Informative: What will be the Future of the Global Astaxanthin Market
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The rapid transmission of the COVID-19 has created a considerable
impact on the global astaxanthin market.
Astaxanthin is a keto-carotenoid that helps in reducing pain in the joints,
tendons, and muscles. Moreover, increasing emphasis on dietary consumption
owing to the high cost of hospitalization is one of the crucial factors for the
growth of the global astaxanthin market, during the forecast period. Furthermore,
it is projected that the global need for astaxanthin may experience a surge during
the COVID-19 outbreak period. However, the COVID-19 pandemic has hit the global
businesses and industries, multiple key players are coming forward with
strategic steps to fight against COVID-19 disease. For instance, Cardax, the U.S.-based
organization, has proposed a plan to develop astaxanthin for the treatment of
COVID-19. The further company states that astaxanthin may boost the immune
system along with minimizing the severe inflammatory responses associated with
the COVID-19 symptoms. Such researches and initiatives may lead to an increase
in the demand for astaxanthin, during the COVID-19 crisis. During the unprecedented
situation of a pandemic, we are helping our clients in understanding the COVID-19
impact on the Global
astaxanthin market. Our report includes:
·
Technological Impact
·
Social Impact
·
Investment Opportunity Analysis
·
Pre- & Post-COVID Market
Scenario
·
Infrastructure Analysis
·
Supply Side & Demand Side Impact
As per the latest publication of Research Dive, the global astaxanthin market
is set to register a $793.8 million by 2027, in the forecast period.
Download a Sample Copy and know How Natural astaxanthin Shall be the most lucrative till 2027 @ https://www.researchdive.com/request-toc-and-sample/258
The segmentation of the global astaxanthin
market has been done based on the source, product, application, and region. The
report provides key insights of drivers, restraint factors, segments, future opportunities,
and key manufacturers of the market.
Factors Affecting
The Growth
As per our analyst estimates, the growth
of the global astaxanthin market is mainly driven by the dramatic rise in high blood
pressure, diabetic and cardiovascular patients coupled with rising awareness
about natural antioxidants among the people. Contrary to this, the higher cost
of astaxanthin production is anticipated to decline the growth of the global astaxanthin
industry growth, during the analysis period.
The Natural
astaxanthin Shall be the most lucrative till 2027
Based on the source, the global astaxanthin
market is categorized into natural and synthetic. The natural astaxanthin will have
rapid growth and is anticipated to generate huge revenue during the projected period.
The growth of the segment is mainly attributed to the rising awareness regarding
the healthy lifestyle along with cost-effectiveness.
Check out How
COVID-19 impact on the Astaxanthin Market.
Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/258
The Softgel
segment shall register Massive growth throughout the analysis period
Depending on product, the global market
is broadly segmented into oil, dried algae meal, liquid, softgel, and others. The
softgel segment is expected to rise at a noteworthy growth rate during the projected
period mainly owing to effective and result-oriented treatment on eyesight and
skin diseases.
Nutraceuticals are
expected to grow exponentially, in the global marketplace
On the basis of applications, the
global market for astaxanthin is divided into cosmetics, aquaculture &
animal feed, nutraceutical, and others. The
nutraceutical segment will have the fastest market growth and is anticipated to
generate a remarkable revenue in the analysis period. Low side-effect
properties, high nutritional values, and effective treatments on CVDs diabetes
and other diseases may lead to an increase in the growth of the segment, during
the analysis period.
Geographical
Analysis and Major Market Players
on the basis of region, the global astaxanthin
market is categorized into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific
astaxanthin market has the largest market share and it will register a noteworthy
revenue in the forecasted period. The increasing demand for natural products,
rising geriatric population and, growing tend of nutritive supplement
consumption, particularly in China, India, and Japan anticipated to boost the
APAC astaxanthin market, throughout the forecast period.
The leading global astaxanthin organization
includes
·
Beijing
Gingko Group,
·
FENCHEM,
·
JXTG
Nippon Oil & Energy Corporation,
·
E.I.D.-Parry
(India) Limited,
·
Cyanotech
Corporation,
·
Heliae
Development, LLC,
·
Fuji
Chemical Industries Co., Ltd.,
·
Algatech
LTD,
·
DSM,
·
BASF
SE.
About Us:
Research Dive is a market research firm based in
Pune, India. Maintaining the integrity and authenticity of the services, the
firm provides the services that are solely based on its exclusive data model,
compelled by the 360-degree research methodology, which guarantees
comprehensive and accurate analysis. With unprecedented access to several paid
data resources, team of expert researchers, and strict work ethic, the firm
offers insights that are extremely precise and reliable. Scrutinizing relevant
news releases, government publications, decades of trade data, and technical
& white papers, Research dive deliver the required services to its clients
well within the required timeframe. Its expertise is focused on examining niche
markets, targeting its major driving factors, and spotting threatening
hindrances. Complementarily, it also has a seamless collaboration with the
major industry aficionado that further offers its research an edge.
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Research Dive
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