Sweden Astaxanthin Market Size & Outlook, 2026-2033
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Sweden astaxanthin market highlights
- The Sweden astaxanthin market generated a revenue of USD 26.0 million in 2025 and is expected to reach USD 61.3 million by 2033.
- The Sweden market is expected to grow at a CAGR of 10.6% from 2026 to 2033.
- In terms of segment, synthetic was the largest revenue generating source in 2025.
- Natural is the most lucrative source segment registering the fastest growth during the forecast period.
Astaxanthin market data book summary
| Market revenue in 2025 | USD 26.0 million |
| Market revenue in 2033 | USD 61.3 million |
| Growth rate | 10.6% (CAGR from 2026 to 2033) |
| Largest segment | Synthetic |
| Fastest growing segment | Natural |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Natural |
| Key market players worldwide | Alvotech, Cyanotech Corp, Beijing Jingneng Clean Energy Co Ltd Class H, ENEOS Holdings Inc, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, Sweden accounted for 1.3% of the global astaxanthin market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Europe, Germany astaxanthin market is projected to lead the regional market in terms of revenue in 2033.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 119.5 million by 2033.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ENEOS Holdings Inc | View profile | 57625 | 1-2 Otemachi 1-chome, Chiyoda-ku, Tokyo, Japan | https://www.hd.eneos.co.jp |
| Beijing Jingneng Clean Energy Co Ltd Class H | View profile | 3301 | No. 6 Xibahe Road, 7/8/9 Floor, Chaoyang District, Beijing, China, People's Republic of, 100028 | https://www.jncec.com |
| Cyanotech Corp | View profile | 86 | 73-4460 Queen Kaahumanu Highway, Suite 102, Kailua-Kona, HI, United States, 96740 | https://www.cyanotech.com |
| Alvotech | View profile | 999 | 9, rue de Bitbourg, Luxembourg, Luxembourg, L-1273 | https://www.alvotech.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
Sweden astaxanthin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to astaxanthin market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 62.31% in 2025. Horizon Databook has segmented the Sweden astaxanthin market based on synthetic, natural covering the revenue growth of each sub-segment from 2021 to 2033.
Key market players in Sweden astaxanthin market are DSM, BASF, and Alga technologies Ltd., which collectively account for a significant share of the market revenue. Other notable players in the market include Asta Real AB, These companies actively undertake various initiatives to expand their market presence and increase their share of the market.
For instance, in August 2021, DSM and Foss Analytical announced a partnership to develop a rapid, accurate, and reliable test to measure astaxanthin levels in salmon feed. Similarly, in March 2021, AstaReal AB launched AstaReal Astaxanthin, to meet the growing demand for natural and sustainable ingredients.
In addition, in August 2021 Nack, a Swedish-Indian startup launched a health & wellness digital platform with a lineup of two herbal products, Immunity Boost, which is formulated with Natural Astaxanthin, and a 100% herbal Plant Protein Powder.
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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Sweden astaxanthin market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Sweden astaxanthin market size, by source, 2021-2033 (US$M)
Sweden Astaxanthin Market Outlook Share, 2025 & 2033 (US$M)
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