Global Astaxanthin Market predicted to expand with a CAGR of 8% in future

1. Global Astaxanthin Market expands with the rising demand in the food business Market overview: The global Astaxanthin Market was worth USD 633 million in 2019, and it is projected to reach a value of USD 1.3 billion by 2025 at a CAGR of 8% during the conjecture period. Astaxanthin belongs to the carotenoids of the xanthophyll category, a red pigment that occurs naturally in some algae and causes roses such as salmon, lobster, shrimp, and other shellfish. This product is used as a dietary supplement due to its easy availability to provide cardiovascular benefits. This product is 500 times more powerful than vitamin E and is much more effective than other carotenoids like lutein and lycopene. Recent developments: •In October 2018, BGG and its employees Solix Algredients and Algae Health Sciences launched natural astaxanthin in their flagship product, AstaZine. •In May 2018, Solix and BGG started a joint venture to establish a production plant in Colorado. The company aimed to build a manufacturing scale supercritical fluid carbon dioxide extraction capacity in Colorado. •In June 2018, Transcend Nutressentials and AstaReal from Fuji made a further breakthrough in the formulation of Astaxanthin ROS through a partnership. Through these partnerships, Transcend Nutressentials can highlight new inventions for natural products. Market Drivers and Restrains: Due to the high cost of hospitalization, the demand for astaxanthin and natural antioxidants is expected to increase with increased nutrition awareness for healthy lifestyles and a greater preference for dietary supplements. Astaxanthin is considered a potential antioxidant that has been shown to protect human cells from inflammation and oxidation. Astaxanthin anti- inflammatory drugs help reduce pain in the muscles, joints and tendons of patients suffering from chronic arthritis. The prevalence of diseases such as diabetes, cardiovascular disease, cancer and cognitive health problems is also expected to lead the market. Astaxanthin, for example, helps increase blood flow and lower blood sugar, which is common in people with blood pressure and diabetes. Important technological advancements are also a key driver of the market. Profitable technologies drive the production of synthetic astaxanthin. Traditionally, astaxanthin has been used primarily to prevent food nutrients from being damaged, to improve sensory aspects and overall appeal of food. High production costs through the extraction process contribute greatly to the trend towards higher product prices. To know more read: https://www.marketdataforecast.com/market-reports/astaxanthin-market

2. Report is segmented as: Astaxanthin market worldwide is broken down by source, application, shape and region. By source, the astaxanthin industry has been classified as natural and synthetic. Depending on the application, the global astaxanthin industry has been classified into food and beverage, pharmaceutical and functional food, animal food, etc. By shape, the market has been classified as dry and liquid. Geographical Segmentation: North America commanded the whole market in 2019 because of acknowledgment programs by non-benefit associations and the nearness of the principle advertise players. Then again, Asia Pacific is assessed to show huge development during the figure time frame. China's leading manufacturers with technologically advanced operating facilities, including InnoBio and BGG, are expected to lead the market in this region. Furthermore, increased awareness of astaxanthin among health professionals, a large population suffering from malnutrition, and a thriving cosmetic industry using organic resources are key factors driving market growth. Key market players: The key players in the market includes JX Nippon Oil and Energy Corporation; Cyanotech Corporation; MicroA AS; Fenchem; BlueOcean Nutra Sciences, Inc; Fuji Chemical Industry Co., Ltd; Beijing Ginkgo Group (BGG); IGENE Biotechnology, Inc; EID-Parry (India) Ltd and Algatechnologies. View sample and decide: https://www.marketdataforecast.com/market-reports/astaxanthin-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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