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(CityRegions.Com, September 06, 2017 ) Description:
Global Astsxanthin market is expected to grow from $ 615.19 million in 2016 to reach $ 1226.14 million by 2023 with a CAGR of 10.3%. Factors such as rising demand for cosmetic products, customers varying preferences towards healthcare & nutraceutical products are fuelling the market. In addition, lack of raw material, inadequate advanced technologies are restricting the market.
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Animal feed is expected to be the fastest growing segment as astsxanthin is used as coloring agent for aquatic animals and livestock to increase color of eggs and meat. On the other hand, the demand for natural astsxanthin is growing rapidly due to consumers rising concerns towards health benefits. Asia Pacific has acquired largest market share followed by North America and the growth is attributed to rising demand for natural astaxanthin from food and beverages sector.
Some of the key players in global astaxanthin market include Koninklijke DSM N.V., BASF SE, Cyanotech Corporation, Otsuka Pharmaceutical Co., Ltd, Valensa International, Fuji Chemical Industries Co., Ltd, Divis Laboratories Ltd, Beijing Ginko Group (BGG), Igene Biotechnology Inc, Piveg, Inc, Fenchem Biotek Ltd, Algatechnologies, Cardax, Inc, Supreme Biotechnologies and Parry Nutraceuticals.
Applications Covered:
Dietary Supplements
Animal health & aquaculture
Cosmetics
Food & Beverages
Feed
Method of Productions Covered:
Chemical Synthesis
Microalgae Cultivation
Extraction
Fermentation
Forms Covered:
Liquid Form
Dry Form
Sources Covered:
Petroleum (Synthetic)
Natural Source
Marine
Plants
Yeast & Microbes
Paracoccus bacteria
Haematococcus pluvialis
Pacific sockeye salmon
Phaffia yeast,
Shrimp bi-products
Products Types Covered:
Synthetic Astaxanthin
Astaxanthin Rich Paracoccus Bacteria
Pluvialis Microalgae Astaxanthin
Aematococcus
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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