Food Beverages News
Food, Beverages News & Press Release Distribution
About Us | Contact us

Home | News | Submit Press Release | Submit RSS Feeds
Unlimited Press Release Distribution
Press release distribution service

News Media
Chicago Tribune
F&B Food & Beverage News
Financial Times
Food & Beverage Packaging
Food Navigator
Food Business News
Food Engineering
Food Packaging Digest
Mobile Marketer
Nation's Restaurant News
New Hope 360
Food Production & Design
The Telegraph
Wine Searcher
Wine Spectator
Food & Beverage News Releases

Astaxanthin Market Drivers, Restraints, Opportunities & Challenges

(Food-Beverage-News.Com, October 29, 2021 ) The global astaxanthin market size is estimated to be valued at USD 647 million in 2021. It is projected to reach USD 965 million by 2026, recording a CAGR of 8.3% during the forecast period.

With increasing awareness among consumers, the market for functional and fortified foods is growing, with consumers preferring balanced diets and food that satisfy hunger and benefit health. Moreover, the hectic lifestyles of the working middle-class population led to the rising demand for convenience products for on-the-go consumption to save time, which would have otherwise been spent in preparing food & beverages at home. Therefore, the growing market for functional food is opening up opportunities for new applications in the astaxanthin market.

Download PDF Brochure

Drivers: Rapid industrialization of the feed industry

Aquaculture and animal feed industries are highly dependent on feed additives for higher nutritive benefits for animals. Essentially, astaxanthin adds nutritional value and pigmentation to animal feed. Thus, the industrialization of poultry and aquaculture businesses has driven the market for astaxanthin since these end user industries value health of animals. The significant growth in fisheries and aquaculture production has resulted in the increased consumption of diversified nutritious food products. The global consumption of seafood has increased owing to the rising consumer awareness regarding the health benefits of consuming fish and other aquaculture species.

Restraints: High cost of production of natural astaxanthin

Astaxanthin can be synthesized naturally as well as synthetically. Synthetic astaxanthin is made of different chemical formulations from petroleum products and is available at comparatively cheaper rates in the market. On the other hand, natural astaxanthin is produced through the fermentation and extraction process involving various bacteria, fungi, yeast, marine animals, and algae. This natural astaxanthin is comparatively difficult to produce and is costlier than the synthetic version.

Opportunities: Growing demand for natural antioxidants

There is a growing demand for natural carotenoids in their pure form as compared to synthetic carotenoids, especially in the dietary supplements sector, due to their high effectiveness and quality. The current methods used for natural means of production of carotenoids are limited and subject to contamination. These methods are costly, and thus, the prices of natural carotenoids such as beta-carotene and lycopene are almost three times higher than those of synthetic carotenoids.

Challenges: Stringent government regulations in developed countries

The regulatory standards for application areas of astaxanthin are observed to be different in all regions. In the US, the FDA regulates nutraceuticals under a different set of regulations. According to the Dietary Supplement Health and Education Act, 1994 (DSHEA), it is the manufacturer's obligation to ensure that a nutraceutical-based product or ingredient is safe before it is marketed. Moreover, the FDA is authorized to take action against any hazardous product only after it reaches the market. Therefore, manufacturers are required to ensure the product label and be transparent about information.

Request for Customization

The key service providers in this market include Koninklijke DSM N.V. (the Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka Holdings Co. Ltd. (Japan), Divi’s Laboratories Ltd. (India), Valensa International (US), Fuji Chemical Industries Co. Ltd. (Japan), Beijing Gingko Group (China), Cardax, Inc. (Denmark), Piveg, Inc (US), Fenchem Biotek Ltd. (China), Algatech Ltd. (Israel), Supreme Biotechnologies (New Zealand), Igene Biotechnology Inc. (US), Algamo (Czech Republic), Biogenic Co. Ltd. (Japan), Astamaz NZ Ltd. (New Zealand), Algalif (Iceland), Algae to Omega (US), and Algae Health Sciences (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441


Mr. Aashish Mehra


Source: EmailWire.Com
Food, Beverage News by Sector

Food & Beverage Marketplace

Savings from Online Coupons in Food and Beverages
Download discounted vouchers, coupons as they are updated everyday.
Submit RSS News Feed.
Have your feed on news, products or services displayed under this marketpalce. The feed is also displayed on a full page and updated daily. Add RSS feed Now!

Press release service
Press release distribution service

Food-Beverage-News.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at
Copyright 2008 GroupWeb Media LLC

GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | | i-Canada-News.Com | | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | | | | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
Food-Beverage-News.Com - Food & Beverages News is press release service of GroupWeb Media LLC