Astaxanthin Market By Source, Product and Application- Global Industry Analysis and Forecast to 2023

Published On : January 2018 Pages : 90 Category: Pharmaceuticals Report Code : HC01491

Industry Trend Analysis

The global Astaxanthin Market was worth USD 0.38 billion in 2014 and is expected to reach approximately USD 1.78 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 18.75% during the forecast period. Increasing demand because of its antioxidant properties and expanding applications in the aquaculture business are key variables attesting development of this market. Besides, an ascent in health-conscious populace and developing interest for food coloring that is natural with lesser unfriendly impacts when contrasted with other chemical products are other vital drivers evaluated to support development. Astaxanthin has been used by the aquaculture business for quite a while. Several fish farmers make use of astaxanthin for coloring trout, salmon, and shellfish in artificial ponds.

Source Outlook and Trend Analysis

Astaxanthin can be fabricated from both chemical and natural sources. Normal sources are evaluated to witness significant development over the gauge time frame. High return of low maintenance cost, carotenoid, and expanding interest for natural sustenance supplements are the key components for positive development of this portion. Microalgae, for example, H. pluvialis, have been broadly made use of by numerous makers inferable from high measure of carotenoid content and less demanding strategies for extraction. Nonetheless, switching inclination toward other natural sources, for example, krill and yeast, is foreseen to contrarily affect development of the microalgae fragment.

Product Outlook and Trend Analysis

Higher interest for astaxanthin brought about higher requirement for dried algae meal or biomass. Dried green growth is expected to command the market mostly because of its high usage as animal feed, lesser requirement for downstream preparing, and minimal effort of generation. The portion held an income offer of 25.9 percent of the general market in 2016. Then again, the soft gels section is anticipated to record the speediest development rate. The section is foreseen to witness significant development over the figure period. Liquid and water-miscible formulations are likewise assessed to witness high demand in skin care and cosmetic industry because of their high antioxidant content.

Application Outlook and Trend Analysis

Astaxanthin is majorly useful in aquaculture and as animal feed. For several years, carotenoid has been useful for coloring fishes and enhancing the texture of animals by raising their reddish pigment. Nutraceutical section is anticipated to encounter tremendous development over the forecast period. Astaxanthin, due to its high antioxidant aspects in comparison to other food supplements and convenient availability, discovers wide application in the nutraceutical industry.

Regional Outlook and Trend Analysis

North America held a significant share of the overall industry of 46.5 percent in 2016. Key variables for the strength of this locale are presence of a built up nutraceutical industry, existence of health-conscious population, and developing awareness about the usage of astaxanthin. Asia Pacific is assessed to encounter considerable development over the conjecture time frame. Existence of key producers, for example, BGG and InnoBio in China, with mechanically progressed working offices, is an imperative factor for the lucrative development capability of this locale.

Competitive Insights

The leading Fuji Chemical Industries Co Ltd, Beijing Gingko Group North America, JXTG Nippon Oil & Energy, BlueOcean NutraSciences, Algatechnologies, Heliae Development LLC, Igene Biotechnology Inc, Cyanotech Corporation, EID Parry and Fenchem. The major players are profoundly focused on new product development, mergers and acquisitions, and extension to untargeted topographies to upgrade their market position.

The Astaxanthin Market is segmented as follows-

By source:

  • Synthetic
  • Natural
    • Krill/Shrimp
    • Yeast
    • Microalgae

By Product:

  • Softgel
  • Dried algae meal or Biomass
  • Liquid
  • Oil
  • Others

By Application:

  • Aquaculture and animal feed
  • Nutraceuticals
  • Cosmetics
  • Others

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2014 and forecast from 2015 to 2023?
  • What will be the industry market growth from 2015 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Astaxanthin Market, By Source, Estimates and Forecast, 2014-2023($Billion)
    • Natural
      • Yeast
      • Krill/Shrimp
      • Microalgae
      • Others
    • Synthetic
  • Astaxanthin Market, By Product, Estimates and Forecast, 2014-2023($Billion)
    • Dried algae meal or Biomass
    • Oil
    • Softgel
    • Liquid
    • Other Products
  • Astaxanthin Market, By Application, Estimates and Forecast, 2014-2023($Billion)
    • Nutraceuticals
    • Cosmetics
    • Aquaculture and animal feed
    • Other Applications
  • Astaxanthin Market, By Region, Estimates and Forecast, 2014-2023($Billion)
    • North America
  • North America Astaxanthin Market, By Country
  • North America Astaxanthin Market, By Source
  • North America Astaxanthin Market, By Product
  • North America Astaxanthin Market, By Application
    • U.S. Astaxanthin Market, By Source
    • U.S. Astaxanthin Market, By Product
    • U.S. Astaxanthin Market, By Application
    • Canada Astaxanthin Market, By Source
    • Canada Astaxanthin Market, By Product
    • Canada Astaxanthin Market, By Application
    • Mexico Astaxanthin Market, By Source
    • Mexico Astaxanthin Market, By Product
    • Mexico Astaxanthin Market, By Application

 

    • Europe
      • Europe Astaxanthin Market, By Country
      • Europe Astaxanthin Market, By Source
      • Europe Astaxanthin Market, By Product
      • Europe Astaxanthin Market, By Application
        • Germany Astaxanthin Market, By Source
        • Germany Astaxanthin Market, By Product
        • Germany Astaxanthin Market, By Application
        • France Astaxanthin Market, By Source
        • France Astaxanthin Market, By Product
        • France Astaxanthin Market, By Application
        • UK Astaxanthin Market, By Source
        • UK Astaxanthin Market, By Product
        • UK Astaxanthin Market, By Application
        • Italy Astaxanthin Market, By Source
        • Italy Astaxanthin Market, By Product
        • Italy Astaxanthin Market, By Application
        • Spain Astaxanthin Market, By Source
        • Spain Astaxanthin Market, By Product
        • Spain Astaxanthin Market, By Application
        • Rest of Europe Astaxanthin Market, By Source
        • Rest of Europe Astaxanthin Market, By Product
        • Rest of Europe Astaxanthin Market, By Application
    • Asia-Pacific
      • Asia-Pacific Astaxanthin Market, By Country
      • Asia-Pacific Astaxanthin Market, By Source
      • Asia-Pacific Astaxanthin Market, By Product
      • Asia-Pacific Astaxanthin Market, By Application
        • Japan Astaxanthin Market, By Source
        • Japan Astaxanthin Market, By Product
        • Japan Astaxanthin Market, By Application
        • Australia Astaxanthin Market, By Source
        • Australia Astaxanthin Market, By Product
        • Australia Astaxanthin Market, By Application
        • India Astaxanthin Market, By Source
        • India Astaxanthin Market, By Product
        • India Astaxanthin Market, By Application
        • South Korea Astaxanthin Market, By Source
        • South Korea Astaxanthin Market, By Product
        • South Korea Astaxanthin Market, By Application
        • Rest of Asia-Pacific Astaxanthin Market, By Source
        • Rest of Asia-Pacific Astaxanthin Market, By Product
        • Rest of Asia-Pacific Astaxanthin Market, By Application
    • Rest of the World
      • Rest of the World Astaxanthin Market, By Country
      • Rest of the World Astaxanthin Market, By Source
      • Rest of the World Astaxanthin Market, By Product
      • Rest of the World Astaxanthin Market, By Application
        • Brazil Astaxanthin Market, By Source
        • Brazil Astaxanthin Market, By Product
        • Brazil Astaxanthin Market, By Application
        • South Africa Astaxanthin Market, By Source
        • South Africa Astaxanthin Market, By Product
        • South Africa Astaxanthin Market, By Application
        • Saudi Arabia Astaxanthin Market, By Source
        • Saudi Arabia Astaxanthin Market, By Product
        • Saudi Arabia Astaxanthin Market, By Application
        • Turkey Astaxanthin Market, By Source
        • Turkey Astaxanthin Market, By Product
        • Turkey Astaxanthin Market, By Application
        • United Arab Emirates Astaxanthin Market, By Source
        • United Arab Emirates Astaxanthin Market, By Product
        • United Arab Emirates Astaxanthin Market, By Application
        • Others Astaxanthin Market, By Source
        • Others Astaxanthin Market, By Product
        • Others Astaxanthin Market, By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Increasing Adoption of Natural Cosmetics

3.2.1.2.    Increasing Use in Aquaculture and Coloring of Fishes

3.2.2.  Restraints

3.2.2.1.    Excess Space Requirement

3.2.2.2.    High Cost of Production

3.2.3.  Opportunities

3.2.3.1.    Emerging Countries to Offer Lucrative Growth Opportunities

4.       Astaxanthin Market, By Source

4.1.       Introduction

4.2.       Astaxanthin Market  Assessment and Forecast, By Source, 2014-2023

4.3.       Natural

4.3.1.  Market Assessment and Forecast, By Type, 2014-2023($Billion)

4.3.2.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

4.3.3.  Yeast

4.3.3.1.    Market Assessment and Forecast, By Region, 2014-2023($Billion)

4.3.4.  Krill/Shrimp

4.3.4.1.    Market Assessment and Forecast, By Region, 2014-2023($Billion)

4.3.5.  Microalgae

4.3.5.1.    Market Assessment and Forecast, By Region, 2014-2023($Billion)

4.3.6.  Others

4.3.6.1.    Market Assessment and Forecast, By Region, 2014-2023($Billion)

4.4.       Synthetic

4.4.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

5.       Astaxanthin Market, By Product

5.1.       Introduction

5.2.       Astaxanthin Market  Assessment and Forecast, By Product, 2014-2023

5.3.       Dried algae meal or Biomass

5.3.1.  Market Assessment and Forecast, By Source, 2014-2023($Billion)

5.4.       Oil

5.4.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

5.5.       Softgel

5.5.1.   Market Assessment and Forecast, By Region, 2014-2023($Billion)

5.6.       Liquid

5.6.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

5.7.       Other Products

5.7.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

6.       Astaxanthin Market, By Application

6.1.       Introduction

6.2.       Astaxanthin Market  Assessment and Forecast, By Application, 2014-2023($Billion)

6.3.       Nutraceuticals

6.3.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

6.4.       Cosmetics

6.4.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

6.5.       Aquaculture and Animal Feed

6.5.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

6.6.       Other Applications

6.6.1.  Market Assessment and Forecast, By Region, 2014-2023($Billion)

7.       Astaxanthin Market, By Region

7.1.       Introduction

7.2.       Astaxanthin Market  Assessment and Forecast, By Region, 2014-2023($Billion)

7.3.       North America

7.3.1.  Market Assessment and Forecast, By Country, 2014-2023($Billion)

7.3.2.  Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.3.3.  Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.3.4.  Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.3.5.  U.S.

7.3.5.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.3.5.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.3.5.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.3.6.  Canada

7.3.6.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.3.6.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.3.6.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.3.7.  Mexico

7.3.7.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.3.7.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.3.7.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.       Europe

7.4.1.  Market Assessment and Forecast, By Country, 2014-2023($Billion)

7.4.2.  Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.4.3.  Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.4.  Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.5.  Germany

7.4.5.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.4.5.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.4.5.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.6.  France

7.4.6.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.4.6.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.4.6.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.7.  UK

7.4.7.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.4.7.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.4.7.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.8.  Italy

7.4.8.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.4.8.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.4.8.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.9.  Spain

7.4.9.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.4.9.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.4.9.3.    Market Assessment and Forecast, By Application, 2014-2023($Billion)

7.4.10.      Rest of Europe

7.4.10.1. Market Assessment and Forecast, By Source, 2014-2023($Billion)

7.4.10.2. Market Assessment and Forecast, By Product, 2014-2023($Billion)

7.4.10.3. Market Assessment and Forecast, By Application, 2014-2023($Billion)

8.       Asia-Pacific

8.1.1.  Market Assessment and Forecast, By Country, 2014-2023($Billion)

8.1.2.  Market Assessment and Forecast, By Source, 2014-2023($Billion)

8.1.3.  Market Assessment and Forecast, By Product, 2014-2023($Billion)

8.1.4.  Market Assessment and Forecast, By Application,2014-2023($Billion)

8.1.5.  Japan

8.1.5.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

8.1.5.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

8.1.5.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

8.1.6.  China

8.1.6.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

8.1.6.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

8.1.6.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

8.1.7.  Australia

8.1.7.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

8.1.7.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

8.1.7.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

8.1.8.  India

8.1.8.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

8.1.8.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

8.1.8.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

8.1.9.  South Korea

8.1.9.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

8.1.9.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

8.1.9.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

8.1.10.      Rest of Asia-Pacific

8.1.10.1. Market Assessment and Forecast, By Source, 2014-2023($Billion)

8.1.10.2. Market Assessment and Forecast, By Product, 2014-2023($Billion)

8.1.10.3. Market Assessment and Forecast, By Application,2014-2023($Billion)

9.       Rest of the World

9.1.1.  Market Assessment and Forecast, By Country, 2014-2023($Billion)

9.1.2.  Market Assessment and Forecast, By Source, 2014-2023($Billion)

9.1.3.  Market Assessment and Forecast, By Application,2014-2023($Billion)

9.1.4.  Market Assessment and Forecast, By Application,2014-2023($Billion)

9.1.5.  Brazil

9.1.5.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

9.1.5.2.    Market Assessment and Forecast, By Product , 2014-2023($Billion)

9.1.5.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

9.1.6.  Turkey

9.1.6.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

9.1.6.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

9.1.6.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

9.1.7.  Saudi Arabia

9.1.7.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

9.1.7.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

9.1.7.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

9.1.8.  South Africa

9.1.8.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

9.1.8.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

9.1.8.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

9.1.9.  United Arab Emirates

9.1.9.1.    Market Assessment and Forecast, By Source, 2014-2023($Billion)

9.1.9.2.    Market Assessment and Forecast, By Product, 2014-2023($Billion)

9.1.9.3.    Market Assessment and Forecast, By Application,2014-2023($Billion)

9.1.10.      Others

9.1.10.1. Market Assessment and Forecast, By Source, 2014-2023($Billion)

9.1.10.2. Market Assessment and Forecast, By Product, 2014-2023($Billion)

9.1.10.3. Market Assessment and Forecast, By Application,2014-2023($Billion)

10.   Company Profiles

10.1.      Alga Technologies

10.1.1.      Business Overview

10.1.2.      Product Portfolio

10.1.3.      Key Financials

10.1.4.      Strategic Developments

10.2.    Cyanotech Corporation

10.2.1.      Business Overview

10.2.2.      Product Portfolio

10.2.3.      Key Financials

10.2.4.      Strategic Developments

10.3.    Fuji chemicals

10.3.1.      Business Overview

10.3.2.      Product Portfolio

10.3.3.      Key Financials

10.3.4.      Strategic Developments

10.4.    BlueOcean NutraSciences Inc.

10.4.1.      Business Overview

10.4.2.      Product Portfolio

10.4.3.      Strategic Developments

10.5.    Fenchem

10.5.1.      Business Overview

10.5.2.      Product Portfolio

10.5.3.      Strategic Developments

10.6.    MicroA

10.6.1.      Business Overview

10.6.2.      Product Portfolio

10.6.3.      Strategic Developments

10.7.     EID Parry

10.7.1.      Business Overview

10.7.2.      Product Portfolio

10.7.3.      Strategic Developments

10.8.    BGG (Beijing Gingko Group)

10.8.1.      Business Overview

10.8.2.      Product Portfolio

10.8.3.      Strategic Developments

10.9.    Heliae

10.9.1.      Business Overview

10.9.2.      Product Portfolio

10.9.3.      Strategic Developments

10.10.Igene Biotechnology

10.10.1.  Business Overview

10.10.2.  Product Portfolio

10.10.3.  Strategic Developments


List of Tables

Table: Global Astaxanthin Market, By Source, 2014-2023($Million)

Table: Natural Market, By Type, 2014-2023($Million)

Table: Natural Market, By Region, 2014-2023($Million)

Table: Yeast Market, By Region, 2014-2023($Million)

Table: Krill/Shrimp Market, By Region, 2014-2023($Million)

Table: Microalgae Market, By Region, 2014-2023($Million)

Table: Others Market, By Region, 2014-2023($Million)

Table: Synthetic Market, By Region, 2014-2023($Million)

Table: Global Astaxanthin Market, By Product, 2014-2023($Million)

Table: Dried algae meal or Biomass Market, By Source, 2014-2023($Million)

Table: Oil Market, By Region, 2014-2023($Million)

Table: Softgel Market, By Region, 2014-2023($Million)

Table: Liquid Market, By Region, 2014-2023($Million)

Table: Other Products Market, By Source, 2014-2023($Million)

Table: Global Astaxanthin Market, By Application, 2014-2023($Million)

Table: Nutraceuticals Market, By Region, 2014-2023($Million)

Table: Cosmetics Market, By Region, 2014-2023($Million)

Table: Aquaculture and animal feed Market, By Region, 2014-2023($Million)

Table: Other Applications Market, By Region, 2014-2023($Million)

Table: North America Astaxanthin Market, By Country, 2014-2023($Million)

Table: North America Astaxanthin Market, By Source, 2014-2023($Million)

Table: North America Astaxanthin Market, By Product, 2014-2023($Million)

Table: North America Astaxanthin Market, By Application, 2014-2023($Million)

Table: U.S. Astaxanthin Market, By Source, 2014-2023($Million)

Table: U.S. Astaxanthin Market, By Product, 2014-2023($Million)

Table: U.S. Astaxanthin Market, By Application, 2014-2023($Million)

Table: Canada Astaxanthin Market, By Source, 2014-2023($Million)

Table: Canada Astaxanthin Market, By Product, 2014-2023($Million)

Table: Canada Astaxanthin Market, By Application, 2014-2023($Million)

Table: Mexico Astaxanthin Market, By Source, 2014-2023($Million)

Table: Mexico Astaxanthin Market, By Product, 2014-2023($Million)

Table: Mexico Astaxanthin Market, By Application, 2014-2023($Million)

Table: Europe Astaxanthin Market, By Country, 2014-2023($Million)

Table: Europe Astaxanthin Market, By Source, 2014-2023($Million)

Table: Europe Astaxanthin Market, By Product, 2014-2023($Million)

Table: Europe Astaxanthin Market, By Application, 2014-2023($Million)

Table: Germany Astaxanthin Market, By Source, 2014-2023($Million)

Table: Germany Astaxanthin Market, By Product, 2014-2023($Million)

Table: Germany Astaxanthin Market, By Application, 2014-2023($Million)

Table: France Astaxanthin Market, By Source, 2014-2023($Million)

Table: France Astaxanthin Market, By Product, 2014-2023($Million)

Table: France Astaxanthin Market, By Application, 2014-2023($Million)

Table: UK Astaxanthin Market, By Source, 2014-2023($Million)

Table: UK Astaxanthin Market, By Product, 2014-2023($Million)

Table: UK Astaxanthin Market, By Application, 2014-2023($Million)

Table: Italy Astaxanthin Market, By Source, 2014-2023($Million)

Table: Italy Astaxanthin Market, By Product, 2014-2023($Million)

Table: Italy Astaxanthin Market, By Application, 2014-2023($Million)

Table: Spain Astaxanthin Market, By Source, 2014-2023($Million)

Table: Spain Astaxanthin Market, By Product, 2014-2023($Million)

Table: Spain Astaxanthin Market, By Application, 2014-2023($Million)

Table: Rest of Europe Astaxanthin Market, By Source, 2014-2023($Million)

Table: Rest of Europe Astaxanthin Market, By Product, 2014-2023($Million)

Table: Rest of Europe Astaxanthin Market, By Application, 2014-2023($Million)

Table: Asia-Pacific Astaxanthin Market, By Country, 2014-2023($Million)

Table: Asia-Pacific Astaxanthin Market, By Source, 2014-2023($Million)

Table: Asia-Pacific Astaxanthin Market, By Product, 2014-2023($Million)

Table: Asia-Pacific Astaxanthin Market, By Application, 2014-2023($Million)

Table: Japan Astaxanthin Market, By Source, 2014-2023($Million)

Table: Japan Astaxanthin Market, By Product, 2014-2023($Million)

Table: Japan Astaxanthin Market, By Application, 2014-2023($Million)

Table: China Astaxanthin Market, By Source, 2014-2023($Million)

Table: China Astaxanthin Market, By Product, 2014-2023($Million)

Table: China Astaxanthin Market, By Application, 2014-2023($Million)

Table: Australia Astaxanthin Market, By Source, 2014-2023($Million)

Table: Australia Astaxanthin Market, By Product, 2014-2023($Million)

Table: Australia Astaxanthin Market, By Application, 2014-2023($Million)

Table: India Astaxanthin Market, By Source, 2014-2023($Million)

Table: India Astaxanthin Market, By Product, 2014-2023($Million)

Table: India Astaxanthin Market, By Application, 2014-2023($Million)

Table: South Korea Astaxanthin Market, By Source, 2014-2023($Million)

Table: South Korea Astaxanthin Market, By Product, 2014-2023($Million)

Table: South Korea Astaxanthin Market, By Application, 2014-2023($Million)

Table: Rest of Asia-Pacific Astaxanthin Market, By Source, 2014-2023($Million)

Table: Rest of Asia-Pacific Astaxanthin Market, By Product, 2014-2023($Million)

Table: Rest of Asia-Pacific Astaxanthin Market, By Application, 2014-2023($Million)

Table: Rest of the World Astaxanthin Market, By Country, 2014-2023($Million)

Table: Rest of the World Astaxanthin Market, By Source, 2014-2023($Million)

Table: rest of the World Astaxanthin Market, By Product, 2014-2023($Million)

Table: Rest of the World Astaxanthin Market, By Application, 2014-2023($Million)

Table: Brazil Astaxanthin Market, By Source, 2014-2023($Million)

Table: Brazil Astaxanthin Market, By Product, 2014-2023($Million)

Table: Brazil Astaxanthin Market, By Application, 2014-2023($Million)

Table: Turkey Astaxanthin Market, By Source, 2014-2023($Million)

Table: Turkey Astaxanthin Market, By Product, 2014-2023($Million)

Table: Turkey Astaxanthin Market, By Application, 2014-2023($Million)

Table: Saudi Arabia Astaxanthin Market, By Source, 2014-2023($Million)

Table: Saudi Arabia Astaxanthin Market, By Product, 2014-2023($Million)

Table: Saudi Arabia Astaxanthin Market, By Application, 2014-2023($Million)

Table: South Africa Astaxanthin Market, By Source, 2014-2023($Million)

Table: South Africa Astaxanthin Market, By Product, 2014-2023($Million)

Table: South Africa Astaxanthin Market, By Application, 2014-2023($Million)

Table: United Arab Emirates Astaxanthin Market, By Source, 2014-2023($Million)

Table: United Arab Emirates Astaxanthin Market, By Product, 2014-2023($Million)

Table: United Arab Emirates Astaxanthin Market, By Application, 2014-2023($Million)

Table: Others Astaxanthin Market, By Source, 2014-2023($Million)

Table: Others Astaxanthin Market, By Product, 2014-2023($Million)

Table: Others Astaxanthin Market, By Application, 2014-2023($Million)

Table: Alga Technologies: Key Strategic Developments, 2015-2017

Table: Cyanotech Corporation: Key Strategic Developments, 2015-2017

Table: Fuji chemicals: Key Strategic Developments, 2015-2017

Table: BlueOcean NutraSciences Inc.: Key Strategic Developments, 2015-2017

Table: Fenchem: Key Strategic Developments, 2015-2017

Table: MicroA: Key Strategic Developments, 2015-2017

Table: EID Parry: Key Strategic Developments, 2015-2017

Table: BGG (Beijing Gingko Group): Key Strategic Developments, 2015-2017

Table: Heliae: Key Strategic Developments, 2015-2017

Table: Igene Biotechnology: Key Strategic Developments, 2015-2017


List of Figures

Figure: Global Astaxanthin Market Share, By Source, 2014 & 2023

Figure: Global Astaxanthin Market, By Product, 2014 & 2023 ($Million)

Figure: Global Astaxanthin Market, By Application, 2014 & 2023 ($Million)

Figure: Global Astaxanthin Market, By Region, 2014 & 2023 ($Million)

Figure: Alga Technologies: Net Revenues, 2014-2016 ($Million)

Figure: Alga Technologies: Net Revenue Share, By Segment, 2016

Figure: Alga Technologies: Net Revenue Share, By Geography, 2016

Figure: Cyanotech Corporation: Net Revenues, 2014-2016 ($Million)

Figure: Cyanotech Corporation: Net Revenue Share, By Segment, 2016

Figure: Cyanotech Corporation: Net Revenue Share, By Geography, 2016

Figure: Fuji chemicals: Net Revenues, 2014-2016 ($Million)

Figure: Fuji chemicals: Net Revenue Share, By Segment, 2016

Figure: Fuji chemicals: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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