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Astaxanthin Market Exhibiting High Growth Rate Till Forecast
According to the new market research report by IndustryARC titled “Astaxanthin Market: By Product Type (Synthetic Astaxanthin, Astaxanthin-Rich Paracoccal Bacteria, Astaxanthin Microalgae Pluviallis, Aematococcus); By Form (Liquid, Dry); By Applications (Health & Food). Aquaculture, Cosmetics, Food & Beverage, Food); By Source (Natural, Synthetic) & Geography – (2018-2023)”, the market will be driven by the growth of health conscious population and exponential demand for natural food coloring agents.
The Americas region holds the largest market share in the Astaxanthin market. However, Asia Pacific is estimated to have the highest growth. As antiaging creams and other skin products are becoming more in demand than ever before, the use of Astaxanthin is becoming ubiquitous in this region. Major applications in this region include cosmetics and dietary supplements among others.
Selected impact analysis made in the full report
Astaxanthin is responsible for the red color in many sea creatures such as lobster, krill and salmon. Astaxanthin gives many sea creatures such as lobster, krill and salmon their red color.
Astaxanthin has been reported in many studies for its high antioxidant and skin-friendly properties.
Paracoccus Bacteria, Astaxanthin Rich Phaffia Yeast and synthetic Astaxanthin are mainly used in the aquaculture sector, while Astaxanthin derived from the microalgae H. Pluvialis is the main source for human applications such as food and beverages.
Excerpts on Market Growth Factors
Aquaculture and animal feed are the main applications, while Carotenoid has been used for coloring fish and improving animal structure.
The nutraceutical segment is anticipated to witness rapid growth during the forecast period.
Astaxanthin Softgels is estimated to register a brisk growth rate during the forecast period.
The synthetic resource will take a large share of the market.
Natural resources are estimated to witness a turmoil during the forecast period.
Astaxanthin can be produced from natural sources. The high yield of carotenoids and the low cost of maintenance will promote the growth of natural resources, which in turn promotes the growth of Astaxanthin.
Key Players of Astaxanthin Market:
Astaxanthin is oligopolistic in nature and dominated by a limited number of major players.
Koninklijke DSM NV is one of the leading players in the Astaxanthin Market. The Heerlen-based company, which has more than 20,000 employees worldwide, witnessed €8,632 in net sales and €1,781 in net profit in 2017.
BASF SE is another conglomerate that earned $816 million in revenue from operations for 2017.
In September 2014, Algatech entered into an R&D agreement with SCHOTT AG, a German company, to increase the productivity of its closed tube cultivation system.
The Astaxanthin Market report is segmented as shown below:
A. From the Source:
B. By product
1. Dried biomass/Powder
3. Soft gel
C. By application
1. Dietary/food supplement
3. Animal health and aquaculture
4. Food & Beverage
D. according to the form
2. Dry form
E. By Geography (Includes 12+ States)
F. From Entropy
1. Cyanotech Corporation
2. Otsuka Pharmaceutical Co., Ltd
3. Valencia International
4. Fuji Chemical Industries Co., Ltd
5. Divis Laboratories Ltd
6. Beijing Ginko Group (BGG)
7. Igene Biotechnology Inc
8. Piveng Inc
9. Fenchem Biotek Ltd
10. Algae technologies
11. Cardax, Inc
12. Supreme Biotechnologies
13. Parry Nutraceuticals
14. Technologies of Algae
15. BlueOcean NutraSciences Inc
16. MicroA AS, EID Parry (India) Ltd
17. Heliae Development, LLC
What can you expect from the report?
The Astaxanthin Market report has been prepared with the main agenda to cover the following 20 points:
1. Market size by product category
2. Market trends
3. The landscape of the producer
4. Distributive landscape
5. Price Analysis
6.Top 10 End User Analysis
7. Benchmarking of the product
8. Product developments
9. Analysis of mergers and acquisitions
10. Analysis of Patents
11. Demand analysis (by revenue and volume)
12. Country level analysis (15+)
13. Analysis of competitors
14. Analysis of market shares
15. Value chain analysis
16. Supply chain analysis
17. Strategic Analysis
18. Analysis of the current and future market landscape
19. Opportunity Analysis
20. Revenue and volume analysis
Does IndustryARC publish reports based on country, geography or application in the Astaxanthin Market?
Yes, we have special reports as mentioned below:
1. Americas Market for Astaxanthin (2018-2023)
2. Europe Market for Astaxanthin (2018-2023)
3. APAC Market for Astaxanthin (2018-2023)
4. RoW Market for Astaxanthin (2018-2023)
5. Natural Market for Astaxanthin (2018-2023)
6. Synthetic Astaxanthin Market (2018-2023)
7. Astaxanthin Dried Biomass/Powder Market (2018-2023)
8. Astaxanthin Oil Market (2018-2023)
9. Astaxanthin Softgel Market (2018-2023)
10. Liquid Market for Astaxanthin (2018-2023)
11. Astaxanthin Dietary Supplements/Food Nutraceuticals Market (2018-2023)
12.Cosmetics Market for Astaxanthin (2018-2023)
13. Animal Health and Aquaculture Market for Astaxanthin (2018-2023)
14. Food and Beverage Market for Astaxanthin (2018-2023)
15. Food Market for Astaxanthin (2018-2023)
16. Liquid Market for Astaxanthin (2018-2023)
17. Dry Form Market for Astaxanthin (2018-2023)
Does IndustryARC customize these reports and charge extra for limited customization?
Yes, we can customize the report by pulling data from our report database and annual subscription databases. We can offer the following customization for free:
1. Increasing the level of data in the application industry or end users.
2. Increasing the number of places in the geography chapter.
3. Find out the market shares for companies or other smaller companies that are of interest to you.
4. Company profiles can be searched based on your interest.
5. Patent analysis, pricing, product analysis, product comparison, value and supply chain analysis may be required for a country or end-use segment.
Any other major customization can be discussed with our team, we can provide a special quote based on your request. You can send an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
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