The impact of COVID-19 pandemic on astaxanthin demand is expected to differ in intensity depending on their end-use application and region. Sharpest declines would be expected in astaxanthin for dietary supplements, cosmetics and aqua feed sectors. Demand for astaxanthin in poultry feed and food & beverages, although less than the normal growth, is expected to be somewhat better compared to other applications.

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