Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Astaxanthin Market to Grow at a CAGR of 16.2% During the Period 2022-2027, Driven by Applications in Pharmaceuticals and Nutraceuticals

According to a new report by EMR titled, ‘Global Astaxanthin Market Report and Forecast 2022-2027’, the global astaxanthin market is expected to grow at a CAGR of 16.2% during the period 2022-2027, led by health benefits offered by astaxanthin and potential uses in treatment of various diseases.

Increasing use of astaxanthin in food and health supplements, health benefits offered by astaxanthin, and its potential use in the treatment of various diseases are expected to boost the global astaxanthin market. Astaxanthin is increasingly being used as a nutritional supplement in foods, feeds, pharmaceuticals and nutraceuticals. These applications are expected to contribute to market growth. North America, Europe and Asia are expected to be key markets. For commercial applications, astaxanthin products generally come in the form of soft gels, capsules, oils, syrups, creams, tablets, biomass and granulated powders.

Astaxanthin’s antioxidant properties form the basis of reported health benefits. Astaxanthin has been associated with enhanced blood flow and reduced oxidative stress in smokers and obese individuals. Astaxanthin has been reported to offer several health benefits and help in the prevention and treatment of multiple diseases, including cancer, chronic inflammatory diseases, metabolic syndrome, diabetes, diabetic nephropathy, cardiovascular diseases, gastrointestinal diseases, liver diseases, neurodegenerative diseases, eye diseases, skin diseases, exercise-induced fatigue, male infertility, and renal failure. It is also said to boost immunity.

 

Key Industry Developments

In 2019, Israeli company Algatechnologies launched AstaPure Arava, an all-natural, algae complex with naturally occurring constituents of the Haematococcus Pluvialis algae. According to the company, the species of microalgae is the “richest known source of astaxanthin”. Its properties were supported by research from NIS Labs, a research institute based in the USA.  The microalgae complex has multiple food applications, including power and energy bars, and other products that may be readily combined with powder.

In 2018, Algatech acquired majority stake in algae producer Supreme Health. According to Algatech, the investment would enable the company to supply China and Asia-Pacific markets with more astaxanthin and other algae-based products, including Supreme Health’s Haematococcus pluvialis microalgae strain.

In 2020, Cyanotech® Corporation launched BioAstin® Hawaiian Astaxanthin® in a new delivery form, water dispersible powder, available in both 1% and 2% concentrations. According to the company, the water dispersible natural astaxanthin powder was unique, and formulated with a proprietary blend of plant fibres.

In 2017, NOW Foods and AlgaeHealth announced NOW's launch of Astaxanthin capsules containing AstaZine® Natural Astaxanthin derived from Organic Haematococcus pluvialis microalgae.

In 2020, Lubrizol Life Science Health launched Astagile microcapsules - sustainable, organic-certified astaxanthin microencapsulated with spirulina, designed to promote mental agility and support healthy aging for young and senior adults.

Key Findings of the Report:

  • Increasing use of astaxanthin in nutritional supplement in foods, feeds, pharmaceuticals and nutraceuticals is expected to boost the market. 
  • Astaxanthin’s potential use in the treatment of multiple diseases is likely to stimulate the market. 
  • North America, Europe and Asia are projected to be key markets.

Market Analysis by Product, Source, Application, and Region:

  • By product, the market is classified into Dried Algae Meal or Biomass, Oil, Softgel, Liquid, and Others.
  • By source, the market is segmented into Natural and Synthetic.
  • By application, the market is divided into Aquaculture and Animal Feed, Nutraceuticals, Cosmetics, Food, and Others. 
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER