Global Astaxanthin Market Size & Outlook, 2023-2030
Global astaxanthin market, 2018-2030 (US$M)
Related Markets
Global astaxanthin market highlights
- The global astaxanthin market generated a revenue of USD 2,339.3 million in 2023 and is expected to reach USD 7,277.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 17.6% by 2030.
- In terms of segment, natural accounted for a revenue of USD 1,319.3 million in 2023.
- Natural is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,339.3 million |
| Market revenue in 2030 | USD 7,277.4 million |
| Growth rate | 17.6% (CAGR from 2023 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
Other key industry trends
- In terms of revenue, the North America accounted for 36.5% of the global astaxanthin market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 32.9 million by 2030.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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.
Natural was the largest segment with a revenue share of 56.4% in 2023. Horizon Databook has segmented the Global astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Astaxanthin Source Outlook (Revenue, USD Million, 2018-2030)
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Global Astaxanthin Product Outlook (Revenue, USD Million, 2018-2030)
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Global Astaxanthin Application Outlook (Revenue, USD Million, 2018-2030)
- Nutraceuticals
- Cosmetics
- Aquaculture and Animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
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Our clientele includes a mix of astaxanthin market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global astaxanthin market , including forecasts for subscribers. This global databook contains high-level insights into Global astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global astaxanthin market size, by regions, 2018-2030 (US$M)
Top 10 countries: Astaxanthin market size, 2023 (US$M)
Global astaxanthin market share, by source, 2023 & 2030 (%, US$M)
Astaxanthin market: Opportunity assessment by country
Global astaxanthin market, by region, 2023 (US$M)
| Source | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 340.4 | 410.8 | 491.8 | 593.8 | 714.8 | 854.6 | 1,024.9 | 1,211.8 | 1,420.5 | 1,656.8 | 1,922.8 | 2,209.0 | 2,528.8 | 16.8% |
| Europe | 299.9 | 361.1 | 433.0 | 520.6 | 623.4 | 750.8 | 907.2 | 1,080.6 | 1,276.1 | 1,499.7 | 1,753.8 | 2,030.3 | 2,342.1 | 17.7% |
| Asia Pacific | 228.6 | 279.3 | 339.0 | 408.3 | 488.8 | 594.5 | 725.4 | 872.4 | 1,040.3 | 1,234.1 | 1,456.8 | 1,702.3 | 1,981.9 | 18.8% |
| Latin America | 29.7 | 35.9 | 43.2 | 51.6 | 61.4 | 74.1 | 89.8 | 107.3 | 127.2 | 149.9 | 175.8 | 204.2 | 236.2 | 18.0% |
| MEA | 26.7 | 32.2 | 38.6 | 46.1 | 54.8 | 65.3 | 78.0 | 91.9 | 107.4 | 124.8 | 144.3 | 165.2 | 188.4 | 16.4% |
| Overall | 925.2 | 1,119.3 | 1,345.6 | 1,620.4 | 1,943.1 | 2,339.3 | 2,825.3 | 3,364.0 | 3,971.4 | 4,665.3 | 5,453.5 | 6,311.0 | 7,277.4 | 17.6% |
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