Volume consumption of Astaxanthin in Asia-Pacific is slated to post the fastest corresponding period CAGR and reach a projected 90 metric tons by 2026. Impacted by COVID-19 pandemic, demand for astaxanthin across the globe is forecast to decline in 2020, with North America being hit hardest by the pandemic registering a negative YOY growth of 9.7%, followed by South America, Japan and Asia-Pacific in 2020 compared to 2019.
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
- H. pluvialis Microalgae Astaxanthin Safety in Food Supplements Reaffirmed by the European Food Safety Authority
- Food and Beverages Get Supercharged with Algae Astaxanthin
- Natural Astaxanthin´s High Cost an Impediment to its Growth in the Aqua Feed Industry
- Synthetic Astaxanthin Supplements Raise Concerns for Natural Astaxanthin Manufacturers
- Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
- Major companies profiled – 58
- The industry guide includes the contact details for 69 companies
Product Outline
The report analyzes the market for the key types of Astaxanthin (based on raw materials) including:
- Synthetic
- Haematococcus pluvialis Microalgae
- Paracoccus carotinifaciens Bacteria
Major application areas of Astaxanthin analyzed in this study 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 2017-2026 in terms of volume consumption in metric tons, market value in US$ and the compound annual growth rates (CAGRs) projected from 2019 through to 2026 with a special focus on y-o-y growth for 2019-2020
Geographic Coverage
- Synthetic Astaxanthin
- North America (United States, Canada and Mexico)
- South America (Chile, Peru and Rest of South America)
- Europe (Norway, The United Kingdom and Rest of Europe)
- Asia-Pacific (China, Japan, Australia and Rest of Asia-Pacific)
- Rest of World
- Haematococcus pluvialis Microalgae
- North America (United States and Canada)
- South America
- Europe
- Japan
- Asia-Pacific (excluding Japan)
- Rest of World
- Paracoccus carotinifaciens Bacteria
- North America
- Europe
- Japan
- Chile