Global Astaxanthin Market : Industry Size, Share, Analysis, Trend & Future Planning 2023
Bharat Book Bureau Provides the Trending Market Research Report on“Global Astaxanthin Market, Forecast to 2023” underIndustry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends,Major Players, global presence, and their future prospects.
Astaxanthin market size will grow from USD 550.7 Million in 2017 toUSD 880.3 Million by 2023, at an estimatedCAGR of 8.13%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Astaxanthin has been gaining significance due to its health benefits and a wide range of end-use applications. It finds usage in animal and human applications, wherein it is mainly used to combat the human immune health and skin-related problems, while as a coloring additive in animal feed. The increasing prevalence of nutrient deficiency and changing consumer preferences for preventive healthcare have led to an increase in the demand for astaxanthin in the global market.
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Additionally, consumer shift toward the consumption of vegan food products is also expected to affect the market growth.
By Market Players:
Koninklijke DSM N.V., BASF SE, Cyanotech Corporation, Otsuka Pharmaceutical Co., Ltd., Valensa International, Fuji Chemical Industries Co., Ltd., Divis Laboratories Ltd., Beijing Ginko Group (BGG), Igene Biotechnology Inc., Piveg, Inc., Fenchem Biotek Ltd., Algatechnologies, Cardax, Inc., Supreme Biotechnologies
By Source
Natural Source , Petroleum (Synthetic)
By Application
Feed , Supplements , Food , Cosmetics
By Form
Dry Form , Liquid Form
By Method of Production
Microalgae Cultivation , Fermentation , Extraction , Chemical Synthesis
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
- The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
- The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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