The Latin America, Middle East and Africa Astaxanthin Market would witness market growth of 18.4% CAGR during the forecast period (2022-2028).
Presently, the highest number of studies demonstrate the issue of incorporation of astaxanthin in a system of Nano-dispersion. Because of the stability, water solubility, large bioavailability, and ease of processing of the Nano dispersion system, it is expected Nano-dispersion system will be helpful in several food and pharmaceutical applications.
The presence of astaxanthin and various carotenoid in seafood and another environment basically leads to the generation of oil in water. The major process required is the protection of the dispersion of astaxanthin from molecular adjustment and destruction. Several types of research have shown that water solubility, high stability, and large bioavailability of astaxanthin dispersion can be effortlessly attained by encapsulation technologies.
With a huge quantity of health concerns, people are highly interested in natural food coloring agents with fewer side effects, compared to other chemical products which could act as market growth agents. The rising demand for astaxanthin is anticipated to rise because of its several uses in the pharmaceutical, nutraceutical, and feed industries. Additionally, the exceptional color and properties related to astaxanthin will raise its usage of it in aquaculture industries, food coloring methods, and others.
Nutracosmetics demand in Saudi Arabia is growing rapidly due to the nation’s increasing population who is supported by the high-income levels. With aim to satisfy consumer demand, the cosmetic manufacturers are introducing such products more frequently. The increasing popularity of luxury brands is anticipated to impact the Saudi Arabian nutracosmetic industry positively. Saudi Arabia has strict laws governing halal cosmetics. As a result, customers are becoming more aware of the availability of halal & vegan cosmetics nutracosmetics. Due to this, many companies are working hard to give vegan skin care products to build their brands. Due to this, consumers tend to keep current, which in turn aids the Saudi Arabia nutracosmetics industry to expand.
The Brazil market dominated the LAMEA Astaxanthin Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $77.8 million by 2028.The Argentina market is experiencing a CAGR of 19% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Presently, the highest number of studies demonstrate the issue of incorporation of astaxanthin in a system of Nano-dispersion. Because of the stability, water solubility, large bioavailability, and ease of processing of the Nano dispersion system, it is expected Nano-dispersion system will be helpful in several food and pharmaceutical applications.
The presence of astaxanthin and various carotenoid in seafood and another environment basically leads to the generation of oil in water. The major process required is the protection of the dispersion of astaxanthin from molecular adjustment and destruction. Several types of research have shown that water solubility, high stability, and large bioavailability of astaxanthin dispersion can be effortlessly attained by encapsulation technologies.
With a huge quantity of health concerns, people are highly interested in natural food coloring agents with fewer side effects, compared to other chemical products which could act as market growth agents. The rising demand for astaxanthin is anticipated to rise because of its several uses in the pharmaceutical, nutraceutical, and feed industries. Additionally, the exceptional color and properties related to astaxanthin will raise its usage of it in aquaculture industries, food coloring methods, and others.
Nutracosmetics demand in Saudi Arabia is growing rapidly due to the nation’s increasing population who is supported by the high-income levels. With aim to satisfy consumer demand, the cosmetic manufacturers are introducing such products more frequently. The increasing popularity of luxury brands is anticipated to impact the Saudi Arabian nutracosmetic industry positively. Saudi Arabia has strict laws governing halal cosmetics. As a result, customers are becoming more aware of the availability of halal & vegan cosmetics nutracosmetics. Due to this, many companies are working hard to give vegan skin care products to build their brands. Due to this, consumers tend to keep current, which in turn aids the Saudi Arabia nutracosmetics industry to expand.
The Brazil market dominated the LAMEA Astaxanthin Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $77.8 million by 2028.The Argentina market is experiencing a CAGR of 19% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- 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 LAMEA Astaxanthin Market, by Product
1.4.2 LAMEA Astaxanthin Market, by Source
1.4.3 LAMEA Astaxanthin Market, by Application
1.4.4 LAMEA 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. LAMEA Astaxanthin Market by Product
3.1 LAMEA Dried Algae Meal Or Biomass Market by Country
3.2 LAMEA Softgel Market by Country
3.3 LAMEA Oil Market by Country
3.4 LAMEA Liquid Market by Country
3.5 LAMEA Others Market by Country
Chapter 4. LAMEA Astaxanthin Market by Source
4.1 LAMEA Natural Market by Country
4.2 LAMEA Astaxanthin Market by Natural Type
4.2.1 LAMEA Yeast Market by Country
4.2.2 LAMEA Microalgae Market by Country
4.2.3 LAMEA Krill/Shrimp Market by Country
4.2.4 LAMEA Others Market by Country
4.3 LAMEA Synthetic Market by Country
Chapter 5. LAMEA Astaxanthin Market by Application
5.1 LAMEA Aquaculture & Animal Feed Market by Country
5.2 LAMEA Nutraceuticals Market by Country
5.3 LAMEA Cosmetics Market by Country
5.4 LAMEA Food Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Astaxanthin Market by Country
6.1 Brazil Astaxanthin Market
6.1.1 Brazil Astaxanthin Market by Product
6.1.2 Brazil Astaxanthin Market by Source
6.1.2.1 Brazil Astaxanthin Market by Natural Type
6.1.3 Brazil Astaxanthin Market by Application
6.2 Argentina Astaxanthin Market
6.2.1 Argentina Astaxanthin Market by Product
6.2.2 Argentina Astaxanthin Market by Source
6.2.2.1 Argentina Astaxanthin Market by Natural Type
6.2.3 Argentina Astaxanthin Market by Application
6.3 UAE Astaxanthin Market
6.3.1 UAE Astaxanthin Market by Product
6.3.2 UAE Astaxanthin Market by Source
6.3.2.1 UAE Astaxanthin Market by Natural Type
6.3.3 UAE Astaxanthin Market by Application
6.4 Saudi Arabia Astaxanthin Market
6.4.1 Saudi Arabia Astaxanthin Market by Product
6.4.2 Saudi Arabia Astaxanthin Market by Source
6.4.2.1 Saudi Arabia Astaxanthin Market by Natural Type
6.4.3 Saudi Arabia Astaxanthin Market by Application
6.5 South Africa Astaxanthin Market
6.5.1 South Africa Astaxanthin Market by Product
6.5.2 South Africa Astaxanthin Market by Source
6.5.2.1 South Africa Astaxanthin Market by Natural Type
6.5.3 South Africa Astaxanthin Market by Application
6.6 Nigeria Astaxanthin Market
6.6.1 Nigeria Astaxanthin Market by Product
6.6.2 Nigeria Astaxanthin Market by Source
6.6.2.1 Nigeria Astaxanthin Market by Natural Type
6.6.3 Nigeria Astaxanthin Market by Application
6.7 Rest of LAMEA Astaxanthin Market
6.7.1 Rest of LAMEA Astaxanthin Market by Product
6.7.2 Rest of LAMEA Astaxanthin Market by Source
6.7.2.1 Rest of LAMEA Astaxanthin Market by Natural Type
6.7.3 Rest of LAMEA 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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