Astaxanthin Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Astaxanthin Market – Report Overview

Pacific Business Consulting’s “Astaxanthin Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Astaxanthin market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

The Astaxanthin market, surpassing a valuation of US$ 2.4 Billion in 2022, is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 10.0% from 2023 to 2030, potentially reaching beyond US$ 4.0 Billion by 2030.

Astaxanthin, a reddish-brown pigment classified as a carotenoid, is naturally found in certain algae, lending the distinctive red or pink color to seafood such as trout, salmon, shrimps, and lobsters. Recently, there has been a surge in popularity for yeast/fungi-based and synthetic astaxanthin, contributing to the growth of the yeast/fungi-based astaxanthin market.

Widely consumed orally, astaxanthin offers benefits in treating various chronic ailments, including Alzheimer’s disease, Parkinson’s disease, liver malfunctions, high cholesterol, and macular degeneration. Its applications have extended to treating heart diseases, strokes, and male infertility, as well as protecting the skin against sunburn and reducing wrinkles.

The market is witnessing a shift towards natural products due to growing awareness about the detrimental effects of synthetic antioxidants. Research has highlighted potential risks associated with synthetic astaxanthin consumption, such as an increased likelihood of lung cancer among chain smokers. Contamination during the production of synthetic-grade astaxanthin further emphasizes the preference for sources like seafood, yeast, or fungi. This shift is evident across various industries, from food and healthcare to animal feed and aquaculture.

Antioxidants in astaxanthin play a crucial role in reducing the risks of diseases, including cancers and cardiac anomalies, by scavenging free radicals and preventing cell damage. Studies have indicated a correlation between a diet rich in astaxanthin-based antioxidant foods and a lower risk of developing prostate cancer in men.

Astaxanthin’s benefits extend to skincare, promoting skin tightening, moisture retention, and elasticity, leading to smoother skin with fewer fine lines and wrinkles. The rising oxidation levels in the human body due to increased alcohol consumption and smoking further drive the demand for astaxanthin-rich antioxidants.

The market for astaxanthin is expanding across industries such as aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. It is a widely used food ingredient for enhancing coloration and commercial value in prawns and fishes like salmon and trout. Additionally, in aquaculture, astaxanthin contributes to stress tolerance, performance, immune-related gene expressions, reproductive capacity, survival improvement, and disease resistance. Major players are actively involved in new product developments and collaborative agreements to meet the growing demand for astaxanthin in aquaculture.

Key players in the Astaxanthin segment, including Algalíf Iceland EHF, Beijing Gingko Group, PIVEG, Inc., Fuji Chemical Industries Co., Ltd., ENEOS Corporation, Atacama Bio Natural Products S.A., E.I.D. – Parry (India) Limited (Alimtec S.A., Valensa International), Algatech Ltd., MicroA., and Cyanotech Corporation, are expected to play a pivotal role in shaping the future landscape of Astaxanthin technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Astaxanthin market. It also delves into the analysis of present and prospective market competition within the global Astaxanthin market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

• Develop your business strategies by gaining insights into the trends that shape and drive the Astaxanthin market across the 10MM (Ten Major Markets).
• Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Astaxanthin market.
• Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
• Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.

Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.

1. Executive Summary: Astaxanthin
   • Global Market Outlook: Astaxanthin
2. Competitive Intelligence Analysis: Astaxanthin
3. Therapeutic Sector SWOT
4. Technology Roadmap Analysis: Astaxanthin
5. Market Background
   • Drivers
   • Restraints
   • Opportunity
   • Key Market Trends
   • Key Unmet Needs
6. Key Marketed Products Profile – Major Approved Products: Astaxanthin
   • Product Profile
   • Safety and Efficacy
7. Regulatory Landscape
8. Astaxanthin: Ten Major Market (10MM) – Market Analysis, By Source
   • Krill/Shrimp
   • Yeast
   • Microalgae
   • Synthetic
   • Others
9. Astaxanthin: Ten Major Market (10MM) – Market Analysis, By Application
   • Nutraceuticals
   • Aquaculture And Animal Feed
   • Cosmetics
   • Others
10. Astaxanthin: Ten Major Market (10MM) – Market Analysis, By Grade
    • > 98%
    • 95-98%
    • < 95%
11. Astaxanthin: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

12. S. Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

13. K. Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

14. Germany Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

15. France Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

16. Italy Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

17. Spain Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

18. Japan Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

19. China Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

20. Australia Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

21. India Astaxanthin – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Source
      • By Application
      • By Grade
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Source
      • By Application
      • By Grade

22. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

23. Assumptions and Acronyms Used
24. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
25. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
26. Copyrights and Disclaimer