Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Astaxanthin
Market makes an offering of in-depth analysis of segments and sub-segments in
the regional and international Astaxanthin Market. The research also emphasizes
on the impact of restraints, drivers, and macro indicators on the regional and global
Astaxanthin Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Astaxanthin Market
`is offered. In accordance with the report, the global Astaxanthin Market is
projected to expand at a CAGR of 7.8% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Astaxanthin is a
keto-carotenoid belonging to a larger class of chemical compounds known as
terpenes built from five carbon precursors, isopentenyl diphosphate, and
dimethylallyl diphosphate. It is a pigment found in red or pink colored aquatic
organisms such as shrimp, lobster and salmon. It is used as food coloring and
dietary supplement. Astaxanthin has multifarious health benefits. It helps to
balance and maintain levels of cholesterol in blood, it helps prevent diabetes,
heart disease and high blood pressure. It is also fund to assist heart damage
repair. Astaxanthin has anti-inflammatory properties which helps in reducing pain
in the muscles, joints, and tendons of patients suffering from chronic
arthritis. Astaxanthin in the form of nutraceuticals can also be used to
prevent the occurrence of chronic diseases, improve health, and delay the process
of aging. The growing interests in the field of dermatology, skin homeostasis
benefits of astaxanthin such as antioxidant, photoprotective, and anti-inflammatory
effects have been introduced.
The key driver
of growth in the global astaxanthin market is significant advancement in the
field of technology. Recent developments of the field include production of
astaxanthin, by ALGAMO, using photo-bioreactors and micro-modules to help in
reducing water wastage and saving electricity. The sealed microalgae
cultivation system is a manufacturing technology that minimizes the risks
associated with entrapment of foreign objects, microbial contamination, and
agricultural residue, thereby increasing yield and reducing waste.
The key
restraint of growth in the market of astaxanthin is the high production cost
with process of extraction which serves as a prime factor of high price trends.
Rigorous guidelines and regulations regarding the usage of the product in
product directly consumed b human beings is another factor hindering growth of
the astaxanthin market. Petroleum sourced astaxanthin is now being considered
over natural sources to increase cost effectiveness.
The global
demand for astaxanthin is increasing due to numerous end use applications and
other functions. Astaxanthin having sources such as algae, synthetic and
bacterial sources is recognized safe by GRAS. The FDA has
allowed an increase in the daily serving for astaxanthin form 7.8 mg to 12 mg.
recently companies have issued a new dietary ingredient petition with FDA to
allow a 12 mg daily dosage to offer speedy joint recovery from strenuous
exercise or physical activity and also reduce oxidative stress that causes
soreness and stiffness. The Asia-Pacific region dominates the market for
astaxanthin. The rising demand for fortified, healthy, and nutritious products
in this region and the changing eating habits of consumers due to busy
lifestyles and growing levels of disposable incomes are predicted to propel the
growth of the astaxanthin market.
Segment Covered:
This market
intelligence report on the global Astaxanthin market encompasses market
segments based on product form, source, application, method of production and country/regions.
By product form, the global Astaxanthin
Market is segregated
into,
§ Dry
§ Liquid
By source, the global Astaxanthin Market is
segmented into,
§ Natural source
o
Plants
o
Yeast &
Microbes(Haematococcus Pluvialis, Microalgae, Phaffia Yeast)
o
Marine (krill)
§ Petroleum
By application, the global Astaxanthin Market is also classified into,
§ Feed
§ Supplements
§ Food
§ Cosmetics
By method of production, the global
Astaxanthin Market is also classified into,
§ Microalgae Cultivation
§ Fermentation
§ Extraction
§ Chemical Synthesis
By country/region, the global Astaxanthin Market has been divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Koninklijke DSM N.V. (Netherlands)
§ BASF SE (Germany)
§ Cyanotech Corporation (US)
§ Otsuka Pharmaceutical Co., Ltd. (Japan)
§ Valensa International (US)
§ Fuji Chemical Industries Co. (Japan)
§ Divis Laboratories Ltd. (India)
§ Beijing Ginko Group (China)
§ Igene Biotechnology, Inc. (US)
§ Piveg, Inc. (US)
§ Fenchem Biotek Ltd. (US)
§ Algatechnologies (Israel)
§ Cardax, Inc. (US)
§ Supreme Biotechnologies (US)
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Astaxanthin Market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Astaxanthin Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Astaxanthin Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading market
players covered this report comprise names such as Koninklijke DSM N.V.
(Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka
Pharmaceutical Co., Ltd. (Japan), Valensa International (US) and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Astaxanthin caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Astaxanthin Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Astaxanthin Market
v
Identification
of key factors driving investment opportunities in the Astaxanthin Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants