Astaxanthin Global Market Outlook 20172023 [Report Updated: 01082017] Prices from USD $4150
According to Stratistics MRC, the Global Astsxanthin market is expected to grow from $ 615.19 million in 2016 to reach $ 1226.14 million by 2023 with a CAGR of 10.3%. Factors such as rising demand for cosmetic products, customers varying preferences towards healthcare nutraceutical products are fuelling the market. In addition, lack of raw material, inadequate advanced technologies are restricting the market.
Animal feed is expected to be the fastest growing segment as astsxanthin is used as coloring agent for aquatic animals and livestock to increase color of eggs and meat. On the other hand, the demand for natural astsxanthin is growing rapidly due to consumers rising concerns towards health benefits. Asia Pacific has acquired largest market share followed by North America and the growth is attributed to rising demand for natural astaxanthin from food and beverages sector.
Some of the key players in global 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, Fenchem Biotek Ltd, Algatechnologies, Cardax, Inc, Supreme Biotechnologies and Parry Nutraceuticals.
Applications Covered:
Dietary Supplements
Animal health aquaculture
Cosmetics
Food Beverages
Feed
Method of Productions Covered:
Chemical Synthesis
Microalgae Cultivation
Extraction
Fermentation
Forms Covered:
Liquid Form
Dry Form
Sources Covered:
Petroleum Synthetic
Natural Source
o Marine
o Plants
o Yeast Microbes
o Paracoccus bacteria
o Haematococcus pluvialis
o Pacific sockeye salmon
o Phaffia yeast,
o Shrimp biproducts
Products Types Covered:
Synthetic Astaxanthin
Astaxanthin Rich Paracoccus Bacteria
Pluvialis Microalgae Astaxanthin
Aematococcus
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East Africa
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Original Article: Astaxanthin Global Market Outlook 20172023 [Report Updated: 01082017] Prices from USD $4150
