Canada Astaxanthin Market Size & Outlook, 2026-2033
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Canada astaxanthin market highlights
- The Canada astaxanthin market generated a revenue of USD 59.4 million in 2025 and is expected to reach USD 132.7 million by 2033.
- The Canada market is expected to grow at a CAGR of 9.9% from 2026 to 2033.
- In terms of segment, natural 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 59.4 million |
| Market revenue in 2033 | USD 132.7 million |
| Growth rate | 9.9% (CAGR from 2026 to 2033) |
| Largest segment | Natural |
| 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, Canada accounted for 3.0% 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 North America, U.S. astaxanthin market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 43.1 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 |
Canada 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 72.9% in 2025. Horizon Databook has segmented the Canada astaxanthin market based on synthetic, natural covering the revenue growth of each sub-segment from 2021 to 2033.
Canada is expected to witness significant growth in the astaxanthin market owing to robust demand for health supplements among consumers and the growing aquaculture sector in the country. In Canada, the most prominent aquaculture segments include mussels, oysters, Atlantic salmon, clams, and trout.
Canada is one of the largest producers and exporters of salmon in the world. It exports a significant quantity of sockeye and pink salmon to the UK and Australia. These factors are expected to increase the local demand for feed products with astaxanthin.
Local companies are also expanding their product portfolios to meet the recent growth in market demand. For instance, in October 2022, Willow Biosciences, Inc., a leading biotechnology company, announced the development of astaxanthin that is used in various industries, such as food & nutrition, cosmetics, and animal feed.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Canada astaxanthin market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Canada astaxanthin market size, by source, 2021-2033 (US$M)
Canada Astaxanthin Market Outlook Share, 2025 & 2033 (US$M)
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