Los Angeles, CA -- (SBWIRE) -- 04/17/2019 -- Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown natural astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and ?-carotene. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no "pro-oxidant" activity.
Currently, the major commercially available sources of astaxanthin include synthetic astaxanthin from petrochemicals and astaxanthin derived from natural sources. Haematococcus pluvialis is the organism that naturally produces the highest concentrations of astaxanthin.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Astaxanthin production will show a trend of steady growth. In 2023 the consumption of Astaxanthin is estimated to be 458622 Kg. On product prices, the slow downward trend in recent years will maintain in the future.
The global Astaxanthin market was 75 million US$ in 2018 and is expected to 91 million US$ by the end of 2025, growing at a CAGR of 2.4% between 2019 and 2025.
This report studies the Astaxanthin market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Astaxanthin in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Yunnan Alphy Biotech
Jingzhou Natural Astaxanthin
JX Nippon Oil& Energy
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Food & beverages
Key Regions split in this report:
Central & South America
Middle East & Africa
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