Lucintel's latest market report analyzed that astaxanthin provides attractive opportunities in the dietary supplement, personal care, pharmaceuticals, food & beverage, and animal feed applications. The astaxanthin market is expected to reach $XX billion by 2028 with a CAGR of 8% to10%. In this market, natural is the largest segment by source, whereas animal feed is largest by application. Expansion of nutraceutical and cosmetic market and rising adoption of novel technologies to increase the production of astaxanthin provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/astaxanthin-market.aspx
Based on source, the astaxanthin market is segmented into synthetic and natural The natural segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to wide-scale availability, increased demand for natural food supplements, and higher efficacy compared to synthetic sources.
Browse in-depth TOC on “Astaxanthin Market”
XX – Tables
XX – Figures
150 – Pages
The Astaxanthin Market is marked by the presence of several big and small players. Some of the prominent players offering astaxanthin include ALGA Technologies, Algaecan Biotech, Algix, BASF, BGG, DSM, Fenchem, Cardax, Cyanotech Corporation, and Divis Laboratories Limited.
Request Sample Report:
https://www.lucintel.com/astaxanthin-market.aspx
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.