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Astaxanthin Market Global Analysis, Size, Share, Growth, Trends and Forecast 2020– 2028

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Sam K

The global astaxanthin market size is expected to reach USD 4.06 billion by 2028 according to a new study by Polaris Market Research. The report “Astaxanthin Market Share, Size, Trends, Industry Analysis Report, By Source (Natural [Yeast, Krill/Shrimp, Microalgae], Synthetic); By Product (Dried Algae Meal or Biomass, Oil, Softgel, Liquid); By Application (Nutraceuticals, Cosmetics, Aquaculture & Animal Feed); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Owing to its inflammatory properties it helps in pain reduction in joints, muscles, and tendons in patients suffering from chronic arthritis. Moreover, the rising prevalence of cognitive health disorders, diabetes, and cardiovascular diseases is also expected to favor market growth for astaxanthin. Astaxanthin helps in continuous blood flow in patients suffering from diabetes and high blood pressure.

Request for sample copy of this report @    https://www.polarismarketresearch.com/industry-analysis/astaxanthin-market/request-for-sample

In 2020, the natural market segment of the astaxanthin industry held the largest share and is likely to grow at a rapid pace over the assessment period. It is produced from naturally produced algae and yeasts and is largely popular in the biotechnology market, owing to its huge demand in pharmaceutical, feed, and nutraceuticals fields. Moreover, high carotenoid content, low maintenance cost, and rising demand for natural food supplements also boosting the market segment demand over the coming years.

Significant advancements in culture conditions, supported with technical abilities of OMICS, and health benefits offered by astaxanthin and carotenoids also fueled the segment’s growth. The growing demand for natural food supplements and negative perception of chemical products also projected to favor its growth. Most of the key players in the market for astaxanthin, such as BGG and Cyanotech, are strongly focusing on innovative technologies such as microalgae cultivation and concerned harvesting procedures.

Companies operating in the market for astaxanthin Cyanotech Corporation; Solix Algredients, JX Nippon Oil and Energy Corporation; IGENE Biotechnology, Inc.; Micro AS; Beijing Gingko Group (BGG); BlueOcean NutraSciences, Inc.; Fuji Chemical Industry Co., Ltd.; Algae Health Sciences, Fenchem; EID-Parry (India) Ltd.; and Algatechnologies.

Request for Discount on This Report @ https://www.polarismarketresearch.com/industry-analysis/astaxanthin-market/request-for-discount-pricing

Companies in the market for astaxanthin are focusing on innovation to enter into a promising sector. In this line, the Israel-based company, NextFerm Technologies Ltd., introduced AstaFerm. The product is the natural astaxanthin obtained through an innovative yeast fermentation process. This is a potent, odor, flavor-free, and free-flowing material. This is regarded as an effective antioxidant with proven potential towards immune reactions while maintaining faster recovery.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Polaris Market Research

Phone: 1-646-568-9980

Email: [email protected]

Web: www.polarismarketresearch.com

 

 

 

 

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