COVID-19 Pandemic Hurts Global Astaxanthin Market - Astaxanthin Supplements Sales to Decline in 2020
Industry Experts, Inc. released an updated 2020 version of the comprehensive global market report on Astaxanthin. The report entitled " Global Astaxanthin Market – Sources, Technologies and Applications " reveals that the consumer spending on other single vitamin and dietary supplements including Astaxanthin supplements has drastically reduced during the first half of 2020. Astaxanthin supplement sales were lower due to the closure of retail stores across the globe, partially offset by the increased sales on e-commerce channels. The situation is somewhat normalized during the second half of 2020, but still consumer spending on Astaxanthin supplements is expected to be lower than the normal. The impact of COVID-19 pandemic on astaxanthin demand is expected to differ in intensity depending on their end-use application and region. Sharpest declines would be expected in astaxanthin for dietary supplements, cosmetics and aqua feed sectors. Demand for astaxanthin in poultry feed a