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Astaxanthin Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - DSM, BASF, Cyanotech (NasdaqCM:CYAN), Fuji

02 Jan, 2020 | 124 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.5% during the review period (2022 to 2027) 



Astaxanthin Market Overview



The astaxanthin market is estimated to be appreciated at USD 647.1 million in 2021. It is probable to reach USD 965.8 million by 2026, recording a CAGR of 8.5% during the estimate period. Astaxanthin is a carotenoid found in marine organisms, such as microalgae, shellfish, salmon, and trout. The helps of astaxanthin for humans can be accredited to its antioxidant and anti-inflammatory properties. Astaxanthin is manufactured from both natural and synthetic sources. Natural sources, which have no side belongings, are the safest to consume.Usual astaxanthin is mainly used for human ingesting. The feed segment subject the market for astaxanthin, while its use for human consumption is at a nascent stage with high scope of development.



Based on the Astaxanthin market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks, and comprehensive competitive strategy analysis in different fields of Materials & Chemicals. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics, and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Astaxanthin during the epidemic era, this report analyzes in detail the potential risks and opportunities which can be focused on.



Who are the Major Players in Astaxanthin Market?.



Top Key Players in the Astaxanthin Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report include Koninklijke DSM N.V. (the Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka Holdings Co. Ltd. (Japan), Divi’s Laboratories Ltd. (India), Valensa International (US), Fuji Chemical Industries Co. Ltd. (Japan), Beijing Gingko Group (China), Cardax, Inc. (Denmark), Piveg, Inc (US), Fenchem Biotek Ltd. (China), Algatech Ltd. (Israel), Supreme Biotechnologies (New Zealand), Igene Biotechnology Inc. (US), Algamo (Czech Republic), Biogenic Co. Ltd. (Japan), Astamaz NZ Ltd. (New Zealand), Algalif (Iceland), Algae to Omega (US), and Algae Health Sciences (US) and others.



Industry News -



April 20, 2022: BGG World Announces the Second Doubling of its Astaxanthin Farm’s Capacity in the Last Two Years



 Algae Health Sciences (AHS) announce the second major expansion of their state-of-the-art, 100% glass tube photobioreactor microalgae farm in the last two years.  This expansion will double the current capacity of BGG’s flagship AstaZine® Natural Astaxanthin line



October 01, 2020:  Cyanotech Corporation Launches BioAstin Water Dispersible Astaxanthin Powder Grown and Processed in Kona



Cyanotech Corporation, a world leader in microalgae-based, high-value nutrition and health products, announces its launch of BioAstin Hawaiian Astaxanthin® in a new delivery form, water dispersible powder, available in both 1% and 2% concentrations.



What are the major Applications, Types, and Regions for Astaxanthin Market?



By Type, Astaxanthin Market has been segmented into 




  • Natural Astaxanthin

  • Synthetic Astaxanthin



By Application, Astaxanthin Market has been segmented into




  • Nutraceuticals

  • Cosmetics

  • Food & beverages

  • Feed

  • Others



Astaxanthin Market Regional Analysis



North America held a market share of over 36.5% in 2020 and is estimated to maintain its control over the forecast period. This dominance can be attributed to the existence of a started nutraceutical industry, increasing awareness about the use of astaxanthin, and the presence of a health-conscious population. In 2019, the Asia-Pacific region ruled the global market by producing the largest Market Share of 32.64%.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Astaxanthin Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2028 CAGR



CAGR of 8.5% during the review period (2022 to 2027).



By Type




  • PP Closure

  • PE Closure

  • Other



By Application



 




  • Food

  • Beverage



By Companies



Bericap ,Closure Systems International ,Berry Global ,Aptar Group ,Silgan ,ALPLA ,THC



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



   124



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Astaxanthin Report




  • Evaluate Astaxanthin market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.

  • Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Astaxanthin market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.



Frequently Asked Question -



What is the astaxanthin market growth?



The global astaxanthin market is expected to observer a compound annual growth rate of 8.5% from 2020 to 2027



What makes Asia Pacific a profitable hub for astaxanthin market?



Asia Pacific market for astaxanthin will witness a CAGR of over 4.5% through 2027 owing to inspiring product request for animal feed application in the region.



What is the breakup of the global astaxanthin market based on the source?



Based on the source, the global astaxanthin market can be segmented into natural and artificial. Presently, normal sources hold a majority of the total market share.



What are the key regions in the global astaxanthin market?



North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.



Who are the key Companies in the global astaxanthin market?



Algatech LTD (Société La Biochimie Appliquée SA), BASF SE, Beijing Gingko Group, Cardax Inc, Cyanotech Corporation, Divi's Laboratories Limited, E.I.D. - Parry (India) Limited (Murugappa Group), Fenchem Biotek Ltd, Fuji Chemical Industries Co. Ltd., Koninklijke DSM N.V., and Piveg Inc.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      • SECONDARY RESEARCH

      • PRIMARY RESEARCH

      • SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      • DATA TRIANGULATION

      • BOTTOM-UP APPROACH

      • TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL ASTAXANTHIN MARKET BY TYPE

    3. GLOBAL ASTAXANTHIN MARKET BY APPLICTAION



  4. MARKET DYNAMICS

    1. DRIVERS

    2. INCREASING DEMAND FOR ASTAXANTHIN MARKETMARKET

    3. RESTRAINTS

      • STRINGENT ENVIRONMENTAL REGUALTIONS

      • HIGH COST ON MATERIALS



    4. OPPORTUNITIES

      • ASTAXANTHIN MARKET GROWTH



    5. APPLICATION OF ASTAXANTHIN MARKET IMPACT OF COVID 19



  5. GLOBAL ASTAXANTHIN MARKET, BY TYPE

    1. INTRODUCTION

    2. NATURAL ASTAXANTHIN

    3. SYNTHETIC ASTAXANTHIN



  6. GLOBAL ASTAXANTHIN MARKET BY APPLICATION

    1. INTRODUCTION

    2. NUTRACEUTICALS

    3. COSMETICS

    4. FOOD & BEVERAGES

    5. FEED

    6. OTHERS



  7. GLOBAL ASTAXANTHIN MARKET BY REGION

    1. NORTH AMERICA

      • US

      • CANADA

      • MEXICO



    2. EUROPE

      • GERMANY

      • FRANCE

      • UK

      • ITALY

      • RUSSIA

      • REST OF EUROPE



    3. APAC

      • CHINA

      • SOUTH KOREA

      • JAPAN

      • INDIA

      • AUSTRALIA

      • ASEAN

      • REST OF APAC



    4. MIDDLE EAST & AFRICA

      • SAUDI ARABIA

      • UAE

      • SOUTH AFRICA

      • TURKEY

      • REST OF MEA



    5. SOUTH AMERICA

      • BRAZIL

      • REST OF MEA

      • ARGENTINA

      • REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      • KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    • BUSINESS OVERVIEW

    • COMPANY SNAPSHOT

    • PRODUCT BENCHMARKING

    • STRATEGIC INITIATIVES

      1. KONINKLIJKE DSM N.V. (THE NETHERLANDS),

      2. BASF SE (GERMANY),

      3. CYANOTECH CORPORATION (US),

      4. OTSUKA HOLDINGS CO. LTD. (JAPAN),

      5. DIVIS LABORATORIES LTD. (INDIA),

      6. VALENSA INTERNATIONAL (US),

      7. FUJI CHEMICAL INDUSTRIES CO. LTD. (JAPAN),

      8. BEIJING GINGKO GROUP (CHINA),

      9. CARDAX, INC. (DENMARK),

      10. PIVEG, INC (US), F

      11. ENCHEM BIOTEK LTD. (CHINA),

      12. ALGATECH LTD. (ISRAEL),

      13. SUPREME BIOTECHNOLOGIES (NEW ZEALAND),

      14.  IGENE BIOTECHNOLOGY INC. (US),

      15. ALGAMO (CZECH REPUBLIC),

      16. BIOGENIC CO. LTD. (JAPAN),

      17. ASTAMAZ NZ LTD. (NEW ZEALAND),

      18. ALGALIF (ICELAND),

      19. ALGAE TO OMEGA (US),

      20. ALGAE HEALTH SCIENCES (US),

      21. OTHERS.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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