The global astaxanthin market is estimated to grow at a CAGR of around 5% during the forecast period. It is considered that astaxanthin has the potential to protect human cells from oxidation and inflammation. Astaxanthin has anti-inflammatory property, it helps the patients who are suffering from muscles & joints pain and arthritis. Moreover, the growing diseases like diabetes, cardiovascular diseases, cancer, and other health problems are also driving the market growth. Sometimes, high doses of astaxanthin cause stomach pain. Besides, some side effects of astaxanthin such as increased bowel movements and red stool color are restraining the growth of the global astaxanthin market.

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Astaxanthin is a powerful and natural pigment that belongs to the carotenoids chemical group, mainly it is found in some marine animals and plants, such as salmon, trout, krill, shrimp, crayfish, crustaceans, and others. Astaxanthin is also called “the king of carotenoids”. Researchers have found that astaxanthin is 500 times stronger than vitamin E and other carotenoids such as lutein, lycopene, and ?-carotene. Astaxanthin is linked to heart health, healthier skin joint pain, and researcher assume that it might be used for cancer treatment soon. Growing awareness about nutrition for a healthy lifestyle, preference for the dietary supplement, increasing disease like male infertility, rheumatoid arthritis (RA), wrinkled skin and others are the factors to propel the global astaxanthin market growth.

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Technological innovations such as the emergence of synthetic astaxanthin and innovation in manufacturing technology are one of the factors creating a huge opportunity in the near future. For instance, using photo-bioreactors, Algamo Ltd. produces astaxanthin, it is used to reduce water wastage and saving electricity. Another astaxanthin manufacturing innovation is the sealed microalgae cultivation system, it is used to reduce the risks associated with entrapment of foreign objects, agricultural residue, and microbial contamination. Fenchem’s innovation AstaMarin, a carotenoid nutrient. It is 500 times stronger than vitamin E, 7 times stronger than lycopene and 10 times stronger than beta-carotene.

Market Segmentation

Global Astaxanthin Market by Product
Powder
Capsules and Softgel
Tablets
Liquid and Oil
Other
Global Astaxanthin Market by Application
Nutraceuticals
Cosmetics
Aquaculture and animal feed
Others
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
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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