PUBLISHER: IMARC | PRODUCT CODE: 1746999
PUBLISHER: IMARC | PRODUCT CODE: 1746999
Japan astaxanthin market size reached USD 52.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 169.0 Million by 2033, exhibiting a growth rate (CAGR) of 14.1% during 2025-2033. The escalating demand for dietary supplements, along with the increasing prevalence of health-related conditions, is primarily driving the market growth.
Astaxanthin (C40H52O4) is a red, lipid-soluble carotenoid pigment present in various microorganisms and marine creatures. It falls within the category of chemical compounds known as terpenes, which are derived from five-carbon precursors, namely dimethylallyl diphosphate and isopentenyl diphosphate. Astaxanthin possesses attributes as an antioxidant, anti-inflammatory agent, and anticancer substance. These properties contribute to the enhancement of the immune system, protection against damage caused by ultraviolet (UV) radiation, prevention of chemically induced cancers, and treatment of various ailments. As a result, it finds application as a functional ingredient in food, a dietary supplement, and an additive in animal feed throughout Japan.
In the context of the Japanese market, the significant growth of the astaxanthin market can be attributed to the rising incidence of various health conditions, such as diabetes, cancer, cognitive health issues, and cardiovascular diseases. Astaxanthin plays a crucial role in increasing blood circulation, reducing blood sugar levels, and alleviating muscle, joint, and tendon pain. Furthermore, it offers benefits like photoprotection against aging effects, improved sleep patterns, alleviation of depression, and enhanced sperm motility. Additionally, the escalating demand for astaxanthin as a food additive and food coloring agent within the global food and beverage (F&B) industry is notable. Astaxanthin's ability to preserve the taste, color, freshness, and overall quality of food products has led to a significant surge in its usage. Moreover, astaxanthin finds extensive application in skin care, contributing to skin tightening, reduction of fine lines and wrinkles, and the retention of moisture and elasticity. Manufacturers are adopting cost-effective technologies that prioritize water conservation and energy efficiency, such as sealed microalgae cultivation systems. These systems minimize the risks associated with microbial contamination and agricultural residues, further boosting market growth. Furthermore, factors like the growing preference for dietary supplements and the increasing prevalence of nutritional deficiencies among individuals are expected to drive market expansion in Japan over the forecasted period.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.