The global astaxanthin market is estimated to witness significant growth during the forecast period. Astaxanthin is a powerful and natural reddish pigment, and it is a keto-carotenoid. Astaxanthins are mainly found in trout, microalgae, yeast, and shrimp, among other sea creatures, most commonly it is found in Pacific salmon. Astaxanthins have many health benefits. ” Researchers have found that astaxanthin is 500 times stronger than vitamin E and other carotenoids such as lutein, lycopene, and ?-carotene. Astaxanthin is taken orally, it is used for the treatment of astaxanthin is taken by mouth for treating Alzheimer's disease, Parkinson's disease, stroke, high cholesterol, liver diseases, age-related macular degeneration (age-related vision loss), and others

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Astaxanthin is used as an antioxidant, it is linked to improving blood flow and lowering oxidative stress in overweight and smoker people. For this antioxidant property of astaxanthin, researchers claim that soon astaxanthin might help to treat various cancers. Astaxanthin also used to promote healthy skin. It helps to smooth wrinkles, make age spots smaller, and help maintain skin moisture. Astaxanthin is used as an exercise supplement too. It helps to boost the body’s use of fatty acids, to endurance, and prevent muscle and skeletal damage. Astaxanthin helps heart health too, it helps to lower cholesterol level. Arthritis patients can also consume astaxanthin, astaxanthin able to reduce inflammation and pain symptoms related to arthritis. Astaxanthin helps to improve male fertility, it helps to improve sperm count and sperm motility. All these benefits on human health are expected to create enormous opportunities for the astaxanthin market in the near future.

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Technological innovations are one of the factors, that are propelling the growth of the global astaxanthin market. In February 2019, Algatechnologies Ltd. launched AstaPure Arava, it is astaxanthin in whole-food format. This pure, whole-food form contains all of the naturally occurring constituents of healthful Haematococcus Pluvialis algae. In May 2018, Algatechnologies Ltd. made a partnership with Israeli-Italian innovation astaxanthin manufacturer and R&D firm partner for novel delivery formats, and the first production from the collaboration is a water-soluble powder, a form of AstaPure. In November 2018, AstaReal Inc. launched a gummy supplement formulated with 4 mg of its AstaReal astaxanthin. AstaReal astaxanthin improves muscle endurance through its ability to support muscle function and improve aerobic power.
Global Astaxanthin Market Segmentation
By Product

• Powder
• Capsules and Softgel
• Tablets
• Liquid and Oil
• Other

By Application

• Nutraceuticals
• Cosmetics
• Aquaculture and animal feed
• Others

Global Astaxanthin Market by Regional

North America

• United States
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

Company Profiles

• Algatech, Ltd. (Solabia Group)
• Archer Daniels Midland Co.
• AstaReal AB
• BASF SE
• Beijing Gingko Group (BGG)
• Cardax, Inc.
• CO2 Gro, Inc.
• Cyanotech Corp.
• Divi's Laboratories Ltd.
• EID-Parry Ltd.
• Fuji Chemical Industries Co., Ltd.
• Heliae Development, LLC
• IGENE Biotechnology, Inc
• JXTG Nippon Oil and Energy Corp.
• Koninklijke DSM N.V
• MicroA AS
• Otsuka Pharmaceutical Co., Ltd.
• Parry Nutraceuticals, Piveg, Inc.

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