UK Astaxanthin Market Size & Outlook, 2023-2030
UK astaxanthin market, 2018-2030 (US$M)
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UK astaxanthin market highlights
- The UK astaxanthin market generated a revenue of USD 82.9 million in 2023 and is expected to reach USD 280.0 million by 2030.
- The UK 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 82.9 million |
| Market revenue in 2030 | USD 280.0 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, UK accounted for 3.5% 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 |
|---|
UK 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 57.54% in 2023. Horizon Databook has segmented the UK astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The UK astaxanthin market is driven by increasing awareness about the health benefits of natural & nutritional supplements and significant rise in the geriatric population. Some of the key players involved in astaxanthin business are Cyanotech Corporation, DSM Nutritional Products, Fenchem, and Valensa International.
In addition, strategic initiatives undertaken by major players and nongovernment bodies are likely to boost the market. For instance, in June 2016, a major UK-focused marketing campaign was launched by AstaReal. This campaign raised general awareness about the health benefits of astaxanthin.
Promotional campaigns on the skin benefits of astaxanthin are expected to drive sales in the cosmetic and nutricosmetic segment by focusing on its properties of reducing free radical damage to the skin as well as antiaging properties.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into UK astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK astaxanthin market size, by source, 2018-2030 (US$M)
UK Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
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