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

DUBLIN–(BUSINESS WIRE)–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

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Related
Topics: Feed
Additives, Cosmetic
Chemicals, Food
Additive Chemicals