Astaxanthin Market Size- By Product, By Source, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

Astaxanthin Market Introduction and Overview

According to SPER Market Research, 'Global Astaxanthin Market Size- By Product, By Source, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' the Global Astaxanthin Market is estimated to reach USD 6.81 billion by 2033 with a CAGR of 15.02%.

Astaxanthin is a natural carotenoid pigment with strong antioxidant properties, found in microalgae, seafood like salmon and shrimp, and yeast. It gives these organisms their reddish-orange color and offers health benefits such as supporting skin and eye health, reducing inflammation, and boosting the immune system. Astaxanthin is widely used in dietary supplements, cosmetics, animal feed, and aquaculture. Increasing consumer demand for natural antioxidants is driving growth and innovation in the astaxanthin market.

Restraints: Despite its growing popularity, the astaxanthin market faces several challenges. High production costs, particularly for natural astaxanthin derived from microalgae, limit its affordability and accessibility. Complex extraction processes and the need for controlled cultivation environments add to manufacturing expenses. Regulatory barriers and varying standards across regions can hinder product approvals and market entry for new players.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Product, By Source, By Application

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered AlgalA-f Iceland ehf, ALGAMO, Algatech Ltd, Atacama Bio Natural Products S.A., Beijing Gingko Group (BGG), Cyanotech Corporation, E.I.D. a€" Parry (India) Limited, ENEOS Corporation, Fuji Chemical Industries Co., Ltd, and PIVEG, Inc.

Global Astaxanthin Market Segmentation:

By Product: Based on the Product, Global Astaxanthin Market is segmented as; Natural, Synthetic.

By Source: Based on the Source, Global Astaxanthin Market is segmented as; Dried Algae Meal or Biomass, Oil, Softgel, Liquid, Others.

By Application: Based on the Application, Global Astaxanthin Market is segmented as; Nutraceuticals, Cosmetics, Aquaculture and Animal Feed, Food, Others.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.

Product Code: HLCA25243

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Astaxanthin Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Astaxanthin Market

7. Global Astaxanthin Market, By Source (USD Million) 2021-2034

7.1. Natural
7.2. Synthetic

8. Global Astaxanthin Market, By Product (USD Million) 2021-2034

8.1. Dried Algae Meal or Biomass
8.2. Oil
8.3. Softgel
8.4. Liquid
8.5. Others

9. Global Astaxanthin Market, By Application (USD Million) 2021-2034

9.1. Nutraceuticals
9.2. Cosmetics
9.3. Aquaculture And Animal Feed
9.4. Food
9.5. Others

10. Global Astaxanthin Market, (USD Million) 2021-2034

10.1. Global Astaxanthin Market Size and Market Share

11. Global Astaxanthin Market, By Region, (USD Million) 2021-2034

11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America

12. Company Profile

12.1. AlgalA-f Iceland ehf
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
12.2. ALGAMO
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
12.3. Algatech Ltd
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
12.4. Atacama Bio Natural Products S.A.
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
12.5. Beijing Gingko Group (BGG)
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
12.6. Cyanotech Corporation
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
12.7. E.I.D. a€" Parry (India) Limited
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
12.8. ENEOS Corporation
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
12.9. Fuji Chemical Industries Co., Ltd
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
12.10. PIVEG, Inc.
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
12.11. Others