Astaxanthin Market Size, Share, Future Prospects and Forecast to 2028
                     Astaxanthin Market Size, Share, Future Prospects and 
Forecast to 2028
Astaxanthin Market, By Nature (Natural Source, Petroleum (Synthetic)), Product Type 
(Aematococcus pluvialis microalgae Astaxanthin, Synthetic Astaxanthin, Astaxanthin rich 
paracoccus bacteria, Natural Astaxanthin), Production Technology (Chemical Synthesis, 
Bacterial Fermentation), Application (Dietary Supplements, Food & Beverages, 
Cosmetics, Animal Health & Aquaculture), Industry Trends and Forecast to 2028.
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Market Analysis and Insights 
The astaxanthin market is expected to witness market growth at a rate of 6.61% in the 
forecast period of 2021 to 2028. Data Bridge Market Research report on astaxanthin 
market provides analysis and insights regarding the various factors expected to be 
prevalent throughout the forecast period while providing their impacts on the market’s 
growth. The rise in the demand for the product for various applications globally is 
escalating the growth of astaxanthin market.
Astaxanthin refers to a red pigment, which is naturally occurring carotenoid having 
antioxidant effect extracted and purified from Haematococcus algae. These pigments 
tend to play a role in treatment of degenerative diseases and aging issues.
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Major Key Players
Some of the major players operating in this market are : 
• Oryza Oil & Fat Chemical Co., Ltd.
• Algatech LTD
• NOW Foods Pond Tech.
• Algalif Iceland ehf.
• Cyanotech Corporation.
• AlgaeCan Biotech Ltd.
• Cardax, Inc
• Fuji Chemical Industries Co., Ltd.
• AstaRealInc
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Market Segmentation
• By Product Type (Aematococcus pluvialis microalgae Astaxanthin, Synthetic 
Astaxanthin, Astaxanthin rich paracoccus bacteria, Natural Astaxanthin)
• By Production Technology (Chemical Synthesis, Bacterial Fermentation)
• By Application (Dietary Supplements, Food & Beverages, Cosmetics, 
Animal Health & Aquaculture)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
    North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
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