January 12th, 2023
The Astaxanthin Market was valued at USD 665.25 Million in 2021 and is expected to reach USD 1177.59Million by the year 2028, at a CAGR of 8.5%.
Astaxanthin refers to that a reddish-brown pigment, belonging to a group of chemicals known as the xanthophyll category of carotenoids. It generally occurs naturally in some algae and lends the red or pink color in trout, salmon, shrimps, lobsters, and other seafood. A short while ago, yeast/fungi-based and synthetic astaxanthin have also received remarkably fame. Moreover, Astaxanthin stability was evaluated in different carriers and storage environments. Astaxanthin was obtained from Haematococcus and its stability in different edible oils was governed. Astaxanthin was immovable or secure at 70–90 °C in rice bran, gingelly, and palm oils with 84%–90% of retention of astaxanthin content which can be utilized in food and beverages, aquaculture and animal feed, pharmaceutical and nutraceutical applications, whereas astaxanthin content was brought down at 120 and 150 °C. Furthermore, astaxanthin is generally consumed orally and helps cure various chronic ailments. It has been highly employed to treat Alzheimer's disease, Parkinson's disease, liver malfunctions, high cholesterol, and macular degeneration.
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The Astaxanthin report offers a better understanding of the market, which aids in the development of products and marketing initiatives to more precisely target the target market. A market research report can decrease risk and save time and money. This business report will be highly beneficial for increasing the company's industry expertise, developing new advertising and marketing strategies, and identifying the demographics that need to be targeted. In order to ensure that businesses are effectively receiving the crucial information required, the Astaxanthin market report has the best research offerings and the necessary expertise. This is true regardless of whether businesses are looking for new product trends or competitive analysis of an existing or emerging market.
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Key Prominent Players In The Astaxanthin Market:
· BASF SE
· Cyanotech Corporation
· Algae to Omega
· Wellgreen Technology
· ALGA Technologies
· EID-Parry Ltd
· IGENE Biotechnology
· MicroA AS
· JX Nippon Oil
· Energy Corporation
· Astareal Inc.
· Kunming biogenic
· Divis Laboratories ltd.
· Otsuka Pharmaceuticals And Others Major Players
Segmentation of The Astaxanthin Market
This report has explored the key segments: by Product Type, By Form, By Application, and by Region. The lucrativeness and growth potential have been looked into by the industry experts in this report.
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
The report makes inclusion of vital information such as market size, growth rate, and valuation of each segmental, regional and country level market, and growth opportunities in related niche market segments. This information has been incorporated after a thorough study of primary and secondary sources.
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The scope of the Report:
The report segments the global Astaxanthin Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Astaxanthin Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Essential points covered in Astaxanthin Market report are: -
· What will the market size and the growth rate be in 2028?
· What are the key growth stimulants of Astaxanthin Market?
· What are the key market trends impacting Astaxanthin Market valuation?
· What are the challenges to market proliferation?
· Who are the key vendors in the Astaxanthin Market?
· Which are the leading companies contributing to Astaxanthin Market valuation?
· What was the market share held by each region in 2028?
· What is the estimated growth rate and valuation of the Astaxanthin Market in 2028?
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