Astaxanthin Market size to grow at a CAGR of over 7% from 2016 to 2023 - PowerPoint PPT Presentation

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Astaxanthin Market size to grow at a CAGR of over 7% from 2016 to 2023


Astaxanthin Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023 – PowerPoint PPT presentation

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Title: Astaxanthin Market size to grow at a CAGR of over 7% from 2016 to 2023

Astaxanthin Market size to grow at a CAGR of over
7 from 2016 to 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
Regional Analysis of Astaxanthin Market
  • Aquafeed dominated the end-use industry demand
    and accounted for more than 40 of the total
    volume in 2014. U.S. is the dominant producer and
    accounts for more than 30 of the installed
  • Global aquafeed market size was worth over USD 69
    billion in 2014 and is likely to grow at a CAGR
    of above 11 from 2016 to 2023.
  • Haematococcus pluvailis represents the richest
    source of the product by accounting for over 3
    of astaxanthin, primarily in esterified form. It
    is also approved in Japan as pigment used for
    fish feeds. It is also approved by the U.S. FDA
    for dietary supplements and also approved in
    several European regions for human consumption.

Application Analysis of Astaxanthin Market
  • Increase in nutraceutical demand owing to
    consumer health benefits and nutrition is likely
    to drive astaxanthin market growth trend over the
    forecast period. Nutraceutical is likely to be
    the fastest growing application for this market.
  • It is considered as a powerful anti-oxidant
    compared to beta carotene, lutein and lycopne.
  • It is also much more effective for neutralizing
    free radical and proves to be beneficial. It
    provides health benefits such as immune system
    boost, cardiovascular disease and cataract
  • Increasing demand for skin care anti-ageing
    care products such as peels, creams and masks are
    likely to drive demand for cosmetic applications.
    It is reported to have multiple skin benefits and
    prove to be more effective than vitamin C.

Competitive Market Share of Astaxanthin Market
  • Production is concentrated in few countries which
    include the U.S., Israel, Japan and India.
  • The U.S. is likely to be the dominant supplier
    over the forecast period. Japan, Israel India
    are witnessing huge import demand and are likely
    to increase market presence.
  • Global synthetic astaxanthin market share is
    concentrated with DSM occupying the dominant
  • Major companies have invested in many countries
    to enhance market position by establishing a
    distribution network along with supply chain
    agreements. Other major industry participants
    include ADM, Phasex Corporation, Cyanotech
    Corporation, Viva Labsa and Otsuka Pharmaceutical.


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