Astaxanthin Market

ASTAXANTHIN MARKET - Global
Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017–2025
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REPORT DESCRIPTION
Astaxanthin Market Overview
Astaxanthin is a member of the xanthophyll family of carotenoids which is found in some marine plants and
animals. Also known as "the king of the carotenoids," it is acknowledged as one of the most powerful
antioxidants present in nature. Highest concentration of Astaxanthin is found in Pacific sockeye salmon. It is also
present in crab, algae, shrimp, krill, red trout, and lobster. Commercial production of is from astaxanthin
Haematococcus pluviailis (HP). A hybrid system for photoautotrophic cultivation of Haematococcus pluviailis
comprises of a photobioreactor (PBR) fence.
Astaxanthin has various health benefits such as supports cardiovascular health, supports immune functioning,
helps in protection of cells and nervous system from oxidative damage and supports brain health. Astaxanthin has
excellent UV-light protection effect and antioxidant activity which makes it an excellent enhancement for eye
health care. Astaxanthin is beneficial in lowering oxidative stress and improving blood flow in smokers and
weighty people. Astaxanthin is used for curing Alzheimer's disease, Parkinson's disease, protection against cancer,
in boosting recovery after stroke, and in reducing skin damage from ultraviolet (UV) light.
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REPORT DESCRIPTION
Astaxanthin Market Taxonomy
On the basis of source, the global Astaxanthin market is classified into:
•
Artificial
•
Natural
On the basis of end use industry, the global Astaxanthin market is classified into:
•
Food & Beverages
•
Pharmaceuticals
•
Personal Care Products
Astaxanthin has powerful UV-blocking properties that help protect human skin from sun related damage. It
is also beneficial in reducing wrinkles and in improving skin moisture levels. Astaxanthin has natural antiinflammatory properties and natural forms of astaxanthin helps to block inflammatory COX2 enzymes and
also suppressing serum levels of interleukin 1B, nitric oxide, C Reactive Protein (CRP), prostaglandin E2
and TNF-alpha (tumor necrosis factor alpha). Astaxanthin is used for the treatment of breast cancer,
comprising of reduced growth of breast cancer cells.
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REPORT DESCRIPTION
Astaxanthin Market Outlook – Increasing Pharmaceutical Applications
to be the Major Market Driver
Asia Pacific and North America are expected to be the most potential markets for Astaxanthin manufacturers.
Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. This is
mainly attributed to the anticipated growth in pharmaceutical industry, especially in developing countries such as
China and India. According to IBEF, US$ 55 billion will be generated by the Indian pharmaceuticals industry by
2026. In addition to this, the growing medical tourism in India has boosted the growth of succinic acid market in
the region. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and
Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting
and creating international awareness of goods manufactured in India.
Various applications of Astaxanthin in pharmaceutical and personal care products are fueling the growth of
Astaxanthin market, especially in Asia Pacific and Middle East regions. High production cost due to limited
availability of raw materials is one of the factors affecting the growth of astaxanthin market globally.
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Astaxanthin is used for the treatment of breast cancer, comprising of reduced growth of breast cancer cells. Astaxanthin can enhance endurance and fatigue levels after exercise and also helps in boosting the body's consumption of fatty acids which helps prevent muscle and skeletal damage.