Astaxanthin Market Size By Source (Synthetic, Natural), By Application (Dietary Supplement, Personal Care, Pharmaceuticals, Food & Beverages, Animal Feed {Aquaculture, Livestock, Pets}) & Forecast, 2023

Description

List of Tables

Global Astaxanthin Market is estimated to attain high gains through 2032 owing to the rising demand for dietary supplements. However, the high manufacturing cost of the product is expected to pose a threat to the booming astaxanthin industry.

Overall, the astaxanthin market has been divided in terms of source, application, and region.

Based on source, the natural segment is projected to grow steadily over the reviewed timeline. Astaxanthin is a carotenoid and a substance naturally found in plants and animals. The preference to produce astaxanthin using algae and yeast has grown due to the rapidly rising need for natural products, which will fuel consumer demand and speed up corporate growth during the anticipated timeframe. Moreover, natural astaxanthin is a 20-times more potent antioxidant than manufactured astaxanthin, which will also help drive the market expansion.

With respect to application, the dietary supplement segment is speculated to attain high gains in the future, depicting more than 9.5% CAGR through the estimated timeframe. Growing urbanization, escalating disposable income, busy lifestyles and work schedules, as well as consumers' inability to meet daily nutritional requirements are a few of such variables that are anticipated to support the expansion of the dietary supplements industry, favoring the astaxanthin market.

Following a similar trend, the personal care segment is anticipated to grow at more than 9% CAGR from 2023 to 2032. Due to its antioxidant capabilities, astaxanthin serves as a vital component in cosmetic and skincare products. Natural astaxanthin lessens skin irritation brought on by UVB. It also improves skin texture, enhances moisture content, and increases hydration. Along with the modern consumer trend toward sustainable and biodegradable products, consumers are gravitating more toward businesses that combine natural components. Customers' growing interest in enhancing their general skin health and boosting the well-being is expected to foster segmental growth.

From the regional front, the Middle East & Africa astaxanthin market is poised to amass sizable growth by the end of the research period propelled by thriving personal care sector. The personal care industry in the Middle East is driven by a number of factors, including a high level of disposable income, a desire for ethical products, and the development of beauty technologies, all of which are predicted to contribute to the region's astaxanthin market expansion.

The competitive landscape of the astaxanthin market is highly recognized. Some of the leading organizations operating in the industry include Algix, BASF, ALGA Technologies, Cyanotech Corporation, BGG, Fenchem, DSM, Piveg, Lycored, INNOBIO, Wellgreen Technology, and Cardax.

Product Code: 202

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid Sources
  - 1.4.2.2 Public Sources

Chapter 2 Executive Summary

2.1 Astaxanthin industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Source trends
- 2.1.3 Application trends
- 2.1.4 Regional trends

Chapter 3 Astaxanthin Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2032
3.3 Industry ecosystem analysis
- 3.3.1 Profit margin analysis
- 3.3.2 Distribution channel analysis
- 3.3.3 Vendor matrix
3.4 Regulatory landscape
- 3.4.1 North America
  - 3.4.1.1 U.S. Food and Drug Administration
- 3.4.2 Europe
  - 3.4.2.1 The European Commission
- 3.4.3 Asia Pacific
  - 3.4.3.1 India
    - 3.4.3.1.1 Food Safety and Standards Authority of India
  - 3.4.3.2 China
    - 3.4.3.2.1 National Food Safety Standard for Use of Food Additives (GB2760-2014)
    - 3.4.3.2.2 China Regulatory System on Imports of Feed (Gain Report Number - CH15062)
    - 3.4.3.2.3 MOA Approved Feed Additives Enforced on February 1, 2014?
- 3.4.4 Latin America
- 3.4.5 MEA
3.5 Technology landscape
- 3.5.1 Commercial production using green alga haematococcus pluvialis
- 3.5.2 Grignard reaction and Wittig reaction
3.6 Pricing analysis, 2016-2027
- 3.6.1 North America
- 3.6.2 Europe
- 3.6.3 APAC
- 3.6.4 LATAM
- 3.6.5 Middle East and Africa
- 3.6.6 Cost structure analysis, 2020
3.7 Raw material supply trends & prices
- 3.7.1 Astaxanthin production from natural sources
3.8 Industry impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 North America: Rising geriatric population and increasing demand for beauty and personal care products
  - 3.8.1.2 Europe: Increasing demand for naturally sourced aquaculture feed
  - 3.8.1.3 Asia Pacific: Expansion of animal feed industry
  - 3.8.1.4 Latin America: Increasing demand for dietary supplements
  - 3.8.1.5 Middle East and Africa: Expansion of Nutraceutical and Cosmetic market.
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Stringent government regulations and high production cost
3.9 Potential customers for pet feed applications
3.10 Innovation & sustainability
3.11 Growth potential analysis, 2020
3.12 Competitive landscape, 2020
- 3.12.1 Market share analysis, 2020
- 3.12.2 Top players overview
- 3.12.3 Brand analysis
- 3.12.4 Key stakeholders
- 3.12.5 Strategy dashboard
3.13 Porter's analysis
3.14 PESTEL analysis

Chapter 4 Competitive Landscape, 2021

4.1 Introduction
4.2 Company market share analysis by region, 2021
4.3 Competitive analysis of major market players
4.4 Vendor adoption matrix
4.5 Strategic outlook matrix

Chapter 5 Astaxanthin Market, By Source

5.1 Key source trends
5.2 Synthetic
5.3 Natural

Chapter 6 Astaxanthin Market, By Application

6.1 Key application trends
6.2 Dietary supplements
6.3 Personal care
6.4 Pharmaceuticals
6.5 Food & beverage
6.6 Animal feed
- 6.6.1 Aquaculture
- 6.6.2 Livestock
- 6.6.3 Pets

Chapter 7 Astaxanthin Market, By Region

7.1 Key regional trends
7.1 North America
- 7.1.1 North America astaxanthin market, 2017 - 2027, (Tons) (USD Million)
- 7.1.2 North America astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
- 7.1.3 North America astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.1.4 U.S.
  - 7.1.4.1 U.S. astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.1.4.2 U.S. astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.1.4.3 U.S. astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.1.5 Canada
  - 7.1.5.1 Canada astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.1.5.2 Canada astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.1.5.3 Canada astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
7.2 Europe
- 7.2.1 Europe astaxanthin market, 2017 - 2027, (Tons) (USD Million)
- 7.2.2 Europe astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
- 7.2.3 Europe astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.4 Germany
  - 7.2.4.1 Germany astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.4.2 Germany astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.4.3 Germany astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.5 UK
  - 7.2.5.1 UK astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.5.2 UK astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.5.3 UK astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.6 France
  - 7.2.6.1 France astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.6.2 France astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.6.3 France astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.7 Italy
  - 7.2.7.1 Italy astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.7.2 Italy astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.7.3 Italy astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.8 Norway
  - 7.2.8.1 Norway astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.8.2 Norway astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.8.3 Norway astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.9 Denmark
  - 7.2.9.1 Denmark astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.9.2 Denmark astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.9.3 Denmark astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.10 Turkey
  - 7.2.10.1 Turkey astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.10.2 Turkey astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.10.3 Turkey astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.11 Ireland
  - 7.2.11.1 Ireland astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.11.2 Ireland astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.11.3 Ireland astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.2.12 Spain
  - 7.2.12.1 Spain astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.2.12.2 Spain astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.2.12.3 Spain astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
7.3 Asia Pacific
- 7.3.1 Asia Pacific astaxanthin market, 2017 - 2027, (Tons) (USD Million)
- 7.3.2 Asia Pacific astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
- 7.3.3 Asia Pacific astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.4 China
  - 7.3.4.1 China astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.4.2 China astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.4.3 China astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.5 India
  - 7.3.5.1 India astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.5.2 India astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.5.3 India astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.6 Japan
  - 7.3.6.1 Japan astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.6.2 Japan astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.6.3 Japan astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.7 South Korea
  - 7.3.7.1 South Korea astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.7.2 South Korea astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.7.3 South Korea astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.8 Australia
  - 7.3.8.1 Australia astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.8.2 Australia astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.8.3 Australia astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.9 Malaysia
  - 7.3.9.1 Malaysia astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.9.2 Malaysia astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.9.3 Malaysia astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.10 Thailand
  - 7.3.10.1 Thailand astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.10.2 Thailand astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.10.3 Thailand astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.11 Indonesia
  - 7.3.11.1 Indonesia astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.11.2 Indonesia astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.11.3 Indonesia astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.3.12 Vietnam
  - 7.3.12.1 Vietnam astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.3.12.2 Vietnam astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.3.12.3 Vietnam astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
7.4 Latin America
- 7.4.1 Latin America astaxanthin market, 2017 - 2027, (Tons) (USD Million)
- 7.4.2 Latin America astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
- 7.4.3 Latin America astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.4.4 Chile
  - 7.4.4.1 Chile astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.4.4.2 Chile astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.4.4.3 Chile astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.4.5 Brazil
  - 7.4.5.1 Brazil astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.4.5.2 Brazil astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.4.5.3 Brazil astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.4.6 Mexico
  - 7.4.6.1 Mexico astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.4.6.2 Mexico astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.4.6.3 Mexico astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.4.7 Argentina
  - 7.4.7.1 Argentina astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.4.7.2 Argentina astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.4.7.3 Argentina astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.4.8 Ecuador
  - 7.4.8.1 Ecuador astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.4.8.2 Ecuador astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.4.8.3 Ecuador astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
7.5 Middle East & Africa
- 7.5.1 Middle East & Africa astaxanthin market, 2017 - 2027, (Tons) (USD Million)
- 7.5.2 Middle East & Africa astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
- 7.5.3 Middle East & Africa astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.5.4 Saudi Arabia
  - 7.5.4.1 Saudi Arabia astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.5.4.2 Saudi Arabia astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.5.4.3 Saudi Arabia astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.5.5 UAE
  - 7.5.5.1 UAE astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.5.5.2 UAE astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.5.5.3 UAE astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)
- 7.5.6 South Africa
  - 7.5.6.1 South Africa astaxanthin market, 2017 - 2027, (Tons) (USD Million)
  - 7.5.6.2 South Africa astaxanthin market, by application, 2017 - 2027, (Tons) (USD Million)
  - 7.5.6.3 South Africa astaxanthin market, by source, 2017 - 2027, (Tons) (USD Million)

Chapter 8 Company Profiles

8.1 ALGA Technologies
- 8.1.1 Business Overview
- 8.1.2 Product Landscape
- 8.1.3 Strategic Outlook
- 8.1.4 SWOT Analysis
8.2 Algaecan Biotech
- 8.2.1 Business Overview
- 8.2.2 Product Landscape
- 8.2.3 SWOT Analysis
8.3 Algix
- 8.3.1 Business Overview
- 8.3.2 Product Landscape
- 8.3.3 SWOT Analysis
8.4 BASF
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
8.5 BGG (Beijing Gingko Group)
- 8.5.1 Business Overview
- 8.5.2 Product Landscape
- 8.5.3 SWOT Analysis
8.6 Cardax
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
8.8 Cyanotech Corporation
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 SWOT Analysis
8.8 Divis Laboratories Limited
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
8.9 DSM
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
8.10 Fenchem
- 8.10.1 Business Overview
- 8.10.2 Product Landscape
- 8.10.3 SWOT Analysis
8.11 Fuji Chemical Industries Company Limited
- 8.11.1 Business Overview
- 8.11.2 Product Landscape
- 8.11.3 SWOT Analysis
8.12 INNOBIO Limited
- 8.12.1 Business Overview
- 8.12.2 Product Landscape
- 8.12.3 SWOT Analysis
8.13 JXTG Nippon Oil & Energy Corporation
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
8.14 Kunming Biogenic Company Limited
- 8.14.1 Business Overview
- 8.14.2 Product Landscape
- 8.14.3 SWOT Analysis
8.15 Lycored
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis
8.16 Otsuka Pharmaceutical Co., Ltd.
- 8.16.1 Business Overview
- 8.16.2 Financial Data
- 8.16.3 Product Landscape
- 8.16.4 Strategic Outlook
- 8.16.5 SWOT Analysis
8.18 Piveg, Inc.
- 8.18.1 Business Overview
- 8.18.2 Product Landscape
- 8.18.3 Strategic Outlook
- 8.18.4 SWOT Analysis
8.18 Valensa International
- 8.18.1 Business Overview
- 8.18.2 Financial Data
- 8.18.3 Product Landscape
- 8.18.4 Strategic Outlook
- 8.18.5 SWOT Analysis
8.19 Vidya Europe SAS
- 8.19.1 Business Overview
- 8.19.2 Product Landscape
- 8.19.3 SWOT Analysis
8.20 Wellgreen Technology Co., Limited
- 8.20.1 Business Overview
- 8.20.2 Product Landscape
- 8.20.3 SWOT Analysis

Chapter 9 Potential Customers

9.1 SeaQuarius
- 9.1.1 Business Overview
- 9.1.2 Product Landscape
- 9.1.3 SWOT Analysis
9.2 Derma E
- 9.2.1 Business Overview
- 9.2.2 Product Landscape
- 9.2.3 SWOT Analysis
9.3 Zenith Nutrition
- 9.3.1 Business Overview
- 9.3.2 Product Landscape
- 9.3.3 SWOT Analysis
9.4 Nutrex Hawaii
- 9.4.1 Business Overview
- 9.4.2 Product Landscape
- 9.4.3 SWOT Analysis
9.5 Biomar
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis