目次

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 INCLUSIONS AND EXCLUSIONS
1.4 REGIONS COVERED
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2016-2020
1.7 VOLUME UNIT CONSIDERED
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 2 ASTAXANTHIN MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key industry insights
2.1.2.2 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 MARKET SIZE ESTIMATION
FIGURE 4 ASTAXANTHIN MARKET SIZE ESTIMATION - SUPPLY SIDE (1/2)
FIGURE 5 ASTAXANTHIN MARKET SIZE ESTIMATION - SUPPLY SIDE (2/2)
FIGURE 6 ASTAXANTHIN MARKET SIZE ESTIMATION - DEMAND SIDE
2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 7 ASTAXANTHIN MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.2.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 8 ASTAXANTHIN MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR THE STUDY
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
2.6.1 SCENARIO-BASED MODELING
2.7 COVID-19 HEALTH ASSESSMENT
FIGURE 10 COVID-19: GLOBAL PROPAGATION
FIGURE 11 COVID-19 PROPAGATION: SELECT COUNTRIES
2.8 COVID-19 ECONOMIC ASSESSMENT
FIGURE 12 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
2.8.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
FIGURE 13 CRITERIA IMPACTING GLOBAL ECONOMY
FIGURE 14 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 51)
TABLE 2 ASTAXANTHIN MARKET SNAPSHOT, 2021 VS. 2026
FIGURE 15 IMPACT OF COVID-19 ON THE ASTAXANTHIN MARKET SIZE, BY SCENARIO, 2020 VS. 2021 (USD MILLION)
FIGURE 16 ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
FIGURE 17 ASTAXANTHIN MARKET SHARE (VALUE), BY FORM, 2021 VS. 2026
FIGURE 18 ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021 VS. 2026 (USD MILLION)
FIGURE 19 ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2021 VS. 2026 (USD MILLION)
FIGURE 20 ASTAXANTHIN MARKET SHARE (VALUE), BY REGION, 2020

4 PREMIUM INSIGHTS (Page No. - 57)
4.1 ATTRACTIVE OPPORTUNITIES IN THE ASTAXANTHIN MARKET
FIGURE 21 GROWING HEALTH AWARENESS REGARDING ANTIOXIDANT PROPERTIES AMONG CONSUMERS TO DRIVE THE DEMAND FOR ASTAXANTHIN
4.2 ASTAXANTHIN MARKET, BY KEY COUNTRY
FIGURE 22 US TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
4.3 ASIA PACIFIC: ASTAXANTHIN MARKET, BY SOURCE & KEY COUNTRY
FIGURE 23 SYNTHETIC SEGMENT AND CHINA TO ACCOUNT FOR THE LARGEST SHARES OF THE ASIA PACIFIC MARKET IN 2020
4.4 ASTAXANTHIN MARKET, BY APPLICATION & REGION
FIGURE 24 FEED APPLICATIONTO DOMINATE THE MARKET ACROSS ASIA PACIFIC IN 2020
4.5 ASTAXANTHIN MARKET, BY FORM & REGION
FIGURE 25 LIQUID FORM TO BE THE FASTER-GROWING SEGMENT DURING THE FORECAST PERIOD
4.6 COVID-19 IMPACT ON THE ASTAXANTHIN MARKET
FIGURE 26 CHART OF PRE & POST-COVID SCENARIOS IN THE ASTAXANTHIN MARKET

5 MARKET OVERVIEW (Page No. - 61)
5.1 INTRODUCTION
5.2 MACROECONOMIC INDICATORS
5.2.1 DEVELOPMENT IN THE RETAIL INDUSTRY
FIGURE 27 RETAIL MARKET SIZE IN INDIA, 2021 (USD BILLION)
FIGURE 28 AUSTRALIA: RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS, 2018-2022 (USD MILLION)
FIGURE 29 ONLINE RETAIL MARKET SIZE IN INDIA, 2021 (USD BILLION)
5.2.2 RISE IN THE NUMBER OF DUAL-INCOME HOUSEHOLDS
FIGURE 30 US: EMPLOYMENT STATUS OF PARENTS WITH CHILDREN UNDER 18 YEARS, 2020
5.3 MARKET DYNAMICS
FIGURE 31 ASTAXANTHIN: MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Rising consumer inclination toward preventive healthcare & nutraceuticals
FIGURE 32 WORLD HEALTH PER CAPITA EXPENDITURE, 2006-2018 (USD THOUSAND)
FIGURE 33 HEALTH EXPENDITURE: US VS. OTHER COUNTRIES, 2006-2018, (AS PERCENTAGE OF GDP)
5.3.1.2 Rapid industrialization of the feed industry
FIGURE 34 FEED CONSUMPTION SHARE (VOLUME), BY LIVESTOCK TYPE, 2018
5.3.1.3 Increasing demand for cosmetic products
FIGURE 35 ANNUAL GROWTH OF THE GLOBAL COSMETIC MARKET (PERCENTAGE), 2010-2019
5.3.2 RESTRAINTS
5.3.2.1 High cost of production of natural astaxanthin
5.3.2.2 Lack of R&D activities in the underdeveloped countries
5.3.3 OPPORTUNITIES
5.3.3.1 Government initiatives to support aquaculture
FIGURE 36 WORLD FISHERIES AND AQUACULTURE PRODUCTION (MILLION TONNES), 2010-2018
5.3.3.2 Growing demand for natural antioxidants
5.3.3.3 Growing demand for astaxanthin in the pharmaceutical industry
5.3.4 CHALLENGES
5.3.4.1 Risks associated with adulteration and clean label requirements
5.3.4.2 Stringent government regulations in developed countries
5.4 IMPACT OF COVID-19 ON THE MARKET DYNAMICS
5.4.1 COVID-19 BOOSTS THE DEMAND FOR HIGH-QUALITY AND PREMIUM FOOD & BEVERAGES PRODUCTS
5.4.2 COVID-19 IMPACT ON RAW MATERIAL AVAILABILITY AND SUPPLY CHAIN DISRUPTION
5.4.3 COVID-19 TO SHIFT THE DEMAND TOWARD PLANT-SOURCED INGREDIENTS

6 INDUSTRY TRENDS (Page No. - 75)
6.1 INTRODUCTION
6.2 SUPPLY CHAIN ANALYSIS
FIGURE 37 ASTAXANTHIN MARKET: SUPPLY CHAIN ANALYSIS
6.3 ECOSYSTEM
FIGURE 38 ASTAXANTHIN: MARKET MAP
TABLE 3 ASTAXANTHIN MARKET: ECOSYSTEM
6.3.1 UPSTREAM
6.3.2 INGREDIENT MANUFACTURERS
6.3.3 TECHNOLOGY PROVIDERS
6.3.4 END USERS
6.3.4.1 Downstream
6.3.5 REGULATORY BODIES
6.3.6 STARTUPS/EMERGING COMPANIES
6.4 VALUE CHAIN ANALYSIS
FIGURE 39 ASTAXANTHIN MARKET: VALUE CHAIN ANALYSIS
6.5 TECHNOLOGY ANALYSIS
6.5.1 ASTAXANTHIN AND MICROENCAPSULATION
6.5.2 ASTAXANTHIN AND ROBOTS
6.6 PRICING ANALYSIS: ASTAXANTHIN MARKET, BY SOURCE
FIGURE 40 PRICING TREND OF THE ASTAXANTHIN, 2016-2020 (USD/TON)
6.7 TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS
FIGURE 41 YC-YCC: REVENUE SHIFT FOR THE ASTAXANTHIN MARKET
6.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 ASTAXANTHIN MARKET: PORTER’S FIVE FORCES ANALYSIS
6.8.1 INTENSITY OF COMPETITIVE RIVALRY
6.8.2 BARGAINING POWER OF SUPPLIERS
6.8.3 BARGAINING POWER OF BUYERS
6.8.4 THREAT OF NEW ENTRANTS
6.8.5 THREAT OF SUBSTITUTES
6.9 PATENT ANALYSIS
FIGURE 42 PATENT INSIGHTS (2020)
FIGURE 43 LIST OF TOP PATENTS IN THE MARKET FOR THE LAST TEN YEARS
TABLE 5 KEY PATENTS PERTAINING TO ASTAXANTHIN, 2020
6.1 TRADE ANALYSIS
TABLE 6 KEY EXPORTING COUNTRIES WITH EXPORT VALUE OF DIETARY SUPPLEMENTS, 2019 (USD MILLION)
FIGURE 44 IMPORT TARIFF OF KEY COUNTRIES ON DIETARY SUPPLEMENTS, 2019 (%)
6.11 CASE STUDY ANALYSIS
6.11.1 USE CASE 1: TATSEWISE’S AI AND MACHINE LEARNING SOLUTION HELPED MEET THE INCREASING DEMAND
6.11.2 USE CASE 2: MINDRIGHT’S BARS HELPED COMBAT MENTAL HEALTH ISSUES
6.12 REGULATIONS
6.12.1 NORTH AMERICA
6.12.1.1 Canada
6.12.1.2 US

7 ASTAXANTHIN MARKET, BY SOURCE (Page No. - 94)
7.1 INTRODUCTION
FIGURE 45 ASTAXANTHIN MARKET SHARE (VALUE), BY SOURCE, 2021 VS. 2026
TABLE 7 ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION)
TABLE 8 ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026(USD MILLION)
TABLE 9 ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (TON)
TABLE 10 ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026(TON)
7.2 NATURAL SOURCE
7.2.1 INCREASED PREFERENCE FOR NATURAL PRODUCTS
TABLE 11 NATURAL: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 12 NATURAL: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
TABLE 13 NATURAL: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (TON)
TABLE 14 NATURAL: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(TON)
TABLE 15 NATURAL: ASTAXANTHIN MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION)
TABLE 16 NATURAL: ASTAXANTHIN MARKET SIZE, BY TYPE, 2021-2026(USD MILLION)
7.2.2 PLANTS
7.2.2.1 Microalgae is a non-conventional source of protein due to its high protein content
7.2.3 YEAST & MICROBES
7.2.3.1 Use of yeast-produced astaxanthin in poultry, fishery, cosmetic, pharmaceutical, and food
7.2.4 MARINE ANIMALS
7.2.4.1 Shrimp, krill, salmon, and crustaceans are the major sources of astaxanthin
7.3 SYNTHETIC (PETROLEUM)
7.3.1 LOWER MANUFACTURING COST OF SYNTHETIC ASTAXANTHIN TO DRIVE THE MARKET GROWTH
TABLE 17 SYNTHETIC: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 18 SYNTHETIC: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
TABLE 19 SYNTHETIC: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (TON)
TABLE 20 SYNTHETIC: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(TON)

8 ASTAXANTHIN MARKET, BY FORM (Page No. - 103)
8.1 INTRODUCTION
FIGURE 46 ASTAXANTHIN MARKET SHARE (VALUE), BY FORM, 2021 VS. 2026
TABLE 21 ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (USD MILLION)
TABLE 22 ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026(USD MILLION)
TABLE 23 ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (TON)
TABLE 24 ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026(TON)
8.2 DRY FORM
8.2.1 DRY FORMS ARE MAJORLY USED IN FEED FOOD & BEVERAGES AND COSMETICS
TABLE 25 DRY: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 26 DRY: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
TABLE 27 DRY: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (TON)
TABLE 28 DRY: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(TON)
8.3 LIQUID FORM
8.3.1 APPLICATION OF LIQUID ASTAXANTHIN IN SYRUPS AND TEXTURING AGENTS
TABLE 29 LIQUID: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 30 LIQUID: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
TABLE 31 LIQUID: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (TON)
TABLE 32 LIQUID: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(TON)

9 ASTAXANTHIN MARKET, BY METHOD OF PRODUCTION (Page No. - 109)
9.1 INTRODUCTION
TABLE 33 ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2016-2020 (USD MILLION)
TABLE 34 ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2021-2026(USD MILLION)
FIGURE 47 ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2021 VS. 2026 (USD MILLION)
9.2 CHEMICAL SYNTHESIS
9.2.1 CHEMICAL SYNTHESIS OF ASTAXANTHIN MORE ECONOMICAL THAN NATURAL PRODUCTION
TABLE 35 CHEMICAL SYNTHESIS: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 36 CHEMICAL SYNTHESIS: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
9.3 MICROALGAE CULTIVATION
9.3.1 NATURAL ASTAXANTHIN FROM MICROALGAE IS IN HIGH DEMAND FOR DIETARY SUPPLEMENTS AND FOOD & BEVERAGES
TABLE 37 MICROALGAE CULTIVATION: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 38 MICROALGAE CULTIVATION: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
9.4 FERMENTATION
9.4.1 ASTAXANTHIN PRODUCED THROUGH FERMENTATION IS WIDELY USED IN AQUACULTURE
TABLE 39 FERMENTATION: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 40 FERMENTATION: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
9.5 EXTRACTION
9.5.1 EXTRACTION OF ASTAXANTHIN FROM SHRIMP WASTE IS HIGHLY ENERGY CONSUMING AND PRODUCE TOXIC BYPRODUCTS
TABLE 41 EXTRACTION: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 42 EXTRACTION: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)

10 ASTAXANTHIN MARKET, BY APPLICATION (Page No. - 116)
10.1 INTRODUCTION
FIGURE 48 ASTAXANTHIN MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
TABLE 43 ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 44 ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026(USD MILLION)
10.2 COVID-19 IMPACT ON THE ASTAXANTHIN MARKET, BY APPLICATION
10.2.1 OPTIMISTIC SCENARIO
TABLE 45 ASTAXANTHIN MARKET SIZE, BY-APPLICATION, 2018-2021 (USD MILLION)
10.2.2 REALISTIC SCENARIO
TABLE 46 ASTAXANTHIN MARKET-SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
10.2.3 PESSIMISTIC SCENARIO
TABLE 47 ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
10.3 FEED
10.3.1 ASTAXANTHIN MARKET FOR ANIMAL FEED FOCUSING MAINLY ON THE SYNTHETIC FORM
TABLE 48 FEED: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 49 FEED: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
10.4 DIETARY SUPPLEMENTS
10.4.1 RISING AWARENESS AMONG CONSUMERS FOR NATURAL HEALTH SUPPLEMENTS FUELING THE MARKET GROWTH
TABLE 50 DIETARY SUPPLEMENTS: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 51 DIETARY SUPPLEMENTS: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
10.5 FOOD & BEVERAGES
10.5.1 ASTAXANTHIN AIDS IN REDUCING THE RISK OF HEART ATTACK BY INCREASING THE GOOD HDL CHOLESTEROL
TABLE 52 FOOD & BEVERAGES: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 53 FOOD & BEVERAGES: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)
10.6 COSMETICS
10.6.1 ASTAXANTHIN - A POTENT SOURCE OF ANTIOXIDANTS AND VITAMIN A
TABLE 54 COSMETICS: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 55 COSMETICS: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026(USD MILLION)

11 ASTAXANTHIN MARKET, BY REGION (Page No. - 126)
11.1 INTRODUCTION
TABLE 56 ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 57 ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026 (USD MILLION)
11.2 COVID-19 IMPACT ON THE ASTAXANTHIN MARKET, BY REGION
11.2.1 OPTIMISTIC SCENARIO
TABLE 58 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE ASTAXANTHIN MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
11.2.2 REALISTIC SCENARIO
TABLE 59 REALISTIC SCENARIO: COVID-19 IMPACT ON THE ASTAXANTHIN MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
11.2.3 PESSIMISTIC SCENARIO
TABLE 60 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE ASTAXANTHIN MARKET, BY REGION, 2018-2021 (USD MILLION)
11.3 NORTH AMERICA
FIGURE 49 NORTH AMERICAN ASTAXANTHIN MARKET: A SNAPSHOT
TABLE 61 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2016-2020 (USD MILLION)
TABLE 62 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2021-2026 (USD MILLION)
TABLE 63 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION)
TABLE 64 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION)
TABLE 65 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (TONS)
TABLE 66 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (TONS)
TABLE 67 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (USD MILLION)
TABLE 68 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (USD MILLION)
TABLE 69 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (TON)
TABLE 70 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (TON)
TABLE 71 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 72 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
TABLE 73 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2016-2020 (USD MILLION)
TABLE 74 NORTH AMERICA: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2021-2026 (USD MILLION)
11.3.1 US
11.3.1.1 Astaxanthin is majorly used for pigmenting salmon, owing to which demand for astaxanthin is high in the US
TABLE 75 US: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 76 US: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.3.2 CANADA
11.3.2.1 The Canadian market has increased the natural color market for food applications in the country
TABLE 77 CANADA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 78 CANADA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.3.3 MEXICO
11.3.3.1 Strong presence of the food & beverage industry has driven the nutraceutical market growth
TABLE 79 MEXICO: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 80 MEXICO: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.4 ASIA PACIFIC
FIGURE 50 ASIA PACIFIC: ASTAXANTHIN MARKET SNAPSHOT
TABLE 81 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY COUNTRY/REGION, 2016-2020 (USD MILLION)
TABLE 82 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY COUNTRY/REGION, 2021-2026 (USD MILLION)
TABLE 83 AISA PACIFIC: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION)
TABLE 84 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION)
TABLE 85 AISA PACIFIC: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (TON)
TABLE 86 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (TON)
TABLE 87 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (USD MILLION)
TABLE 88 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (USD MILLION)
TABLE 89 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (TON)
TABLE 90 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (TON)
TABLE 91 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 92 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
TABLE 93 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2016-2020 (USD MILLION)
TABLE 94 ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2021-2026 (USD MILLION)
11.4.1 CHINA
11.4.1.1 Increasing purchasing power of consumers led to a rise in demand for high-quality processed foods
TABLE 95 CHINA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 96 CHINA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.4.2 INDIA
11.4.2.1 Increasing consumption of poultry meat is leading to a rise in the demand for astaxanthin
TABLE 97 INDIA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 98 INDIA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.4.3 AUSTRALIA & NEW ZEALAND
11.4.3.1 As the aquaculture industry is growing, synthetic astaxanthin demand as a feed additive is also increasing
TABLE 99 AUSTRALIA & NEW ZEALAND: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 100 AUSTRALIA & NEW ZEALAND: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.4.4 REST OF ASIA PACIFIC
11.4.4.1 The emerging market for astaxanthin in the Asia Pacific is due to an increase in consumption of functional foods
TABLE 101 REST OF ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 102 REST OF ASIA PACIFIC: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.5 EUROPE
TABLE 103 EUROPE: ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2016-2020 (USD MILLION)
TABLE 104 EUROPE: ASTAXANTHIN MARKET SIZE, BY COUNTRY, 2021-2026 (USD MILLION)
TABLE 105 EUROPE: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION)
TABLE 106 EUROPE: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION)
TABLE 107 EUROPE: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (TON)
TABLE 108 EUROPE: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (TON)
TABLE 109 EUROPE: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (USD MILLION)
TABLE 110 EUROPE: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (USD MILLION)
TABLE 111 EUROPE: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (TON)
TABLE 112 EUROPE: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (TON)
TABLE 113 EUROPE: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 114 EUROPE: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
TABLE 115 EUROPE: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2016-2020 (USD MILLION)
TABLE 116 EUROPE: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2021-2026 (USD MILLION)
11.5.1 GERMANY
11.5.1.1 Dairy and pork feed consumption driving the demand for astaxanthin
TABLE 117 GERMANY: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 118 GERMANY: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.5.2 UK
11.5.2.1 Increased focus on the food & beverage industry boosts the market growth
TABLE 119 UK: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 120 UK: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.5.3 FRANCE
11.5.3.1 France exports high-quality shellfish to US and shrimp to Japan
TABLE 121 FRANCE: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 122 FRANCE: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.5.4 ITALY
11.5.4.1 High industrial applications in the feed and cosmetic industries
TABLE 123 ITALY: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 124 ITALY: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.5.5 SPAIN
11.5.5.1 Astaxanthin is majorly used as a natural colorant in Spain
TABLE 125 SPAIN: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 126 SPAIN: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.5.6 REST OF EUROPE
TABLE 127 REST OF EUROPE: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 128 REST OF EUROPE: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.6 REST OF THE WORLD (ROW)
TABLE 129 ROW: ASTAXANTHIN MARKET SIZE, BY REGION, 2016-2020 (USD MILLION)
TABLE 130 ROW: ASTAXANTHIN MARKET SIZE, BY REGION, 2021-2026 (USD MILLION)
TABLE 131 ROW: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION)
TABLE 132 ROW: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION)
TABLE 133 ROW: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2016-2020 (TON)
TABLE 134 ROW: ASTAXANTHIN MARKET SIZE, BY SOURCE, 2021-2026 (TON)
TABLE 135 ROW: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (USD MILLION)
TABLE 136 ROW: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (USD MILLION)
TABLE 137 ROW: ASTAXANTHIN MARKET SIZE, BY FORM, 2016-2020 (TON)
TABLE 138 ROW: ASTAXANTHIN MARKET SIZE, BY FORM, 2021-2026 (TON)
TABLE 139 ROW: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 140 ROW: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
TABLE 141 ROW: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2016-2020 (USD MILLION)
TABLE 142 ROW: ASTAXANTHIN MARKET SIZE, BY METHOD OF PRODUCTION, 2021-2026 (USD MILLION)
11.6.1 SOUTH AMERICA
11.6.1.1 Increasing industrialization of the aquafeed industry
TABLE 143 SOUTH AMERICA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 144 SOUTH AMERICA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.6.2 MIDDLE EAST
11.6.2.1 Growth in the natural astaxanthin production due to the presence of key players in the region
TABLE 145 MIDDLE EAST: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 146 MIDDLE EAST: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)
11.6.3 AFRICA
11.6.3.1 Large livestock population is driving the market for astaxanthin
TABLE 147 AFRICA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION)
TABLE 148 AFRICA: ASTAXANTHIN MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 165)
12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS
TABLE 149 ASTAXANTHIN MARKET: DEGREE OF COMPETITION
12.3 KEY PLAYER STRATEGIES
12.4 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 51 FIVE-YEAR SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET, 2016-2020 (USD BILLION)
12.5 COVID-19-SPECIFIC COMPANY RESPONSE
12.5.1 BASF SE
12.5.2 CYANOTECH CORPORATION
12.5.3 DIVI’S LABORATORIES LTD.
12.5.4 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
12.5.4.1 Stars
12.5.4.2 Emerging leaders
12.5.4.3 Pervasive players
12.5.4.4 Participants
FIGURE 52 ASTAXANTHIN MARKET: COMPANY EVALUATION QUADRANT, 2020 (KEY PLAYERS)
12.5.5 PRODUCT FOOTPRINT
TABLE 150 COMPANY SOURCE FOOTPRINT
TABLE 151 COMPANY APPLICATION FOOTPRINT
TABLE 152 COMPANY REGION FOOTPRINT
TABLE 153 COMPANY PRODUCT FOOTPRINT
12.5.6 COMPETITIVE EVALUATION QUADRANT (OTHER PLAYERS)
12.5.6.1 Progressive companies
12.5.6.2 Starting blocks
12.5.6.3 Responsive companies
12.5.6.4 Dynamic companies
FIGURE 53 ASTAXANTHIN MARKET: COMPANY EVALUATION QUADRANT, 2020 (OTHER PLAYERS)
12.6 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
12.6.1 PRODUCT LAUNCHES
TABLE 154 PRODUCT LAUNCHES, AUGUST 2018-OCTOBER 2020
12.6.2 DEALS
TABLE 155 DEALS, SEPTEMBER 2017-DECEMBER 2020
12.6.3 OTHERS
TABLE 156 EXPANSIONS, APRIL 2017-NOVEMBER 2018

13 COMPANY PROFILES (Page No. - 180)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 KEY PLAYERS
13.1.1 KONINKLIJKE DSM N.V.
TABLE 157 KONINKLIJKE DSM N.V.: BUSINESS OVERVIEW
FIGURE 54 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT
TABLE 158 KONINKLIJKE DSM N.V.: PRODUCTS OFFERED
TABLE 159 ASTAXANTHIN MARKET: DEALS, SEPTEMBER 2017-OCTOBER 2020
TABLE 160 ASTAXANTHIN MARKET: OTHERS, APRIL 2017
13.1.2 BASF SE
TABLE 161 BASF SE: BUSINESS OVERVIEW
FIGURE 55 BASF SE: COMPANY SNAPSHOT
TABLE 162 BASF SE: PRODUCTS OFFERED
TABLE 163 ASTAXANTHIN MARKET: PRODUCT LAUNCHES, AUGUST 2018
TABLE 164 ASTAXANTHIN MARKET: DEALS, DECEMBER 2020
13.1.3 CYANOTECH CORPORATION
TABLE 165 CYANOTECH CORPORATION: BUSINESS OVERVIEW
FIGURE 56 CYANOTECH CORPORATION: COMPANY SNAPSHOT
TABLE 166 CYANOTECH CORPORATION: PRODUCTS OFFERED
TABLE 167 ASTAXANTHIN MARKET: PRODUCT LAUNCHES, OCTOBER 2020
TABLE 168 ASTAXANTHIN MARKET: OTHERS, NOVEMBER 2018
13.1.4 OTSUKA HOLDINGS CO., LTD.
TABLE 169 OTSUKA HOLDINGS CO., LTD.: BUSINESS OVERVIEW
FIGURE 57 OTSUKA HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 170 OTSUKA HOLDINGS CO., LTD.: PRODUCTS OFFERED
13.1.5 DIVI’S LABORATORIES LTD.
TABLE 171 DIVI’S LABORATORIES LTD.: BUSINESS OVERVIEW
FIGURE 58 DIVI’S LABORATORIES LTD.: COMPANY SNAPSHOT
TABLE 172 DIVI’S LABORATORIES LTD.: PRODUCTS OFFERED
13.1.6 VALENSA INTERNATIONAL
13.1.6.1 Business overview
TABLE 173 VALENSA INTERNATIONAL: BUSINESS OVERVIEW
TABLE 174 VALENSA INTERNATIONAL: PRODUCTS OFFERED
13.1.7 FUJI CHEMICAL INDUSTRIES CO., LTD.
TABLE 175 FUJI CHEMICAL INDUSTRIES CO., LTD.: BUSINESS OVERVIEW
TABLE 176 FUJI CHEMICAL INDUSTRIES CO., LTD.: PRODUCTS OFFERED
13.1.8 BEIJING GINGKO GROUP
TABLE 177 BEIJING GINGKO GROUP: BUSINESS OVERVIEW
TABLE 178 BEIJING GINGKO GROUP: PRODUCTS OFFERED
13.1.9 CARDAX, INC.
TABLE 179 CARDAX, INC.: BUSINESS OVERVIEW
FIGURE 59 CARDAX, INC.: COMPANY SNAPSHOT
TABLE 180 CARDAX, INC.: PRODUCTS OFFERED
TABLE 181 ASTAXANTHIN MARKET: DEALS, FEBRUARY 2018
13.1.10 PIVEG, INC.
TABLE 182 PIVEG, INC.: BUSINESS OVERVIEW
TABLE 183 PIVEG, INC.: PRODUCTS OFFERED
13.2 OTHER PLAYERS
13.2.1 FENCHEM BIOTEK LTD.
TABLE 184 FENCHEM BIOTEK LTD.: BUSINESS OVERVIEW
TABLE 185 FENCHEM BIOTEK LTD.: PRODUCTS OFFERED
13.2.2 ALGATECH LTD.
TABLE 186 ALGATECH LTD.: BUSINESS OVERVIEW
TABLE 187 ALGATECH LTD.: PRODUCTS OFFERED
TABLE 188 ASTAXANTHIN MARKET: PRODUCT LAUNCHES, MAY 2019
TABLE 189 ASTAXANTHIN MARKET: DEALS, MAY 2018-MARCH 2019
13.2.3 SUPREME BIOTECHNOLOGIES
TABLE 190 SUPREME BIOTECHNOLOGIES: BUSINESS OVERVIEW
TABLE 191 SUPREME BIOTECHNOLOGIES: PRODUCTS OFFERED
13.2.4 IGENE BIOTECHNOLOGY INC.
TABLE 192 IGENE BIOTECHNOLOGY INC.: BUSINESS OVERVIEW
TABLE 193 IGENE BIOTECHNOLOGY INC.: PRODUCTS OFFERED
13.2.5 ALGAMO
TABLE 194 ALGAMO: BUSINESS OVERVIEW
TABLE 195 ALGAMO: PRODUCTS OFFERED
13.2.6 BIOGENIC CO., LTD.
13.2.7 ASTAMAZ NZ LTD.
13.2.8 ALGALIF
13.2.9 ALGAE TO OMEGA
13.2.10 ALGAE HEALTH SCIENCES, INC.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 ADJACENT & RELATED MARKETS (Page No. - 215)
14.1 INTRODUCTION
14.2 LIMITATIONS
14.3 CAROTENOIDS MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
14.3.3 CAROTENOIDS MARKET, BY APPLICATION
TABLE 196 CAROTENOIDS MARKET SIZE, BY APPLICATION, 2017-2026 (USD MILLION)
TABLE 197 CAROTENOIDS MARKET SIZE, BY APPLICATION, 2017-2026 (TON)
14.3.4 CAROTENOIDS MARKET, BY REGION
TABLE 198 CAROTENOIDS MARKET SIZE, BY REGION, 2017-2026 (USD MILLION)
TABLE 199 CAROTENOIDS MARKET SIZE, BY REGION, 2017-2026 (TON)
14.4 FEED PIGMENTS MARKET
14.4.1 LIMITATIONS
14.4.2 MARKET DEFINITION
14.4.3 MARKET OVERVIEW
14.4.4 FEED PIGMENTS MARKET, BY TYPE
TABLE 200 FEED PIGMENTS MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 201 FEED PIGMENTS MARKET SIZE, BY CAROTENOID TYPE, 2013-2020 (USD MILLION)
14.4.5 FEED PIGMENTS MARKET, BY REGION
14.4.5.1 Introduction
TABLE 202 FEED PIGMENTS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 203 FEED PIGMENTS MARKET SIZE, BY REGION, 2013-2020 (KT)

15 APPENDIX (Page No. - 222)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS