Automotive Astaxanthin-Market-by-Source-Plant-Yeast-Microbes- | Page 5

5.2 MARKET DYNAMICS 44
5.2.1 DRIVERS 45
5.2.1.1 Growing awareness toward preventive healthcare & nutraceuticals 45
5.2.1.2 Industrialization of the feed market 47
5.2.1.3 Increasing demand for cosmetic products 48
5.2.2 RESTRAINTS 49
5.2.2.1 High cost of production 49
5.2.3 OPPORTUNITIES 49
5.2.3.1 Government initiatives to support aquaculture 49
5.2.3.2 Growing demand for natural antioxidants 50
5.2.3.3 Growing demand from emerging countries 50
5.2.4 CHALLENGES 50
5.2.4.1 Adulteration and clean label requirements 50
5.2.4.2 Government regulations in different countries 51
5.3 VALUE CHAIN ANALYSIS 52
5.4 SUPPLY CHAIN ANALYSIS 53
6 ASTAXANTHIN MARKET, BY SOURCE 54
6.1 INTRODUCTION 55
6.2 NATURAL SOURCE 56
6.2.1 PLANTS 56
6.2.2 YEAST & MICROBES 57
6.2.3 MARINE 58
6.3 PETROLEUM (SYNTHETIC) 59
7 ASTAXANTHIN MARKET, BY APPLICATION 60
7.1 INTRODUCTION 61