Natural Astaxanthin Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Natural Astaxanthin market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Natural Astaxanthin is projected to rise moderately in the projected time frame of 2023-2030.
Astaxanthin is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. It has the unique capacity to quench free radicals and reactive species of oxygen and to inhibit lipid peroxidation. Studies have shown natural astaxanthin to be over 500 times stronger than vitamin E and much more potent than other carotenoids such as lutein, lycopene and β-carotene.
Natural astaxanthin is famous for strong antioxidant property. Generally, it has two types, astaxanthin oleoresin and astaxanthin powder. Natural astaxanthin content in astaxanthin oleoresin is higher than that in astaxanthin powder. So price of astaxanthin powder is lower than that of astaxanthin oleoresin. In 2020, production of astaxanthin powder was about 36114 Kg, with a share of 53.03%.
Natural astaxanthin is usually used in nutraceuticals, cosmetics, food & beverages, feed and other fields. Most natural astaxanthin manufacturers produce downstream nutraceuticals or cosmetics directly. Nutraceuticals is an important application of natural astaxanthin. Natural astaxanthin consumed in nutraceuticals was about 27677 Kg in 2020.
Although downstream demand for natural astaxanthin is too much, there are only several major suppliers in this industry, such as Cyanotech, Fuji, BGG, Parry Nutraceuticals, Algatechnologies, Biogenic, Jingzhou Natural Astaxanthin, Yunnan Alphy Biotech, ADM and Piveg. Great limitation in this industry is raw material resource. As main raw material of natural astaxanthin, microalga (haematococcus pluvialis) is easily interference by pests and diseases. Once raw material resource is abundant, there will be more and more enterprises entering this industry.
From 2013 to 2020, global natural astaxanthin production increased from 44488 Kg to 68102 Kg, with an average increase rate of 11.23%. Global production regions are mainly concentrated in China, Europe, North America and Japan. In 2020, Europe produced about 11.83% of global total natural astaxanthin. North America produced 42008 Kg, accounting for 61.68% in 2020.
Owing to high price of natural astaxanthin, global consumption regions are mainly distributed in Europe, North America and China. In 2020, North America consumed about 25724 Kg. Followed by Europe, with a consumption amount of 15032 Kg.
In the future, we predict that global demand for natural astaxanthin will keeps increasing. Raw material limitation in this industry will still be a question in next few years. By 2030, we predict that global consumption will be 21249 Kg.
The global Natural Astaxanthin market is valued at xx million US$ in 2020 and will reach xx million US$ by the end of 2030, growing at a CAGR of xx% during 2023-2030. The objectives of this study are to define, segment, and project the size of the Natural Astaxanthin market based on company, product type, end user and key regions.
This report studies the global market size of Natural Astaxanthin in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Natural Astaxanthin in these regions.
This research report categorizes the global Natural Astaxanthin market by top players/brands, region, type and end user. This report also studies the global Natural Astaxanthin market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Objectives of Research:
- The overview of the global Natural Astaxanthin market
- Report comprised of the market companies, to describe and define and analyze the Natural Astaxanthin market value, share competition landscape, development plans and SWOT analysis.
- The report also involves the structure of the industry by identifying its several sub-segments.
- To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market:
The major competitors working in the market are:
, Cyanotech, Fuji, BGG, Parry Nutraceuticals, Algatechnologies, Biogenic, Jingzhou Natural Astaxanthin, Yunnan Alphy Biotech, ADM, Piveg
Market by Order Type
Astaxanthin Oleoresin
Astaxanthin Powder
Others
Market size by End User
Nutraceuticals
Cosmetics
Food & Beverages
Feed
Others
Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
- Summary of the Natural Astaxanthin market comprising definition
- Natural Astaxanthin Market Growth Drivers, Restrains, Challenges and opportunities
- Major trends which is impacting the global Natural Astaxanthin market
- Natural Astaxanthin Market segmentation and complete information about the market
- Regional analysis of the market
- Which regional market will develop as a champion at intervals in the coming years?
- What are the top companies at intervals in the global Natural Astaxanthin market?
- What are the growth strategies of the key players to sustain hold at intervals in the global Natural Astaxanthin market?
Table of Content
Natural Astaxanthin Market – Overview
1.1 Definitions, Overview, and Scope
1.2 Drivers, Restrain, Challenges, Opportunities
Natural Astaxanthin Market – Executive Summary
2.1 Market Revenue and Major Trends, and Challenges
Natural Astaxanthin Market – Comparative Analysis
3.1 Product Benchmarking
3.2 Financial Overview
3.3 Market Cost Divided
3.4 Estimating Examination
Natural Astaxanthin Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Natural Astaxanthin Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Natural Astaxanthin Market – Strategic Complete Overview
6.1 Value Chain Analysis
6.2 Market Opportunities Analysis
6.3 Market Challenges Analysis
6.4 Market Life Cycle
Natural Astaxanthin Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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