Astaxanthin Market by Product Types and Application, Top Manufacturer, Regional Analysis and Forecasts to 2024

17/set/2019 09:00:54 Tejas Amale Contatta l'autore

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Market Overview

Astaxanthin is a naturally occurring pigment. It is a reddish color pigment belongs to a family of carotenoid pigments. It has various significant properties such as excellent UV resistance, anti-oxidant, anti-aging, and reliable nature. It is used to provide flexibility, comfort, and biocompatibility nature to the product.

The Global Ataxanthin Market Has Been Driven By The Growing Usage In The Production Of Feeds, Supplements, Food, Health Care Products, And Others. Moreover, it is estimated that the personal care product segment is the highest growth in the consumption of carotenoid pigments in different products such as anti-aging cream, lotions, perfumes, and others.

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Competitive Analysis:

Some of the major players functioning in the Global Astaxanthin Market are Alga Technologies (Israel), BASF SE (Germany), Koninklijke DSM N.V. (the Netherlands), Fuji Chemical Industries Co., Ltd. (Japan), JXTG Nippon Oil & Energy Corporation (Japan), Heliae (the U.S.), Otsuka Pharmaceutical Co., Ltd.(Japan), Fenchem(China), Parry Nutraceuticals(India), and Piveg, Inc. (the U.S.), among others.

Market Segmentation:

The Global Astaxanthin Market is segregated into source, form, process, and end-use.

On the basis of the source , the market is further categorized into natural and chemical. The most widely used source in the market is natural consumption in feed, food, agriculture, and others. It is predicted that the chemical source segment may occur.

On the basis of form , the market is sub-divided into dry and liquid astaxanthin. The use of dry pigments as a feed and project to drive the market in the coming years. The liquid pigment is likely to grow at higher CAGR on the account of increasing use of personal care and cosmetics products.

On the Basis of Process , the market is segmented into biological and chemical. Between these, the biological segment is anticipated to observe a rapid growth two to its ant-toxic, reliable nature over chemical products.

The application is classified in feed, supplements, food, health care products, and others. Among these, the health care products segment is expected to observe higher growth due to its increasing use in fairness products.

Segmental Analysis:

The Global Astaxanthin Market spanned across five key regions of the world - Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America holds a major portion of the global market The US, Canada, and Mexico are the major players in this region. The Asia Pacific region is estimated to witness higher growth in countries such as China, Japan, and India. A rapid development is observed in the European region to the use of pigments in the healthcare, supplements, and bio-tech industries. Moreover, the food and comfort segments of the product offered by the product. Two to these factors, Germany, the UK and Italy are the major contributors to the Astaxanthin Market in Europe. The Middle East & Africa, and Latin America regions are estimated to observe a significant growth two to growing technological advancements in heavy end industries.

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