Japan Astaxanthin Market Size & Outlook, 2023-2030
Japan astaxanthin market, 2018-2030 (US$M)
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Japan astaxanthin market highlights
- The Japan astaxanthin market generated a revenue of USD 146.0 million in 2023 and is expected to reach USD 493.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 19% 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 146.0 million |
| Market revenue in 2030 | USD 493.5 million |
| Growth rate | 19% (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, Japan accounted for 6.2% 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 Asia Pacific, China astaxanthin market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 122.5 million by 2030.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 55.62% in 2023. Horizon Databook has segmented the Japan astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is the second largest producer of nutraceuticals in the region. According to Japan’s Nutraceutical Industry Update, over the past 20 years, the Japanese nutraceutical industry grew at an average of 12% per year.
Heart disease, cancer, & lifestyle-related problems are major causes of death in Japan, and their increasing prevalence is fueling the demand for nutraceuticals such as astaxanthin. Japan has a high life expectancy and a large geriatric population, which is projected to drive the adoption of natural astaxanthin in the form of nutraceuticals and dietary supplements.
Therefore, companies are developing new natural astaxanthin therapies that can combat age-related diseases. For instance, in September 2020, BGG completed and published its clinical trial data on the combination of AstaZine Natural Astaxanthin & TheraPrimE Palm Tocotrienols.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Japan astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan astaxanthin market size, by source, 2018-2030 (US$M)
Japan Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
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