Dec 5, 2017   SOURCE: BusinessWire

Global Astaxanthin Market - Forecast to Grow at a CAGR of 7.1% During 2017-2023 - Research and Markets

The "Global Astaxanthin Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.

The global Astaxanthin market is expected to grow with the CAGR of approximately 7.1% during the forecast period (2016-2023).

Increasing demand for nutraceuticals due to increasing health awareness is likely to boost astaxanthin market across the globe. Nutraceuticals is anticipated to be the major application segment for astaxanthin market. Astaxanthin is considered as a potential anti-oxidant as compared to lutein, beta carotene and lycopne. It is effective for neutralizing free radical as well as proves to be beneficial for human body. Astaxanthin offers health benefits such as boost immune system prevent and treat cardiovascular disease etc. The use of Astaxanthin also supports in developing human stamina and recovery form wounds, decreasing joint and muscle pain. The factors that are primarily boosting the market growth are increasing consumer shift towards carotenoids, increasing prevalence of cardiovascular diseases, FDA approvals for astaxanthin and increasing demand for cosmetics and personal care products. Growing demand for skin care and anti-aging products is estimated to boost the demand for astaxanthin in cosmetic segment in the forecast period.

In addition, other factors such as increasing consumer safety concerns and regulatory policies for the use of synthetic chemicals are also expected to fuel the astaxanthin market. However, certain factors such as serious concerns associated with astaxanthin due to high dosage consumption and high cost of production are restricting the growth of astaxanthin market. The market is expected to witness good opportunity due to increasing awareness regarding nutraceuticals in developing countries and increasing government support to aquaculture industry.

Companies Mentioned

  • Algatechnologies (Israel)
  • Astareal, Inc. (U.S.)
  • Basf Se (Germany)
  • Beijing Ginko Group (U.S.)
  • Cardax, Inc. (U.S.)
  • Cyanotech Corporation (U.S.)
  • Divis Laboratories Ltd. (India)
  • Igene Biotechnology, Inc. (U.S.)
  • Koninklinjke Dsm N.V. (Netherland)
  • Otsuka Pharmaceutical Co., Ltd. (Japan)
  • Phasex Corporation (U.S.)
  • Piveg, Inc. (U.S.)
  • Spec-Chem Industry, Inc. (China)
  • The Archer Daniels Midland Company (U.S.)
  • Valensa International (U.S.)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/d6wttw/global