Mexico Astaxanthin Market Size & Outlook, 2023-2030
Mexico astaxanthin market, 2018-2030 (US$M)
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Mexico astaxanthin market highlights
- The Mexico astaxanthin market generated a revenue of USD 18.0 million in 2023 and is expected to reach USD 57.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 18.2% 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 18.0 million |
| Market revenue in 2030 | USD 57.9 million |
| Growth rate | 18.2% (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, Mexico accounted for 0.8% 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 Latin America, Brazil astaxanthin market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 86.6 million by 2030.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 56.11% in 2023. Horizon Databook has segmented the Mexico astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is a prominent market for astaxanthin owing to changing dynamics of the market and consumer preferences. Mexico is experiencing increased demand for naturally grown antioxidants owing to high living standards among the target population.
Health consciousness is rising among people in Mexico, and high disposable income is shifting consumers’ focus toward preventive and care products, such as astaxanthin-based supplements.
Strategic alliances between global and local companies such as Alga technologies and Natura Extracta are being adopted to use high-quality astaxanthin products to increase revenue generation in the market, with easy access to the personal care & dietary supplement market.
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Our clientele includes a mix of astaxanthin market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Mexico astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico astaxanthin market size, by source, 2018-2030 (US$M)
Mexico Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
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