Introduction
Astaxanthin Market was valued at USD XX Billion in 2019 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. Astaxanthin is a chemical found naturally in plants & animals. The demand for Astaxanthin is increasing due to its various functions & end use applications. The market is driven by growing health awareness among consumers. Thus companies are offering Astaxanthin products for various applications such as functional foods, beverages, dietary supplements, animal nutrition & personal care. Astaxanthin is a potential antioxidant that protects human cells from inflammation & oxidation. These properties of Astaxanthin helps in reducing muscle pain & joint pains for consumers suffering from chronic arthritis. Significant technological advancement is a key driving factor for this market. Natural Astaxanthin accounts for the largest market share from the past few years. In conclusion, growing awareness about the product among healthcare professionals, existence of large population suffering from nutritional deficiency are some key factors propelling market growth.
Geographical Overview
At a global level, the Asia Pacific region dominated the market share in this industry. China is a key manufacturer with technologically advanced operating facilities. Whereas, North America region is considered the fastest-growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Astaxanthin Market with its high population base. Europe is considered as the major market for great quality of Astaxanthin.
Segmental Overview
Astaxanthin Market is segmented as per below specifications -
By Source:
• Plant
• Yeast & Microbes
• Marine
• Petroleum
By Application:
• Feed Supplements
• Food
• Cosmetics
By Form:
• Dry
• Liquid
Competitor Analysis
Astaxanthin Market has presence of some of the key major players across globe which includes
• BASF SE
• Cyanotech Corporation
• Otsuka Pharmaceutical Co. ltd
• Valensa International
• Fuji Chemical Industries Co.
• Divis laboratories Ltd.
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Astaxanthin Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leadingPlayers
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
Chapter 1 Research Objective
1.1 Need of the Research Report
1.2 Client Objectives
1.3 Offered Solutions
Chapter 2 Recommendations
2.1 Executive Summary
2.1.1 Market Overview
2.1.2 Competitive Insights
2.1.3 Segmental Analysis
2.1.4 Geographical Market Details
2.2 Lead Generation
2.3 Consultant
2.4 Return on Investment
Chapter 3 Research Methodology
3.1 Chromatus Database
3.2 Paid Sources
3.3 Primary Data Collection
3.3.1 Email Surveys
3.3.2 Telephonic Interviews
3.3.3 Face to Face Interviews
3.4 Secondary Data Collection
3.4.1 Annual Reports
3.4.2 Government Publications
3.4.3 Trade Data
3.4.4 Association Data
3.4.5 Research Papers/ Blogs/ News Articles
3.5 Expert Advisory Panel
3.6 Data Analytics Model
Chapter 4 Astaxanthin Market Overview
4.1 Parent Market Overview
4.2 Patent Analysis
4.3 PESTEL Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Legal
4.4 SWOT Analysis
4.4.1 Strengths
4.4.2 Weakness
4.4.3 Opportunities
4.4.4 Threats
4.5 Regulations
4.6 Porters Five Analysis
4.6.1 Threat of new entrants
4.6.2 Bargaining power of suppliers
4.6.3 Bargaining power of buyers
4.6.4 Threat of substitutes
4.6.5 Competitive rivalry
Chapter 5 Regional Analysis
Global Astaxanthin Market Estimation and Forecast, 2017 - 2025 (USD Billion)
5.1 North America Market
5.1.1 U.S.
5.1.1 Canada
5.2 Europe Market
5.2.1 UK
5.2.2 Germany
5.2.3 France
5.2.4 Spain
5.2.5 Italy
5.2.6 Russia& CIS
5.2.7 Rest of Europe
5.3 Asia Pacific Market
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 ASEAN
5.3.6 Rest of Asia Pacific
5.4 Rest of the World
5.4.1 Latin America
5.4.1.1 Brazil
5.4.1.2 Argentina
5.4.1.3 Rest of Latin America
5.4.2 Middle East
5.4.3 Africa
Chapter 6 Company Profile
6.1 BASF SE
6.1.1 Introduction
6.1.2 Financial Overview
6.1.3 Product Portfolio
6.1.4 Recent Developments
6.1.5 SWOT Analysis
6.2 Cyanotech Corporation
6.3 Otsuka Pharmaceutical Co. Ltd
6.4 Valensa International
6.5 Fuji Chemical Industries Co.
6.6 Divis Laboratories Ltd.
Chapter 7 Competitor Analysis
7.1 Company Ranking
7.2 Key Innovators
7.3 Market Leader
7.4 Emerging Players
7.5 Strategic Alliances
7.6 Competitive Matrix of 12 Companies
Chapter 8 Global Astaxanthin Market by Source Estimation and Forecast, 2017 - 2025 (USD Billion)
8.1 Plant
8.2 Yeast & Microbes
8.3 Marine
8.4 Petroleum
Chapter 9 Global Astaxanthin Market by Application Estimation and Forecast, 2017 - 2025 (USD Billion)
9.1 Feed Supplements
9.2 Food
9.3 Cosmetics
Chapter 10 Global Astaxanthin Market by Form Estimation and Forecast, 2017 - 2025 (USD Billion)
10.1 Dry
10.2 Liquid
Chapter 11 Appendix
11.1 Data Sources
11.2 Abbreviations
11.3 About US
11.4 Disclaimer
11.5 Key Notes
List of Tables
Table 1 Global Astaxanthin Market, by Region, 2017 - 2025 (USD Billion)
Table2 Global Astaxanthin Market, by Product Type, 2017 - 2025 (USD Billion)
Table3 Global Astaxanthin Market, by Consumption Type, 2017 - 2025 (USD Billion)
Table4 Global Astaxanthin Market, by Distribution Type, 2017 - 2025 (USD Billion)
Table5North America Astaxanthin Market2017 - 2025 (USD Billion)
Table6North America Astaxanthin Market by Product Type 2017 - 2025 (USD Billion)
Table7North America Astaxanthin Market by Consumption Type 2017 - 2025 (USD Billion)
Table8North America Astaxanthin Market by Distribution Type 2017 - 2025 (USD Billion)
Table9US Astaxanthin Market2017 - 2025 (USD Billion)
Table10Canada Astaxanthin Market2017 - 2025 (USD Billion)
Table11Europe Astaxanthin Market2017 - 2025 (USD Billion)
Table12Europe Astaxanthin Market by Product Type 2017 - 2025 (USD Billion)
Table13Europe Astaxanthin Market by Consumption Type 2017 - 2025 (USD Billion)
Table14Europe Astaxanthin Market by Distribution Type 2017 - 2025 (USD Billion)
Table15 UK Astaxanthin Market2017 - 2025 (USD Billion)
Table16GermanyAstaxanthin Market2017 - 2025 (USD Billion)
Table17France Astaxanthin Market2017 - 2025 (USD Billion)
Table18Spain Astaxanthin Market2017 - 2025 (USD Billion)
Table19ItalyAstaxanthin Market2017 - 2025 (USD Billion)
Table20Russia& CISAstaxanthin Market2017 - 2025 (USD Billion)
Table21Rest of Europe Astaxanthin Market2017 - 2025 (USD Billion)
Table22Asia Pacific Astaxanthin Market2017 - 2025 (USD Billion)
Table23Asia Pacific Astaxanthin Market by Product Type 2017 - 2025 (USD Billion)
Table24Asia Pacific Astaxanthin Market by Consumption Type 2017 - 2025 (USD Billion)
Table25Asia Pacific Astaxanthin Market by Distribution Type 2017 - 2025 (USD Billion)
Table26ChinaAstaxanthin Market2017 - 2025 (USD Billion)
Table27Japan Astaxanthin Market2017 - 2025 (USD Billion)
Table28IndiaAstaxanthin Market2017 - 2025 (USD Billion)
Table29South KoreaAstaxanthin Market2017 - 2025 (USD Billion)
Table30ASEAN Astaxanthin Market2017 - 2025 (USD Billion)
Table31Rest of Asia Pacific Astaxanthin Market2017 - 2025 (USD Billion)
Table32Latin America Astaxanthin Market2017 - 2025 (USD Billion)
Table33Latin America Astaxanthin Market by Product Type 2017 - 2025 (USD Billion)
Table34Latin America Astaxanthin Market by Consumption Type 2017 - 2025 (USD Billion)
Table35Latin America Astaxanthin Market by Distribution Type 2017 - 2025 (USD Billion)
Table36 Brazil Astaxanthin Market2017 - 2025 (USD Billion)
Table37 Argentina Astaxanthin Market2017 - 2025 (USD Billion)
Table38 Rest of Latin America Astaxanthin Market2017 - 2025 (USD Billion)
Table39Middle EastAstaxanthin Market2017 - 2025 (USD Billion)
Table40 Middle East Astaxanthin Market by Product Type 2017 - 2025 (USD Billion)
Table41Middle East Astaxanthin Market by Consumption Type 2017 - 2025 (USD Billion)
Table42Middle East Astaxanthin Market by Distribution Type 2017 - 2025 (USD Billion)
Table43Africa Astaxanthin Market2017 - 2025 (USD Billion)
Table44 Africa Astaxanthin Market by Product Type 2017 - 2025 (USD Billion)
Table45Africa Astaxanthin Market by Consumption Type 2017 - 2025 (USD Billion)
Table46Africa Astaxanthin Market by Distribution Type 2017 - 2025 (USD Billion)
List of Figures
Fig. 1 Primary Research Method
Fig. 2 Secondary Research Method
Fig. 3 Value chain analysis
Fig. 4 PESTEL Analysis
Fig. 5 SWOT Analysis
Fig. 6 Porters Five forces analysis
Fig. 7 Astaxanthin Market: Penetration & growth prospect mapping
Fig. 8 Astaxanthin Market: Competitive snapshot
Fig. 9 Astaxanthin Market: Segmental snapshot
Fig. 10 Market Overview
Fig. 11 Astaxanthin Market: Product Analysis, 2017- 2025
Fig. 12 Astaxanthin Market: Regional Analysis, 2017- 2025
Fig. 13 Astaxanthin Market: Competitive Matrix
Fig. 14 Astaxanthin Market: Revenue Mix