Market Overview:
The global natural astaxanthin oil market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for astaxanthin oil from various applications such as cosmetics, health care products, feed supplements, and others. Additionally, the growing awareness about the benefits of astaxanthin oil is also contributing to the growth of this market. Some of the major players operating in this market are BASF SE (Germany), Chr Hansen Holdings A/S (Denmark), DSM Nutritional Products Ltd. (Netherlands), and Lycored Ltd. (Israel).
Product Definition:
Natural Astaxanthin Oil is a pigment that is found in the cells of some algae and bacteria. It is used as a food coloring and supplements.
Astaxanthin 0.5%:
Astaxanthin 0.5% is a powerful antioxidant and it's used in Natural Astaxanthin Oil for the treatment of cancer, albinism, and xerosis. It has also shown anti-inflammatory effects in some studies which may reduce the risk of cardiovascular diseases.
Astaxanthin 5%:
Astaxanthin 5% is a powerful antioxidant and it's used in the treatment of diseases such as cancer, skin damage, etc. It also helps to reduce the risk of cardiovascular diseases and eye disorders.
Application Insights:
Cosmetic application dominated the global natural astaxanthin oil market, accounting for over 55% of the overall revenue in 2017. The product is used as a color additive in cosmetics and personal care products to impart red color. It is also used as an antioxidant and anti-inflammatory agent in cosmetic formulations.
Astaxanthin has been proven to be beneficial for human health owing to its ability to reduce inflammation and oxidative stress caused by free radicals present in the body. Thus, it is anticipated that consumer preference for using organic products will drive demand over the forecast period.
Regional Analysis:
North America dominated the global natural astaxanthin oil market in terms of revenue with a share of over 40.0% in 2017. This is attributed to high consumer awareness regarding health and well-being along with an increasing number of cosmetic product launches across the region. The U.S., in particular, is one of the largest consumers owing to its advanced healthcare infrastructure and rising geriatric population prone to various diseases associated with aging such as cataract, macular degeneration, osteoporosis, arthritis etc.
Asia Pacific accounted for a significant share due to growing consumer awareness about health coupled with an increasing focus on anti-aging properties resulting into increased demand from end users such as cosmetics manufacturers and feed supplement producers across countries like China.
Growth Factors:
- Increasing demand for natural astaxanthin oil from dietary supplements and functional foods manufacturers due to its various health benefits.
- Rising awareness about the potential health benefits of astaxanthin among consumers is expected to boost the demand for natural astaxanthin oil over the forecast period.
- Growing use of astaxanthin as a natural food colorant in various food products is projected to fuel the growth of the market over the next few years.
- Increasing research and development activities by key players for new applications of astaxanthin is likely to propel market growth in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Astaxanthin Oil Market Research Report
By Type
Astaxanthin 0.5%, Astaxanthin 5%, Others
By Application
Cosmetic Field, Health Care Product, Feed Supplement, Others
By Companies
Xi'an Greena Biotech, Cyanotech, Parry Nutraceuticals, Algatechnologies, Jingzhou Natural Astaxanthin, SagaNatura, BioAktive, Lus Health ingredients, Atacama Bio, 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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Natural Astaxanthin Oil Market Report Segments:
The global Natural Astaxanthin Oil 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
Cosmetic Field, Health Care Product, Feed Supplement, 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
- Cyanotech
- Parry Nutraceuticals
- Algatechnologies
- Jingzhou Natural Astaxanthin
- SagaNatura
- BioAktive
- Lus Health ingredients
- Atacama Bio
- Xi'an Greena Biotech
Highlights of The Natural Astaxanthin Oil 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:
- Cosmetic Field
- Health Care Product
- Feed Supplement
- 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 Natural Astaxanthin Oil 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 oil is a natural pigment found in many marine and freshwater organisms. It is also produced by some microorganisms, including the yeast Saccharomyces cerevisiae. Astaxanthin has been shown to be effective in preventing or treating various diseases, including cancer.
Some of the major companies in the natural astaxanthin oil market are Xi'an Greena Biotech, Cyanotech, Parry Nutraceuticals, Algatechnologies, Jingzhou Natural Astaxanthin, SagaNatura, BioAktive, Lus Health ingredients, Atacama Bio, Xi'an Greena Biotech.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Market Size & Forecast, 2018-2028
4.5.1 Natural Astaxanthin Oil Market Size and Y-o-Y Growth
4.5.2 Natural Astaxanthin Oil Market Absolute $ Opportunity
Chapter 5 Global Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Market Size Forecast by Applications
6.2.1 Cosmetic Field
6.2.2 Health Care Product
6.2.3 Feed Supplement
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Analysis and Forecast
9.1 Introduction
9.2 North America Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Market Size Forecast by Applications
9.10.1 Cosmetic Field
9.10.2 Health Care Product
9.10.3 Feed Supplement
9.10.4 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 Natural Astaxanthin Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Market Size Forecast by Applications
10.10.1 Cosmetic Field
10.10.2 Health Care Product
10.10.3 Feed Supplement
10.10.4 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 Natural Astaxanthin Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Market Size Forecast by Applications
11.10.1 Cosmetic Field
11.10.2 Health Care Product
11.10.3 Feed Supplement
11.10.4 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 Natural Astaxanthin Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Natural Astaxanthin Oil 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 Natural Astaxanthin Oil 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 Natural Astaxanthin Oil Market Size Forecast by Applications
12.10.1 Cosmetic Field
12.10.2 Health Care Product
12.10.3 Feed Supplement
12.10.4 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) Natural Astaxanthin Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Natural Astaxanthin Oil 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) Natural Astaxanthin Oil 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) Natural Astaxanthin Oil Market Size Forecast by Applications
13.10.1 Cosmetic Field
13.10.2 Health Care Product
13.10.3 Feed Supplement
13.10.4 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 Natural Astaxanthin Oil Market: Competitive Dashboard
14.2 Global Natural Astaxanthin Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Xi'an Greena Biotech
14.3.2 Cyanotech
14.3.3 Parry Nutraceuticals
14.3.4 Algatechnologies
14.3.5 Jingzhou Natural Astaxanthin
14.3.6 SagaNatura
14.3.7 BioAktive
14.3.8 Lus Health ingredients
14.3.9 Atacama Bio
14.3.10 Xi'an Greena Biotech
