How big is the Astaxanthin Market?

The Astaxanthin Market size is expected to reach USD 2.14 billion in 2024 and grow at a CAGR of 5.80% to reach USD 3.22 billion by 2029. Read More

What is the current Astaxanthin Market size?

In 2024, the Astaxanthin Market size is expected to reach USD 2.14 billion. Read More

Who are the key players in Astaxanthin Market?

Cyanotech Corporation, Beijing Ginko Group, Koninklijke DSM N.V., ENEOS Holdings, Inc. and BASF SE are the major companies operating in the Astaxanthin Market. Read More

Which is the fastest growing region in Astaxanthin Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Astaxanthin Market?

In 2024, the North America accounts for the largest market share in Astaxanthin Market. Read More

What years does this Astaxanthin Market cover, and what was the market size in 2023?

In 2023, the Astaxanthin Market size was estimated at USD 2.02 billion. The report covers the Astaxanthin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Astaxanthin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Astaxanthin Market - Size, Growth & Share

Astaxanthin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Astaxanthin Market Report is Segmented by Type (Natural and Synthetic), Form (Liquid and Powder), Application (Food and Beverages, Dietary Supplements, Animal Feed, Cosmetics, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Sizes and Forecasts in Value Terms (USD) for all the Abovementioned Segments.

Astaxanthin Industry Overview

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.