Astaxanthine Market Demand, Trends, Size and Future Outlook Till 2034
Global Astaxanthin Market Size- By Source, By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: HLCA25157 | Pages: 1 - 250 | Formats*: |
| Category : Healthcare | |||
Global Astaxanthin Market Introduction and Overview
According to SPER Market Research, the Global Astaxanthin Market is estimated to reach USD 7.89 billion by 2034 with a CAGR of 15.03%.
The global Astaxanthin market was valued at USD XX billion in 2024 and is expected to increase at a CAGR of XX% from 2025 to 2034. Astaxanthin expanding demand is being driven by its increased use in a variety of industries, including aquaculture, animal feed, nutraceuticals, cosmetics, medicines, and food and drinks. It is commonly used as a food additive for prawns and fish, including salmon, trout, and ornamental fish, to improve their colors and economic value. Other advantages for aquatic species include increased stress tolerance, performance, immune-related gene expressions, reproductive capability, improved survival, and disease resistance. To fulfill the growing demand for aquaculture, major firms are focused on new product development and collaboration agreements.
Recent Developments:
In March 2024: Nutrex-Hawaii, Inc., a subsidiary of Cyanotech Corporation, has launched a sugar-free gummy version of their best-selling BioAstin Hawaiian Astaxanthin dietary supplement, which has an amazing 12mg of natural Hawaiian Astaxanthin per serving. This novel product is expected to boost Cyanotech market position by meeting the growing need for handy, health-focused supplements.
In April 2023: AlgalÃf reported that construction of its 12,500 m² sustainable natural Astaxanthin production facility in Iceland is proceeding as planned. The USD 30 million expansion began in summer 2021 and is projected to be completely operational by the end of 2023. This considerable investment demonstrates Algal if’s commitment to satisfying the increasing global demand for high-quality Astaxanthin.
By Source:
The natural segment had the most revenue share of 58.45% in 2024 and is expected to increase at the quickest CAGR over the forecast period, owing to benefits such as high efficacy and sustainability. Currently, it is used to treat hypercholesterolemia, stroke, Parkinson's, Alzheimer's, and cancer. Furthermore, natural Astaxanthin has very positive effects on the skin and eyes, as many studies have reported the use of these products in the treatment of ophthalmic diseases such as cataracts, uveitis, and glaucoma, as well as skin photo-aging treatments, due to its tenfold higher free radical inhibitory action than other antioxidants. Furthermore, continuous research to improve the quality and use of yeast-derived products is projected to drive segment expansion.
By Product:
Dried algae meal or biomass accounted for the greatest proportion of 25.12% in 2024, owing to its high production and cost efficiency. A December 2024 study published in the International Journal of Biological Macromolecules found that cultivating Haematococcus pluvialis with an alginate hydrogel membrane (AHM) and cotton gauze enhanced productivity by 70.8%, compared to conventional methods by 55.2%. This innovative technology optimizes cultivation factors like as light intensity and inoculum density, resulting in increased biomass yield and lower production costs. The segment's scalability and efficiency make it critical to addressing expanding demand in industries like as supplements, animal feed, and cosmetics. Furthermore, dried biomass simplifies downstream extraction, resulting in high-quality goods that strengthen its market dominance.
By Application:
The widespread use as a feed additive, the aquaculture and animal feed segment had the biggest share (46.07%) in 2024. Natural variations are employed as feed to develop reddish coloring in salmon, trout, and shrimp, which is a key determinant in consumer choice. The oil can also promote feed intake, leading in faster shrimp growth. As a result, the growing use of these goods in the aquaculture industry to improve seafood quality contributes to the segment's large market share. Key manufacturers are also producing novel animal feed products with medical benefits. The nutraceuticals industry is expected to expand rapidly as demand for natural alternatives grow and leading manufacturers continue to innovate their products.
By Regional:
North America's Astaxanthin market accounted for 35.27% of the total in 2024, owing to its advanced healthcare infrastructure and growing demand for natural antioxidants in health supplements and cosmetics. The presence of established firms such as Algatech Ltd and Cyanotech Corporation, together with rising consumer knowledge of the benefits of Astaxanthin, is driving market expansion. Furthermore, increased application in industries such as aquaculture and animal feed promotes market growth. Innovations in product formulations and continuous research into its medicinal applications all contribute to North America's strong position in the worldwide market.
Market Competitive Landscape
The market is very competitive, with significant competitors focusing on sustainability, innovation, and quality. One leader stands out for its sustainable algae cultivation methods and large-scale production. Some of the market players are ALGAMO, AlgalÃf Iceland ehf, Algatech Ltd, Atacama Bio Natural Products S.A., Beijing Gingko Group (BGG), Cyanotech Corporation, E.I.D.– Parry (India) Limited, ENEOS Corporation, Fuji Chemical Industries Co., Ltd, PIVEG, Inc. and others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Source, By Product, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | ALGAMO, AlgalÃf Iceland ehf, Algatech Ltd, Atacama Bio Natural Products S.A., Beijing Gingko Group (BGG), Cyanotech Corporation, E.I.D.– Parry (India) Limited, ENEOS Corporation, Fuji Chemical Industries Co., Ltd, PIVEG, Inc. and others. |
Key Topics Covered in the Report
- Global Astaxanthin Market Size (FY’2025-FY’2034)
- Overview of Global Astaxanthin Market
- Segmentation of Global Astaxanthin Market By Source (Natural and Synthetic)
- Segmentation of Global Astaxanthin Market By Product (Dried Algae Meal Or Biomass
- Oil, Soft gel, Liquid and Others)
- Segmentation of Global Astaxanthin Market By Application (Nutraceuticals, Cosmetics, Aquaculture And Animal Feed, Food and Others)
- Statistical Snap of Global Astaxanthin Market
- Expansion Analysis of Global Astaxanthin Market
- Problems and Obstacles in Global Astaxanthin Market
- Competitive Landscape in the Global Astaxanthin Market
- Details on Current Investment in Global Astaxanthin Market
- Competitive Analysis of Global Astaxanthin Market
- Prominent Players in the Global Astaxanthin Market
- SWOT Analysis of Global Astaxanthin Market
- Global Astaxanthin Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Astaxanthin Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Astaxanthin Market
7.Global Astaxanthin Market, By Source (USD Million) 2025-2034
7.1.Natural7.2.Synthetic
8.Global Astaxanthin Market, By Product (USD Million) 2025-2034
8.1.Dried Algae Meal Or Biomass8.2.Oil8.3.Soft gel8.4.Liquid8.5.Others
9.Global Astaxanthin Market, By Application (USD Million) 2025-2034
9.1.Nutraceuticals9.2.Cosmetics9.3.Aquaculture And Animal Feed9.4.Food9.5.Others
10.Global Astaxanthin Market Forecast, 2025-2034 (USD Million)
10.1.Global Astaxanthin Market Size and Market Share
11.Global Astaxanthin Market, By Region, 2025-2034 (USD Million)
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.ALGAMO
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.AlgalÃf Iceland ehf
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Algatech Ltd
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Atacama Bio Natural Products S.A.
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Beijing Gingko Group
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Cyanotech Corporation
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.E.I.D. – Parry (India) Limited
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.ENEOS Corporation
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Fuji Chemical Industries Co., Ltd
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.PIVEG, Inc.
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Astaxanthine market CAGR of 15.03% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Astaxanthine market size is USD 7.89 billion from 2025 to 2034.
Astaxanthine market is covered By Source, By Product, By Application
The North America is anticipated to have the highest Market share in the Astaxanthine market.
ALGAMO, Algalíf Iceland ehf, Algatech Ltd, Atacama Bio Natural Products S.A., Beijing Gingko Group (BGG), Cyanotech Corporation, E.I.D.– Parry (India) Limited, ENEOS Corporation, Fuji Chemical Industries Co., Ltd, PIVEG, Inc. and others.
It is commonly used as a food additive for prawns and fish, including salmon, trout, and ornamental fish, to improve their colors and economic value.
Astaxanthine market is projected to reach USD 7.89 billion by 2034, growing at a CAGR of of 15.03% during the forecast period.
Astaxanthine market grew in Market size from 2025. The Market is expected to reach USD 7.89 billion by 2034, at a CAGR of 15.03% during the forecast period.
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