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Astaxanthin Market by Source (Natural, Synthetic), Form (Dry, Liquid), Method of Production (Chemical Synthesis, Fermentation, Extraction), Application (Food & Beverages, Pharmaceuticals, Nutraceuticals, Animal Feed) - Global Forecast to 2030

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The Astaxanthin Market is projected to reach $1.34 billion by 2030, at a CAGR of 8.2% during the forecast period of 2024–2030. The growing awareness about the benefits of natural food colors and clean-label products and the increasing demand for natural cosmetics products and dietary supplements are the key factors driving the growth of the astaxanthin market. Furthermore, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa and government initiatives to support aquaculture are expected to provide significant opportunities for the players operating in this market.

The Impact of COVID-19 on the Astaxanthin Market

The COVID-19 outbreak created a severe public health emergency globally, with its quick spread in more than 150 countries. Numerous countries worldwide declared emergencies and announced complete nationwide, statewide, or citywide lockdowns to combat & control the spread of this disease, halting all travel, transport, manufacturing, educational institutions, and non-essential trade. This impacted many industries globally, including animal feed, food & beverage, dietary supplements, and cosmetics.

Governments enforced restrictions on operating capacities to ensure social distancing and curb the spread of the virus. Supply chains were disrupted, resulting in production limitations, complications in raw materials sourcing, and higher delivery costs, impacting the global astaxanthin market. Moreover, governments announced a temporary ban on foreign air travel. These factors affected the sales of astaxanthin products. In addition, restrictions on the export and import of non-essential products due to temporary border closures in some countries further hindered the growth of this market.

However, according to an article published by Nutrition Outlook, the sales of dietary supplements increased during the pandemic due to their ability to strengthen the immune system against COVID-19. During the last week of March 2020, the sales of dietary supplements in the U.S. sharply increased by more than 35%. Thus, the growing demand for dietary supplements propelled the growth of the astaxanthin market.

Astaxanthin Market

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Increasing Awareness about the Benefits of Natural Food Colors to Drive the Growth of the Astaxanthin Market

The preference for natural food colors over synthetic food colors is increasing due to growing consumer awareness regarding organic products, the health hazards of synthetic colors, and the health benefits of natural food colors. The use of artificial ingredients to enhance food production has led to various health hazards. Nowadays, consumers’ rising health consciousness and growing inclination towards environment-friendly products are driving the demand for naturally grown food products across the globe. Thus, to cater to the growing demand for natural food products, food manufacturers widely use natural food colors to restore the attractiveness of food & beverage products after processing.

Natural food colors or dyes are mainly obtained from plants, animals, fruits, insects, and minerals, making them safe to use as a food additive. They are free from harmful side effects. The use of natural colors is also increasing due to their non-toxic/less toxic nature and fewer side effects compared to artificial colors. Furthermore, governments of various countries are supporting the use of natural food colors as they are biodegradable and do not cause pollution after disposal. Several regulations promoting the use of natural food colors have been passed in many regions, which is further expected to drive the demand for natural food colors across the globe.

The demand for organic foods is constantly increasing, mainly due to consumers’ perception that they are healthier and safer than conventional foods. Organic food is produced without synthetic fertilizers, pesticides, growth hormones, antibiotics, genetically modified organisms (GMOs), colors, flavors, and ingredients. Natural food colors are widely used in organic foods to make them more attractive. Furthermore, the expansion of the food & beverage industry has positively impacted the global natural food colors market, as the consumption of natural food is increasing across the globe, which, in turn, is expected to drive the demand for astaxanthin in the next few years.

Astaxanthin is considered one of the greatest antioxidants in nature due to its benefits in cognition and heart function. For this reason, astaxanthin produced by microalgae is added to capsules and foods for direct human consumption. Recently, natural astaxanthin has gained much traction in the food & beverage industry as a substitute for synthetic astaxanthin that negatively impacts human health upon consumption. Additionally, the preventive effects of natural astaxanthin on chronic diseases have boosted its adoption in the food & beverage industry. Therefore, the growing demand for organic foods and the expanding food & beverage industry fuel the demand for natural food colorants such as natural astaxanthin, which is expected to boost the growth of the astaxanthin market.

Key Findings in the Astaxanthin Market Study:

In 2024, the Natural Segment is Expected to Dominate the Astaxanthin Market

Based on source, the astaxanthin market is segmented into natural and synthetic. In 2024, the natural segment is expected to account for the larger share of the astaxanthin market. The large market share of this segment is attributed to its strong antioxidant activity and health benefits, such as immune system support, inflammation reduction, sunburn prevention, and cognitive health support. In addition, factors such as high demand for natural astaxanthin in nutraceutical applications, wide-scale availability of natural astaxanthin, rising demand for astaxanthin for cancer treatment, growing health-conscious population, and higher efficacy compared to synthetic products are expected to fuel the growth of this segment.

In 2024, the Dry Form Segment is Expected to Dominate the Astaxanthin Market

Based on form, the astaxanthin market is segmented into dry and liquid. In 2024, the dry segment is expected to account for the larger share of the astaxanthin market. The large market share of this segment is attributed to the advantages of dry astaxanthin, such as ease in handling, transport, and use; longer shelf life of ingredients due to the absence of water; and better ingredient functionality and stability. These advantages have increased the utilization of astaxanthin in dry form in the food and beverages, pharmaceuticals, and cosmetics industries.

In 2024, the Chemical Synthesis Segment is Expected to Dominate the Astaxanthin Market

Based on method of production, in 2024, the chemical synthesis segment is expected to account for the largest share of the astaxanthin market. The large market share of this segment is attributed to the low cost of production, easy application, and good stability against low pH.

The Nutraceuticals Segment is Projected to Witness Highest Demand During the Forecast Period

Based on application, the nutraceuticals segment is projected to witness significant growth during the forecast period of 2024–2030. The rapid growth of this segment is mainly attributed to astaxanthin’s ability to control free radicals enhanced by nutraceuticals, thereby becoming the preferred choice to treat various health ailments, including muscle endurance, gastritis, diabetes, and cardiovascular diseases, among others. Furthermore, astaxanthin’s antioxidant properties, low side effects, and high nutritional value have made them the priority choice as raw materials in nutraceuticals.

Asia-Pacific: Fastest-growing Regional Market

Based on geography, in 2024, Europe is expected to account for the largest share of the astaxanthin market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of Europe is attributed to the growing food & beverage industry, rising health & wellness trends, increasing feed production, and growing demand for chemical-free cosmetics. Furthermore, the increase in the aging population in the region has led to a surge in demand for astaxanthin to reduce the risk of diabetes, cancer, and other heart-related issues.

However, the market in Asia-Pacific is slated to record the fastest growth rate during the forecast period. The growth of this regional market is driven by the growing consumer preference for natural ingredients, increasing production and consumption of nutraceuticals, rising consumer awareness regarding the negative effects of synthetic astaxanthin coupled with the growth in spending abilities of the consumers, strong growth in the food & beverage industry, and increased animal feed demand.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the astaxanthin market between 2020 and 2024. The key players profiled in this astaxanthin market study are Algatechnologies Ltd. (Israel), BASF SE (Germany), BGG (Beijing Gingko Group) (China), Cardax, Inc. (U.S.), Cyanotech Corporation (U.S.), Divi's Laboratories Limited (India), Koninklijke DSM N.V. (Netherlands), Fenchem (China), Fuji Chemical Industries Co., Ltd. (Japan), Valensa International (U.S.), Otsuka Holdings Co., Ltd. (Japan), Piveg, Inc. (U.S.), Vidya Europe SAS (France), Wellgreen Technology Co., Ltd. (China), and Algalíf Iceland ehf (Iceland).

Scope of the Report

Astaxanthin Market, by Source

Natural
Synthetic

Astaxanthin Market, by Form

Dry
Liquid

Astaxanthin Market, by Method of Production

Chemical Synthesis
Microalgae Cultivation
Fermentation
Extraction

Astaxanthin Market, by Application

Food & Beverages
Nutraceuticals
Animal Feed
Pharmaceuticals
Personal Care & Cosmetics
Other Applications

Astaxanthin Market, by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific (RoAPAC)
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
Middle East & Africa (MEA)

Key Questions Answered in the Report:

What is the focus of the astaxanthin market?

This report covers the market sizes & forecasts of the astaxanthin market based on source, form, method of production, application, and geography. This report also provides the value analysis of various segments and subsegments of the astaxanthin market at the regional and country levels.

What is the value of revenue generated from astaxanthin across the globe? At what rate is the demand expected to grow for the next 5–7 years?

The astaxanthin market is projected to reach a value of $1.34 billion by 2030, growing at a CAGR of 8.2% during the forecast period.

Which source category held the major share of the market in 2024?

Based on source, in 2024, the natural segment is expected to account for the largest share of the astaxanthin market.

Which is the high-growth application segment of the astaxanthin market?

Based on application, the nutraceuticals segment is slated to register the fastest growth rate during the forecast period. The growth of this segment is attributed to astaxanthin’s ability to control free radicals enhanced by nutraceuticals, thereby becoming the preferred choice to treat various health ailments, including muscle endurance, gastritis, diabetes, and cardiovascular diseases, among others. Furthermore, astaxanthin’s antioxidant properties, low side effects, and high nutritional value make them the priority choice as raw materials in nutraceuticals.

What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and entrants in the astaxanthin market?

This market is driven by the growing awareness about the benefits of natural food colors and clean-label products and the increasing demand for natural cosmetics products and dietary supplements. Furthermore, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa and government initiatives to support aquaculture provide significant opportunities for the growth of this market.

Who are the major players operating in the astaxanthin market?

The key players operating in the astaxanthin market are Algatechnologies Ltd. (Israel), BASF SE (Germany), BGG (Beijing Gingko Group) (China), Cardax, Inc. (U.S.), Cyanotech Corporation (U.S.), Divi's Laboratories Limited (India), Koninklijke DSM N.V. (Netherlands), Fenchem (China), Fuji Chemical Industries Co., Ltd. (Japan), Valensa International (U.S.), Otsuka Holdings Co., Ltd. (Japan), Piveg, Inc. (U.S.), Vidya Europe SAS (France), Wellgreen Technology Co., Ltd. (China), and Algalíf Iceland ehf (Iceland).

Which Regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

Countries from Asia & Latin America are projected to offer significant growth opportunities for the vendors in this market due to factors such as the growing population, the region’s growing food & beverage processing sector, substantial growth in the livestock sector, rising pharmaceutical industry, and growing focus on wellness trends.

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1.   Introduction
1.1.   Market Definition
1.2.   Market Ecosystem
1.3.   Currency
1.4.   Key Stakeholders
2.   Research Methodology
2.1.   Research Process
2.2.   Data Collection & Validation
2.2.1.   Secondary Research
2.2.2.   Primary Research
2.3.   Market Assessment
2.3.1.   Market Size Estimation
2.3.1.1.   Bottom-up Approach
2.3.1.2.   Top-down Approach
2.3.1.3.   Growth forecast
2.3.2.   Market Share Estimation
2.4.   Assumptions for the Study
2.5.   Limitations of the Study
3.   Executive Summary
3.1.   Introduction
3.2.   Segmental Analysis
3.2.1.   Astaxanthin Market Analysis: by Source
3.2.2.   Astaxanthin Market Analysis: by Form
3.2.3.   Astaxanthin Market Analysis: by Method of Production
3.2.4.   Astaxanthin Market Analysis: by Application
3.3.   Regional Analysis
3.4.   Key Players
4.   Market Insights
4.1.   Introduction
4.2.   Drivers
4.2.1.   Growing Awareness About Clean-label Products
4.2.2 Increasing Demand for Natural Cosmetics Products
4.2.3. Growing Awareness About the Benefits of Natural Food Colors
4.2.4.   Increasing Demand for Dietary Supplements
4.3.   Restraints
4.3.1.   Stringent Regulatory and Approval Norms
4.3.2.   High Cost of Natural Astaxanthin
4.4.   Opportunities
4.4.1.   Emerging Economies in Asia-Pacific, Latin America, and the Middle East & Africa
4.4.2.   Government Initiatives to Support Aquaculture
4.5.   The Impact of COVID-19 on the Global Astaxanthin Market
5.   Global Astaxanthin Market, by Source
5.1.   Introduction
5.2.   Natural
5.3.   Synthetic
6.   Global Astaxanthin Market, by Form
6.1.   Introduction
6.2.   Dry
6.3.   Liquid
7.   Global Astaxanthin Market, by Method of Production
7.1.   Introduction
7.2.   Chemical Synthesis
7.3.   Microalgae Cultivation
7.4.   Fermentation
7.5.   Extraction
8.    Global Astaxanthin Market, by Application
8.1.   Introduction
8.2.   Food & Beverages
8.3.   Nutraceuticals
8.4.   Animal Feed
8.5.   Pharmaceuticals
8.6.   Personal Care & Cosmetics
8.7.   Other Applications
9. Astaxanthin Market, by Geography
9.1.   Introduction
9.2.   North America
9.2.1.   U.S.
9.2.2.   Canada
9.3.   Europe
9.3.1.   Germany
9.3.2.   France
9.3.3.   U.K.
9.3.4.   Italy
9.3.5.   Spain
9.3.6.   Rest of Europe (RoE)
9.4.   Asia-Pacific
9.4.1.   China
9.4.2.   Japan
9.4.3.   India
9.4.4.   Australia
9.4.5.   Rest of Asia-Pacific (RoAPAC)
9.5.   Latin America
9.5.1.   Brazil
9.5.2.   Mexico
9.5.3.   Argentina
9.5.4.   Rest of Latin America (RoLATAM)
9.6.   Middle East & Africa
10.   Competitive Landscape
10.1.   Introduction
10.2.   Key Strategic Developments
10.3.   Competitive Benchmarking
10.4.   Market Share Analysis, by Key Players, 2022 (%)
11.   Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1.   Algatechnologies Ltd.
11.2.   BASF SE
11.3.   BGG (Beijing Gingko Group)
11.4.   Cardax, Inc.
11.5.   Cyanotech Corporation
11.6.   Divi's Laboratories Limited
11.7.   Koninklijke DSM N.V.
11.8.   Fenchem
11.9.   Fuji Chemical Industries Co., Ltd.
11.10.   Valensa International
11.11.   Otsuka Holdings Co., Ltd.
11.12.   Piveg, Inc.
11.13.   Vidya Europe SAS
11.14.   Wellgreen Technology Co., Ltd.
11.15.   Algalíf Iceland ehf
11.16.   Other Companies
12.   Appendix
12.1.   Questionnaire
12.2.   Available Customization

List of Tables
Table 1   Global Astaxanthin Market: Impact Analysis of Market Drivers (2021–2030)
Table 2   Global Astaxanthin Market: Impact Analysis of Market Restraints (2021–2030)
Table 3   Global Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 4   Global Natural Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5   Global Synthetic Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 6   Global Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 7   Global Dry Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 8   Global Liquid Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 9   Global Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 10   Global Astaxanthin Market Size for Chemical Synthesis, by Country/Region, 2021–2030 (USD Million)
Table 11   Global Astaxanthin Market Size for Microalgae Cultivation, by Country/Region, 2021–2030 (USD Million)
Table 12   Global Astaxanthin Market Size for Fermentation, by Country/Region, 2021–2030 (USD Million)
Table 13   Global Astaxanthin Market Size for Extraction, by Country/Region, 2021–2030 (USD Million)
Table 14   Global Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 15   Global Astaxanthin Market Size for Food & Beverages, by Country/Region, 2021–2030 (USD Million)
Table 16   Global Astaxanthin Market Size for Nutraceuticals, by Country/Region, 2021–2030 (USD Million)
Table 17   Global Astaxanthin Market Size for Animal Feed, by Country/Region, 2021–2030 (USD Million)
Table 18   Global Astaxanthin Market Size for Pharmaceuticals, by Country/Region, 2021–2030 (USD Million)
Table 19   Global Astaxanthin Market Size for Personal Care & Cosmetics, by Country/Region, 2021–2030 (USD Million)
Table 20   Global Astaxanthin Market Size for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 21   Global Astaxanthin Market Size, by Region, 2021–2030 (USD Million)
Table 22   North America: Astaxanthin Market Size, by Country, 2021–2030 (USD Million)
Table 23   North America: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 24   North America: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 25   North America: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 26   North America: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 27   U.S.: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 28   U.S.: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 29   U.S.: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 30   U.S.: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 31   Canada: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 32   Canada: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 33   Canada: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 34   Canada: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 35   Europe: Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 36   Europe: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 37   Europe: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 38   Europe: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 39   Europe: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 40   Germany: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 41   Germany: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 42   Germany: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 43   Germany: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 44   France: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 45   France: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 46   France: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 47   France: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 48   U.K.: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 49   U.K.: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 50   U.K.: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 51   U.K.: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 52   Italy: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 53   Italy: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 54   Italy: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 55   Italy: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 56   Spain: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 57   Spain: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 58   Spain: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 59   Spain: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 60   RoE: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 61   RoE: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 62   RoE: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 63   RoE: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 64   Asia-Pacific: Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 65   Asia-Pacific: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 66   Asia-Pacific: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 67   Asia-Pacific: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 68   Asia-Pacific: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 69   China: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 70   China: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 71   China: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 72   China: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 73   Japan: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 74   Japan: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 75   Japan: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 76   Japan: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 77   India: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 78   India: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 79   India: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 80   India: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 81   Australia: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 82   Australia: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 83   Australia: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 84   Australia: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 85   RoAPAC: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 86   RoAPAC: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 87   RoAPAC: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 88   RoAPAC: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 89   Latin America: Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 90   Latin America: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 91   Latin America: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 92   Latin America: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 93   Latin America: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 94   Brazil: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 95   Brazil: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 96   Brazil: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 97   Brazil: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 98   Mexico: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 99   Mexico: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 100   Mexico: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 101   Mexico: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 102   Argentina: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 103   Argentina: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 104   Argentina: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 105   Argentina: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 106   RoLATAM: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 107   RoLATAM: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 108   RoLATAM: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 109   RoLATAM: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 110   Middle East & Africa: Astaxanthin Market Size, by Source, 2021–2030 (USD Million)
Table 111   Middle East & Africa: Astaxanthin Market Size, by Form, 2021–2030 (USD Million)
Table 112   Middle East & Africa: Astaxanthin Market Size, by Method of Production, 2021–2030 (USD Million)
Table 113   Middle East & Africa: Astaxanthin Market Size, by Application, 2021–2030 (USD Million)
Table 114   Number of Developments by Major Players During 2020–2024

List of Figures
Figure 1   Key Stakeholders
Figure 2   Research Process
Figure 3   Key Secondary Sources
Figure 4   Primary Research Techniques
Figure 5   Key Executives Interviewed
Figure 6   Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 7   Market Size Estimation
Figure 8   In 2024, the Natural Segment is Expected to Account for the Largest Share
Figure 9   The Dry Form Segment to Register the Highest CAGR During 2024–2030
Figure 10   In 2024, the Chemical Synthesis Segment is Expected to Dominate the Market
Figure 11   The Nutraceuticals Segment to Register the Highest CAGR During 2024–2030
Figure 12   Asia-Pacific to be the Fastest-Growing Regional Market
Figure 13   Market Dynamics
Figure 14   Global Astaxanthin Market Size, by Source, 2024 Vs. 2030 (USD Million)
Figure 15   Global Astaxanthin Market Size, by Form, 2024 Vs. 2030 (USD Million)
Figure 16   Global Astaxanthin Market Size, by Method of Production, 2024 Vs. 2030 (USD Million)
Figure 17   Global Astaxanthin Market Size, by Application, 2024 Vs. 2030 (USD Million)
Figure 18   Global Astaxanthin Market Size, by Region, 2024 Vs. 2030 (USD Million)
Figure 19   North America: Astaxanthin Market Snapshot (2024)
Figure 20   Europe: Astaxanthin Market Snapshot (2024)
Figure 21   Asia-Pacific: Astaxanthin Market Snapshot (2024)
Figure 22   Latin America: Astaxanthin Market Snapshot (2024)
Figure 23   Middle East & Africa: Astaxanthin Market Snapshot (2024)
Figure 24   Key Growth Strategies Adopted by Leading Players, 2020–2024
Figure 25   Astaxanthin Market: Competitive Benchmarking, by Source
Figure 26   Astaxanthin Market Share Analysis, by Key Players, 2022 (%)
Figure 27   Cardax, Inc.: Financial Overview (2022)
Figure 28   Cyanotech Corporation: Financial Overview (2022)
Figure 29   Divi's Laboratories Limited: Financial Overview (2022)
Figure 30   Koninklijke DSM N.V.: Financial Overview (2022)
Figure 31   Otsuka Holdings Co., Ltd.: Financial Overview (2022)