Astaxanthin Market Share Analysis 2018, Updated Top Manufacturers, Global Industry Growth, Latest Trends, Global Forecast 2023

astaxanthin market is segmented into the source, form, process, and end-use. On the basis of source, the market is further classified into natural and chemical segments.

Pune, India – February 18, 2019 /MarketersMedia/ —

Astaxanthin is a product composed of naturally occurring pigments, which belongs to a higher class of chemical compounds known as turpenes. It is also known as a keto-carotenoid pigment. It is mainly found in marine animals such as shrimp, fish, lobsters, and others. The global astaxanthin market is consist of five important regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, North America holds the major share of the global market and is projected to continue leading owing to increasing consumption of carotenoid pigments in feed, food, and healthcare products, and other. It is estimated that the health care products segment is set to observe the highest CAGR in the market due to growing use of natural pigments in skin creams, lotions, and perfumes. The feed and food segments are predicted to witness a rapid growth in the market due to the increasing consumption of red colored pigments in aquaculture. Furthermore, these pigments are used to provide a sustainable life to the human beings. The U.S., Canada, and Mexico are the leading players in this region.

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The Asia Pacific market is expected to grow at a higher CAGR due to extensive consumption of carotenoid pigments in agriculture, food, healthcare products, and others. China, Japan, and India have achieved a significant stage in the market due to growing population and investment in the heavy end industries. Therefore, the growing demand for astaxanthin in healthcare products is estimated to drive the market during the forecast period.

A notable development is achieved in Europe due to the growing demand for carotenoid pigments in lotions, moisturizer, powder, and others. The increasing disposable income and advancing technology have propelled the market to witness a higher growth. The growing consumption of carotenoid pigments in the food and supplements segments is estimated to fuel the astaxanthin market during the forecast period. Owing to these factors, countries such as Germany, the U.K., and Italy are the major contributors to this market.
A stunning development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing awareness about the benefits of that product. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to rapid technological advancement in major industries.

Segmentation

The global astaxanthin market is segmented into the source, form, process, and end-use. On the basis of source, the market is further classified into natural and chemical segments. On the basis of form, the market is subdivided into dry and liquid astaxanthin. The market is segregated into biological and chemical segments on the basis of process. By end-use, the market is bifurcated into feed, supplements, food, healthcare products, and others.

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Competitive Analysis

 Alga Technologies
 BASF SE
 Koninklijke DSM N.V.
 Fuji Chemical Industries Co., Ltd.
 JXTG Nippon Oil & Energy Corporation
 Heliae
 Otsuka Pharmaceutical Co., Ltd
 Fenchem
 Parry Nutraceuticals
 Piveg, Inc.

Geographical Analysis:

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Intended Audience

• Astaxanthin Manufacturers
• Traders and Distributors of Astaxanthin
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

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