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Astaxanthin-Global Market Insights and Sales Trends 2025

Astaxanthin-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1816245

No of Pages : 113

Synopsis
Astaxanthin (CAS 472-61-7) is a naturally occurring dark red carotenoid found in nature primarily in aquatic animals such as salmon, trout, krill, shrimp, crayfish, and crustaceans. Astaxanthin is more than just a red pigment, it is one of the most powerful lipophilic antioxidants yet discovered. 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. Moreover, Astaxanthin a xanthophyll carotenoid, is a nutrient with a unique molecule structure, it does not convert to vitamin a (retinol) and has no “pro-oxidant” activity. Natural astaxanthin is biosynthesized by living microalgae (H. Pluvialis). Natural astaxanthin in supplements is typically produced by a specific type of microalgae (Haematococcus pluvialis), and also occurs in fish and crustaceans that consume this algae, including shrimp, salmon and krill.Natural astaxanthin is a dietary supplement with extremely powerful antioxidant benefits for human applications. According to the purity in the commercial market, the product can be divided to be various types based on the two types: Astaxanthin Oleoresin and Astaxanthin Powder. Currently, the major commercially available sources of synthetic astaxanthin come from petrochemicals.The chemical difference between natural and synthetic astaxanthin lies in the stereochemical orientation of the molecules in space (those different molecules are called “enantiomers”). astaxanthin exists in three main enantiomeric forms, termed 3S-3’S, 3R-3’S, and 3R-3’R.
The global Astaxanthin market size is expected to reach US$ 397.8 million by 2029, growing at a CAGR of 9.9% from 2023 to 2029. The market is mainly driven by the significant applications of Astaxanthin in various end use industries. The expanding demands from the Feed, Nutraceuticals & Medical, Cosmetics and Food & Beverages, are propelling Astaxanthin market. Natural Astaxanthin, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Synthetic Astaxanthin segment is estimated at % CAGR for the next seven-year period.
Major global astaxanthin (CAS 472-61-7) players include Royal DSM N.V., Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., BASF and Algalif Iceland ehf. Etc. The top five players in the world by revenue account for almost 57 per cent. The European region is the world's largest market with a market share of about 47%, followed by North America and China with about 23% and 20%, respectively. In terms of product type, natural astaxanthin is the largest market segment, accounting for 70% of the market share, and in terms of application, nutraceuticals and medical have the largest share, accounting for about 48%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Astaxanthin, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Astaxanthin market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Astaxanthin market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Astaxanthin sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Astaxanthin covered in this report include Royal DSM N.V., Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., BASF, Algalíf Iceland ehf., BGG, Atacama Bio Natural Products S.A., Yunnan Alphy Biotech Co., Ltd. and Piveg, Inc., etc.
The global Astaxanthin market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Royal DSM N.V.
Cyanotech Corporation
Fuji Chemical Industries Co., Ltd.
BASF
Algalíf Iceland ehf.
BGG
Atacama Bio Natural Products S.A.
Yunnan Alphy Biotech Co., Ltd.
Piveg, Inc.
Zhejiang NHU Company Ltd.
ENEOS Techno Materials Corporation
Jingzhou Natural Astaxanthin, Inc.
AlgaTechnologies Ltd.
Algamo s.r.o.
Parry Nutraceuticals
Biogenic Co., Ltd.
Global Astaxanthin market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Astaxanthin market, Segment by Type:
Natural Astaxanthin
Synthetic Astaxanthin
Global Astaxanthin market, by Application
Feed
Nutraceuticals & Medical
Cosmetics
Food & Beverages
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Astaxanthin manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Astaxanthin in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Astaxanthin Market Overview
1.1 Astaxanthin Product Overview
1.2 Astaxanthin Market Segment by Type
1.2.1 Natural Astaxanthin
1.2.2 Synthetic Astaxanthin
1.3 Global Astaxanthin Market Size by Type
1.3.1 Global Astaxanthin Market Size Overview by Type (2018-2029)
1.3.2 Global Astaxanthin Historic Market Size Review by Type (2018-2023)
1.3.3 Global Astaxanthin Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Astaxanthin Sales Breakdown by Type (2018-2023)
1.4.2 Europe Astaxanthin Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Astaxanthin Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Astaxanthin Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Astaxanthin Sales Breakdown by Type (2018-2023)
2 Global Astaxanthin Market Competition by Company
2.1 Global Top Players by Astaxanthin Sales (2018-2023)
2.2 Global Top Players by Astaxanthin Revenue (2018-2023)
2.3 Global Top Players by Astaxanthin Price (2018-2023)
2.4 Global Top Manufacturers Astaxanthin Manufacturing Base Distribution, Sales Area, Product Type
2.5 Astaxanthin Market Competitive Situation and Trends
2.5.1 Astaxanthin Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Astaxanthin Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Astaxanthin as of 2022)
2.7 Date of Key Manufacturers Enter into Astaxanthin Market
2.8 Key Manufacturers Astaxanthin Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Astaxanthin Status and Outlook by Region
3.1 Global Astaxanthin Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Astaxanthin Historic Market Size by Region
3.2.1 Global Astaxanthin Sales in Volume by Region (2018-2023)
3.2.2 Global Astaxanthin Sales in Value by Region (2018-2023)
3.2.3 Global Astaxanthin Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Astaxanthin Forecasted Market Size by Region
3.3.1 Global Astaxanthin Sales in Volume by Region (2024-2029)
3.3.2 Global Astaxanthin Sales in Value by Region (2024-2029)
3.3.3 Global Astaxanthin Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Astaxanthin by Application
4.1 Astaxanthin Market Segment by Application
4.1.1 Feed
4.1.2 Nutraceuticals & Medical
4.1.3 Cosmetics
4.1.4 Food & Beverages
4.2 Global Astaxanthin Market Size by Application
4.2.1 Global Astaxanthin Market Size Overview by Application (2018-2029)
4.2.2 Global Astaxanthin Historic Market Size Review by Application (2018-2023)
4.2.3 Global Astaxanthin Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Astaxanthin Sales Breakdown by Application (2018-2023)
4.3.2 Europe Astaxanthin Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Astaxanthin Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Astaxanthin Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Astaxanthin Sales Breakdown by Application (2018-2023)
5 North America Astaxanthin by Country
5.1 North America Astaxanthin Historic Market Size by Country
5.1.1 North America Astaxanthin Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Astaxanthin Sales in Volume by Country (2018-2023)
5.1.3 North America Astaxanthin Sales in Value by Country (2018-2023)
5.2 North America Astaxanthin Forecasted Market Size by Country
5.2.1 North America Astaxanthin Sales in Volume by Country (2024-2029)
5.2.2 North America Astaxanthin Sales in Value by Country (2024-2029)
6 Europe Astaxanthin by Country
6.1 Europe Astaxanthin Historic Market Size by Country
6.1.1 Europe Astaxanthin Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Astaxanthin Sales in Volume by Country (2018-2023)
6.1.3 Europe Astaxanthin Sales in Value by Country (2018-2023)
6.2 Europe Astaxanthin Forecasted Market Size by Country
6.2.1 Europe Astaxanthin Sales in Volume by Country (2024-2029)
6.2.2 Europe Astaxanthin Sales in Value by Country (2024-2029)
7 Asia-Pacific Astaxanthin by Region
7.1 Asia-Pacific Astaxanthin Historic Market Size by Region
7.1.1 Asia-Pacific Astaxanthin Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Astaxanthin Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Astaxanthin Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Astaxanthin Forecasted Market Size by Region
7.2.1 Asia-Pacific Astaxanthin Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Astaxanthin Sales in Value by Region (2024-2029)
8 Latin America Astaxanthin by Country
8.1 Latin America Astaxanthin Historic Market Size by Country
8.1.1 Latin America Astaxanthin Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Astaxanthin Sales in Volume by Country (2018-2023)
8.1.3 Latin America Astaxanthin Sales in Value by Country (2018-2023)
8.2 Latin America Astaxanthin Forecasted Market Size by Country
8.2.1 Latin America Astaxanthin Sales in Volume by Country (2024-2029)
8.2.2 Latin America Astaxanthin Sales in Value by Country (2024-2029)
9 Middle East and Africa Astaxanthin by Country
9.1 Middle East and Africa Astaxanthin Historic Market Size by Country
9.1.1 Middle East and Africa Astaxanthin Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Astaxanthin Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Astaxanthin Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Astaxanthin Forecasted Market Size by Country
9.2.1 Middle East and Africa Astaxanthin Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Astaxanthin Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Royal DSM N.V.
10.1.1 Royal DSM N.V. Company Information
10.1.2 Royal DSM N.V. Introduction and Business Overview
10.1.3 Royal DSM N.V. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Royal DSM N.V. Astaxanthin Products Offered
10.1.5 Royal DSM N.V. Recent Development
10.2 Cyanotech Corporation
10.2.1 Cyanotech Corporation Company Information
10.2.2 Cyanotech Corporation Introduction and Business Overview
10.2.3 Cyanotech Corporation Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Cyanotech Corporation Astaxanthin Products Offered
10.2.5 Cyanotech Corporation Recent Development
10.3 Fuji Chemical Industries Co., Ltd.
10.3.1 Fuji Chemical Industries Co., Ltd. Company Information
10.3.2 Fuji Chemical Industries Co., Ltd. Introduction and Business Overview
10.3.3 Fuji Chemical Industries Co., Ltd. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fuji Chemical Industries Co., Ltd. Astaxanthin Products Offered
10.3.5 Fuji Chemical Industries Co., Ltd. Recent Development
10.4 BASF
10.4.1 BASF Company Information
10.4.2 BASF Introduction and Business Overview
10.4.3 BASF Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BASF Astaxanthin Products Offered
10.4.5 BASF Recent Development
10.5 Algalíf Iceland ehf.
10.5.1 Algalíf Iceland ehf. Company Information
10.5.2 Algalíf Iceland ehf. Introduction and Business Overview
10.5.3 Algalíf Iceland ehf. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Algalíf Iceland ehf. Astaxanthin Products Offered
10.5.5 Algalíf Iceland ehf. Recent Development
10.6 BGG
10.6.1 BGG Company Information
10.6.2 BGG Introduction and Business Overview
10.6.3 BGG Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.6.4 BGG Astaxanthin Products Offered
10.6.5 BGG Recent Development
10.7 Atacama Bio Natural Products S.A.
10.7.1 Atacama Bio Natural Products S.A. Company Information
10.7.2 Atacama Bio Natural Products S.A. Introduction and Business Overview
10.7.3 Atacama Bio Natural Products S.A. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Atacama Bio Natural Products S.A. Astaxanthin Products Offered
10.7.5 Atacama Bio Natural Products S.A. Recent Development
10.8 Yunnan Alphy Biotech Co., Ltd.
10.8.1 Yunnan Alphy Biotech Co., Ltd. Company Information
10.8.2 Yunnan Alphy Biotech Co., Ltd. Introduction and Business Overview
10.8.3 Yunnan Alphy Biotech Co., Ltd. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Yunnan Alphy Biotech Co., Ltd. Astaxanthin Products Offered
10.8.5 Yunnan Alphy Biotech Co., Ltd. Recent Development
10.9 Piveg, Inc.
10.9.1 Piveg, Inc. Company Information
10.9.2 Piveg, Inc. Introduction and Business Overview
10.9.3 Piveg, Inc. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Piveg, Inc. Astaxanthin Products Offered
10.9.5 Piveg, Inc. Recent Development
10.10 Zhejiang NHU Company Ltd.
10.10.1 Zhejiang NHU Company Ltd. Company Information
10.10.2 Zhejiang NHU Company Ltd. Introduction and Business Overview
10.10.3 Zhejiang NHU Company Ltd. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Zhejiang NHU Company Ltd. Astaxanthin Products Offered
10.10.5 Zhejiang NHU Company Ltd. Recent Development
10.11 ENEOS Techno Materials Corporation
10.11.1 ENEOS Techno Materials Corporation Company Information
10.11.2 ENEOS Techno Materials Corporation Introduction and Business Overview
10.11.3 ENEOS Techno Materials Corporation Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.11.4 ENEOS Techno Materials Corporation Astaxanthin Products Offered
10.11.5 ENEOS Techno Materials Corporation Recent Development
10.12 Jingzhou Natural Astaxanthin, Inc.
10.12.1 Jingzhou Natural Astaxanthin, Inc. Company Information
10.12.2 Jingzhou Natural Astaxanthin, Inc. Introduction and Business Overview
10.12.3 Jingzhou Natural Astaxanthin, Inc. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Jingzhou Natural Astaxanthin, Inc. Astaxanthin Products Offered
10.12.5 Jingzhou Natural Astaxanthin, Inc. Recent Development
10.13 AlgaTechnologies Ltd.
10.13.1 AlgaTechnologies Ltd. Company Information
10.13.2 AlgaTechnologies Ltd. Introduction and Business Overview
10.13.3 AlgaTechnologies Ltd. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.13.4 AlgaTechnologies Ltd. Astaxanthin Products Offered
10.13.5 AlgaTechnologies Ltd. Recent Development
10.14 Algamo s.r.o.
10.14.1 Algamo s.r.o. Company Information
10.14.2 Algamo s.r.o. Introduction and Business Overview
10.14.3 Algamo s.r.o. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Algamo s.r.o. Astaxanthin Products Offered
10.14.5 Algamo s.r.o. Recent Development
10.15 Parry Nutraceuticals
10.15.1 Parry Nutraceuticals Company Information
10.15.2 Parry Nutraceuticals Introduction and Business Overview
10.15.3 Parry Nutraceuticals Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Parry Nutraceuticals Astaxanthin Products Offered
10.15.5 Parry Nutraceuticals Recent Development
10.16 Biogenic Co., Ltd.
10.16.1 Biogenic Co., Ltd. Company Information
10.16.2 Biogenic Co., Ltd. Introduction and Business Overview
10.16.3 Biogenic Co., Ltd. Astaxanthin Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Biogenic Co., Ltd. Astaxanthin Products Offered
10.16.5 Biogenic Co., Ltd. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Astaxanthin Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Astaxanthin Industrial Chain Analysis
11.4 Astaxanthin Market Dynamics
11.4.1 Astaxanthin Industry Trends
11.4.2 Astaxanthin Market Drivers
11.4.3 Astaxanthin Market Challenges
11.4.4 Astaxanthin Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Astaxanthin Distributors
12.3 Astaxanthin Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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