Astaxanthin Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Astaxanthin market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Astaxanthin Market report is anticipated to register a CAGR of 7.8% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Astaxanthin Market are –
- BGG (Beijing Ginko Group)-KeyNatura-Valensa International-AstaReal Holdings Co.
- Ltd.-Koninklijke Dsm N.V.- Piveg
- Inc.-AstaSupreme-JXTG Group
The global astaxanthin market is expected to register a CAGR of 7.8% during the forecast period (20182023), due to the growing demand for natural astaxanthin from multiple sectors like nutraceutical, drugs and cosmetic. Also, the unique color and properties associated with astaxanthin has led to its increased use in commercial aquacultures, food coloring and others.
The global astaxanthin market is driven by it increased application in nutraceutical products including supplements, food and beverage, due to its properties like high anti-oxidants content which helps to enhance the health of skin, muscle, eye and others. Further, multiple use of astaxanthin like enhancing the color of certain fishes like salmon, trout, is also contributing to the growth of the market.
However, the use of advanced technologies and heavy dependence on natural resources to cultivate astaxanthin leads to a greater production cost, which is expected to restrain the growth of the market as only financially strong players can enter this market.
Expansion of present facilities, development in the product composition to make it suitable for increased applications in food, beverages and other industries, and incorporation of innovative technologies towards the manufacture of astaxanthin are expected to help the companies achieve a greater market share in the global market during the forecast period.
The market is segmented on the basis of source, form and application. Astaxanthin powder is the most used form of the ingredient as it is relatively cheaper than others and is used widely in animal and aqua feed. Haematococcus Pluvaialis Microalgae is the primary source of producing astaxanthin as it contains the highest level of the astaxanthin and regrows at a very fast rate.
Regional Market Analysis
North America is observed to the biggest consumer of astaxanthin, due to the presence of a well-established nutraceutical industry and existence of greater health-concerned consumers. Further, institutions like Natural Algae Astaxanthin Association (NAXA) in North America, are creating awareness about health benefits of astaxanthin, which in turn is leading to greater use of the ingredient in this region.
November 2017 – Natural products manufacturer NOW Foods together with Algae Health Sciences, Inc., a subsidiary of BGG, introduced Astaxanthin capsules containing astaZine natural astaxanthin sourced from organic haematococcus pluvialis microalgae. The capsules is featured as organic, certified vegan, non-GMO project verified, halal, and kosher.
Major players – AstaReal Holdings Co., Ltd., AstaSupreme, BGG (Beijing Ginko Group), JXTG Group, KeyNatura, Koninklijke Dsm N.V., Piveg, Inc. and Valensa International among others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information,
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Scope of the Report:
The report analyses Astaxanthin market, which includes –
- Analysis of the growth of Astaxanthin market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Astaxanthin market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Astaxanthin market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Astaxanthin market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Astaxanthin Market Report:
- Varying dynamics of the Astaxanthin industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Astaxanthin market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Astaxanthin market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Astaxanthin Market Report:
- The report analyses how stringent emission control norms will drive the global Astaxanthin market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Astaxanthin market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Astaxanthin:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Astaxanthin Market Report @ https://www.360marketupdates.com/TOC/12887855,TOC
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