Astaxanthin Market by Source (Plant, Yeast &
Microbes, Marine, Petroleum), Form (Dry,
Liquid), Method of Production (Biological
Process, Chemical Process), Application (Feed,
Supplements, Food, Cosmetics), and Region -
Global Forecast to 2022
No of Pages – 164
Publishing Date - May 12, 2017
Browse detailed TOC, Tables, Figures, Charts in Astaxanthin Market by Source (Plant, Yeast
& Microbes, Marine, Petroleum), Form (Dry, Liquid), Method of Production (Biological
Process, Chemical Process), Application (Feed, Supplements, Food, Cosmetics), and Region -
Global Forecast to 2022 at - https://www.absolutereports.com/10797556
“The astaxanthin market is projected to grow at a CAGR of 8.02% during the forecast period.”
The global astaxanthin market is projected to grow significantly from an estimated value of USD
553.6 million in 2017 to USD 814.1 million by 2022, at a CAGR of 8.02%. The astaxanthin market
has been gaining importance due to its expanding end-use applications, rising awareness about
preventive healthcare & nutraceuticals, and the growing demand for natural antioxidants in human
and animal nutrition. Key players in the nutraceutical and cosmetic industries across the globe use
astaxanthin due to its potent antioxidant activity, which confers benefits on the human health.
Though the antioxidant property of astaxanthin drives the market, there are a few factors such as the
high production cost of natural astaxanthin, adulteration, and government regulations, which restrain
the growth of this market.
“The dietary supplements segment is projected to be the fastest-growing application of astaxanthin”
The application of astaxanthin in the dietary supplements industry accounted for the second-largest
share in 2016, and is expected to grow at the highest CAGR during the forecast period. The
numerous health benefits, such as cardiovascular and neurological health, offered by the super-
oxidant property of astaxanthin, coupled with the growing nutraceuticals market, are the major
drivers contributing to the exponential growth of dietary supplements segment.
“Petroleum was the largest segment, by source, in 2016”
Petroleum-derived astaxanthin accounted for the largest share in 2016; however, natural astaxanthin,
derived from plants, microalgae, and marine animals is expected to grow at a higher CAGR