Global Astaxanthin Market Size & Outlook, 2023-2030
Global astaxanthin market, 2018-2030 (US$M)
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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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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)
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