Market Share of Astaxanthin Industry
The global astaxanthin market has many players and is highly competitive. The market is dominated by global players; however, there is a significant presence of regional players. The key brands are embarking on expansions, mergers and acquisitions, and new product development as some of their key strategies, along with enhancing growth through investing, consolidating, and optimizing their offerings. For instance, in June 2023, a significant partnership emerged between a nutraceutical company and an aquaculture company, focusing on sourcing astaxanthin from responsibly farmed microalgae. This collaboration aims to establish a consistent and environmentally friendly supply chain for this valuable nutraceutical ingredient. Major players in the market are AstaReal Holdings Co. Ltd, KeyNatura, and BGG (Beijing Ginko Group), among others.
Astaxanthin Market Leaders
-
Cyanotech Corporation
-
Beijing Ginko Group
-
Koninklijke DSM N.V.
-
ENEOS Holdings, Inc.
-
BASF SE
*Disclaimer: Major Players sorted in no particular order
