According to the current analysis of Reports and Data, the global Astaxanthin Tablet market was valued at USD 597.2 million in 2019 and is expected to reach USD 1,058.6 million by the year 2028, at a CAGR of 6.5% . Astaxanthin Tablet is popularly taken as a supplement. It has been used safely in combination with other carotenoids, vitamins, and minerals at a considerable amount. Astaxanthin Tablet is a reddish pigment that belongs to a group of chemicals called carotenoids. It occurs naturally in certain algae and causes the pink or red color in salmon, trout, lobster, shrimp, and other seafood. Astaxanthin Tablet is consumed for treating Alzheimer's disease, Parkinson's disease, stroke, high cholesterol, liver diseases, age-related vision loss, and preventing tumors. It is also utilized in treating metabolic syndrome, which results in an increase in the risk of stroke and diabetes. It is also used for enhancing the overall workout performance, minimizing muscle damage after exercise, and diminishing muscle soreness after exercise. Moreover, Astaxanthin Tablet is used to prevent sunburn, to improve sleep, and many other medical conditions.
Astaxanthin Tablet is applied directly to the skin to protect against sunburn, to reduce wrinkles, and for other cosmetic benefits. In food, it is used as a coloring for salmon, crabs, shrimp, chicken, and egg production. In agriculture, Astaxanthin Tablet is used as a food supplement for egg-producing chickens. Though, side effects of Astaxanthin Tablet include stomach pain which is expected to alter consumer’s preference. There are two main markets, at the present time, for Haematoccocus Astaxanthin Tablet: as a feed additive and as a human nutraceutical. Astaxanthin Tablet has applications in feeds for animals for which color appearance is essential for consumer acceptability.
The largest consumer of Astaxanthin Tablet today is the salmon feed industry. However, the largest producers of Astaxanthin Tablet in the world market today produce Astaxanthin Tablet via chemical synthesis at significantly lower costs than is possible using Haematococcus at present. In some applications (koi, chickens, sea bream), Haematococcus Astaxanthin Tablet commands a premium price over synthetic Astaxanthin Tablet because of enhanced pigment deposition or regulatory requirements. It can be expected that as the public at large becomes educated to the fact that most salmon available today is fed an artificial pigment, desire for a naturally pigmented product will increase the demand, and price.
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Further key findings from the report suggest
- Astaxanthin Tablet has great demand in food, feed, nutraceutical and pharmaceutical applications. This has promoted major efforts to improve Astaxanthin Tablet production from biological sources instead of synthetic ones
- Production of Astaxanthin Tablet from natural sources has become one of the most successful activities in biotechnology
- Astaxanthin Tablet is used in various commercial applications in the market. Astaxanthin Tablet products are available in the form of capsule, soft gel, Tablet , powder, biomass, cream, energy drink, oil and extract in the market
- Patent applications are available on Astaxanthin Tablet for preventing bacterial infection, inflammation, vascular failure, cancer, cardiovascular diseases, inhibiting lipid peroxidation, reducing cell damage and body fat, and improving brain function and skin thickness
- The Asia-Pacific segment is expected to reach USD 202.98 million by 2027 in this market. This has significant implications for Astaxanthin Tablet product manufacturers
- The Feed application sub-segment is expected to register a CAGR of 7.2% during 2019-2027
Top Players in the Global Astaxanthin Tablet Market:
Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Valensa International (US), Fuji Chemical Industries Co. (Japan), Divis Laboratories Ltd. (India), Beijing Ginko Group (China), Igene Biotechnology, Inc. (US), Piveg, Inc. (US), Fenchem Biotek Ltd. (US), Algatechnologies (Israel), Cardax, Inc. (US), and Supreme Biotechnologies (US)
The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma & healthcare industry revenue growth over the recent past.
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Astaxanthin Tablet Market Segmentation:
On the basis of source, the Astaxanthin Tablet market has been segmented as follows:
- Natural Source
- Petroleum (Synthetic)
On the basis of Application, the Astaxanthin Tablet market has been segmented as follows:
- Feed
- Supplements
- Food
- Cosmetics
On the basis of Form, the Astaxanthin Tablet market has been segmented as follows:
- Dry Form
- Liquid Form
On the basis of the Method of Production, the Astaxanthin Tablet market has been segmented as follows:
- Microalgae Cultivation
- Fermentation
- Extraction
- Chemical Synthesis
Global Astaxanthin Tablet Market Report: Regional Segmentation
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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