Astaxanthin Market Analysis By Source (Natural [Yeast, Krill/Shrimp, Microalgae] And Synthetic), By Product (Dried Biomass/Powder, Oil, Soft gels, Liquid), By Application, And Segment Forecasts, 2014 - 2025

Published: Jul, 2017 | Pages: 96 | Publisher: Grand View Research
Industry: Pharmaceutical | Report Format: Electronic (PDF)

The global astaxanthin market is expected to reach USD 2.57 billion by 2025, according to a new report by Grand View Research, Inc. Adoption of advanced technologies in various stages of natural astaxanthin production, such as microalgae harvesting, cultivation, extraction, and drying, have been major factors driving market growth. Moreover, awareness about health benefits, safety, and potential uses of astaxanthin is another driving force. 

Rising geriatric population is estimated to result in an increase in the demand for cosmetics such as antiageing creams and antioxidant products for improving aesthetic appeal. Astaxanthin has been reported in many studies for its high antioxidant and skin-friendly properties. Due to this, many cosmeceutical manufacturers and wellness spa owners are using it in new products and associated therapies, which is also estimated to drive demand.

Further key findings from the report suggest:

• Naturally produced astaxanthin dominated the production technology segment with a market share of 52.4% in 2016, owing to increasing awareness about its health benefits, safety, and multifunctionality.

• Microalgae is estimated to be one of the largest and fastest growing natural source, owing to increasing use of H. pluvialis for production of high-grade astaxanthin

• Adoption of technologically advanced procedures for manufacturing natural astaxanthin with less contamination and maximum yield is expected to fuel market growth

• Dried algae meal or biomass held the largest market share by type of product in 2016 due to low production cost and high use in aquaculture and as animal food

• Softgel capsules containing astaxanthin oil or powder are rapidly gaining acceptance as oral nutraceutical, and this is expected to fuel demand.

• Based on application, aquaculture and animal feed dominated the market in 2016 with revenue of USD 220.0 million, owing to its increased usage in coloring fish and trout for quality enhancement

• On the other hand, nutraceuticals are expected to witness lucrative growth over the forecast period due to factors such as high nutritional value, antioxidant properties, and low adverse effects

• North America held the largest market share by region in 2016. Key factors for that can be attributed to its dominance are local presence of key manufacturers, increasing base of health-conscious population, and flourishing nutraceutical industry

• Supportive government regulations, growth in population with nutritional deficiencies, and increasing liquidity in developing countries are key drivers anticipated to provide high growth opportunities to the Asia Pacific region.

• Some of the major players of the astaxanthin market are Alga Technologies; Cyanotech Corporation; Fuji Chemicals Industry Co., Ltd.; BlueOcean NutraSciences, Inc.; MicroA AS; Fenchem; EID Parry (India) Ltd.; Beijing Gingko Group (BGG); Heliae Development, LLC; IGENE Biotechnology, Inc.; and JX Nippon Oil and Energy Corporation.

 Table of Contents

Chapter 1 Research Methodology
1.1 Country-wise market: Base Estimates
1.2 Global Market: CAGR Calculation
1.3 Region-based Segment Share Calculation
1.4 Research Scope & Assumptions
1.5 List of Data Sources
1.5.1 Data for primary interviews, by sources
1.5.2 Data for primary interviews, by region

Chapter 2 Executive Summary
2.1 Market Snapshot

Chapter 3 Astaxanthin Market Variables, Trends& Scope
3.1 Market Segmentation &Scope
3.2 Market Driver Analysis
3.2.1 Increasing demand of nutraceutical and natural antioxidants
3.2.2 Introduction of advance technologies
3.2.3 Increasing adoption of natural cosmetics
3.2.4 Increasing use in aquaculture and coloring of fishes
3.3 Market Restraint Analysis
3.3.1 High cost of production
3.3.2 Excess space requirement
3.4 Key Opportunities Prioritized
3.4.1 Key opportunities prioritized
3.5 Astaxanthin Market - SWOT Analysis, by Factor (Political & Legal, Economic, and Technological)
3.6 Industry Analysis - Porter's

Chapter 4 Astaxanthin Market: Source Estimates & Trend Analysis
4.1 Astaxanthin Market: Source Movement Analysis
4.2 Natural
4.2.1 Natural market, 2014 - 2025 (USD Million)
4.2.2 Yeast
4.2.2.1 Yeast market, 2014 - 2025 (USD Million)
4.2.3 Krill/Shrimp
4.2.3.1 Krill/shrimp market, 2014 - 2025 (USD Million)
4.2.4 Microalgae
4.2.4.1 Microalgae market, 2014 - 2025 (USD Million)
4.2.5 Others
4.2.5.1 Others market, 2014 - 2025 (USD Million)
4.3 Synthetic
4.3.1 Synthetic market, 2014 - 2025 (USD Million)

Chapter 5 Astaxanthin Market: Product Estimates & Trend Analysis
5.1 Astaxanthin Market: Product Movement Analysis
5.2 Dried algae meal or Biomass
5.2.1 Dried algae meal or biomass market, 2014 - 2025 (USD Million)
5.3 Oil
5.3.1 Oil market, 2014 - 2025 (USD Million)
5.4 Softgel
5.4.1 Softgel market, 2014 - 2025 (USD Million)
5.5 Liquid
5.5.1 Liquid market, 2014 - 2025 (USD Million)
5.6 Others
5.6.1 Others market, 2014 - 2025 (USD Million)

Chapter 6 Astaxanthin Market: Application Estimates & Trend Analysis
6.1 Astaxanthin Market: Application Movement Analysis
6.2 Nutraceuticals
6.2.1 Nutraceuticals market, 2014 - 2025 (USD Million)
6.3 Cosmetics
6.3.1 Cosmetics market, 2014 - 2025 (USD Million)
6.4 Aquaculture and Animal Feed
6.4.1 Aquaculture and Animal FeedMarket, 2014 - 2025 (USD Million)
6.5 Others
6.5.1 Others market, 2014 - 2025 (USD Million)

Chapter 7 Astaxanthin Market: Regional Estimates & Trend Analysis, by Source, Product, Application
7.1 Astaxanthin Market Share by Region, 2016 & 2025
7.2 North America
7.2.1 North America astaxanthin market, 2014 - 2025 (USD Million)
7.2.2 U.S.
7.2.2.1 U.S. astaxanthin market, 2014 - 2025 (USD Million)
7.2.3 Canada
7.2.3.1 Canada astaxanthin market, 2014 - 2025 (USD Million)
7.3 Europe
7.3.1 Europe astaxanthin market, 2014 - 2025 (USD Million)
7.3.2 UK
7.3.2.1 UK astaxanthin market, 2014 - 2025 (USD Million)
7.3.3 Germany
7.3.3.1 Germany astaxanthin market, 2014 - 2025 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific astaxanthin market, 2014 - 2025 (USD Million)
7.4.2 Japan
7.4.2.1 Japan astaxanthin market, 2014 - 2025 (USD Million)
7.4.3 China
7.4.3.1 China astaxanthin market, 2014 - 2025 (USD Million)
7.4.4 India
7.4.4.1 India astaxanthin market, 2014 - 2025 (USD Million)
7.5 Latin America
7.5.1.1 Latin America astaxanthin market, 2014 - 2025 (USD Million)
7.5.2 Brazil
7.5.2.1 Brazil astaxanthin market, 2014 - 2025 (USD Million)
7.5.3 Mexico
7.5.3.1 Mexico astaxanthin market, 2014 - 2025 (USD Million)
7.6 MEA
7.6.1 MEA astaxanthin market, 2014 - 2025 (USD Million)
7.6.2 South Africa
7.6.2.1 South Africa astaxanthin market, 2014 - 2025 (USD Million)

Chapter 8 Competitive Landscape
8.1 Strategy Framework
8.2 Market Participation
8.3 Company Profiles
8.3.1 Alga Technologies
8.3.1.1 Company Overview
8.3.1.2 Financial Performance
8.3.1.3 Product Benchmarking
8.3.1.4 Strategic Initiatives
8.3.2 Cyanotech Corporation
8.3.2.1 Company Overview
8.3.2.2 Financial Performance
8.3.2.3 Product Benchmarking
8.3.2.4 Strategic Initiatives
8.3.3 Fuji chemicals
8.3.3.1 Company Overview
8.3.3.2 Financial Performance
8.3.3.3 Product Benchmarking
8.3.3.4 Strategic Initiatives
8.3.4 BlueOcean NutraSciences Inc.
8.3.4.1 Company Overview
8.3.4.2 Financial Performance
8.3.4.3 Product Benchmarking
8.3.4.4 Strategic Initiatives
8.3.5 Fenchem
8.3.5.1 Company Overview
8.3.5.2 Financial Performance
8.3.5.3 Product Benchmarking
8.3.5.4 Strategic Initiatives
8.3.6 MicroA
8.3.6.1 Company Overview
8.3.6.2 Financial Performance
8.3.6.3 Product Benchmarking
8.3.6.4 Strategic Initiatives
8.3.7 EID Parry
8.3.7.1 Company Overview
8.3.7.2 Financial Performance
8.3.7.3 Product Benchmarking
8.3.7.4 Strategic Initiatives
8.3.8 BGG (Beijing Gingko Group)
8.3.8.1 Company Overview
8.3.8.2 Financial Performance
8.3.8.3 Product Benchmarking
8.3.8.4 Strategic Initiatives
8.3.9 Heliae
8.3.9.1 Company Overview
8.3.9.2 Financial Performance
8.3.9.3 Product Benchmarking
8.3.9.4 Strategic Initiatives
8.3.10 Igene Biotechnology
8.3.10.1 Company Overview
8.3.10.2 Financial Performance
8.3.10.3 Product Benchmarking
8.3.10.4 Strategic Initiatives
8.3.11 JX Nippon Oil and Energy
8.3.11.1 Company Overview
8.3.11.2 Financial Performance
8.3.11.3 Product Benchmarking
8.3.11.4 Strategic Initiatives

List of Tables

TABLE 1 Factors used in segment share estimation
TABLE 2 List of secondary data sources
TABLE 3 Primary interview details, by source
TABLE 4 Primary interview details, by region
TABLE 5 North America astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 6 North America astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 7 North America astaxanthin market, by application, 2014 -2025 (USD Million)
TABLE 8 U.S. astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 9 U.S. astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 10 U.S. astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 11 Canada astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 12 Canada astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 13 Canada astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 14 Europe astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 15 Europe astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 16 Europeastaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 17 UK astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 18 UK astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 19 UK astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 20 Germany astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 21 Germany astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 22 Germany astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 23 Asia Pacific astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 24 Asia Pacific astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 25 Asia Pacific astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 26 Japan astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 27 Japan astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 28 Japan astaxanthin market, by application, 2014 - 2025 (USD Million
TABLE 29 China astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 30 China astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 31 China astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 32 India astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 33 India astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 34 India astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 35 Latin America astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 36 Latin America astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 37 Latin America astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 38 Brazil astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 39 Brazilastaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 40 Brazil astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 41 Mexicoastaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 42 Mexico astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 43 Mexico astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 44 MEA astaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 45 MEA astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 46 MEA astaxanthin market, by application, 2014 - 2025 (USD Million)
TABLE 47 South Africaastaxanthin market, by source, 2014 - 2025 (USD Million)
TABLE 48 South Africa astaxanthin market, by product, 2014 - 2025 (USD Million)
TABLE 49 South Africa astaxanthin market, by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Primary interviews, by sources
FIG. 2 Market summary
FIG. 3 Market trends & outlook
FIG. 4 Market segmentation & scope
FIG. 5 Market driver relevance analysis (Current & future impact)
FIG. 6 Market restraint relevance analysis (Current & future impact)
FIG. 7 Key opportunities prioritized
FIG. 8 SWOT Analysis, By Factor (political & legal, economic and technological)
FIG. 9 Porter's Five Forces Analysis
FIG. 10 Astaxanthin market, source outlook: Key takeaways
FIG. 11 Astaxanthin market: Source movement analysis
FIG. 12 Natural market, 2014 - 2025 (USD Million)
FIG. 13 Yeast market, 2014 - 2025 (USD Million)
FIG. 14 Krill/Shrimp market, 2014 - 2025 (USD Million)
FIG. 15 Microalgae market, 2014 - 2025 (USD Million)
FIG. 16 Others market, 2014 - 2025 (USD Million)
FIG. 17 Synthetic market, 2014 - 2025 (USD Million)
FIG. 18 Astaxanthin market, product outlook: Key takeaways
FIG. 19 Astaxanthin market: Product movement analysis
FIG. 20 Dried algae meal or Biomass market, 2014 - 2025 (USD Million)
FIG. 21 Oil market, 2014 - 2025 (USD Million)
FIG. 22 Softgel market, 2014 - 2025 (USD Million)
FIG. 23 Point of Care (PoC) testing market, 2014 - 2025 (USD Million)
FIG. 24 Others market, 2014 - 2025 (USD Million)
FIG. 25 Astaxanthin market, Application outlook: Key takeaways
FIG. 26 Astaxanthin market: Application movement analysis
FIG. 27 Nutraceuticals market, 2014 - 2025 (USD Million)
FIG. 28 Cosmetics market, 2014 - 2025 (USD Million)
FIG. 29 Aquaculture and animal feed market, 2014 - 2025 (USD Million)
FIG. 30 Others market, 2014 - 2025 (USD Million)
FIG. 31 Regional market place: Key takeaways
FIG. 32 Regional outlook, 2016 & 2025
FIG. 33 Strategy framework
FIG. 34 Market participation and categorization