Global Astaxanthin Market Research Report—Forecast till 2026

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According to statistics, the Global Astaxanthin Market is anticipated to exhibit a CAGR of 7.7% to reach USD 1,206.52 Million during the forecast period.

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Global Astaxanthin Market Research Report—Forecast till 2026

Market Overview
According to statistics, the Global Astaxanthin Market is anticipated to exhibit a CAGR of 7.7% to reach USD 1,206.52 Million during the forecast period. Astaxanthin is a reddish pigment from the family of chemicals called carotenoids. It is available naturally in certain algae and causes the pink or red color in salmon, trout, lobster, shrimp, and other seafood. Astaxanthin is applicable in various industries, including food and beverages, animal feed, and pharmaceuticals, and nutraceuticals. Additionally, it is widely used in food and beverages, animal feed, pharmaceuticals, nutraceuticals, and personal care, majorly as an antioxidant and food colorant.
Global Astaxanthin Market is expected to register a significant market growth during the forecast period owing to the wide application area of astaxanthin in both natural and synthetic segments. The surge in the aquaculture industry is another factor boosting the sale of astaxanthin in the animal feed industry. Furthermore, the increasing demand for natural astaxanthin is estimated to create lucrative growth opportunities for the major active players in the global astaxanthin market. However, the high cost of the production of astaxanthin from different natural sources is expected to restrain the growth of the global market during the review period.

Market Segmentation
Global Astaxanthin Market has been categorized based on Source, Form, and application. Based on source segment the global market has been classified into Synthetic, Natural, Marine, Yeast & Microbes, and Plants.
In terms of form type, the market has been bifurcated into Dry and Liquid forms.
Based on Application the global Astaxanthin Market has been segmented into Food & Beverages, Pharmaceutical and Nutraceuticals, Animal Feed, Personal Care, and Others. The food and beverages segment is further divided into Bakery & Confectionery, Beverages, Dairy and Frozen Desserts, and Others.
Regional Analysis
Geographically, the Global Astaxanthin Market has been spread across North America, Europe, Asia-Pacific, and the Rest of the World.
Asia-Pacific is anticipated to dominate the global astaxanthin market owing to the largest market share of 32.39% in 2019. The regional market growth is driven by the growing production and consumption of nutraceuticals and the largest market of animal feed in the region. Europe is expected to register a second largest market during the review period owing to the presence of the major manufacturers of astaxanthin. The regional market is attributed to the rising consumption of functional beverages or nutraceuticals in European countries. North America is evaluated to exhibit the fastest-growing region for the significant share of the Astaxanthin the review period.
Major Players
The Key Players operating in the Global Astaxanthin Market include Cardax, Inc. (US), BASF SE (Germany, Alga Technologies (Israel), Archer-Daniels-Midland Company (US), Koninklijke DSM N.V. (Netherlands), Cyanotech Corporation (US), Beijing Gingko Group (China), Fuji Chemical Industries Co., Ltd (Japan), Fenchem (China), and Otsuka Holdings Co., Ltd (Japan).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL ASTAXANTHIN MARKET, BY SOURCE 16

1.1.2 GLOBAL ASTAXANTHIN MARKET, BY FORM 17

1.1.3 GLOBAL ASTAXANTHIN MARKET, BY APPLICATION 18

1.1.4 GLOBAL ASTAXANTHIN MARKET, BY REGION 19

2 MARKET INTRODUCTION
2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 21

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 24

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 30

5.2 DRIVERS 31

5.2.1 WIDE RANGE OF APPLICATIONS 31

5.2.2 GROWTH OF THE AQUACULTURE INDUSTRY 31

5.2.3 INCREASING FOCUS ON PREVENTIVE HEALTHCARE 32

5.2.4 DRIVERS IMPACT ANALYSIS 32

5.3 RESTRAINT 33

5.3.1 HIGH COST OF PRODUCTION 33

5.3.2 RESTRAINT IMPACT ANALYSIS 33

5.4 OPPORTUNITY 33

5.4.1 RISING DEMAND FOR NATURAL INGREDIENTS IN END-USE INDUSTRIES 33

6 MARKET FACTOR ANALYSIS
6.1 VALUE CHAIN ANALYSIS 34

6.1.1 ALGAE CULTIVATION 36

6.1.2 PROCESSING 36

6.1.3 PACKAGING 36

6.2 SUPPLY CHAIN ANALYSIS 37

6.3 PORTER’S FIVE FORCES MODEL 38

6.3.1 THREAT OF NEW ENTRANTS 39

6.3.2 BARGAINING POWER OF SUPPLIERS 39

6.3.3 BARGAINING POWER OF BUYERS 39

6.3.4 THREAT OF SUBSTITUTES 39

6.3.5 RIVALRY 39

6.4 IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL ASTAXANTHIN MARKET 40

7 GLOBAL ASTAXANTHIN MARKET, BY SOURCE
7.1 OVERVIEW 42

7.1.1 GLOBAL ASTAXANTHIN MARKET ESTIMATES & FORECAST, BY SOURCE, 2018–2026 43

7.2 SYNTHETIC 43

7.2.1 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 44

7.3 NATURAL 44

7.3.1 NATURAL: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 44

8 GLOBAL ASTAXANTHIN MARKET, BY FORM
8.1 OVERVIEW 45

8.1.1 GLOBAL ASTAXANTHIN MARKET ESTIMATES & FORECAST, BY FORM, 2018–2026 46

8.2 DRY 46

8.2.1 DRY: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 46

8.3 LIQUID 47

8.3.1 LIQUID: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 47

9 GLOBAL ASTAXANTHIN MARKET, BY APPLICATION
9.1 OVERVIEW 48

9.1.1 GLOBAL ASTAXANTHIN MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018–2026 49

9.2 FOOD AND BEVERAGES 49

9.2.1 FOOD AND BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 50

9.3 PHARMACEUTICAL AND NUTRACEUTICALS 50

9.3.1 PHARMACEUTICAL AND NUTRACEUTICALS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 50

9.4 ANIMAL FEED 51

9.4.1 ANIMAL FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 51

9.5 PERSONAL CARE 51

9.5.1 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 52

10 GLOBAL ASTAXANTHIN MARKET, BY REGION
10.1 OVERVIEW 53

10.2 NORTH AMERICA 55

10.2.1 US 57

10.2.2 CANADA 59

10.2.3 MEXICO 60

10.3 EUROPE 62

10.3.1 GERMANY 64

10.3.2 UK 66

10.3.3 FRANCE 67

10.3.4 SPAIN 69

10.3.5 ITALY 70

10.3.6 REST OF EUROPE 72

10.4 ASIA-PACIFIC 74

10.4.1 CHINA 76

10.4.2 JAPAN 78

10.4.3 INDIA 79

10.4.4 AUSTRALIA & NEW ZEALAND 81

10.4.5 REST OF ASIA-PACIFIC 82

10.5 REST OF THE WORLD 84

10.5.1 SOUTH AMERICA 86

10.5.2 MIDDLE EAST 88

10.5.3 AFRICA 89

11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION 91

11.1.1 MARKET STRATEGY ANALYSIS 91

11.2 COMPETITIVE BENCHMARKING 92

11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 93

11.3.1 PRODUCT LAUNCH 93

11.3.2 EXPANSIONS 93

11.3.3 AGREEMENT 94

11.3.4 PARTNERSHIP 94

11.3.5 ACQUISITION 94

12 COMPANY PROFILES
12.1 CARDAX, INC. 95

12.1.1 COMPANY OVERVIEW 95

12.1.2 FINANCIAL OVERVIEW 95

12.1.3 PRODUCTS OFFERED 96

12.1.4 KEY DEVELOPMENTS 96

12.1.5 KEY STRATEGIES 96

12.2 BASF SE 97

12.2.1 COMPANY OVERVIEW 97

12.2.2 FINANCIAL OVERVIEW 97

12.2.3 PRODUCTS OFFERED 98

12.2.4 KEY DEVELOPMENTS 98

12.2.5 SWOT ANALYSIS 98

12.2.6 KEY STRATEGIES 99

12.3 ALGA TECHNOLOGIES 100

12.3.1 COMPANY OVERVIEW 100

12.3.2 FINANCIAL OVERVIEW 100

12.3.3 PRODUCTS OFFERED 100

12.3.4 KEY DEVELOPMENTS 100

12.3.5 KEY STRATEGIES 101

12.4 ARCHER-DANIELS-MIDLAND COMPANY 102

12.4.1 COMPANY OVERVIEW 102

12.4.2 FINANCIAL OVERVIEW 102

12.4.3 PRODUCTS OFFERED 103

12.4.4 KEY DEVELOPMENTS 103

12.4.5 KEY STRATEGIES 103

12.5 KONINKLIJKE DSM N.V. 104

12.5.1 COMPANY OVERVIEW 104

12.5.2 FINANCIAL OVERVIEW 104

12.5.3 PRODUCTS OFFERED 105

12.5.4 KEY DEVELOPMENTS 105

12.5.5 SWOT ANALYSIS 106

12.5.6 KEY STRATEGIES 106

12.6 CYANOTECH CORPORATION 107

12.6.1 COMPANY OVERVIEW 107

12.6.2 FINANCIAL OVERVIEW 107

12.6.3 PRODUCTS OFFERED 108

12.6.4 KEY DEVELOPMENTS 108

12.6.5 SWOT ANALYSIS 108

12.6.6 KEY STRATEGIES 109

12.7 BEIJING GINGKO GROUP 110

12.7.1 COMPANY OVERVIEW 110

12.7.2 FINANCIAL OVERVIEW 110

12.7.3 PRODUCTS OFFERED 110

12.7.4 KEY DEVELOPMENTS 110

12.7.5 SWOT ANALYSIS 111

12.7.6 KEY STRATEGIES 111

12.8 FUJI CHEMICAL INDUSTRIES CO., LTD. 112

12.8.1 COMPANY OVERVIEW 112

12.8.2 FINANCIAL OVERVIEW 112

12.8.3 PRODUCTS OFFERED 112

12.8.4 KEY DEVELOPMENTS 112

12.8.5 KEY STRATEGIES 112

12.9 FENCHEM 113

12.9.1 COMPANY OVERVIEW 113

12.9.2 FINANCIAL OVERVIEW 113

12.9.3 PRODUCTS OFFERED 113

12.9.4 KEY DEVELOPMENTS 113

12.9.5 KEY STRATEGIES 113

12.10 OTSUKA HOLDINGS CO., LTD 114

12.10.1 COMPANY OVERVIEW 114

12.10.2 FINANCIAL OVERVIEW 114

12.10.3 PRODUCTS OFFERED 115

12.10.4 KEY DEVELOPMENTS 115

12.10.5 SWOT ANALYSIS 116

12.10.6 KEY STRATEGIES 116

13 REFERENCES

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