Europe Astaxanthin Market

Europe Astaxanthin Market Size, Share & Industry Trends Analysis Report By Product (Dried Algae Meal Or Biomass, Softgel, Oil, Liquid), By Source (Natural and Synthetic), By Natural Type, By Application, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13138 Publication Date: January-2023 Number of Pages: 85
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Market Report Description

The Europe Astaxanthin Market would witness market growth of 14.6% CAGR during the forecast period (2022-2028).

Astaxanthin acts as an antioxidant and offers a reduction in the free radicals in the body. Astaxanthin is naturally taken out from the plant and it has a reddish tinge to it. Moreover, it enhances the consistency of the skin and protection of the eyes. Astaxanthin improves the moisture level of the skin and makes it even more elastic.

It also aids in decreasing wrinkles and acne. Astaxanthin is also used to enhance the immune system and the health of the heart. Furthermore, astaxanthin is an approved drug for the symptoms of Alzheimer’s disease and also of Parkinson’s disease. Astaxanthin has been proven to enhance skin health by downstream and direct influence on various procedures of the oxidative stress flow while preventing inflammatory mediators at the same time.

The changes in the molecular and morphological state of aged skin not only balanced the role of proactiveness but also participated in the appearance of the skin symptoms, too much dryness, pruritus, and raised predispositions to the formation of wrinkles, dyspigmentation, fragility, and problem in healing injuries, as well as change in permeability of skin for medicine.

The Italian cosmetic industry is the fourth largest sector in Europe, consisting of 12% of the total market volume. The cosmetic industry in Italy accounted for 17.5 billion USD with a growth of rate of 1.7% in 2017. The industry is further predicted to flourish in the future years. The cosmetic industry of France is vigorous and powerful. The “Made in France” label on cosmetic product is considered as a presentation of high quality. The products from France are sold all over the world and French cosmetic businesses have witnessed expansion across the globe.

The Germany market dominated the Europe Astaxanthin Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $275.3 million by 2028.The UK market is anticipated to grow at a CAGR of 13.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15.4% during (2022 - 2028).

Based on Product, the market is segmented into Dried Algae Meal Or Biomass, Softgel, Oil, Liquid and Others. Based on Source, the market is segmented into Natural and Synthetic. Based on Natural Type, the market is segmented into Yeast, Microalgae, Krill/Shrimp and Others. Based on Application, the market is segmented into Aquaculture & Animal Feed, Nutraceuticals, Cosmetics, Food and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Astaxanthin Market will Hit $4.4 Billion by 2028, at a CAGR of 15%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include E.I.D. Parry Limited (Murugappa Group), Cyanotech Corporation, ENEOS Corporation (Eneos Holdings), Algatech Ltd. (Solabia Group), MicroA AS, Beijing Gingko Group, Algalif Iceland ehf, Piveg, Inc., Fuji Chemical Industries Co., Ltd., and Atacama Bio Natural Products S.A.

Scope of the Study

Market Segments Covered in the Report:

By Product

  • Dried Algae Meal Or Biomass
  • Softgel
  • Oil
  • Liquid
  • Others

By Source

  • Natural
    • Yeast
    • Microalgae
    • Krill/Shrimp
    • Others
  • Synthetic

By Application

  • Aquaculture & Animal Feed
  • Nutraceuticals
  • Cosmetics
  • Food
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • E.I.D. Parry Limited (Murugappa Group)
  • Cyanotech Corporation
  • ENEOS Corporation (Eneos Holdings)
  • Algatech Ltd. (Solabia Group)
  • MicroA AS
  • Beijing Gingko Group
  • Algalif Iceland ehf
  • Piveg, Inc.
  • Fuji Chemical Industries Co., Ltd.
  • Atacama Bio Natural Products S.A.
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