The North America Astaxanthin Market would witness market growth of 14.4% CAGR during the forecast period (2022-2028).
Companies in the nutraceutical industry are drastically rising the production & manufacturing ability and distribution chain to meet the demand for nutraceutical products. Additionally, the rising adoption of enhanced technologies to increase production is anticipated to support the market in expansion. The utilization of new technologies to fulfill the demand without hampering the quality of astaxanthin will eventually increase production.
The affordable technologies which are highly utilized in the production of astaxanthin are photo bioreactor (PBR) and flat panel airlift (FPA). Apart from this, other technologies are an open pond, hybrid, closed microalgae, green technology production systems powered by sunlight, and supercritical carbon dioxide extraction.
To overcome the rising demand in the nutraceutical and pharmaceutical businesses, the market players are extensively looking for enhanced practices and technologies. There will be a new option available soon as a rise in the study of astaxanthin utilization can be witnessed. Several studies have been conducted in the recent past to calculate the ability of astaxanthin in various end-use enterprises.
The customers in the United States and Canada are well aware regarding the concept of “beauty foods” and are highly interested in purchasing products like UV protection and wrinkle smoothing products, which pushes the manufacturers to bring these types of products to market. Moreover, the number of people aged 50 and more is increasing. As the aging population is increasing, there will be a huge demand for nutra-cosmetic products to protect their skin from aging. This will increase the usage of astaxanthin as an ingredient in cosmetics, thereby leading to market growth in this region.
The US market dominated the North America Astaxanthin Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,259.6 million by 2028.The Canada market is poised to grow at a CAGR of 17% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.9% 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 U.S., Mexico, Canada, and Rest of North America
Free Valuable Insights: The Global Astaxanthin Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Astaxanthin Market, by Product
1.4.2 North America Astaxanthin Market, by Source
1.4.3 North America Astaxanthin Market, by Application
1.4.4 North America Astaxanthin Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Astaxanthin Market by Product
3.1 North America Dried Algae Meal Or Biomass Market by Country
3.2 North America Softgel Market by Country
3.3 North America Oil Market by Country
3.4 North America Liquid Market by Country
3.5 North America Others Market by Country
Chapter 4. North America Astaxanthin Market by Source
4.1 North America Natural Market by Country
4.2 North America Astaxanthin Market by Natural Type
4.2.1 North America Yeast Market by Country
4.2.2 North America Microalgae Market by Country
4.2.3 North America Krill/Shrimp Market by Country
4.2.4 North America Others Market by Country
4.3 North America Synthetic Market by Country
Chapter 5. North America Astaxanthin Market by Application
5.1 North America Aquaculture & Animal Feed Market by Country
5.2 North America Nutraceuticals Market by Country
5.3 North America Cosmetics Market by Country
5.4 North America Food Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Astaxanthin Market by Country
6.1 US Astaxanthin Market
6.1.1 US Astaxanthin Market by Product
6.1.2 US Astaxanthin Market by Source
6.1.2.1 US Astaxanthin Market by Natural Type
6.1.3 US Astaxanthin Market by Application
6.2 Canada Astaxanthin Market
6.2.1 Canada Astaxanthin Market by Product
6.2.2 Canada Astaxanthin Market by Source
6.2.2.1 Canada Astaxanthin Market by Natural Type
6.2.3 Canada Astaxanthin Market by Application
6.3 Mexico Astaxanthin Market
6.3.1 Mexico Astaxanthin Market by Product
6.3.2 Mexico Astaxanthin Market by Source
6.3.2.1 Mexico Astaxanthin Market by Natural Type
6.3.3 Mexico Astaxanthin Market by Application
6.4 Rest of North America Astaxanthin Market
6.4.1 Rest of North America Astaxanthin Market by Product
6.4.2 Rest of North America Astaxanthin Market by Source
6.4.2.1 Rest of North America Astaxanthin Market by Natural Type
6.4.3 Rest of North America Astaxanthin Market by Application
Chapter 7. Company Profiles
7.1 E.I.D. Parry Limited (Murugappa Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Acquisitions, Mergers and Joint Ventures:
7.2 Cyanotech Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent Strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.3 ENEOS Corporation (Eneos Holdings)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Algatech Ltd. (Solabia Group)
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 MicroA AS
7.5.1 Company Overview
7.6 Beijing Gingko Group
7.6.1 Company Overview
7.7 Algalif Iceland ehf
7.7.1 Company Overview
7.8 Fuji Chemical Industries Co., Ltd.
7.8.1 Company Overview
7.9 Piveg, Inc.
7.9.1 Company Overview
7.10. Atacama Bio Natural Products S.A.
7.10.1 Company Overview
TABLE 1 North America Astaxanthin Market, 2018 - 2021, USD Million
TABLE 2 North America Astaxanthin Market, 2022 - 2028, USD Million
TABLE 3 North America Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Dried Algae Meal Or Biomass Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Dried Algae Meal Or Biomass Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Softgel Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Softgel Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Oil Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Oil Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Liquid Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Liquid Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 16 North America Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 17 North America Natural Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Natural Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 20 North America Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 21 North America Yeast Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Yeast Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Microalgae Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Microalgae Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Krill/Shrimp Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Krill/Shrimp Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Synthetic Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Synthetic Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 32 North America Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 33 North America Aquaculture & Animal Feed Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Aquaculture & Animal Feed Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Nutraceuticals Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Nutraceuticals Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Cosmetics Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Cosmetics Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Food Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Food Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Astaxanthin Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Astaxanthin Market by Country, 2022 - 2028, USD Million
TABLE 45 US Astaxanthin Market, 2018 - 2021, USD Million
TABLE 46 US Astaxanthin Market, 2022 - 2028, USD Million
TABLE 47 US Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 48 US Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 49 US Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 50 US Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 51 US Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 52 US Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 53 US Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 54 US Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 55 Canada Astaxanthin Market, 2018 - 2021, USD Million
TABLE 56 Canada Astaxanthin Market, 2022 - 2028, USD Million
TABLE 57 Canada Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 58 Canada Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 59 Canada Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 60 Canada Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 61 Canada Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 62 Canada Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 63 Canada Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 64 Canada Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 65 Mexico Astaxanthin Market, 2018 - 2021, USD Million
TABLE 66 Mexico Astaxanthin Market, 2022 - 2028, USD Million
TABLE 67 Mexico Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 68 Mexico Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 69 Mexico Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 70 Mexico Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 71 Mexico Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 72 Mexico Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 73 Mexico Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 74 Mexico Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 75 Rest of North America Astaxanthin Market, 2018 - 2021, USD Million
TABLE 76 Rest of North America Astaxanthin Market, 2022 - 2028, USD Million
TABLE 77 Rest of North America Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 78 Rest of North America Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 79 Rest of North America Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 80 Rest of North America Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 81 Rest of North America Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 82 Rest of North America Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 83 Rest of North America Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 84 Rest of North America Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 85 Key Information – E.I.D. Parry Limited
TABLE 86 Key Information – Cyanotech Corporation
TABLE 87 Key Information – ENEOS Corporation
TABLE 88 Key Information – Algatechnologies Ltd.
TABLE 89 Key Information – MicroA AS
TABLE 90 Key Information – Beijing Gingko Group
TABLE 91 Key Information – Algalif Iceland ehf.
TABLE 92 Key Information – Fuji Chemical Industries Co., Ltd.
TABLE 93 Key Information – Piveg, Inc.
TABLE 94 Key Information – Atacama Bio Natural Products S.A.
List of Figures
FIG 1 Methodology for the research