The global astaxanthin market is estimated to grow at a CAGR of around 5% during the forecast period. It is considered that astaxanthin has the potential to protect human cells from oxidation and inflammation. Astaxanthin has anti-inflammatory property, it helps the patients who are suffering from muscles & joints pain and arthritis. Moreover, the growing diseases like diabetes, cardiovascular diseases, cancer, and other health problems are also driving the market growth. Sometimes, high doses of astaxanthin cause stomach pain. Besides, some side effects of astaxanthin such as increased bowel movements and red stool color are restraining the growth of the global astaxanthin market.


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In Dec 2019, ADAMA Agricultural Solution Ltd. launched its new fungicide product ARMERO, it is a combination of two active ingredients prothioconazole and mancozeb. The company is planning to market its product in Brazil, Europe and other countries. The fungicide is designed with an aim to control Asian soybean rust. In 2017, ADAMA acquired the crop protection product of Syngenta AG, the Bravo, fungicides family product including Bravo Weather Silk, Bravo Ultrex and Bravo ZN to strengthen its fungicides product portfolio.


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Technological innovations such as the emergence of synthetic astaxanthin and innovation in manufacturing technology are one of the factors creating a huge opportunity in the near future. For instance, using photo-bioreactors, Algamo Ltd. produces astaxanthin, it is used to reduce water wastage and saving electricity. Another astaxanthin manufacturing innovation is the sealed microalgae cultivation system, it is used to reduce the risks associated with entrapment of foreign objects, agricultural residue, and microbial contamination. Fenchem’s innovation AstaMarin, a carotenoid nutrient. It is 500 times stronger than vitamin E, 7 times stronger than lycopene and 10 times stronger than beta-carotene.


Global Astaxanthin Market - Market Segmentation

Global Astaxanthin Market by Product
• Powder
• Capsules and Softgel
• Tablets
• Liquid and Oil
• Other

Global Astaxanthin Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• Algatech, Ltd. (Solabia Group)
• Archer Daniels Midland Co.
• AstaReal AB
• Beijing Gingko Group (BGG)
• Cardax, Inc.
• CO2 Gro, Inc.
• Cyanotech Corp.
• Divi's Laboratories Ltd.
• EID-Parry Ltd.
• Fuji Chemical Industries Co., Ltd.
• Heliae Development, LLC
• IGENE Biotechnology, Inc
• JXTG Nippon Oil and Energy Corp.
• Koninklijke DSM N.V
• MicroA AS
• Otsuka Pharmaceutical Co., Ltd.
• Parry Nutraceuticals, Piveg, Inc.


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