Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 700 Million | USD 1364 Million | 8.73% | 2022 |
FrequentlyAsked Questions
Astaxanthin is a chemical compound. It is a keto-carotenoid and falls in the group of terpenes.
The global astaxanthin market is expected to register high growth owing to the growing demand for novel cosmetic products across the globe.
According to study, the global astaxanthin market size was worth around 700 million in 2022 and is predicted to grow to around USD 1364 million by 2030.
Which region will contribute notably towards the astaxanthin market value?The CAGR value of the astaxanthin market is expected to be around 8.73% during 2023-2030.
The global astaxanthin market will be led by North America during the forecast period with a CAGR of more than 10%.
The global astaxanthin market is led by players like MicroA, Algatech Ltd, Algalíf Iceland ehf, Fuji Chemical Industries Co., Ltd, Cyanotech Corporation, Atacama Bio Natural Products S.A., Beijing Gingko Group (BGG), ENEOS Corporation, PIVEG, Inc., and E.I.D. - Parry.
The report explores crucial aspects of the astaxanthin market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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