Bharat Book Bureau Provides the Trending Market Research Report on “Global Astaxanthin Market, Forecast to 2023” under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Major Players, global presence, and their future prospects.
Astaxanthin market size will grow from USD 550.7 Million in 2017 to USD 880.3 Million by 2023, at an estimated CAGR of 8.13%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Astaxanthin has been gaining significance due to its health benefits and a wide range of end-use applications. It finds usage in animal and human applications, wherein it is mainly used to combat the human immune health and skin-related problems, while as a coloring additive in animal feed. The increasing prevalence of nutrient deficiency and changing consumer preferences for preventive healthcare have led to an increase in the demand for astaxanthin in the global market.
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Additionally, consumer shift toward the consumption of vegan food products is also expected to affect the market growth.
By Market Players:
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., Fenchem Biotek Ltd., Algatechnologies, Cardax, Inc., Supreme Biotechnologies
Natural Source , Petroleum (Synthetic)
Feed , Supplements , Food , Cosmetics
Dry Form , Liquid Form
By Method of Production
Microalgae Cultivation , Fermentation , Extraction , Chemical Synthesis
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