Market Overview:
The global astaxanthin powder market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for astaxanthin from various application industries such as nutraceuticals, aquaculture, food & beverage, cosmetics and others. Astaxanthin is a natural pigment that is obtained from microalgae and other sources. It has various health benefits such as anti-inflammatory, antioxidant and others which are driving its demand in the global market. North America dominates the global astaxanthin powder market followed by Europe and Asia Pacific region.
Product Definition:
Astaxanthin is a carotenoid pigment that gives salmon and other seafoods their pinkish-orange color. It is also found in krill, lobster, crab, and shrimp. Astaxanthin has been shown to have potent antioxidant properties, making it a valuable ingredient in supplements and functional foods.
Astaxanthin 0.5%:
Astaxanthin 0.5% is a powerful antioxidant and it's usage in the healthcare sector has increased over the past few years. Astaxanthin helps in repairing DNA, strengthening immune system, reducing inflammation & oxidative stress and improves cardiovascular function by decreasing blood pressure & atherosclerosis.
Astaxanthin also acts as an anti-microbial agent which protects against various diseases including tuberculosis, pneumonia, HIV/AIDS related diseases and cancer among others.
Astaxanthin 5%:
Astaxanthin 5% is a powerful antioxidant and it's used in the treatment of cancer, eye disorder, skin damage and many more. Astaxanthin 5% can also be used as a nutritional supplement to improve the immune system response. It has been proven to reduce inflammation by 70%.
Application Insights:
The nutraceutical industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The product is used as a nutritional supplement for treating various health conditions, such as vision improvement, cardiovascular diseases protection, anti-aging properties and cancer prevention. Rising awareness regarding these benefits among consumers is anticipated to fuel market growth during the forecast period.
Astaxanthin has been proven effective against several types of cancer including oral carcinoma, skin carcinoma (melanoma), breast carcinoma and lung carcinoma. It exhibits strong antioxidant activity which helps in preventing free radical damage to cells that leads to mutations & cancers.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing awareness about nutritional products and presence of key manufacturers in this region. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to growing health awareness among people and rising disposable income levels in developing countries such as China, India, Thailand, Malaysia and Indonesia.
Europe accounted for a significant share of revenue generation owing high product adoption by nutraceutical companies operating across this region especially Germany followed by U.K.
Growth Factors:
- Increasing demand for astaxanthin as a dietary supplement owing to its various health benefits.
- Rising awareness about the potential health benefits of astaxanthin, which is driving its demand as a functional food additive and dietary supplement.
- Growing use of astaxanthin in animal feed due to its anti-inflammatory and antioxidant properties.
- Increasing research on the therapeutic potential of astaxanthin for treating various diseases and disorders is expected to boost the market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Astaxanthin Powder Market Research Report
By Type
Astaxanthin 0.5%, Astaxanthin 5%, Others
By Application
Nutraceutical Industry, Aquaculture Industry, Food & Beverage Industry, Medicine Field, Cosmetic Industry, Others
By Companies
Xi'an Greena Biotech, Algatechnologies, Lus Health ingredients, Atacama Bio, ETChem, Herbo Nutra, Zhejiang Tianhecheng Bio-technology Shares, Xi'an Greena Biotech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Astaxanthin Powder Market Report Segments:
The global Astaxanthin Powder market is segmented on the basis of:
Types
Astaxanthin 0.5%, Astaxanthin 5%, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nutraceutical Industry, Aquaculture Industry, Food & Beverage Industry, Medicine Field, Cosmetic Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xi'an Greena Biotech
- Algatechnologies
- Lus Health ingredients
- Atacama Bio
- ETChem
- Herbo Nutra
- Zhejiang Tianhecheng Bio-technology Shares
- Xi'an Greena Biotech
Highlights of The Astaxanthin Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Astaxanthin 0.5%
- Astaxanthin 5%
- Others
- By Application:
- Nutraceutical Industry
- Aquaculture Industry
- Food & Beverage Industry
- Medicine Field
- Cosmetic Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Astaxanthin Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Astaxanthin is a carotenoid that occurs in many marine and freshwater organisms. It has been shown to be effective in reducing the risk of heart disease, cancer, and other chronic diseases. Astaxanthin powder is a concentrated form of astaxanthin that can be used as an antioxidant supplement or food additive.
Some of the key players operating in the astaxanthin powder market are Xi'an Greena Biotech, Algatechnologies, Lus Health ingredients, Atacama Bio, ETChem, Herbo Nutra, Zhejiang Tianhecheng Bio-technology Shares, Xi'an Greena Biotech.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Astaxanthin Powder Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Astaxanthin Powder Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Astaxanthin Powder Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Astaxanthin Powder Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Astaxanthin Powder Market Size & Forecast, 2018-2028 4.5.1 Astaxanthin Powder Market Size and Y-o-Y Growth 4.5.2 Astaxanthin Powder Market Absolute $ Opportunity
Chapter 5 Global Astaxanthin Powder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Astaxanthin Powder Market Size Forecast by Type
5.2.1 Astaxanthin 0.5%
5.2.2 Astaxanthin 5%
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Astaxanthin Powder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Astaxanthin Powder Market Size Forecast by Applications
6.2.1 Nutraceutical Industry
6.2.2 Aquaculture Industry
6.2.3 Food & Beverage Industry
6.2.4 Medicine Field
6.2.5 Cosmetic Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Astaxanthin Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Astaxanthin Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Astaxanthin Powder Analysis and Forecast
9.1 Introduction
9.2 North America Astaxanthin Powder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Astaxanthin Powder Market Size Forecast by Type
9.6.1 Astaxanthin 0.5%
9.6.2 Astaxanthin 5%
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Astaxanthin Powder Market Size Forecast by Applications
9.10.1 Nutraceutical Industry
9.10.2 Aquaculture Industry
9.10.3 Food & Beverage Industry
9.10.4 Medicine Field
9.10.5 Cosmetic Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Astaxanthin Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Astaxanthin Powder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Astaxanthin Powder Market Size Forecast by Type
10.6.1 Astaxanthin 0.5%
10.6.2 Astaxanthin 5%
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Astaxanthin Powder Market Size Forecast by Applications
10.10.1 Nutraceutical Industry
10.10.2 Aquaculture Industry
10.10.3 Food & Beverage Industry
10.10.4 Medicine Field
10.10.5 Cosmetic Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Astaxanthin Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Astaxanthin Powder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Astaxanthin Powder Market Size Forecast by Type
11.6.1 Astaxanthin 0.5%
11.6.2 Astaxanthin 5%
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Astaxanthin Powder Market Size Forecast by Applications
11.10.1 Nutraceutical Industry
11.10.2 Aquaculture Industry
11.10.3 Food & Beverage Industry
11.10.4 Medicine Field
11.10.5 Cosmetic Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Astaxanthin Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Astaxanthin Powder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Astaxanthin Powder Market Size Forecast by Type
12.6.1 Astaxanthin 0.5%
12.6.2 Astaxanthin 5%
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Astaxanthin Powder Market Size Forecast by Applications
12.10.1 Nutraceutical Industry
12.10.2 Aquaculture Industry
12.10.3 Food & Beverage Industry
12.10.4 Medicine Field
12.10.5 Cosmetic Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Astaxanthin Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Astaxanthin Powder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Astaxanthin Powder Market Size Forecast by Type
13.6.1 Astaxanthin 0.5%
13.6.2 Astaxanthin 5%
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Astaxanthin Powder Market Size Forecast by Applications
13.10.1 Nutraceutical Industry
13.10.2 Aquaculture Industry
13.10.3 Food & Beverage Industry
13.10.4 Medicine Field
13.10.5 Cosmetic Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Astaxanthin Powder Market: Competitive Dashboard
14.2 Global Astaxanthin Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Xi'an Greena Biotech
14.3.2 Algatechnologies
14.3.3 Lus Health ingredients
14.3.4 Atacama Bio
14.3.5 ETChem
14.3.6 Herbo Nutra
14.3.7 Zhejiang Tianhecheng Bio-technology Shares
14.3.8 Xi'an Greena Biotech