A recent market intelligence report that is published by Data Insights Partner on the global Astaxanthin Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Astaxanthin Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Astaxanthin Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Astaxanthin Market `is offered. In accordance with the report, the global Astaxanthin Market is projected to expand at a CAGR of 7.8% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Astaxanthin is a keto-carotenoid belonging to a larger class of chemical compounds known as terpenes built from five carbon precursors, isopentenyl diphosphate, and dimethylallyl diphosphate. It is a pigment found in red or pink colored aquatic organisms such as shrimp, lobster and salmon. It is used as food coloring and dietary supplement. Astaxanthin has multifarious health benefits. It helps to balance and maintain levels of cholesterol in blood, it helps prevent diabetes, heart disease and high blood pressure. It is also fund to assist heart damage repair. Astaxanthin has anti-inflammatory properties which helps in reducing pain in the muscles, joints, and tendons of patients suffering from chronic arthritis. Astaxanthin in the form of nutraceuticals can also be used to prevent the occurrence of chronic diseases, improve health, and delay the process of aging. The growing interests in the field of dermatology, skin homeostasis benefits of astaxanthin such as antioxidant, photoprotective, and anti-inflammatory effects have been introduced.
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The key driver of growth in the global astaxanthin market is significant advancement in the field of technology. Recent developments of the field include production of astaxanthin, by ALGAMO, using photo-bioreactors and micro-modules to help in reducing water wastage and saving electricity. The sealed microalgae cultivation system is a manufacturing technology that minimizes the risks associated with entrapment of foreign objects, microbial contamination, and agricultural residue, thereby increasing yield and reducing waste.
The key restraint of growth in the market of astaxanthin is the high production cost with process of extraction which serves as a prime factor of high price trends. Rigorous guidelines and regulations regarding the usage of the product in product directly consumed b human beings is another factor hindering growth of the astaxanthin market. Petroleum sourced astaxanthin is now being considered over natural sources to increase cost effectiveness.
The global demand for astaxanthin is increasing due to numerous end use applications and other functions. Astaxanthin having sources such as algae, synthetic and bacterial sources is recognized safe by GRAS. The FDA has allowed an increase in the daily serving for astaxanthin form 7.8 mg to 12 mg. recently companies have issued a new dietary ingredient petition with FDA to allow a 12 mg daily dosage to offer speedy joint recovery from strenuous exercise or physical activity and also reduce oxidative stress that causes soreness and stiffness. The Asia-Pacific region dominates the market for astaxanthin. The rising demand for fortified, healthy, and nutritious products in this region and the changing eating habits of consumers due to busy lifestyles and growing levels of disposable incomes are predicted to propel the growth of the astaxanthin market.
This market intelligence report on the global Astaxanthin market encompasses market segments based on product form, source, application, method of production and country/regions.
By product form, the global Astaxanthin Market is segregated into,
By source, the global Astaxanthin Market is segmented into,
- Natural source
o Yeast & Microbes(Haematococcus Pluvialis, Microalgae, Phaffia Yeast)
o Marine (krill)
By application, the global Astaxanthin Market is also classified into,
By method of production, the global Astaxanthin Market is also classified into,
- Microalgae Cultivation
- Chemical Synthesis
By country/region, the global Astaxanthin Market has been divided into,
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Koninklijke DSM N.V. (Netherlands)
- BASF SE (Germany)
- Cyanotech Corporation (US)
- Otsuka Pharmaceutical Co., Ltd. (Japan)
- Valensa International (US)
- Fuji Chemical Industries Co. (Japan)
- Divis Laboratories Ltd. (India)
- Beijing Ginko Group (China)
- Igene Biotechnology, Inc. (US)
- Piveg, Inc. (US)
- Fenchem Biotek Ltd. (US)
- Algatechnologies (Israel)
- Cardax, Inc. (US)
- Supreme Biotechnologies (US)
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Astaxanthin Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of the Astaxanthin Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Astaxanthin Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Valensa International (US) and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Astaxanthin caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Astaxanthin Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Astaxanthin Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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