The Global Astaxanthin Market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2025, at a CAGR of XX% during 2018 to 2025.
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Increasing consumer spending on personal care and cosmetic products along with growing awareness regarding nutraceuticals is driving the astaxanthin market growth. However, stringent regulations regarding the product usage in direct human consumption products can hinder the growth of the market.
The global astaxanthin market is primarily segmented based on different type, application, and regions.
On the basis of type, the market is split into:
* Dried Algae Meal or Biomass
* Other Types
On the basis of application, the market is split into:
* Aquaculture and Animal Feed
* Other Applications
Moreover, the market is classified based on regions and countries as follows:
* North America- U.S., Canada
* Europe- U.K., France, Germany, Italy and Rest of Europe
* Asia-Pacific- China, Japan, India and Rest of Asia Pacific
* South America- Brazil, Mexico and Rest of South America
* Middle East & Africa- South Africa, Saudi Arabia and Rest of Middle East & Africa
Key Market Players:
The key players profiled in the market include:
* BASF SE
* Nippon Oil & Energy Corporation
* Beijing Ginko Group
* Fuji Chemical Company
* INNOBIO Ltd.
* Contract Biotics
* Mera Pharmaceuticals
* Piveg Inc.
These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their operations across the globe.
Key Benefits of the Report:
* Global, regional, country, type, and application market size and their forecast from 2014-2025
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
* Detailed analysis on industry outlook with market specific PESTLE, and supply chain to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
* Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, type, application with qualitative and quantitative information and facts
* Astaxanthin Manufacturers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Government Body & Associations
* Research Institutes
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