Denmark Astaxanthin Market Size & Outlook, 2023-2030
Denmark astaxanthin market, 2018-2030 (US$M)
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Denmark astaxanthin market highlights
- The Denmark astaxanthin market generated a revenue of USD 6.5 million in 2023 and is expected to reach USD 21.1 million by 2030.
- The Denmark market is expected to grow at a CAGR of 18.4% from 2024 to 2030.
- In terms of segment, natural was the largest revenue generating source in 2023.
- Natural is the most lucrative source segment registering the fastest growth during the forecast period.
Astaxanthin market data book summary
| Market revenue in 2023 | USD 6.5 million |
| Market revenue in 2030 | USD 21.1 million |
| Growth rate | 18.4% (CAGR from 2023 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
| 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, Denmark accounted for 0.3% of the global astaxanthin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany astaxanthin market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 280.0 million by 2030.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Denmark 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 55.38% in 2023. Horizon Databook has segmented the Denmark astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The Denmark astaxanthin market is driven by factors such as the rising geriatric population, growing demand for health supplements, and growing burden of target diseases. Thus, the growing aquaculture sector in the country is anticipated to support the market as astaxanthin is used as the coloring agent for shrimp and salmon.
The Denmark astaxanthin market is dominated by companies such as DSM, BASF, and Cyanotech Corporation, which collectively account for a significant share of the market revenue. Other notable players in the market include Algatechnologies Ltd., AstaReal AB, Cardax, Inc., Fenchem Biotek Ltd., and Piveg, Inc.
These companies are actively engaged in various development strategies such as partnerships, mergers & acquisitions, collaborations, and new product launches to expand their market presence and increase their share of the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Denmark astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Denmark astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark astaxanthin market size, by source, 2018-2030 (US$M)
Denmark Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
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