Global Astaxanthin Market Size study, by Source (Plant, Yeast & Microbes, Marine, Petroleum), Form (Dry, Liquid), Method of Production (Biological Process, Chemical Process), Application (Feed, Supplements, Food, Cosmetics) and Regional Forecasts 2020-2027
- Report Code : BIZ2287733
- Published On: Feb, 2021
- Category : Therapeutic Area
- Pages : 200
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Global Astaxanthin Market is valued approximately USD 0.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.90 % over the forecast period 2020-2027. Astaxanthin belongs to the carotenoid xanthophyll group. It is a reddish color that appears naturally in some algae and allows fish, lobster, shrimp, and other marine foods to be pink red. Because of its quick availability, along with providing cardiovascular benefits, the product is used as a dietary supplement. The product is over 500 times stronger and much more powerful than other carotenoids such as lutein and lycopene than vitamin E. The market is driven by increasing understanding of preventive healthcare & nutraceuticals, feed industry industrialization, increased demand for cosmetic items. Initiatives by government to promote aquaculture, growing market for natural antioxidants, increasing demand from emerging countries would create opportunity in the market. The key players of global Astaxanthin Market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In October 2018, natural astaxanthin was launched by BGG and its associates Solix Algredients and Algae Health Sciences for its flagship product AstaZine. This substance is used as a dispersible emulsion form used in applications for beverages. This ingredient is used for the application of many beverages, such as sports drinks and anti-aging fitness shots. However, High Production Cost could restrain the growth of market.
The regional analysis of global Astaxanthin Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of feed industry industrialization, increased demand for cosmetic items. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Increasing understanding of Preventive Healthcare & Nutraceuticals would create lucrative growth prospects for the Astaxanthin Market across Asia-Pacific region.
Major market player included in this report are:
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.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Plant
Yeast & Microbes
Marine
Petroleum
By Form:
Dry Form
Liquid Form
By Application:
Feed
Supplements
Food
Cosmetics
By Method of Production:
Microalgae Cultivation
Fermentation
Extraction
Chemical Synthesis
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Astaxanthin Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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With tables and figures helping analyze worldwide Global Astaxanthin market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Astaxanthin Market , by Region, 2018-2027 (USD Billion)
1.2.2. Astaxanthin Market , by Source, 2018-2027 (USD Billion)
1.2.3. Astaxanthin Market , by Form, 2018-2027 (USD Billion)
1.2.4. Astaxanthin Market , by Application, 2018-2027 (USD Billion)
1.2.5. Astaxanthin Market , by Method of Production, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Astaxanthin Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Astaxanthin Market Dynamics
3.1. Astaxanthin Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Astaxanthin Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Astaxanthin Market , by Source
5.1. Market Snapshot
5.2. Global Astaxanthin Market by Source, Performance - Potential Analysis
5.3. Global Astaxanthin Market Estimates & Forecasts by Source 2017-2027 (USD Billion)
5.4. Astaxanthin Market , Sub Segment Analysis
5.4.1. Plant
5.4.2. Yeast & Microbes
5.4.3. Marine
5.4.4. Petroleum
Chapter 6. Global Astaxanthin Market , By Form
6.1. Market Snapshot
6.2. Global Astaxanthin Market by Form, Performance - Potential Analysis
6.3. Global Astaxanthin Market Estimates & Forecasts by Form 2017-2027 (USD Billion)
6.4. Astaxanthin Market , Sub Segment Analysis
6.4.1. Dry Form
6.4.2. Liquid Form
Chapter 7. Global Astaxanthin Market , by Application
7.1. Market Snapshot
7.2. Global Astaxanthin Market by Application, Performance - Potential Analysis
7.3. Global Astaxanthin Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Astaxanthin Market , Sub Segment Analysis
7.4.1. Feed
7.4.2. Supplements
7.4.3. Food
7.4.4. Cosmetics
Chapter 8. Global Astaxanthin Market , by Method of Production
8.1. Market Snapshot
8.2. Global Astaxanthin Market by Method of Production, Performance - Potential Analysis
8.3. Global Astaxanthin Market Estimates & Forecasts by Method of Production 2017-2027 (USD Billion)
8.4. Astaxanthin Market , Sub Segment Analysis
8.4.1. Microalgae Cultivation
8.4.2. Fermentation
8.4.3. Extraction
8.4.4. Chemical Synthesis
Chapter 9. Global Astaxanthin Market , Regional Analysis
9.1. Astaxanthin Market , Regional Market Snapshot
9.2. North America Astaxanthin Market
9.2.1. U.S. Astaxanthin Market
9.2.1.1. Source breakdown estimates & forecasts, 2017-2027
9.2.1.2. Application breakdown estimates & forecasts, 2017-2027
9.2.1.3. Form breakdown estimates & forecasts, 2017-2027
9.2.1.4. Method of Production breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Astaxanthin Market
9.3. Europe Astaxanthin Market Snapshot
9.3.1. U.K. Astaxanthin Market
9.3.2. Germany Astaxanthin Market
9.3.3. France Astaxanthin Market
9.3.4. Spain Astaxanthin Market
9.3.5. Italy Astaxanthin Market
9.3.6. Rest of Europe Astaxanthin Market
9.4. Asia-Pacific Astaxanthin Market Snapshot
9.4.1. China Astaxanthin Market
9.4.2. India Astaxanthin Market
9.4.3. Japan Astaxanthin Market
9.4.4. Australia Astaxanthin Market
9.4.5. South Korea Astaxanthin Market
9.4.6. Rest of Asia Pacific Astaxanthin Market
9.5. Latin America Astaxanthin Market Snapshot
9.5.1. Brazil Astaxanthin Market
9.5.2. Mexico Astaxanthin Market
9.6. Rest of The World Astaxanthin Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. BASF SE
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Koninklijke DSM N.V.
10.2.3. Cyanotech Corporation
10.2.4. Otsuka Pharmaceutical Co., Ltd.
10.2.5. Valensa International
10.2.6. Fuji Chemical Industries Co., Ltd.
10.2.7. Divis Laboratories Ltd.
10.2.8. Beijing Ginko Group (BGG)
10.2.9. Igene Biotechnology Inc.
10.2.10. Piveg, Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
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The Global Astaxanthin Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
Global Astaxanthin has a wide range of applications, including
From 2024 to 2029, the Global Astaxanthin Market is expected to grow at a compound annual growth rate of YY%, reaching a value of USD XXX Million.
As the shift to value addition continues, companies in the Global Astaxanthin Market face the dual challenge of improving interoperability to optimize performance and experience.
The Global Astaxanthin study focuses on shifting market dynamics, geopolitical and regulatory regulations, and key players' strategies to carefully analyze demand at risk across multiple industry categories.
