Sweden Astaxanthin Market Size & Outlook, 2023-2030
Sweden astaxanthin market, 2018-2030 (US$M)
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Sweden astaxanthin market highlights
- The Sweden astaxanthin market generated a revenue of USD 17.1 million in 2023 and is expected to reach USD 57.1 million by 2030.
- The Sweden market is expected to grow at a CAGR of 18.9% 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 17.1 million |
| Market revenue in 2030 | USD 57.1 million |
| Growth rate | 18.9% (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, Sweden accounted for 0.7% 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 |
|---|
Sweden 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 55.56% in 2023. Horizon Databook has segmented the Sweden astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Key market players in Sweden astaxanthin market are DSM, BASF, and Alga technologies Ltd., which collectively account for a significant share of the market revenue. Other notable players in the market include Asta Real AB, These companies actively undertake various initiatives to expand their market presence and increase their share of the market.
For instance, in August 2021, DSM and Foss Analytical announced a partnership to develop a rapid, accurate, and reliable test to measure astaxanthin levels in salmon feed. Similarly, in March 2021, AstaReal AB launched AstaReal Astaxanthin, to meet the growing demand for natural and sustainable ingredients.
In addition, in August 2021 Nack, a Swedish-Indian startup launched a health & wellness digital platform with a lineup of two herbal products, Immunity Boost, which is formulated with Natural Astaxanthin, and a 100% herbal Plant Protein Powder.
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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Sweden astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden astaxanthin market size, by source, 2018-2030 (US$M)
Sweden Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
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