U.S. Astaxanthin Market Size & Outlook, 2023-2030
U.S. astaxanthin market, 2018-2030 (US$M)
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U.S. astaxanthin market highlights
- The U.S. astaxanthin market generated a revenue of USD 766.2 million in 2023 and is expected to reach USD 2,246.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 16.6% 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 766.2 million |
| Market revenue in 2030 | USD 2,246.1 million |
| Growth rate | 16.6% (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, U.S. accounted for 32.8% 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 North America, U.S. astaxanthin market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 282.7 million by 2030.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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% in 2023. Horizon Databook has segmented the U.S. astaxanthin market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is the largest market for astaxanthin in North America owing to the higher demand for nutritional supplements and higher spending power of consumers. Due to lifestyle changes, healthcare issues such as joint pain, low immunity, heart problems, and others have become common in the U.S.
Hence, the development of new products to combat diseases associated with lifestyle changes is expected to boost the market growth. PTO for its composition & method to improve joint pain using low molecular weight hyaluronic acid and an antioxidant called xanthin, which was natural astaxanthin.
Furthermore, nutraceutical products and food supplements are not subject to stringent regulations that drugs are in the U.S. Nutraceuticals and astaxanthin also have multifunctional characteristics, which is further increasing their demand.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into U.S. astaxanthin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. astaxanthin market size, by source, 2018-2030 (US$M)
U.S. Astaxanthin Market Outlook Share, 2023 & 2030 (US$M)
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