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Astaxanthin Market  By Source (Natural, Synthetic) , By Form (Dry, Liquid) By Application (Dietary supplements, Cosmetics, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

July 2024 | 280 pages | ID: AF27351A67DBEN
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Astaxanthin Market

The astaxanthin market was valued at $0.8 billion in 2023 and is projected t%li%reach $1.6 billion by 2033, growing at a CAGR of 8.1% from 2024 t%li%2033.

Astaxanthin is a red-colored pigment that belongs t%li%the category of xanthophyll carotenoid and is present in several microorganisms and marine organisms. Astaxanthin is known for its antioxidant properties and aids in the protection of cells from free radicals. The compound is consumed in the form of supplements t%li%enhance the health of brain, eyes, & skin; regulate high cholesterol levels; and support the immune system. Moreover, astaxanthin is used in the aquaculture industry t%li%integrate pigmentation int%li%farmed trout, salmons, and shrimps. This process elevates the appearance of aquaculture products and enhances their market value.

Increase in awareness regarding fit lifestyle and importance of health supplements is a significant driver of the astaxanthin market. In addition, astaxanthin is a natural product due t%li%which it witnesses a high demand from the supplements and cosmetics industries, owing t%li%surge in inclination toward organic or natural products. In the coming future, the trend of utilizing astaxanthin in crop production is anticipated t%li%acquire notable traction. As per an article published by SpringerLink, a scientific portfolio, application of astaxanthin int%li%rice seedlings eliminates their oxidative stress, regulates their homeostatic balance, and boosts their tolerance toward salinity.

However, the potential risk of side effects, such as disturbances in digestive system, due t%li%high dosage of astaxanthin deters several individuals from its consumption and hampers the growth of the market. Furthermore, the extraction of astaxanthin from natural resources is gradually resulting in the depletion of microalgae and other marine organisms. This factor discourages the use of astaxanthin in diverse applications. Contrarily, t%li%address the challenge of resource depletion, several microalgae-producing enterprises have been established across the globe t%li%shift the production of astaxanthin int%li%laboratories. As of September 2022, the European Commission identified 87 enterprises in 17 countries of Europe. These enterprises cultivate the astaxanthin-producing microalgae using photobioreactors. The extraction of astaxanthin from these cultured microalgae offers several benefits such as decreased environmental pollution, availability of scalability opportunities, and reduced exploitation of natural resources.

Segment Review

The astaxanthin market is divided int%li%source, form, application, and region. On the basis of source, the market is bifurcated int%li%natural and synthetic. As per form, it is divided int%li%dry and liquid. Depending on application, it is classified int%li%dietary supplements, cosmetics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of source, the natural segment dominated the market in 2023.

As per form, the dry segment acquired a high stake in the market in 2023.

Depending on application, the dietary supplements segment is projected t%li%account for a high share of the market by 2033.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The key players operating in the global astaxanthin market include INNOBIO Limited, Divis Laboratories Limited, Algaecan Biotech, ALGA Technologies, Cyanotech Corporation., Otsuka Pharmaceutical Co., Cardax, Fenchem, BGG, and Fuji Chemical Industries Company Limited. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, t%li%strengthen their foothold in the competitive market.

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  • Expanded list for Company Profiles
  • Historic market data
  • SWOT Analysis
Key Market Segments

By Source
  • Natural
  • Synthetic
By Form
  • Dry
  • Liquid
By Application
  • Dietary supplements
  • Cosmetics
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • INNOBIO Limited
  • Divis Laboratories Limited
  • Algaecan Biotech
  • ALGA Technologies
  • Cyanotech Corporation.
  • Otsuka Pharmaceutical Co.
  • Cardax
  • Fenchem
  • BGG
  • Fuji Chemical Industries Company Limited
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: ATORVASTATIN CALCIUM MARKET, BY FORM

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Form
4.2. Tablets
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Others
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: ATORVASTATIN CALCIUM MARKET, BY APPLICATION

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Application
5.2. Hypercholesterolemia
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Hyperlipidemia
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Others
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: ATORVASTATIN CALCIUM MARKET, BY DISTRIBUTION CHANNEL

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Distribution Channel
6.2. Hospital Pharmacies
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Drug Store Retail Pharmacies
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Online Providers.
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country

CHAPTER 7: ATORVASTATIN CALCIUM MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Form
  7.2.3. Market Size and Forecast, By Application
  7.2.4. Market Size and Forecast, By Distribution Channel
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Atorvastatin Calcium Market
    7.2.6.1. Market Size and Forecast, By Form
    7.2.6.2. Market Size and Forecast, By Application
    7.2.6.3. Market Size and Forecast, By Distribution Channel
  7.2.7. Canada Atorvastatin Calcium Market
    7.2.7.1. Market Size and Forecast, By Form
    7.2.7.2. Market Size and Forecast, By Application
    7.2.7.3. Market Size and Forecast, By Distribution Channel
  7.2.8. Mexico Atorvastatin Calcium Market
    7.2.8.1. Market Size and Forecast, By Form
    7.2.8.2. Market Size and Forecast, By Application
    7.2.8.3. Market Size and Forecast, By Distribution Channel
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Form
  7.3.3. Market Size and Forecast, By Application
  7.3.4. Market Size and Forecast, By Distribution Channel
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Atorvastatin Calcium Market
    7.3.6.1. Market Size and Forecast, By Form
    7.3.6.2. Market Size and Forecast, By Application
    7.3.6.3. Market Size and Forecast, By Distribution Channel
  7.3.7. Germany Atorvastatin Calcium Market
    7.3.7.1. Market Size and Forecast, By Form
    7.3.7.2. Market Size and Forecast, By Application
    7.3.7.3. Market Size and Forecast, By Distribution Channel
  7.3.8. Italy Atorvastatin Calcium Market
    7.3.8.1. Market Size and Forecast, By Form
    7.3.8.2. Market Size and Forecast, By Application
    7.3.8.3. Market Size and Forecast, By Distribution Channel
  7.3.9. Spain Atorvastatin Calcium Market
    7.3.9.1. Market Size and Forecast, By Form
    7.3.9.2. Market Size and Forecast, By Application
    7.3.9.3. Market Size and Forecast, By Distribution Channel
  7.3.10. UK Atorvastatin Calcium Market
    7.3.10.1. Market Size and Forecast, By Form
    7.3.10.2. Market Size and Forecast, By Application
    7.3.10.3. Market Size and Forecast, By Distribution Channel
  7.3.11. Rest of Europe Atorvastatin Calcium Market
    7.3.11.1. Market Size and Forecast, By Form
    7.3.11.2. Market Size and Forecast, By Application
    7.3.11.3. Market Size and Forecast, By Distribution Channel
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Form
  7.4.3. Market Size and Forecast, By Application
  7.4.4. Market Size and Forecast, By Distribution Channel
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Atorvastatin Calcium Market
    7.4.6.1. Market Size and Forecast, By Form
    7.4.6.2. Market Size and Forecast, By Application
    7.4.6.3. Market Size and Forecast, By Distribution Channel
  7.4.7. Japan Atorvastatin Calcium Market
    7.4.7.1. Market Size and Forecast, By Form
    7.4.7.2. Market Size and Forecast, By Application
    7.4.7.3. Market Size and Forecast, By Distribution Channel
  7.4.8. India Atorvastatin Calcium Market
    7.4.8.1. Market Size and Forecast, By Form
    7.4.8.2. Market Size and Forecast, By Application
    7.4.8.3. Market Size and Forecast, By Distribution Channel
  7.4.9. South Korea Atorvastatin Calcium Market
    7.4.9.1. Market Size and Forecast, By Form
    7.4.9.2. Market Size and Forecast, By Application
    7.4.9.3. Market Size and Forecast, By Distribution Channel
  7.4.10. Australia Atorvastatin Calcium Market
    7.4.10.1. Market Size and Forecast, By Form
    7.4.10.2. Market Size and Forecast, By Application
    7.4.10.3. Market Size and Forecast, By Distribution Channel
  7.4.11. Rest of Asia-Pacific Atorvastatin Calcium Market
    7.4.11.1. Market Size and Forecast, By Form
    7.4.11.2. Market Size and Forecast, By Application
    7.4.11.3. Market Size and Forecast, By Distribution Channel
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Form
  7.5.3. Market Size and Forecast, By Application
  7.5.4. Market Size and Forecast, By Distribution Channel
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Atorvastatin Calcium Market
    7.5.6.1. Market Size and Forecast, By Form
    7.5.6.2. Market Size and Forecast, By Application
    7.5.6.3. Market Size and Forecast, By Distribution Channel
  7.5.7. South Africa Atorvastatin Calcium Market
    7.5.7.1. Market Size and Forecast, By Form
    7.5.7.2. Market Size and Forecast, By Application
    7.5.7.3. Market Size and Forecast, By Distribution Channel
  7.5.8. Saudi Arabia Atorvastatin Calcium Market
    7.5.8.1. Market Size and Forecast, By Form
    7.5.8.2. Market Size and Forecast, By Application
    7.5.8.3. Market Size and Forecast, By Distribution Channel
  7.5.9. Rest of LAMEA Atorvastatin Calcium Market
    7.5.9.1. Market Size and Forecast, By Form
    7.5.9.2. Market Size and Forecast, By Application
    7.5.9.3. Market Size and Forecast, By Distribution Channel

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Mylan Pharmaceuticals Inc.
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Novartis AG
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. GlaxoSmithKline Plc
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. Amgen Inc.
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Sanofi SA
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Teva Pharmaceuticals Industries Ltd
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Merck And Co. Inc.
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. Bristol-Myers Squibb Company
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. AstraZeneca Plc
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. Pfizer Inc.
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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