Americas Holds the Largest Market Share in the Astaxanthin Market
The Americas region holds the largest market share in the Astaxanthin Market However, Asia Pacific is estimated to have the highest growth. As the anti-ageing creams and other skin products are becoming much sought after than ever before, the usage of Astaxanthin becomes ubiquitous in this region. The key applications in this region include cosmetics and dietary supplements among others.
Selected Impact Analysis Done in the Full Report
Astaxanthin is responsible for the red color in many sea creatures such as crayfish, krill, and salmon. Astaxanthin gives red color to many sea creatures such as crayfish, krill and salmon their red color.
Astaxanthin has been reported in many studies for its high antioxidant and skin-friendly properties.
Paracoccus Bacteria, Astaxanthin Rich Phaffia Yeast, and Synthetic Astaxanthin are predominantly used in the aquaculture sector, while the Astaxanthin derived from H. Pluvialis microalgae is the main source for human applications such as food & beverages,
To access / purchase the full report browse the link below
Excerpts on Market Growth Factors
Aquaculture and Animal feed are the major applications, while Carotenoid has been used for coloring fishes and improving the texture of animals.
Nutraceutical segment is anticipated to have a rapid growth during the forecast period.
Astaxanthin Softgels are estimated to register an agile growth rate during the forecast period.
Synthetic source will acquire a major share in the market.
Natural Sources are estimated to witness a swashbuckling over the forecast period.
Astaxanthin can be manufactured from natural sources. The high yield of carotenoid and low maintenance cost will drive the growth of natural sources, which in turn drives the growth of Astaxanthin.
Talk to one of our sales representative about the full report by providing your details in the link below:
Key Players of Astaxanthin Market:
Astaxanthin is an Oligopolistic in nature and dominated by limited number of key players.
Koninklijke DSM N.V is one of the key players of the Astaxanthin Market. The Heerlen headquarters company which has more than 20,000 employees worldwide witnessed € 8,632 net sales and € 1,781 net profit in 2017.
BASF SE is another conglomerate that earned $816 million of revenue through operations for the year 2017.
In September 2014, Algatech entered into an R&D agreement with SCHOTT AG, a German company, to boost its productivity of its closed tube cultivation system.
Browse Related Reports:
- Nutricosmetic Ingredients Market: By market (anti-aging, skin whitening, sun protection); By Type (carotenoids, vitamins, collagen, others); By Product type (dietary supplements, functional food & beverage); By application (skin, hair, nail, weight management); By Geography - Forecast (2018-2023)
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Mr. Venkateshwar Reddy
Business Development Manager
Contact Sales: 1-614-588-8538 (Ext-101)