PUBLISHER: IMARC | PRODUCT CODE: 1820162
PUBLISHER: IMARC | PRODUCT CODE: 1820162
Astaxanthin Market Report by Source (Natural, Synthetic), Product (Dried Algae Meal or Biomass, Oil, Softgel, Liquid, and Others), Application (Nutraceuticals, Cosmetics, Aquaculture and Animal Feed, and Others), and Region 2025-2033
The global astaxanthin market size reached USD 874.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,628.8 Million by 2033, exhibiting a growth rate (CAGR) of 6.8% during 2025-2033. Aging population, the increasing consumer awareness of health and wellness, the growing demand for natural ingredients, and ongoing advancements in production technology, are primarily driving the market's growth.
Astaxanthin Market Trends:
Rising Elderly Population
The growing elderly population is driving the market's growth. For instance, by 2030, one in every six persons in the world will be 60 or older. At this time, the proportion of the population aged 60 and up will rise from 1 billion in 2020 to 1.4 billion. The global aging population is increasing the demand for supplements that can improve quality of life and mitigate age-related health issues. Astaxanthin's anti-aging properties make it a popular choice among older consumers. These factors are expected to propel the astaxanthin market in the coming years.
Growing Skincare Industry
The growing skincare industry is a significant driver of astaxanthin market growth. For instance, according to IMARC, the China skincare market size reached US$ 46.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 98.3 Billion by 2032, exhibiting a growth rate (CAGR) of 8.5% during 2024-2032. Astaxanthin is well-known for its powerful antioxidant properties, which help combat oxidative stress and neutralize free radicals. This makes it a valuable ingredient in anti-aging skincare products. It can reduce the appearance of fine lines and wrinkles, making it popular in formulations aimed at mature skin. These factors further positively influence the astaxanthin market forecast.
Product Innovations
The skincare industry is continuously innovating with new products and formulations. Astaxanthin is being incorporated into a wide range of products, including serums, moisturizers, and masks, expanding its market reach. For instance, in June 2024, Embryolisse introduced Soin Blush de Peau Abricot Lumiere, a detoxifying gel-cream that provides an instant healthy glow to the face and eye contour. The shade Abricot Lumiere is made with a combination of red pigments obtained from organic astaxanthin, thereby boosting the astaxanthin market revenue.
Global Astaxanthin Industry Segmentation:
Breakup by Source:
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
Synthetic holds the majority of the total market share
According to the astaxanthin market outlook, synthetic astaxanthin is often more affordable to produce compared to its natural counterparts, which are derived from microalgae or other natural sources. This cost advantage makes synthetic astaxanthin attractive for use in various applications, including supplements, cosmetics, and functional foods. Moreover, this can be tailored to meet specific requirements for different applications, such as dietary supplements, cosmetics, and animal feed. This customization allows for greater flexibility in product formulation.
Breakup by Product:
- Dried Algae Meal or Biomass
- Oil
- Softgel
- Liquid
- Others
Dried algae meal or biomass currently exhibits a clear dominance in the market
According to the astaxanthin market overview, dried algae biomass, particularly from microalgae such as Haematococcus pluvialis, is the primary source for natural astaxanthin. This algae strain is known for its high astaxanthin content, making it a key raw material in the production of natural astaxanthin. Moreover, the cultivation of algae for astaxanthin production is generally considered more sustainable compared to other methods. Algae can be grown in controlled environments with minimal impact on land and water resources, aligning with the increasing consumer demand for sustainable and eco-friendly products.
Breakup by Application:
- Nutraceuticals
- Cosmetics
- Aquaculture and Animal Feed
- Others
Aquaculture and animal feed accounts for the largest market share
Astaxanthin is widely used in aquaculture to enhance the coloration of fish and seafood, particularly in species like salmon, trout, and shrimp. It imparts a vibrant pink or red hue, which is highly valued by consumers and often associated with freshness and quality. Moreover, the increasing global demand for seafood drives the need for aquaculture products that meet consumer preferences for appearance and quality. Astaxanthin is crucial for achieving the desired color and health benefits.
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Asia-Pacific currently dominates the global market
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific currently dominates the global market.
According to the astaxanthin market statistics, the growing health awareness among consumers in Asia Pacific is driving demand for dietary supplements and functional foods that offer health benefits. Astaxanthin, known for its powerful antioxidant properties, fits well into this trend. Apart from this, the aging population in countries like Japan, China, and other Asian countries is seeking products that support healthy aging and improve quality of life. For instance, in 2019, China had 254 million people aged 60 or older. By 2040, this figure is predicted to rise to 402 million, accounting for around 28% of the population. Astaxanthin's benefits for skin health, eye health, and overall wellness are attractive to this demographic.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:
- Algatech LTD (Societe La Biochimie Appliquee SA)
- BASF SE
- Beijing Gingko Group
- Cardax Inc
- Cyanotech Corporation
- Divi's Laboratories Limited
- E.I.D. - Parry (India) Limited (Murugappa Group)
- Fenchem Biotek Ltd
- Fuji Chemical Industries Co. Ltd.
- Koninklijke DSM N.V.
- Piveg Inc
Key Questions Answered in This Report
- 1.What was the size of the global astaxanthin market in 2024?
- 2.What is the expected growth rate of the global astaxanthin market during 2025-2033?
- 3.What are the key factors driving the global astaxanthin market?
- 4.What has been the impact of COVID-19 on the global astaxanthin market?
- 5.What is the breakup of the global astaxanthin market based on the source?
- 6.What is the breakup of the global astaxanthin market based on the product?
- 7.What is the breakup of the global astaxanthin market based on the application?
- 8.What are the key regions in the global astaxanthin market?
- 9.Who are the key players/companies in the global astaxanthin market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Astaxanthin Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Source
- 6.1 Natural
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Yeast
- 6.1.2.2 Krill/Shrimp
- 6.1.2.3 Microalgae
- 6.1.2.4 Others
- 6.1.3 Market Forecast
- 6.2 Synthetic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Product
- 7.1 Dried Algae Meal or Biomass
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Oil
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Softgel
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Liquid
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Application
- 8.1 Nutraceuticals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cosmetics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aquaculture and Animal Feed
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Algatech LTD(Societe La Biochimie Appliquee SA)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Beijing Gingko Group
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Cardax Inc
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Cyanotech Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Divi's Laboratories Limited
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 E.I.D. - Parry (India) Limited (Murugappa Group)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Fenchem Biotek Ltd
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Fuji Chemical Industries Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Koninklijke DSM N.V.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Piveg Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Algatech LTD(Societe La Biochimie Appliquee SA)
List of Figures
- Figure 1: Global: Astaxanthin Market: Major Drivers and Challenges
- Figure 2: Global: Astaxanthin Market: Sales Value (in Million USD), 2019-2024
- Figure 3: Global: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 4: Global: Astaxanthin Market: Breakup by Source (in %), 2024
- Figure 5: Global: Astaxanthin Market: Breakup by Product (in %), 2024
- Figure 6: Global: Astaxanthin Market: Breakup by Application (in %), 2024
- Figure 7: Global: Astaxanthin Market: Breakup by Region (in %), 2024
- Figure 8: Global: Astaxanthin (Natural) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Astaxanthin (Natural) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Astaxanthin (Synthetic) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Astaxanthin (Synthetic) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Astaxanthin (Dried Algae Meal or Biomass) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Astaxanthin (Dried Algae Meal or Biomass) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Astaxanthin (Oil) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Astaxanthin (Oil) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Astaxanthin (Softgel) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Astaxanthin (Softgel) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Astaxanthin (Liquid) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Astaxanthin (Liquid) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Astaxanthin (Other Products) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Astaxanthin (Other Products) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Astaxanthin (Nutraceuticals) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Astaxanthin (Nutraceuticals) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Astaxanthin (Cosmetics) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Astaxanthin (Cosmetics) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Astaxanthin (Aquaculture and Animal Feed) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Astaxanthin (Aquaculture and Animal Feed) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Astaxanthin (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Astaxanthin (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: North America: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: North America: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: United States: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: United States: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Canada: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Canada: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Asia-Pacific: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Asia-Pacific: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: China: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: China: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Japan: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Japan: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: India: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: India: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: South Korea: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: South Korea: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Australia: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Australia: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Indonesia: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Indonesia: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Others: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Others: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Europe: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Europe: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Germany: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Germany: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: France: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: France: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: United Kingdom: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: United Kingdom: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Italy: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Italy: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Spain: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Spain: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Russia: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Russia: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Others: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Others: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Latin America: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Latin America: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Brazil: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Brazil: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Mexico: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Mexico: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Others: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Others: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Middle East and Africa: Astaxanthin Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Middle East and Africa: Astaxanthin Market: Breakup by Country (in %), 2024
- Figure 78: Middle East and Africa: Astaxanthin Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Global: Astaxanthin Industry: SWOT Analysis
- Figure 80: Global: Astaxanthin Industry: Value Chain Analysis
- Figure 81: Global: Astaxanthin Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Astaxanthin Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Astaxanthin Market Forecast: Breakup by Source (in Million USD), 2025-2033
- Table 3: Global: Astaxanthin Market Forecast: Breakup by Product (in Million USD), 2025-2033
- Table 4: Global: Astaxanthin Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Astaxanthin Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Astaxanthin Market: Competitive Structure
- Table 7: Global: Astaxanthin Market: Key Players
