Astaxanthin Market Analysis and Forecast to 2032: By Source (Natural, Plants, Yeast & Microbes, Marine Animals, Synthetic (Petroleum)), Form (Dry, Liquid), Method of Production (Microalgae Cultivation, Fermentation, Extraction, Chemical Synthesis), Application (Feed, Dietary Supplements, Food & Beverages, Cosmetics), and Region

Astaxanthin is a carotenoid pigment found in a variety of plant and animal species. It is a red-orange pigment that is responsible for the color of salmon, shrimp, and other seafood. It is also found in the feathers of some birds, the exoskeletons of crustaceans, and the scales of certain fish.

Astaxanthin is a powerful antioxidant that has a variety of potential health benefits. It has been shown to protect against heart disease, cancer, and inflammation. It may also boost brain health and improve exercise performance.

Key Trends

There has been a recent trend in the development of astaxanthin supplements. These supplements are typically made from microalgae that produce astaxanthin. The microalgae are grown in large ponds and the astaxanthin is extracted from the algae.

Another trend in astaxanthin market is to develop more efficient methods of production. For example, new methods of extraction and purification are being developed. In addition, new strains of microalgae are being developed that produce higher levels of astaxanthin.

The goal of these developments is to make astaxanthin more affordable and accessible to consumers. Astaxanthin supplements are becoming more popular as people become aware of the many health benefits of this potent antioxidant.

Key Drivers

There are several key drivers of the astaxanthin market. One of the most important drivers is the increasing demand for natural and organic products. This is due to the growing awareness of the potential health benefits of astaxanthin and its ability to replace synthetic ingredients in many products.

Another key driver is the increasing popularity of functional foods and supplements. This is because astaxanthin is a powerful antioxidant that can improve overall health and well-being. It is also being used in a variety of cosmetics and personal care products due to its anti-aging properties.

The third key driver is the expanding applications of astaxanthin in the aquaculture industry. This is because astaxanthin can improve the quality of fish and shrimp and increase their shelf life. In addition, astaxanthin is used to enhance the color of fish and shrimp, which is important for the aquaculture industry.

Restraints & Challenges

The key restraints and challenges in the astaxanthin market include the high cost of raw materials, stringent regulations, and the lack of awareness about the benefits of this compound. The high cost of raw materials is a major challenge for the market players as astaxanthin is extracted from microalgae, which is a costly process. Stringent regulations regarding the use of this compound in food and cosmetics products is another challenge for the market players.

Market Segments

The Astaxanthin Market has been segmented into Source, Form, Method of Production, Application, and Region. Based on Source, the Astaxanthin Market is segmented into Natural, Plants, Yeast & Microbes, Marine Animals, and Synthetic (Petroleum). On the basis of Form, the market is bifurcated into Dry and Liquid. Based on Method of Production, the market is segmented into Microalgae Cultivation, Fermentation, Extraction, and Chemical Synthesis. On the basis of Application, the market is segmented into Feed, Dietary Supplements, Food & Beverages, and Cosmetics. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

Some of the key players of Astaxanthin Market are Koninklijke DSM N.V. (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. (US), Beijing Gingko Group (China), Cardax, Inc. (China), and Piveg, Inc. (US).

Astaxanthin Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Astaxanthin Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.  
  • The report also covers qualitative as well as quantitative analysis of the Astaxanthin Market in terms of revenue ($Million).  
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Astaxanthin industry.  
  • A thorough analysis of market trends and restraints is provided.  
  • By region as well as country market analysis is also presented in this report.  
  • Analytical depiction of the Astaxanthin Market along with the current trends and future estimations depict imminent investment pockets. The overall Astaxanthin industry opportunity is examined by understanding profitable trends to gain a stronger foothold.  
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Astaxanthin Market are also analyzed.

Why GIS?

Table of Contents

Chapter 1.Astaxanthin Market Overview
1.1.Objectives of the Study
1.2.Market Definition and Research & Scope
1.3.Research Limitations
1.4.Research Methodologies
1.4.1.Secondary Research
1.4.2.Market Size Estimation Technique
1.4.3.Forecasting
1.4.4.Primary Research and Data Validation

Chapter 2.Executive Summary
2.1.Summary
2.2.Key Highlights of the Market

Chapter 3.Premium Insights on the Market
3.1.Market Attractiveness Analysis, by Region
3.2.Market Attractiveness Analysis, by Source
3.3.Market Attractiveness Analysis, by Form
3.4.Market Attractiveness Analysis, by Method of Production
3.5.Market Attractiveness Analysis, by Application

Chapter 4.Astaxanthin Market Outlook
4.1.Astaxanthin Market Segmentation
4.2.Market Dynamics
4.2.1.Market Drivers
4.2.1.1.Driver 1
4.2.1.2.Driver 2
4.2.1.3.Driver 3
4.2.2.Market Restraints
4.2.2.1.Restraint 1
4.2.2.2.Restraint 2
4.2.3.Market Opportunities
4.2.3.1.Opportunity 1
4.2.3.2.Opportunity 2
4.3.Porter’s Five Forces Analysis
4.3.1.Threat of New Entrants
4.3.2.Threat of Substitutes
4.3.3.Bargaining Power of Buyers
4.3.4.Bargaining Power of Supplier
4.3.5.Competitive Rivalry
4.4.PESTLE Analysis
4.5.Value Chain Analysis
4.5.1.Raw Material Suppliers
4.5.2.Manufacturers
4.5.3.Wholesalers and/or Retailers
4.6.Impact of COVID-19 on the Astaxanthin Market
4.7.Impact of the Russia and Ukraine War on the Astaxanthin Market
4.8.Case Study Analysis
4.9.Pricing Analysis

Chapter 5.Astaxanthin Market, by Source
5.1.Market Overview
5.2.Natural
5.2.1.Key Market Trends & Opportunity Analysis
5.2.2.Market Size and Forecast, by Region
5.3.Plants
5.3.1.Key Market Trends & Opportunity Analysis
5.3.2.Market Size and Forecast, by Region
5.4. Yeast & Microbes
5.4.1.Key Market Trends & Opportunity Analysis
5.4.2.Market Size and Forecast, by Region
5.5.Marine Animals
5.5.1.Key Market Trends & Opportunity Analysis
5.5.2.Market Size and Forecast, by Region
5.6.Synthetic (Petroleum)
5.6.1.Key Market Trends & Opportunity Analysis
5.6.2.Market Size and Forecast, by Region

Chapter 6.Astaxanthin Market, by Form
6.1.Market Overview
6.2.Dry
6.2.1.Key Market Trends & Opportunity Analysis
6.2.2.Market Size and Forecast, by Region
6.3.Liquid
6.3.1.Key Market Trends & Opportunity Analysis
6.3.2.Market Size and Forecast, by Region

Chapter 7.Astaxanthin Market, by Method of Production
7.1.Market Overview
7.2.Microalgae cultivation
7.2.1.Key Market Trends & Opportunity Analysis
7.2.2.Market Size and Forecast, by Region
7.3.Fermentation
7.3.1.Key Market Trends & Opportunity Analysis
7.3.2.Market Size and Forecast, by Region
7.4.Extraction
7.4.1.Key Market Trends & Opportunity Analysis
7.4.2.Market Size and Forecast, by Region
7.5.Chemical Synthesis
7.5.1.Key Market Trends & Opportunity Analysis
7.5.2.Market Size and Forecast, by Region

Chapter 8.Astaxanthin Market, by Application
8.1.Market Overview
8.2.Feed
8.2.1.Key Market Trends & Opportunity Analysis
8.2.2.Market Size and Forecast, by Region
8.3.Dietary supplements
8.3.1.Key Market Trends & Opportunity Analysis
8.3.2.Market Size and Forecast, by Region
8.4.Food & beverages
8.4.1.Key Market Trends & Opportunity Analysis
8.4.2.Market Size and Forecast, by Region
8.5.Cosmetics
8.5.1.Key Market Trends & Opportunity Analysis
8.5.2.Market Size and Forecast, by Region

Chapter 9.Astaxanthin Market, by Region
9.1.Overview
9.2.North America
9.2.1.Key Market Trends and Opportunities
9.2.2.North America Astaxanthin Market Size and Forecast, by Source
9.2.3.North America Astaxanthin Market Size and Forecast, by Method of Production
9.2.4.North America Astaxanthin Market Size and Forecast, by Form
9.2.5.North America Astaxanthin Market Size and Forecast, by Application
9.2.6.North America Astaxanthin Market Size and Forecast, by Country
9.2.7.The U.S.
9.2.7.1.The U.S. Astaxanthin Market Size and Forecast, by Source
9.2.7.2.The U.S. Astaxanthin Market Size and Forecast, by Method of Production
9.2.7.3.The U.S. Astaxanthin Market Size and Forecast, by Form
9.2.7.4.The U.S. Astaxanthin Market Size and Forecast, by Application
9.2.8.Canada
9.2.8.1.Canada Astaxanthin Market Size and Forecast, by Source
9.2.8.2.Canada Astaxanthin Market Size and Forecast, by Method of Production
9.2.8.3.Canada Astaxanthin Market Size and Forecast, by Form
9.2.8.4.Canada Astaxanthin Market Size and Forecast, by Application
9.2.9.Mexico
9.2.9.1.Mexico Astaxanthin Market Size and Forecast, by Source
9.2.9.2.Mexico Astaxanthin Market Size and Forecast, by Method of Production
9.2.9.3.Mexico Astaxanthin Market Size and Forecast, by Form
9.2.9.4.Mexico Astaxanthin Market Size and Forecast, by Application
9.3.Europe
9.3.1.Key Market Trends and Opportunities
9.3.2.Europe Astaxanthin Market Size and Forecast, by Source
9.3.3.Europe Astaxanthin Market Size and Forecast, by Method of Production
9.3.4.Europe Astaxanthin Market Size and Forecast, by Form
9.3.5. Europe Astaxanthin Market Size and Forecast, by Application
9.3.6.Europe Astaxanthin Market Size and Forecast, by Country
9.3.7.The U.K.
9.3.7.1.The U.K. Astaxanthin Market Size and Forecast, by Source
9.3.7.2.The U.K. Astaxanthin Market Size and Forecast, by Method of Production
9.3.7.3.The U.K. Astaxanthin Market Size and Forecast, by Form
9.3.7.4.The U.K. Astaxanthin Market Size and Forecast, by Application
9.3.8.Germany
9.3.8.1.Germany Astaxanthin Market Size and Forecast, by Source
9.3.8.2.Germany Astaxanthin Market Size and Forecast, by Method of Production
9.3.8.3.Germany Astaxanthin Market Size and Forecast, by Form
9.3.8.4.Germany Astaxanthin Market Size and Forecast, by Application
9.3.9.France
9.3.9.1.France Astaxanthin Market Size and Forecast, by Source
9.3.9.2.France Astaxanthin Market Size and Forecast, by Method of Production
9.3.9.3.France Astaxanthin Market Size and Forecast, by Form
9.3.9.4.France Astaxanthin Market Size and Forecast, by Application
9.3.10.Spain
9.3.10.1.Spain Astaxanthin Market Size and Forecast, by Source
9.3.10.2.Spain Astaxanthin Market Size and Forecast, by Method of Production
9.3.10.3.Spain Astaxanthin Market Size and Forecast, by Form
9.3.10.4.Spain Astaxanthin Market Size and Forecast, by Application
9.3.11.Italy
9.3.11.1.Italy Astaxanthin Market Size and Forecast, by Source
9.3.11.2.Italy Astaxanthin Market Size and Forecast, by Method of Production
9.3.11.3.Italy Astaxanthin Market Size and Forecast, by Form
9.3.11.4.Italy Astaxanthin Market Size and Forecast, by Application
9.3.12. Netherlands
9.3.12.1.Netherlands Astaxanthin Market Size and Forecast, by Source
9.3.12.2.Netherlands Astaxanthin Market Size and Forecast, by Method of Production
9.3.12.3.Netherlands Astaxanthin Market Size and Forecast, by Form
9.3.12.4.Netherlands Astaxanthin Market Size and Forecast, by Application
9.3.13. Sweden
9.3.13.1.Sweden Astaxanthin Market Size and Forecast, by Source
9.3.13.2.Sweden Astaxanthin Market Size and Forecast, by Method of Production
9.3.13.3.Sweden Astaxanthin Market Size and Forecast, by Form
9.3.13.4.Sweden Astaxanthin Market Size and Forecast, by Application
9.3.14.Switzerland
9.3.14.1.Switzerland Astaxanthin Market Size and Forecast, by Source
9.3.14.2.Switzerland Astaxanthin Market Size and Forecast, by Method of Production
9.3.14.3.Switzerland Astaxanthin Market Size and Forecast, by Form
9.3.14.4.Switzerland Astaxanthin Market Size and Forecast, by Application
9.3.15.Denmark
9.3.15.1.Denmark Astaxanthin Market Size and Forecast, by Source
9.3.15.2.Denmark Astaxanthin Market Size and Forecast, by Method of Production
9.3.15.3.Denmark Astaxanthin Market Size and Forecast, by Form
9.3.15.4.Denmark Astaxanthin Market Size and Forecast, by Application
9.3.16.Finland
9.3.16.1.Finland Astaxanthin Market Size and Forecast, by Source
9.3.16.2.Finland Astaxanthin Market Size and Forecast, by Method of Production
9.3.16.3.Finland Astaxanthin Market Size and Forecast, by Form
9.3.16.4.Finland Astaxanthin Market Size and Forecast, by Application
9.3.17.Russia
9.3.17.1.Russia Astaxanthin Market Size and Forecast, by Source
9.3.17.2.Russia Astaxanthin Market Size and Forecast, by Method of Production
9.3.17.3.Russia Astaxanthin Market Size and Forecast, by Form
9.3.17.4.Russia Astaxanthin Market Size and Forecast, by Application
9.3.18.Rest of Europe
9.3.18.1.Rest of Europe Astaxanthin Market Size and Forecast, by Source
9.3.18.2.Rest of Europe Astaxanthin Market Size and Forecast, by Method of Production
9.3.18.3.Rest of Europe Astaxanthin Market Size and Forecast, by Form
9.3.18.4.Rest of Europe Astaxanthin Market Size and Forecast, by Application
9.4.Asia-Pacific
9.4.1.Key Market Trends and Opportunities
9.4.2.Asia-Pacific Astaxanthin Market Size and Forecast, by Country
9.4.3.Asia-Pacific Astaxanthin Market Size and Forecast, by Source
9.4.4.Asia-Pacific Astaxanthin Market Size and Forecast, by Method of Production
9.4.5.Asia-Pacific Astaxanthin Market Size and Forecast, by Form
9.4.6.Asia-Pacific Astaxanthin Market Size and Forecast, by Application
9.4.7.China
9.4.7.1.China Astaxanthin Market Size and Forecast, by Source
9.4.7.2.China Astaxanthin Market Size and Forecast, by Method of Production
9.4.7.3.China Astaxanthin Market Size and Forecast, by Form
9.4.7.4.China Astaxanthin Market Size and Forecast, by Application
9.4.8.India
9.4.8.1.India Astaxanthin Market Size and Forecast, by Source
9.4.8.2.India Astaxanthin Market Size and Forecast, by Method of Production
9.4.8.3.India Astaxanthin Market Size and Forecast, by Form
9.4.8.4.India Astaxanthin Market Size and Forecast, by Application
9.4.9.Japan
9.4.9.1.Japan Astaxanthin Market Size and Forecast, by Source
9.4.9.2.Japan Astaxanthin Market Size and Forecast, by Method of Production
9.4.9.3.Japan Astaxanthin Market Size and Forecast, by Form
9.4.9.4.Japan Astaxanthin Market Size and Forecast, by Application
9.4.10.South Korea
9.4.10.1.South Korea Astaxanthin Market Size and Forecast, by Source
9.4.10.2.South Korea Astaxanthin Market Size and Forecast, by Method of Production
9.4.10.3.South Korea Astaxanthin Market Size and Forecast, by Form
9.4.10.4.South Korea Astaxanthin Market Size and Forecast, by Application
9.4.11. Australia
9.4.11.1.Australia Astaxanthin Market Size and Forecast, by Source
9.4.11.2.Australia Astaxanthin Market Size and Forecast, by Method of Production
9.4.11.3.Australia Astaxanthin Market Size and Forecast, by Form
9.4.11.4.Australia Astaxanthin Market Size and Forecast, by Application
9.4.12.Singapore
9.4.12.1.Singapore Astaxanthin Market Size and Forecast, by Source
9.4.12.2.Singapore Astaxanthin Market Size and Forecast, by Method of Production
9.4.12.3.Singapore Astaxanthin Market Size and Forecast, by Form
9.4.12.4.Singapore Astaxanthin Market Size and Forecast, by Application
9.4.13.Indonesia
9.4.13.1.Indonesia Astaxanthin Market Size and Forecast, by Source
9.4.13.2.Indonesia Astaxanthin Market Size and Forecast, by Method of Production
9.4.13.3.Indonesia Astaxanthin Market Size and Forecast, by Form
9.4.13.4.Indonesia Astaxanthin Market Size and Forecast, by Application
9.4.14.Taiwan
9.4.14.1.Taiwan Astaxanthin Market Size and Forecast, by Source
9.4.14.2.Taiwan Astaxanthin Market Size and Forecast, by Method of Production
9.4.14.3.Taiwan Astaxanthin Market Size and Forecast, by Form
9.4.14.4.Taiwan Astaxanthin Market Size and Forecast, by Application
9.4.15.Malaysia
9.4.15.1.Malaysia Astaxanthin Market Size and Forecast, by Source
9.4.15.2.Malaysia Astaxanthin Market Size and Forecast, by Method of Production
9.4.15.3.Malaysia Astaxanthin Market Size and Forecast, by Form
9.4.15.4.Malaysia Astaxanthin Market Size and Forecast, by Application
9.4.16.Rest of APAC
9.4.16.1.Rest of APAC Astaxanthin Market Size and Forecast, by Source
9.4.16.2.Rest of APAC Astaxanthin Market Size and Forecast, by Method of Production
9.4.16.3.Rest of APAC Astaxanthin Market Size and Forecast, by Form
9.4.16.4.Rest of APAC Astaxanthin Market Size and Forecast, by Application
9.5.Rest of The World
9.5.1.Key Market Trends and Opportunities
9.5.2.Rest of The World Astaxanthin Market Size and Forecast, by Source
9.5.3.Rest of The World Astaxanthin Market Size and Forecast, by Method of Production
9.5.4.Rest of The World Astaxanthin Market Size and Forecast, by Form
9.5.5.Rest of The World Astaxanthin Market Size and Forecast, by Application
9.5.6.Rest of The World Astaxanthin Market Size and Forecast, by Country
9.5.7.Latin America
9.5.7.1.Latin America Astaxanthin Market Size and Forecast, by Source
9.5.7.2.Latin America Astaxanthin Market Size and Forecast, by Method of Production
9.5.7.3.Latin America Astaxanthin Market Size and Forecast, by Form
9.5.7.4.Latin America Astaxanthin Market Size and Forecast, by Application
9.5.8.Middle East
9.5.8.1.Middle East Astaxanthin Market Size and Forecast, by Source
9.5.8.2.Middle East Astaxanthin Market Size and Forecast, by Method of Production
9.5.8.3.Middle East Astaxanthin Market Size and Forecast, by Form
9.5.8.4.Middle East Astaxanthin Market Size and Forecast, by Application
9.5.9.Africa
9.5.9.1.Africa Astaxanthin Market Size and Forecast, by Source
9.5.9.2.Africa Astaxanthin Market Size and Forecast, by Method of Production
9.5.9.3.Africa Astaxanthin Market Size and Forecast, by Form
9.5.9.4.Africa Astaxanthin Market Size and Forecast, by Application

Chapter 10.Competitive Landscape
10.1.Market Overview
10.2.Market Share Analysis/Key Player Positioning
10.3.Developmental Strategy Benchmarking
10.3.1.New Product Development
10.3.2.Product Launches
10.3.3.Business Expansions
10.3.4.Partnerships, Joint Ventures, And Collaborations
10.3.5.Mergers And Acquisitions

Chapter 11.Company Profiles
11.1.Koninklijke DSM N.V. (Netherlands)
11.1.1.Company Snapshot
11.1.2.Financial Performance
11.1.3.Product Offerings
11.1.4.Key Strategic Initiatives
11.1.5.SWOT Analysis
11.2.BASF SE (Germany)
11.2.1.Company Snapshot
11.2.2.Financial Performance
11.2.3.Product Offerings
11.2.4.Key Strategic Initiatives
11.2.5.SWOT Analysis
11.3.Cyanotech Corporation (US)
11.3.1.Company Snapshot
11.3.2.Financial Performance
11.3.3.Product Offerings
11.3.4.Key Strategic Initiatives
11.3.5.SWOT Analysis
11.4.Otsuka Holdings Co. Ltd. (Japan)
11.4.1.Company Snapshot
11.4.2.Financial Performance
11.4.3.Product Offerings
11.4.4.Key Strategic Initiatives
11.4.5.SWOT Analysis
11.5.Divi’s Laboratories Ltd. (India)
11.5.1.Company Snapshot
11.5.2.Financial Performance
11.5.3.Product Offerings
11.5.4.Key Strategic Initiatives
11.5.5.SWOT Analysis
11.6.Valensa International (US)
11.6.1.Company Snapshot
11.6.2.Financial Performance
11.6.3.Product Offerings
11.6.4.Key Strategic Initiatives
11.6.5.SWOT Analysis
11.7.Fuji Chemical Industries Co. Ltd. (US)
11.7.1.Company Snapshot
11.7.2.Financial Performance
11.7.3.Product Offerings
11.7.4.Key Strategic Initiatives
11.7.5.SWOT Analysis
11.8.Beijing Gingko Group (China)
11.8.1.Company Snapshot
11.8.2.Financial Performance
11.8.3.Product Offerings
11.8.4.Key Strategic Initiatives
11.8.5.SWOT Analysis
11.9.Cardax, Inc. (China)
11.9.1.Company Snapshot
11.9.2.Financial Performance
11.9.3.Product Offerings
11.9.4.Key Strategic Initiatives
11.9.5.SWOT Analysis
11.10.Piveg, Inc. (US)
11.10.1.Company Snapshot
11.10.2.Financial Performance
11.10.3.Product Offerings
11.10.4.Key Strategic Initiatives
11.10.5.SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report

Market Segments

By Source

  • Natural
  • Plants
  • Yeast & Microbes
  • Marine Animals
  • Synthetic (Petroleum)

By Form

  • Dry
  • Liquid

By Method of Production

  • Microalgae Cultivation
  • Fermentation
  • Extraction
  • Chemical Synthesis

By Application

  • Feed
  • Dietary Supplements
  • Food & Beverages
  • Cosmetics

By Region

  • North America  
    • The U.S. 
    • Canada 
    • Mexico 
  • Europe 
    • The U.K. 
    • Germany 
    • France 
    • Spain 
    • Italy 
    • Netherlands 
    • Sweden 
    • Switzerland 
    • Denmark 
    • Finland 
    • Russia 
    • Rest of Europe 
  • The Asia-Pacific 
    • China 
    • India 
    • Japan 
    • South Korea 
    • Australia 
    • Singapore 
    • Indonesia 
    • Taiwan 
    • Malaysia 
    • Rest of Asia-Pacific 
  • Rest of the World 
    • Latin America 
    • The Middle East 
    • Africa

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