Report Synopsis
Astaxanthin is 550 times stronger than vitamin E, and 6,000 times stronger than vitamin C in regard to antioxidant power. Due to its powerful antioxidant properties, astaxanthin proved to have benefits on various health conditions including inflammation, diabetics, cardiovascular, vision and CNS conditions. Astaxanthin has been widely used in aquaculture industry for pigmentation of salmon, trout and shrimps; used for its antioxidant and other health benefits in nutraceutical industry; used in cosmetics for its skin care and anti-aging properties; and also used for fortification of foods and beverages.

The global nutraceuticals industry is estimated to have consumed the largest volume of Haematococcus pluvialis (H. pluvialis) microalgae natural astaxanthin in 2017 accounting for 54.8% which is likely to reach 190 metric tons by 2024. However, the emerging market of Food & Beverages for H. pluvialis microalgae astaxanthin consumption will witness the fastest CAGR between the period 2017 and 2024.

Research Findings & Coverage

  • Global Astaxanthin market is explored in this report with respect to key types (based on raw material source) and major end-use applications
  • The study extensively analyzes each type and end-use application by key country for all major regions globally
  • Astaxanthin from H. pluvialis Algae a Potential Key Ingredient in Sports Nutrition
  • Food and Beverages Get Supercharged with Algae Astaxanthin
  • Algae Astaxanthin Sector Posts a Scenario of Mixed Developments
  • Natural Astaxanthin’s High Cost an Impediment to its Growth in the Aqua Feed Industry
  • Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
  • Major companies profiled – 37
  • The industry guide includes the contact details for 63 companies

Product Outline
The report analyzes the market for the key types of Astaxanthin (based on raw materials) including:

  • Synthetic
  • Microalgae
  • Bacteria

Major application areas of Astaxanthin analyzed comprise the following:

  • Nutraceuticals
  • Aqua & Animal Feed
  • Cosmetics
  • Food & Beverages

Analysis Period, Units and Growth Rates

  • The report reviews, analyzes and projects the global Astaxanthin market for the period 2014-2024 in terms of volume consumption in metric tons, market value in US$ and the compound annual growth rates (CAGRs) projected from 2017 through 2024

Geographic Coverage

  • North America
  • South America
  • Europe
  • Japan
  • Asia-Pacific (Excluding Japan)
  • Rest of World