Israel Astaxanthin Market Size & Outlook, 2023-2030
Israel astaxanthin market, 2018-2030 (US$M)
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Israel astaxanthin market highlights
- The Israel astaxanthin market generated a revenue of USD 6.0 million in 2023 and is expected to reach USD 17.4 million by 2030.
- The Israel market is expected to grow at a CAGR of 16.5% 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 6.0 million |
| Market revenue in 2030 | USD 17.4 million |
| Growth rate | 16.5% (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, Israel 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 Middle East & Africa, South Africa astaxanthin market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 33.8 million by 2030.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Israel 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% in 2023. Horizon Databook has segmented the Israel astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Israel has a highly active market when it comes to astaxanthin production for use in nutraceuticals, supplements, beverages, and cosmeceuticals. For instance, in November 2018, NextFerm, an Israeli startup, introduced its astaxanthin product derived from Phaffia yeast, which is easy to absorb.
This innovation brings non-esterified, free-form astaxanthin from a new source to the market suitable for human consumption, as well as for aquaculture. Companies are conducting studies in the country to monitor the effectiveness of novel products.
For instance, in September 2022, a recently published clinical study stated that AstaPure Arava by Solabia-Algatech Nutrition can have positive effects on the immune system and health. Such initiatives by key players in the market are in line with the country’s strategy to improve access to advanced astaxanthin products for consumers.
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Our clientele includes a mix of astaxanthin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Israel astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Israel astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel astaxanthin market size, by source, 2018-2030 (US$M)
Israel Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
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