. The European region is the world's largest market with a market share of about 47%, followed by North America and China with about 23% and 20%, respectively. In terms of product type, natural astaxanthin is the largest market segment, accounting for 70% of the market share, and in terms of application, nutraceuticals and medical have the largest share, accounting for about 48%.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2024-2034), aims to help readers to get a comprehensive understanding of global Astaxanthin market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Manufacturers, Type, Application and Regions Listed in the Report
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.
Segment by Type
Natural Astaxanthin
Synthetic Astaxanthin
Feed
Nutraceuticals & Medical
Cosmetics
Food & Beverages
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Each chapter of the report provides detailed information for readers to understand the Astaxanthin market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Astaxanthin, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Astaxanthin industry.
Chapter 3Historical (2018-2022) and forecast (2024-2034) volume and revenue analysis of Astaxanthin in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Astaxanthin introduction, etc. Astaxanthin Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13QYResearch’s Conclusions of Astaxanthin market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by QYResearch.
Astaxanthin report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Astaxanthin market is projected to reach US$ 397.8 million in 2034, increasing from US$ 165.1 million in 2022, with the CAGR of 9.9% during the period of 2024 to 2034. Demand from Feed and Nutraceuticals & Medical are the major drivers for the industry.
Major global astaxanthin (CAS 472-61-7) players include Royal DSM N.V., Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., BASF and Algalif Iceland ehf. Etc. The top five players in the world by revenue account for almost 57 per cent. The European region is the world's largest market with a market share of about 47%, followed by North America and China with about 23% and 20%, respectively. In terms of product type, natural astaxanthin is the largest market segment, accounting for 70% of the market share, and in terms of application, nutraceuticals and medical have the largest share, accounting for about 48%.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2024-2034), aims to help readers to get a comprehensive understanding of global Astaxanthin market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Manufacturers, Type, Application and Regions Listed in the Report
By Company
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.
Segment by Type
Natural Astaxanthin
Synthetic Astaxanthin
Segment by Application
Feed
Nutraceuticals & Medical
Cosmetics
Food & Beverages
Segment by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Each chapter of the report provides detailed information for readers to understand the Astaxanthin market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Astaxanthin, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Astaxanthin industry.
Chapter 3Historical (2018-2022) and forecast (2024-2034) volume and revenue analysis of Astaxanthin in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Astaxanthin introduction, etc. Astaxanthin Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13QYResearch’s Conclusions of Astaxanthin market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by QYResearch.
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