Astaxanthin 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.
This report contains market size and forecasts of Astaxanthin in global, including the following market information:
Global Astaxanthin Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Astaxanthin Market Sales, 2017-2022, 2023-2028, (Kg)
Global top five Astaxanthin companies in 2021 (%)
The global Astaxanthin market was valued at 124.7 million in 2021 and is projected to reach US$ 203.3 million by 2028, at a CAGR of 7.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
2% Astaxanthin Powder Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Astaxanthin include DSM, Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., BASF, Divi's Laboratories Limited, BGG, Zhejiang NHU Company Ltd., Yunnan Alphy Biotech Co., Ltd. and ENEOS Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Astaxanthin manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Astaxanthin Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kg)
Global Astaxanthin Market Segment Percentages, by Type, 2021 (%)
2% Astaxanthin Powder
3% Astaxanthin Powder
5% Astaxanthin Powder
10% Astaxanthin Powder
20% Astaxanthin Powder
5% Astaxanthin Oleoresin
10% Astaxanthin Oleoresin
Other Natural Astaxanthin
Synthetic Astaxanthin
Global Astaxanthin Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kg)
Global Astaxanthin Market Segment Percentages, by Application, 2021 (%)
Feed
Nutraceuticals
Cosmetics
Food & Beverages
Others
Global Astaxanthin Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kg)
Global Astaxanthin Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Astaxanthin revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Astaxanthin revenues share in global market, 2021 (%)
Key companies Astaxanthin sales in global market, 2017-2022 (Estimated), (Kg)
Key companies Astaxanthin sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
DSM
Cyanotech Corporation
Fuji Chemical Industries Co., Ltd.
BASF
Divi's Laboratories Limited
BGG
Zhejiang NHU Company Ltd.
Yunnan Alphy Biotech Co., Ltd.
ENEOS Corporation
Jingzhou Natural Astaxanthin, Inc.
Parry Nutraceuticals
AlgaTechnologies Ltd.
Biogenic Co., Ltd.
Nextperm Technologies Ltd.