Astaxanthin Market Growth Drivers Thiago Alcantara Spain Jersey , Impact Analysis & Market Opportunities by 202 Posted by priya6007 on May 23rd, 2018
Summary of Astaxanthin Industry:
Astaxanthin is a naturally occurring carotenoid pigment found in algae, plants, and animals. It belongs to a superior class of chemical compounds known as turpentine. It has excellent UV resistance, antioxidant and anti-inflammatory properties, which are driving the market growth. Due these features, it is used in various applications such as feed Sergio Rico Spain Jersey , supplements, food, health care products and others.
Top 10 Key Players:
Some of the prominent players operating in the Global Astaxanthin Market are Alga Technologies (Israel), BASF SE (Germany), Koninklijke DSM N.V. (the Netherlands), Fuji Chemical Industries Co., Ltd. (Japan) Sergio Ramos Spain Jersey , JXTG Nippon Oil & Energy Corporation (Japan), Heliae (the U.S.), Otsuka Pharmaceutical Co., Ltd.(Japan), Fenchem(China), Parry Nutraceuticals(India), and Piveg Sergio Busquets Spain Jersey , Inc. (the U.S.), among others.
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Intended Audience
Astaxanthin ManufacturersTraders and Distributors of AstaxanthinProduction Process IndustriesPotential InvestorsRaw Material SuppliersNationalized Laboratory
As per our survey, the Global Astaxanthin Market is fragmented by source, form, process, and end-use. The market by source is further divided into natural and chemical. Among these, the natural source is estimated to witness a higher growth over the review period on account of its growing use in food supplements Santi Cazorla Spain Jersey , cosmetics, and others. The chemical sources segment is projected to observe slow growth due to presence of toxic materials and harmful content offered by the product. On the basis of form, the market is further categorized into dry and liquid astaxanthin. The dry astaxanthin segment is anticipated to observe a lightning progress in the market due to its extensive use as a feed for animals and manufacturing cheap products. The boundless use of liquid carotenoid segment in the cosmetics and skin care industry is projected to drive the global market.
Regional Analysis:
The Global Astaxanthin Market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these Pedro Rodriguez Spain Jersey , North America holds a major share of the market due to the growing demand for carotenoid pigments in feed, supplements, food, health care products, and others. The feed segment is predicted to witness a rapid growth in the market due to growing consumption of haematococcus pluvialis to produce high standard astaxanthin in countries such as U.S.A, Canada and Mexico. It is estimated the health care products segment is set to witness a higher growth in the market during the forecast period, 2017-2023.
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The Asia Pacific region has achieved a remarkable growth due to increasing population and rising per capita income. It is predicted that the rising awareness Paco Alcacer Spain Jersey , and growing consumption of carotenoid pigments for human and animal nourishment are estimated to drive the market over the forecast period. China, Japan, and India are the leading players of this region.
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