Astaxanthin Market Insight & Future Assessment for the Period

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Jul 22, 2021, 05:51 EST

Shibuya-ku, Tokyo, Japan, Japan, Jul 22, 2021, 05:51 /Comserve / -- Astaxanthin Market :Global Size, Share, Trends, Forecast, Growth, Key Players, Market Segments & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

"The report on Astaxanthin Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter’s five forces.

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Astaxanthin Market: Overview

  • The astaxanthin market is likely to value ~ US$ 633 Mn in 2020 and is anticipated to reach ~US$ 1.3 Bn by 2030, at a CAGR of ~8% between 2020 and 2030.
  • Astaxanthin is primarily in demand in the aquaculture industry as the majority of the share is used for fish coloration such as salmon, lobster, and others
  • Astaxanthin is a naturally occurring dietary component and is used in supplements intended for humans, aquaculture, and animals

Astaxanthin: Market Frontrunners

  • North America is estimated to dominate the overall market with ~23% share, which is expected to increase at a CAGR of 9.7% by the end of 2030
  • The key players operating in the astaxanthin market are providing products for a variety of applications. The aquaculture and animal feed accounts for the majority of the share of the market. During the forecast period, food & beverages application segment is anticipated to expand positively at CAGR of 9.3%.
  • With increase in the demand for natural ingredients, the bacterial fermentation technology is implemented to produce astaxanthin
  • Producers and leading manufacturers of astaxanthin are launching various initiatives to spread awareness about the product and its use in treating various health concerns
  • Manufacturers are witnessing cut throat competition in the market. As a result, they are competing among themselves to cater to the growing demand for astaxanthin in different application industries.

Astaxanthin Market: Trends

  • Demand for natural food supplements and growing awareness about adverse effects of chemical products among consumers can be attributed to the anticipated production of natural astaxanthin in future
  • Astaxanthin is a potent antioxidant and complements other existing antioxidants in a formulation. It offers manufacturers the ability to differentiate their products and give their antioxidant cocktail an edge.
  • Consumer interest in dietary supplements with antioxidant claims is on the rise. Natural astaxanthin is preferred in dietary supplements in different forms such as soft gels, tablets, capsules, syrups, oils, and creams. These are gaining popularity due to the potent antioxidant and reactive oxygen scavenging effects of astaxanthin.
  • Astaxanthin as an oxidant is used to increase skin moisture, moisture retention, elasticity, as well as promote skin smoothness, decreasing fine lines and wrinkles
  • Astaxanthin demand is growing as consumers learn about the ingredient’s high anti-inflammatory activity and studied health benefits for vision, brain health, heart health, and immune support
  • Around 27% of the world’s population consists of millennial that push various segments within consumer markets towards quick development and growth. Millennial show inclination towards innovative products, and are attracted to new products introduced in the market.

Astaxanthin Market: Strategies

  • The growing personal care and self-grooming trends among consumers is leading to escalating demand for cosmetics and personal care products. The increasing need for self-grooming products is bolstering the demand for astaxanthin that is enriched with vital vitamins and minerals; that prevents from deformities of skin, including dryness, sunburn, and roughness among other. It also prevents from ageing.
  • Suppliers are entering into long-term contracts with astaxanthin-based product manufacturers to avoid increase in product prices, and astaxanthin suppliers/retailers also focus on entering into long-term contracts as it helps them sustain  
  • Ensuring superior product quality, and adherence to good manufacturing and ethical distribution practices are followed diligently by manufacturers to maintain competitive edge in the market

Astaxanthin Market: Players

  • Key players operating in the astaxanthin market, as profiled in the study, include 
    • Algatechnologies Ltd.
    • Algaecan Biotech Ltd.
    • Archer Daniels Midland Co. (ADM)
    • BASF SE
    • BGG (Beijing Gingko Group)
    • Cardax, Inc.
    • Cyanotech Corporation (BioAstin)
    • Divis Laboratories Ltd.
    • Fenchem Biotek Ltd
    • Fuji Chemical Industries Co., Ltd.
    • Igene BioProduction Technology, Inc.
    • Koninklijke DSM N.V.
    • Kunming biogenic
    • Supreme Biotechnologies NZ Ltd
    •  Valensa International Global, PIVEG, Inc.
    • Parry Nutraceuticals
    • AstaReal Inc
    • JXTG Nippon Oil & Energy Corporation
    • Otsuka Pharmaceutical
    • INNOBIO Limited


Astaxanthin Market - Scope of the Report

The recently published market study on astaxanthin provides a detailed assessment of key market dynamics, including drivers, trends, opportunities & restraints, and detailed information about the astaxanthin market structure. The market study presents exclusive information about how the astaxanthin market will grow during the forecast period of 2020-2030.

Key indicators of market growth, which include year-on-year (Y-o-Y) growth of the market, value chain, supply chain analysis, and compounded annual growth rate (CAGR) are explained in the study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the astaxanthin market during the forecast period.

The study is relevant for stakeholders in the astaxanthin market, including astaxanthin manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the astaxanthin market, investors, industry experts, researchers, and journalists, as well as business researchers can gain valuable insights from the information and data presented in the study.

The study also includes statistics and facts related to the macro as well as microeconomic factors that are impacting developments in the market. It also offers actionable insights into the market based on the future trends in the astaxanthin market. Furthermore, small businesses and new entrants in the astaxanthin market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Questions Answered in the Astaxanthin Market Report

  • Which regions will continue to remain the most profitable regional markets for astaxanthin market players?
  • Which factors will induce a change in the demand for astaxanthin during the assessment period?
  • How will the changing trends impact the astaxanthin market?
  • How can market players capture the low-hanging opportunities in the astaxanthin market in developed regions?
  • Which companies are leading the astaxanthin market?
  • What are the winning strategies of stakeholders in the astaxanthin market to upscale their position in this landscape?

Astaxanthin Market: Research Methodology

The study uses a unique research methodology to conduct extensive research on the growth of the astaxanthin market and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to by analysts during the production of the astaxanthin market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the astaxanthin market, and makes projections on the growth prospects of the astaxanthin market more accurate and reliable.

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Table of Content
1. Global Astaxanthin Market - Executive Summary

1.1. Global Astaxanthin Market Country Analysis

1.2. Application – Product Mapping

1.3. Competition Blueprint

1.4. Technology Time Line Mapping

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Introduction

2.2. Market Definition

2.3. Market Taxonomy

3. Product Innovation / Development Trends

3.1. Shift Toward Natural Ingredients

3.2. Preferential Inclination towards Non-Modified Convenience Ingredients

3.3. Packaging to Suit Customer Orientation

3.4. Brand Differentiation through Packaging

4. Product Oriented Market Buzz

4.1. Common product categories yet influential

4.2. Rare in the portfolio, albeit promises value return

4.3. Attractive segments for all Market Actors

4.4. Transformed product attributes

4.5. Development of the specification

4.6. Product visibility at channel shelves

4.7. Acquisition and analysis of the proposals

4.8. Impact of labelling, claims, and certifications

5. Market Dynamics

5.1. Food & Beverage Sector Outlook

5.2. Macro-economic Factors

5.3. Drivers

5.3.1. Supply Side

5.3.2. Demand Side

5.4. Restraints

5.5. Opportunity

5.6. Trends

5.7. Value Chain Analysis

5.8. Pricing Analysis

For more information about this report visit: Astaxanthin Market"

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