Europe Astaxanthin Market Size & Outlook, 2023-2030
Europe astaxanthin market, 2018-2030 (US$M)
Related Markets
Europe astaxanthin market highlights
- The Europe astaxanthin market generated a revenue of USD 750.8 million in 2023.
- The market is expected to grow at a CAGR of 17.6% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 750.8 million |
| Market revenue in 2030 | USD 2,342.1 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 |
| 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, Europe region accounted for 32.1% of the global astaxanthin market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,981.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 56.91% in 2023. Horizon Databook has segmented the Europe astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for seafood is increasing, which, in turn, is expected to increase the adoption of astaxanthin in aquaculture. The EU conducts multiannual promotional plans to raise awareness about the use of astaxanthin in aquaculture.
An education program in Europe, called the Vitafood Education Program, provides opportunities for industry players to learn and network with leading functional food, supplement, & nutraceutical industry experts.
Such initiatives are expected to drive the market. The consumer base of astaxanthin products, which includes food ingredients by Blue Biotech (Germany) and dietary supplements by BioReal (Sweden), is estimated to increase in this region over the forecast period.
Reasons to subscribe to Europe astaxanthin market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe astaxanthin market databook
-
Our clientele includes a mix of astaxanthin market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe astaxanthin market , including forecasts for subscribers. This continent databook contains high-level insights into Europe astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe astaxanthin market size, by country, 2018-2030 (US$M)
Europe Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
