The Asia Pacific Astaxanthin Market would witness market growth of 15.9% CAGR during the forecast period (2022-2028).
Astaxanthin has the ability to enhance the DNA repair capacity of cells affected by UV radiation. Basically, astaxanthin has the ability to reduce the damaging effect of DNA and can influence the Kinetics of DNA repairing. The most costly and major industrial pigment which is commonly used in aquaculture is Xanthophyll astaxanthin.
The pink and red color of salmonid meat and shrimp is result of astaxanthin. Because of its anti-oxidant ability among carotenoids, sometimes, it is also used to provide protection to food & beverages. Yet its use in food technology is less because of the unidentified effects of long-term consumption of synthetic astaxanthin on the health of humans and due to the fewer sources and costly natural astaxanthin.
India has always been the biggest market for nutra-cosmetic in South Asia. In India, there are not many professional makeup brands that can provide a huge range of salon and makeup artists. In pursuit of the development of competition within the Indian beauty industry, the fast-economic growth in India has brought a large number of international companies, which makes India a prominent region and a main source of Nutra-cosmetic products sales. The demand for Nutra-cosmetic is majorly pushed by the aging population, which has raised the demand for products with the anti-aging ability to enhance the texture of the skin and slow down the process.
The China market dominated the Asia Pacific Astaxanthin Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $345 million by 2028.The Japan market is estimated to grow a CAGR of 15.2% during (2022 - 2028). Additionally, The India market would display a CAGR of 16.6% during (2022 - 2028).
Based on Product, the market is segmented into Dried Algae Meal Or Biomass, Softgel, Oil, Liquid and Others. Based on Source, the market is segmented into Natural and Synthetic. Based on Natural Type, the market is segmented into Yeast, Microalgae, Krill/Shrimp and Others. Based on Application, the market is segmented into Aquaculture & Animal Feed, Nutraceuticals, Cosmetics, Food and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include E.I.D. Parry Limited (Murugappa Group), Cyanotech Corporation, ENEOS Corporation (Eneos Holdings), Algatech Ltd. (Solabia Group), MicroA AS, Beijing Gingko Group, Algalif Iceland ehf, Piveg, Inc., Fuji Chemical Industries Co., Ltd., and Atacama Bio Natural Products S.A.
Astaxanthin has the ability to enhance the DNA repair capacity of cells affected by UV radiation. Basically, astaxanthin has the ability to reduce the damaging effect of DNA and can influence the Kinetics of DNA repairing. The most costly and major industrial pigment which is commonly used in aquaculture is Xanthophyll astaxanthin.
The pink and red color of salmonid meat and shrimp is result of astaxanthin. Because of its anti-oxidant ability among carotenoids, sometimes, it is also used to provide protection to food & beverages. Yet its use in food technology is less because of the unidentified effects of long-term consumption of synthetic astaxanthin on the health of humans and due to the fewer sources and costly natural astaxanthin.
India has always been the biggest market for nutra-cosmetic in South Asia. In India, there are not many professional makeup brands that can provide a huge range of salon and makeup artists. In pursuit of the development of competition within the Indian beauty industry, the fast-economic growth in India has brought a large number of international companies, which makes India a prominent region and a main source of Nutra-cosmetic products sales. The demand for Nutra-cosmetic is majorly pushed by the aging population, which has raised the demand for products with the anti-aging ability to enhance the texture of the skin and slow down the process.
The China market dominated the Asia Pacific Astaxanthin Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $345 million by 2028.The Japan market is estimated to grow a CAGR of 15.2% during (2022 - 2028). Additionally, The India market would display a CAGR of 16.6% during (2022 - 2028).
Based on Product, the market is segmented into Dried Algae Meal Or Biomass, Softgel, Oil, Liquid and Others. Based on Source, the market is segmented into Natural and Synthetic. Based on Natural Type, the market is segmented into Yeast, Microalgae, Krill/Shrimp and Others. Based on Application, the market is segmented into Aquaculture & Animal Feed, Nutraceuticals, Cosmetics, Food and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include E.I.D. Parry Limited (Murugappa Group), Cyanotech Corporation, ENEOS Corporation (Eneos Holdings), Algatech Ltd. (Solabia Group), MicroA AS, Beijing Gingko Group, Algalif Iceland ehf, Piveg, Inc., Fuji Chemical Industries Co., Ltd., and Atacama Bio Natural Products S.A.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Dried Algae Meal Or Biomass
- Softgel
- Oil
- Liquid
- Others
By Source
- Natural
- Yeast
- Microalgae
- Krill/Shrimp
- Others
- Synthetic
By Application
- Aquaculture & Animal Feed
- Nutraceuticals
- Cosmetics
- Food
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- E.I.D. Parry Limited (Murugappa Group)
- Cyanotech Corporation
- ENEOS Corporation (Eneos Holdings)
- Algatech Ltd. (Solabia Group)
- MicroA AS
- Beijing Gingko Group
- Algalif Iceland ehf
- Piveg, Inc
- Fuji Chemical Industries Co., Ltd
- Atacama Bio Natural Products S.A
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- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Astaxanthin Market, by Product
1.4.2 Asia Pacific Astaxanthin Market, by Source
1.4.3 Asia Pacific Astaxanthin Market, by Application
1.4.4 Asia Pacific Astaxanthin Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Astaxanthin Market by Product
3.1 Asia Pacific Dried Algae Meal Or Biomass Market by Country
3.2 Asia Pacific Softgel Market by Country
3.3 Asia Pacific Oil Market by Country
3.4 Asia Pacific Liquid Market by Country
3.5 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Astaxanthin Market by Source
4.1 Asia Pacific Natural Market by Country
4.2 Asia Pacific Astaxanthin Market by Natural Type
4.2.1 Asia Pacific Yeast Market by Country
4.2.2 Asia Pacific Microalgae Market by Country
4.2.3 Asia Pacific Krill/Shrimp Market by Country
4.2.4 Asia Pacific Others Market by Country
4.3 Asia Pacific Synthetic Market by Country
Chapter 5. Asia Pacific Astaxanthin Market by Application
5.1 Asia Pacific Aquaculture & Animal Feed Market by Country
5.2 Asia Pacific Nutraceuticals Market by Country
5.3 Asia Pacific Cosmetics Market by Country
5.4 Asia Pacific Food Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Astaxanthin Market by Country
6.1 China Astaxanthin Market
6.1.1 China Astaxanthin Market by Product
6.1.2 China Astaxanthin Market by Source
6.1.2.1 China Astaxanthin Market by Natural Type
6.1.3 China Astaxanthin Market by Application
6.2 Japan Astaxanthin Market
6.2.1 Japan Astaxanthin Market by Product
6.2.2 Japan Astaxanthin Market by Source
6.2.2.1 Japan Astaxanthin Market by Natural Type
6.2.3 Japan Astaxanthin Market by Application
6.3 India Astaxanthin Market
6.3.1 India Astaxanthin Market by Product
6.3.2 India Astaxanthin Market by Source
6.3.2.1 India Astaxanthin Market by Natural Type
6.3.3 India Astaxanthin Market by Application
6.4 South Korea Astaxanthin Market
6.4.1 South Korea Astaxanthin Market by Product
6.4.2 South Korea Astaxanthin Market by Source
6.4.2.1 South Korea Astaxanthin Market by Natural Type
6.4.3 South Korea Astaxanthin Market by Application
6.5 Singapore Astaxanthin Market
6.5.1 Singapore Astaxanthin Market by Product
6.5.2 Singapore Astaxanthin Market by Source
6.5.2.1 Singapore Astaxanthin Market by Natural Type
6.5.3 Singapore Astaxanthin Market by Application
6.6 Malaysia Astaxanthin Market
6.6.1 Malaysia Astaxanthin Market by Product
6.6.2 Malaysia Astaxanthin Market by Source
6.6.2.1 Malaysia Astaxanthin Market by Natural Type
6.6.3 Malaysia Astaxanthin Market by Application
6.7 Rest of Asia Pacific Astaxanthin Market
6.7.1 Rest of Asia Pacific Astaxanthin Market by Product
6.7.2 Rest of Asia Pacific Astaxanthin Market by Source
6.7.2.1 Rest of Asia Pacific Astaxanthin Market by Natural Type
6.7.3 Rest of Asia Pacific Astaxanthin Market by Application
Chapter 7. Company Profiles
7.1 E.I.D. Parry Limited (Murugappa Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Acquisitions, Mergers and Joint Ventures:
7.2 Cyanotech Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent Strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.3 ENEOS Corporation (Eneos Holdings)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Algatech Ltd. (Solabia Group)
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 MicroA AS
7.5.1 Company Overview
7.6 Beijing Gingko Group
7.6.1 Company Overview
7.7 Algalif Iceland ehf
7.7.1 Company Overview
7.8 Fuji Chemical Industries Co., Ltd.
7.8.1 Company Overview
7.9 Piveg, Inc.
7.9.1 Company Overview
7.10. Atacama Bio Natural Products S.A.
7.10.1 Company Overview
Companies Mentioned
- E.I.D. Parry Limited (Murugappa Group)
- Cyanotech Corporation
- ENEOS Corporation (Eneos Holdings)
- Algatech Ltd. (Solabia Group)
- MicroA AS
- Beijing Gingko Group
- Algalif Iceland ehf
- Piveg, Inc.
- Fuji Chemical Industries Co., Ltd.
- Atacama Bio Natural Products S.A.
Methodology
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