PUBLISHER: Value Market Research | PRODUCT CODE: 1274379
PUBLISHER: Value Market Research | PRODUCT CODE: 1274379
The global demand for Astaxanthin Market is presumed to reach the market size of nearly USD 762.22 MN by 2030 from USD 3.3 MN in 2022 with a CAGR of 6.9% under the study period of 2022 - 2030. Regarding volume, the market was calculated XX Metric Tons in 2022 and forecast to touch XX Metric Tons by 2030 with a CAGR of XX% during 2023-2030.
Astaxanthin is a naturally occurring pigment found in certain algae, yeast, and some marine animals, such as salmon and shrimp. It is known for its bright red color and potential health benefits. Astaxanthin is a potent antioxidant with anti-inflammatory properties and may help support brain and eye health. It is available in supplement form, typically in capsule or tablet form. It can also be found in certain foods, such as salmon, shrimp, and algae.
The growing awareness of the potential health benefits of this pigment may contribute to the growth of this market. Moreover, the increasing demand for natural and plant-based alternatives to synthetic supplements may drive the market growth. Furthermore, advances in production techniques have made it easier to extract and purify astaxanthin, making it more readily available in supplement form. However, the high production cost may hamper the market's growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of astaxanthin. The growth and trends of Astaxanthin Industry provide a holistic approach to this study.
This section of the astaxanthin market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.