Astaxanthin

Astaxanthin Market - Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018–2025
Astaxanthin is a member of the xanthophyll family of carotenoids which is found in some
marine plants and animals. Also known as "the king of the carotenoids," it is acknowledged
as one of the most powerful antioxidants present in nature. Highest concentration of
Astaxanthin is found in Pacific sockeye salmon. It is also present in crab, algae, shrimp, krill,
red trout, and lobster. Commercial production of is from astaxanthin Haematococcus
pluviailis (HP). A hybrid system for photoautotrophic cultivation of Haematococcus pluviailis
comprises of a photobioreactor (PBR) fence.
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Astaxanthin has various health benefits such as supports cardiovascular health, supports
immune functioning, helps in protection of cells and nervous system from oxidative damage
and supports brain health. Astaxanthin has excellent UV-light protection effect and
antioxidant activity which makes it an excellent enhancement for eye health care.
Astaxanthin is beneficial in lowering oxidative stress and improving blood flow in smokers
and weighty people. Astaxanthin is used for curing Alzheimer's disease, Parkinson's
disease, protection against cancer, in boosting recovery after stroke, and in reducing skin
damage from ultraviolet (UV) light.
Astaxanthin has powerful UV-blocking properties that help protect human skin from sun
related damage. It is also beneficial in reducing wrinkles and in improving skin moisture
levels. Astaxanthin has natural anti-inflammatory properties and natural forms of astaxanthin
helps to block inflammatory COX2 enzymes and also suppressing serum levels of interleukin
1B, nitric oxide, C Reactive Protein (CRP), prostaglandin E2 and TNF-alpha (tumor necrosis
factor alpha). Astaxanthin is used for the treatment of breast cancer, comprising of reduced
growth of breast cancer cells. Astaxanthin can enhance endurance and fatigue levels after
exercise and also helps in boosting the body's consumption of fatty acids which helps
prevent muscle and skeletal damage.
Astaxanthin Market Outlook – Increasing Pharmaceutical Applications to be the Major
Market Driver
Asia Pacific and North America are expected to be the most potential markets for
Astaxanthin manufacturers. Asia Pacific is projected to witness relatively high growth in
terms of value over the forecast period. This is mainly attributed to the anticipated growth in
pharmaceutical industry, especially in developing countries such as China and India.
According to IBEF, US$ 55 billion will be generated by the Indian pharmaceuticals industry
by 2026. In addition to this, the growing medical tourism in India has boosted the growth of
succinic acid market in the region. India Brand Equity Foundation (IBEF) is a Trust
established by the Ministry of Commerce and Industry, Department of Commerce in
collaboration with the Government of India with the purpose of promoting and creating
international awareness of goods manufactured in India.
Various applications of Astaxanthin in pharmaceutical and personal care products are fueling
the growth of Astaxanthin market, especially in Asia Pacific and Middle East regions. High
production cost due to limited availability of raw materials is one of the factors affecting the
growth of astaxanthin market globally. Mergers and acquisitions, developing innovative
portfolio are some of the key strategies adopted by the top players in the global astaxanthin
market. In Fenchem Biotek Ltd, a leading provider of high-quality constituents for the
cosmetics industry expanded its cosmetic business in South American market. The new
plant has been set up in Sao Paulo, Brazil which also includes a warehouse for optimizing
supply chain. Some of the major companies operating in the global astaxanthin market
include BASF SE, Cyanotech Corporation, IGENE, BGG (Beijing Ginko Group), Supreme
Biotechnologies NZ Ltd, Parry Nutraceuticals, DSM NV, Algatechnologies Ltd., Yunnan
Alphy Biotech Co., LTD., and Fenchem Biotek Ltd.
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