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Astaxanthin Market, by Application (Feed, Supplement, Food, Cosmetics), Form (Dry, Liquid), Source (Plants, Yeast & Microbes, Marine, Petroleum), Method of Production (Microalgae cultivation, Fermentation, Extraction, Chemical synthesis) – Global Revenue, Trends, Growth, Share, Size, and Forecast To 2022

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A pigment that belongs to carotenoids chemical group is called astaxanthin.  Astaxanthin is actually occurs naturallyand is present in algae and marine plants. Due to presence of this pigment seafood such as shrimp, salmon, lobster, trout have red or pink color. This pigment finds its application in nutraceutical, food and aquaculture industry. Also, it is believed to be naturally found powerful antioxidants. It has no side effects as compared to other antioxidants that become body pro-oxidant. This pigment is produced with the help of chemical synthesis as well as through several natural sources such as Phaffia yeast, Haematococcus pluvialis microalgae, Paracoccus bacteria, and Shrimp bi-products.

The report on the global Astaxanthin market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • Escalating demand of naturally occurring astaxanthin is due to rising usage and adaption in many food nutrients. Also, the market growth of cosmetics and nutraceutical markets is get used to naturally occurring astaxathin in product formulation owing to growing concern of consumer safety will result in large demand for this pigment.
  • Additionally, the astaxanthin usage approval in food agencies for dietary supplements boosted the market growth of astaxanthin. As this pigment can be extracted from natural resources so rising awareness among consumer regarding health benefits is also projected to fuel the market demand for astaxanthin globally.
  • In the aquaculture sector, synthetic astaxanthin is mainly used and its demand basically comes from salmon feed industry.

On the basis of region, the global market for astaxathin has been fragmented into Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these, North America region is leading the global market in terms of commercial production of this naturally occurring pigment, followed by Asia Pacific region. Significantly, countries like Japan, India and Israel is contributing major growth in the production of astaxanthin. Primarily, the consumption of this naturally occurring pigment namely, astaxanthin in salmon feed industry as well as in several other economies are anticipated to compel the market demand for astaxanthin. The growth of global astaxanthin market is quickly increasing with the budding demand in cosmetic and aquaculture industry.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s astaxanthin market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the astaxanthin market by the following segments:

  • Astaxanthin Market, by Application
    • Feed
    • Supplement
    • Food
    • Cosmetics
  • Astaxanthin Market, by Form
    • Dry
    • Liquid
  • Astaxanthin Market, by Source
    • Plants
    • Yeast & Microbes
    • Marine
    • Petroleum
  • Astaxanthin Market, by Method of Production
    • Microalgae cultivation
    • Fermentation
    • Extraction
    • Chemical synthesis

KEY MARKET PLAYERS

Key players in the astaxanthin market include:

  • Koninklijke DSM N.V. 
  • BASF SE 
  • Cyanotech Corporation 
  • Otsuka Pharmaceutical Co., Ltd. 
  • Valensa International 
  • Fuji Chemical Industries Co., Ltd. 
  • Divis Laboratories Ltd. 
  • Beijing Ginko Group (BGG) 
  • Igene Biotechnology Inc. 
  • Piveg, Inc. 

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K.
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • MIDDLE EAST & AFRICA
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • LATIN AMERICA
    • Brazil
    • Rest of Latin America

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
    2. Technology Roadmap
  5. ASTAXANTHIN MARKET, BY APPLICATION
    1. Segment Share
    2. By Application
      1. Feed
      2. Supplement
      3. Food
      4. Cosmetics
  6. ASTAXANTHIN MARKET, BY FORM
    1. Segment Share
    2. By Form
      1. Dry
      2. Liquid
  7. ASTAXANTHIN MARKET, BY SOURCE
    1. Segment Share
    2. By Source
      1. Plants
      2. Yeast & Microbes
      3. Marine
      4. Petroleum
  8. ASTAXANTHIN MARKET, BY METHOD OF PRODUCTION
    1. Segment Share
    2. By production
      1. Microalgae cultivation
      2. Fermentation
      3. Extraction
      4. Chemical synthesis
  9. ASTAXANTHIN MARKET, BY GEOGRAPHY
    1. Segment Share
    2. North America
      1. By Regions
        1. U.S.
        2. Rest of North America
      2. By Type
      3. By Application
      4. By Grade
    3. Europe
      1. By Region
        1. France
        2. Germany
        3. U.K.
        4. Rest of Europe
      2. By Application
      3. By Form
      4. By Source
      5. By Method of Production
    4. Asia-Pacific
      1. By Region
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Application
      3. By Form
      4. By Source
      5. By Method of Production
    5. Middle East & Africa
      1. By Region
        1. GCC
        2. North Africa
        3. South Africa
        4. Rest of Middle East & Africa
      2. By Application
      3. By Form
      4. By Source
      5. By Method of Production
    6. Latin America
      1. By Region
        1. Brazil
        2. Rest of Latin America
      2. By Application
      3. By Form
      4. By Source
      5. By Method of Production
  10. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2016
    2. Key Innovators
  11. KEY MARKET PLAYERS
    1. Koninklijke DSM N.V. 
      1. Overview
      2. Key Strategies
      3. Key Developments
    2. BASF SE 
      1. Overview
      2. Key Strategies
      3. Key Developments
    3. Cyanotech Corporation 
      1. Overview
      2. Key Strategies
      3. Key Developments
    4. Otsuka Pharmaceutical Co., Ltd.
      1. Overview
      2. Key Strategies
      3. Key Developments 
    5. Valensa International
      1. Overview
      2. Key Strategies
      3. Key Developments
    6. Fuji Chemical Industries Co., Ltd. 
      1. Overview
      2. Key Strategies
      3. Key Developments
    7. Divis Laboratories Ltd. 
      1. Overview
      2. Key Strategies
      3. Key Developments
  12. Beijing Ginko Group (BGG)
    1. Overview
    2. Key Strategies
    3. Key Developments
  13. Igene Biotechnology Inc. 
    1. Overview
    2. Key Strategies
    3. Key Developments
  14. Piveg, Inc. 
    1. Overview
    2. Key Strategies
    3. Key Developments
  15. SCALAR 360 DEGREE MARKET PERSPECTIVE
  16. APPENDIX
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