Astaxanthin is very beneficial with properties like anti-oxidant. It has been found that astaxanthin can be used for cancer treatment and many more. As people are becoming more health cautious, demand for such products is increasing. Many companies have invested a lot in the research and development of astaxanthin and its products, we can clearly say that market of astaxanthin holds a lot of potential and will grow at a greater pace in the near future. In this document you will find about astaxanthin and recent development happens in the world with link to market report by Delvens and report scope.

1. Astaxanthin
MarketTrend
Report and Industry Analysis on
Astaxanthin Market

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Strategies
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5. Astaxanthin
Market
An Introduction to the Astaxanthin

6. Introduction
People are getting more health cautious then before. Many people take some time from
their busy schedule for their health. Diet cautiousness is one such thing people are following
to keep themselves healthy and fit.
Anti-oxidants helps body to keep strong and young. It slows down aging and keeps our skin
healthy. Apart from different sources of anti-oxidant, astaxanthin is getting much popularity
in recent times.
Astaxanthin belongs to a group of chemicals called carotenoids. It occurs in trout, algae,
yeast, and shrimp found under the sea. It acts as an antioxidant with
inflammation-modulation properties.

7. Some studies have shown that astaxanthin can be beneficial in curing cancer also. According
to Pubmed, Astaxanthin has been shown to have antiproliferative activity on breast cancer
and skin cancer cells. Also, astaxanthin can act as an oral sunscreen at a dose of just 4 mg.
Human clinical studies have shown that natural astaxanthin helped promote reaction time,
memory, and spatial reasoning (Katagiri et al). Pre -clinical studies led by Prof Hideaki Soya
at the University of Tsukuba, showed Astaxanthin combined with exercise improved
cognitive function better than either exercise or astaxanthin treatments alone.
Market Prospect
Growth of astaxanthin market is supported by high demand for nutraceuticals due to their
anti-oxidant property. Health consciousness is increasing among the people and awareness
has helped them to opt for diet supplements also.

8. According to a market analysis report by Delvens, the global astaxanthin market size was
valued at USD 1,371.24 million in 2020 and is expected to grow at a compound annual
growth rate (CAGR) of 16.8% from 2022 to 2028.
Recent Development
● Divi Nutraceuticals and Alglif launch AstaBead, concentrated astaxanthin beadlets
● BGG World, the world’s largest supplier of natural astaxanthin with its AstaZine
branded ingredient, announced it is doubling its manufacturing capacity in 2022.
● Aqua Spark invests in algae-derived astaxanthin producer
● CO2 GRO Inc has reported that its third-quarter revenue increased 391%
year-over-year to $122,103 in 2021

9. Companies are investing in the development and production of astaxanthin and demand
among people are increasing for its benefits. So, we can clearly say that astaxanthin demand
will increase and thus production.
Conclusion

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Distributors
10% of our data
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Breakdown of our data collection
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14. Report Segmentation
Source
Product
Application
Region

15. On the basis of Application
● Nutraceuticals
● Cosmetics
● Aquaculture and Animal Feed
● Food
● Others
On the basis of Source
● Natural
● Synthetic

16. On the basis of Products
● Dried algae meal or biomass
● Oil
● Softgel
● Liquids
● Others
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● North America
● South America
● Asia Pacific
● Europe
● Middle East & Africa

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