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A new report from Industry Experts, Inc. on " Astaxanthin Market " is published. According to the report, the market is poised for a robust expansion over the 2024-2030 forecast period, with a projected CAGR of 7.3% in value. The market is expected to reach over US$820 million by 2030, up from an estimated market size of US$537million in 2024. Astaxanthin is a potent antioxidant, boasting 550 times the strength of vitamin E and 6,000 times than that of vitamin C. Its exceptional antioxidant properties have been shown to benefit various health conditions, including inflammation, diabetes, cardiovascular issues, vision problems, and central nervous system disorders. The market experienced a notable decline in 2020 due to reduced consumer demand during COVID-19-related restrictions, followed by a dip in 2022 linked to decreased farmed salmon production impacting aquafeed demand. In 2023, inflationary pressures further curbed algae-based astaxanthin demand, as consum...

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...

Industry Experts, Inc. published an updated 2018 version of the exclusive comprehensive global market report on Astaxanthin. The new report entitled " Global Astaxanthin Market – Sources, Technologies and Applications " reveals that the global market for Astaxanthin is forecast to cross 360 metric tons in 2018. Astaxanthin is 550 times stronger than vitamin E, and 6,000 times stronger than vitamin C in regard to antioxidant power. Due to its powerful antioxidant properties, astaxanthin proved to have benefits on various health conditions including inflammation, diabetics, cardiovascular, vision and CNS conditions. Astaxanthin has been widely used in aquaculture industry for pigmentation of salmon, trout and shrimps; used for its antioxidant and other health benefits in nutraceutical industry; used in cosmetics for its skin care and anti-aging properties; and also used for fortification of foods and beverages. The global nutraceuticals industry is estimated to have consum...

Industry Experts has unveiled the new market research report on Astaxanthin. The new global report ‘ Global Astaxanthin Market – Sources, Technologies and Applications ’ reveals that the market for Astaxanthin is projected to touch US$1.1 billion by 2020 equated to 670 metric tons from an estimated US$447 million in 2014. Haematococcus pluvialis microalgae-derived astaxanthin market is poised to emerge as the fastest growing, reaching a projected US$828 million by 2020 from an estimated US$180 million in 2014, with a compounded annual growth rate (CAGR) of 29% between 2014 and 2020. Astaxanthin has been widely used in aquaculture industry for pigmentation of salmon, trout and shrimps; used for its antioxidant and other health benefits in nutraceutical industry; used in cosmetics for its skin care and anti-aging properties; and also used for fortification of foods and beverages. On commercial scale, astaxanthin is currently produced through chemical synthesis and also...