Astaxanthin Market Growth Set to Double by 2030

Astaxanthin Market Report 2025 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance, the global astaxanthin market size was valued at USD 1,371.24 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 16.8% to 2030.

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Astaxanthin is a powerful antioxidant with health benefits and is considered to be 550 times stronger than antioxidants, such as vitamin E. Nutraceuticals provide the required dietary supplements with fewer adverse effects and are widely used in the prevention of diseases, such as cardiovascular diseases (CVDs), diabetes, and cancer.

Regional Analysis

North America held a market share of over 36% in 2020 and is expected to maintain its dominance over the forecast period. This dominance can be attributed to the existence of an established nutraceutical industry, growing awareness about the use of astaxanthin, and the presence of a health-conscious population.

Recent Developments

·        Cyanotech Corp. launched BioAstin Hawaiian Astaxanthin, a novel delivery platform of a water-dispersible powder.

·        Algalíf Iceland ehf expanded its presence in the Asia Pacific market with Astalífastaxanthin oleoresins and launched IceCaps soft gelatin capsules & Icelandic Harvest.

Key Players of Astaxanthin Market

·        AlgatechLtd.

·        CyanotechCorp.

·        AstaReal Group, CO2 GRO Inc.

·        Beijing Gingko Group

·        E.I.D. – Parry (India) Limited

·        ENEOS Corporation

·        FENCHEM

·        MicroA

·        NextFerm

·        Algalif Iceland ehf and More

Astaxanthin Market is segmented into source, product, application and region.

On the basis of Source

·        Natural

·        Synthetic

On the basis of Product 

·        Dried algae meal or biomass

·        Oil

·        Softgel

·        Liquid

·        Others

On the basis of Application 

·        Nutraceuticals

·        Cosmetics

·        Aquaculture and animal feed

·        Food

·        Others

On the basis of Region

·        Asia Pacific

·        North America

·        Europe

·        South America

·        Middle East & Africa

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In addition to the market data for Astaxanthin Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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