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Astaxanthin - Global Market Outlook (2020-2028)

May 2021 | 150 pages | ID: AD6CD74FCE5EN
Stratistics Market Research Consulting

US$ 4,150.00

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According to Stratistics MRC, the Global Astaxanthin Market is accounted for $695.94 million in 2020 and is expected to reach $1,356.47 million by 2028 growing at a CAGR of 8.7% during the forecast period. Factors such as increasing demand for cosmetic products, growing preference for dietary supplements, increasing prevalence of diabetes and cardiovascular diseases are driving the growth of the market. However, stringent guidelines regarding the product usage in various human consumption products are hampering the growth of the market.

Astaxanthin is a reddish keto carotenoid pigment that occurs in microalgae, yeast, trout, shrimp, and other sea creatures. It is regarded as a potential antioxidant that has proven its ability to protect human cells from inflammation and oxidation. It is over 500 times stronger than vitamin E and is much more effective than other carotenoids such as lutein and lycopene.

Based on the source, the natural source segment is going to have a lucrative growth during the forecast period owing to the increasing demand for natural food supplements coupled with the high yield of carotenoids. By geography, Asia Pacific is expected to grow at a faster rate during the forecast period due to the growing awareness about astaxanthin among healthcare professionals and the existence of a large population suffering from nutritional deficiency.

Some of the key players profiled in the Astaxanthin Market include BASF SE, Fuji Chemical Industries Co Ltd, Koninklijke DSM N.V., Cyanotech Corporation, Divis Laboratories Ltd, Otsuka Pharmaceutical Co Ltd, Algatechnologies, Valensa International, Supreme Biotechnologies, Igene Biotechnology Inc, AstaReal, Piveg Inc, Cardax Inc, Beijing Ginko Group (BGG), and Fenchem Biotek Ltd.

Sources Covered:
  • Natural Source
  • Petroleum (Synthetic)
Grades Covered:
  • < 94%
  • 95-97%
  • > 98%
Methods of Production Covered:
  • Bacterial Fermentation
  • Chemical Synthesis
Forms Covered:
  • Dry
  • Liquid
Products Covered:
  • Powder
  • Tablet
  • Dried Algae Meal or Biomass
  • Carotenoid Complexes
  • Emulsion
  • Oil or Oleoresin
  • Soft Gel
  • Energy Drinks
Applications Covered:
  • Pharmaceuticals
  • Nutraceuticals
  • Personal Care & Cosmetics
  • Food & Beverage
  • Animal Feed
  • General Wellbeing
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL ASTAXANTHIN MARKET, BY SOURCE

5.1 Introduction
5.2 Natural Source
  5.2.1 Plants
  5.2.2 Marine
    5.2.2.1 Sea Urchin Gonads
    5.2.2.2 Crustaceans
      5.2.2.2.1 Crabs & Lobsters
      5.2.2.2.2 Prawns & Crawfish
      5.2.2.2.3 Shrimps
  5.2.3 Algae and Microalgae
    5.2.3.1 Haematococcus Pluvialis
    5.2.3.2 Chlorococcum
    5.2.3.3 Chlorella Zofingiensis
    5.2.3.4 Schizocytrium Genus
    5.2.3.5 Yeast/Fungi
    5.2.3.6 Paracoccus Carotinifaciens
5.3 Petroleum (Synthetic)

6 GLOBAL ASTAXANTHIN MARKET, BY GRADE

6.1 Introduction
6.2 < 94%
6.3 95-97%
6.4 > 98%

7 GLOBAL ASTAXANTHIN MARKET, BY METHOD OF PRODUCTION

7.1 Introduction
7.2 Bacterial Fermentation
7.3 Chemical Synthesis
  7.3.1 Microalgae Cultivation
  7.3.2 Drying
  7.3.3 Harvesting
  7.3.4 Astaxanthin Extraction

8 GLOBAL ASTAXANTHIN MARKET, BY FORM

8.1 Introduction
8.2 Dry
8.3 Liquid

9 GLOBAL ASTAXANTHIN MARKET, BY PRODUCT

9.1 Introduction
9.2 Powder
  9.2.1 Cold Water Dispersible (CWD) Powder
  9.2.2 Microencapsulated Powder or Beadlets
9.3 Tablet
9.4 Dried Algae Meal or Biomass
9.5 Carotenoid Complexes
9.6 Emulsion
9.7 Oil or Oleoresin
9.8 Soft Gel
9.9 Energy Drinks

10 GLOBAL ASTAXANTHIN MARKET, BY APPLICATION

10.1 Introduction
10.2 Pharmaceuticals
10.3 Nutraceuticals
  10.3.1 Functional Foods
  10.3.2 Dietary Supplements
10.4 Personal Care & Cosmetics
  10.4.1 Skin Care
  10.4.2 Hair Care
10.5 Food & Beverage
  10.5.1 Bakery & Confectionery
  10.5.2 Dairy and Frozen Desserts
10.6 Animal Feed
  10.6.1 Aquaculture
  10.6.2 Livestock
  10.6.3 Pets
10.7 General Wellbeing
  10.7.1 Eye Health
  10.7.2 Brain Health
  10.7.3 Immune & Digestive Health
  10.7.4 Bone & Joint Health
  10.7.5 Heart Health
  10.7.6 Weight Loss
  10.7.7 Allergies

11 GLOBAL ASTAXANTHIN MARKET, BY GEOGRAPHY

11.1 Introduction
11.2 North America
  11.2.1 US
  11.2.2 Canada
  11.2.3 Mexico
11.3 Europe
  11.3.1 Germany
  11.3.2 UK
  11.3.3 Italy
  11.3.4 France
  11.3.5 Spain
  11.3.6 Rest of Europe
11.4 Asia Pacific
  11.4.1 Japan
  11.4.2 China
  11.4.3 India
  11.4.4 Australia
  11.4.5 New Zealand
  11.4.6 South Korea
  11.4.7 Rest of Asia Pacific
11.5 South America
  11.5.1 Argentina
  11.5.2 Brazil
  11.5.3 Chile
  11.5.4 Rest of South America
11.6 Middle East & Africa
  11.6.1 Saudi Arabia
  11.6.2 UAE
  11.6.3 Qatar
  11.6.4 South Africa
  11.6.5 Rest of Middle East & Africa

12 KEY DEVELOPMENTS

12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 COMPANY PROFILING

13.1 BASF SE
13.2 Fuji Chemical Industries Co Ltd
13.3 Koninklijke DSM N.V.
13.4 Cyanotech Corporation
13.5 Divis Laboratories Ltd
13.6 Otsuka Pharmaceutical Co Ltd
13.7 Algatechnologies
13.8 Valensa International
13.9 Supreme Biotechnologies
13.10 Igene Biotechnology Inc
13.11 AstaReal
13.12 Piveg Inc
13.13 Cardax Inc
13.14 Beijing Ginko Group (BGG)
13.15 Fenchem Biotek Ltd

LIST OF TABLES

Table 1 Global Astaxanthin Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Astaxanthin Market Outlook, By Source (2019-2028) ($MN)
Table 3 Global Astaxanthin Market Outlook, By Natural Source (2019-2028) ($MN)
Table 4 Global Astaxanthin Market Outlook, By Plants (2019-2028) ($MN)
Table 5 Global Astaxanthin Market Outlook, By Marine (2019-2028) ($MN)
Table 6 Global Astaxanthin Market Outlook, By Algae and Microalgae (2019-2028) ($MN)
Table 7 Global Astaxanthin Market Outlook, By Petroleum (Synthetic) (2019-2028) ($MN)
Table 8 Global Astaxanthin Market Outlook, By Grade (2019-2028) ($MN)
Table 9 Global Astaxanthin Market Outlook, By < 94% (2019-2028) ($MN)
Table 10 Global Astaxanthin Market Outlook, By 95-97% (2019-2028) ($MN)
Table 11 Global Astaxanthin Market Outlook, By > 98% (2019-2028) ($MN)
Table 12 Global Astaxanthin Market Outlook, By Method of Production (2019-2028) ($MN)
Table 13 Global Astaxanthin Market Outlook, By Bacterial Fermentation (2019-2028) ($MN)
Table 14 Global Astaxanthin Market Outlook, By Chemical Synthesis (2019-2028) ($MN)
Table 15 Global Astaxanthin Market Outlook, By Microalgae Cultivation (2019-2028) ($MN)
Table 16 Global Astaxanthin Market Outlook, By Drying (2019-2028) ($MN)
Table 17 Global Astaxanthin Market Outlook, By Harvesting (2019-2028) ($MN)
Table 18 Global Astaxanthin Market Outlook, By Astaxanthin Extraction (2019-2028) ($MN)
Table 19 Global Astaxanthin Market Outlook, By Form (2019-2028) ($MN)
Table 20 Global Astaxanthin Market Outlook, By Dry (2019-2028) ($MN)
Table 21 Global Astaxanthin Market Outlook, By Liquid (2019-2028) ($MN)
Table 22 Global Astaxanthin Market Outlook, By Product (2019-2028) ($MN)
Table 23 Global Astaxanthin Market Outlook, By Powder (2019-2028) ($MN)
Table 24 Global Astaxanthin Market Outlook, By Cold Water Dispersible (CWD) Powder (2019-2028) ($MN)
Table 25 Global Astaxanthin Market Outlook, By Microencapsulated Powder or Beadlets (2019-2028) ($MN)
Table 26 Global Astaxanthin Market Outlook, By Tablet (2019-2028) ($MN)
Table 27 Global Astaxanthin Market Outlook, By Dried Algae Meal or Biomass (2019-2028) ($MN)
Table 28 Global Astaxanthin Market Outlook, By Carotenoid Complexes (2019-2028) ($MN)
Table 29 Global Astaxanthin Market Outlook, By Emulsion (2019-2028) ($MN)
Table 30 Global Astaxanthin Market Outlook, By Oil or Oleoresin (2019-2028) ($MN)
Table 31 Global Astaxanthin Market Outlook, By Soft Gel (2019-2028) ($MN)
Table 32 Global Astaxanthin Market Outlook, By Energy Drinks (2019-2028) ($MN)
Table 33 Global Astaxanthin Market Outlook, By Application (2019-2028) ($MN)
Table 34 Global Astaxanthin Market Outlook, By Pharmaceuticals (2019-2028) ($MN)
Table 35 Global Astaxanthin Market Outlook, By Nutraceuticals (2019-2028) ($MN)
Table 36 Global Astaxanthin Market Outlook, By Functional Foods (2019-2028) ($MN)
Table 37 Global Astaxanthin Market Outlook, By Dietary Supplements (2019-2028) ($MN)
Table 38 Global Astaxanthin Market Outlook, By Personal Care & Cosmetics (2019-2028) ($MN)
Table 39 Global Astaxanthin Market Outlook, By Skin Care (2019-2028) ($MN)
Table 40 Global Astaxanthin Market Outlook, By Hair Care (2019-2028) ($MN)
Table 41 Global Astaxanthin Market Outlook, By Food & Beverage (2019-2028) ($MN)
Table 42 Global Astaxanthin Market Outlook, By Bakery & Confectionery (2019-2028) ($MN)
Table 43 Global Astaxanthin Market Outlook, By Dairy and Frozen Desserts (2019-2028) ($MN)
Table 44 Global Astaxanthin Market Outlook, By Animal Feed (2019-2028) ($MN)
Table 45 Global Astaxanthin Market Outlook, By Aquaculture (2019-2028) ($MN)
Table 46 Global Astaxanthin Market Outlook, By Livestock (2019-2028) ($MN)
Table 47 Global Astaxanthin Market Outlook, By Pets (2019-2028) ($MN)
Table 48 Global Astaxanthin Market Outlook, By General Wellbeing (2019-2028) ($MN)
Table 49 Global Astaxanthin Market Outlook, By Eye Health (2019-2028) ($MN)
Table 50 Global Astaxanthin Market Outlook, By Brain Health (2019-2028) ($MN)
Table 51 Global Astaxanthin Market Outlook, By Immune & Digestive Health (2019-2028) ($MN)
Table 52 Global Astaxanthin Market Outlook, By Bone & Joint Health (2019-2028) ($MN)
Table 53 Global Astaxanthin Market Outlook, By Heart Health (2019-2028) ($MN)
Table 54 Global Astaxanthin Market Outlook, By Weight Loss (2019-2028) ($MN)
Table 55 Global Astaxanthin Market Outlook, By Allergies (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


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