Global Astaxanthin Market Trends, Drivers, Opportunities and Challenges to 2023 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Astaxanthin Market - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global astaxanthin market is expected to register a CAGR of 7.8% during the forecast period (2018-2023).

The global astaxanthin market is driven by it increased application in nutraceutical products including supplements, food and beverage, due to its properties like high anti-oxidants content which helps to enhance the health of skin, muscle, eye and others.

Further, multiple use of astaxanthin like enhancing the color of certain fishes like salmon, trout, is also contributing to the growth of the market.

However, the use of advanced technologies and heavy dependence on natural resources to cultivate astaxanthin leads to a greater production cost, which is expected to restrain the growth of the market as only financially strong players can enter this market.

Expansion of present facilities, development in the product composition to make it suitable for increased applications in food, beverages and other industries, and incorporation of innovative technologies towards the manufacture of astaxanthin are expected to help the companies achieve a greater market share in the global market during the forecast period.

Astaxanthin powder is the most used form of the ingredient as it is relatively cheaper than others and is used widely in animal and aqua feed. Haematococcus Pluvaialis Microalgae is the primary source of producing astaxanthin as it contains the highest level of the astaxanthin and regrows at a very fast rate.

Natural products manufacturer NOW Foods together with Algae Health Sciences, Inc., a subsidiary of BGG, introduced Astaxanthin capsules containing astaZine natural astaxanthin sourced from organic haematococcus pluvialis microalgae. The capsules is featured as organic, certified vegan, non-GMO project verified, halal, and kosher.

Key Topics Covered

1. Introduction

2. Market Insights

3. Market Dynamics

4. Market Segmentation

5. Regional Market Analysis

6. Competitive Landscape

7. Company Profiles

• BGG (Beijing Ginko Group)
• KeyNatura
• Valensa International
• AstaReal Holdings Co. Ltd.
• Koninklijke DSM N.V.
• Piveg Inc.
• AstaSupreme
• JXTG Group

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