Global Astaxanthin Market 2015 - Sources, Technologies and Application: Market projected to Reach 670 Metric Tons Valued at US$1.1 Billion by 2020

DUBLIN, March 24, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/t4crxd/global) has announced the addition of the "Global Astaxanthin Market - Sources, Technologies and Application"  report to their offering. 

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Global market for both synthetic and natural source astaxanthin in aqua feed, nutraceuticals, cosmetics and food & beverages is estimated at 280 metric tons valued at US$447 million in 2014, is further projected to reach 670 metric tons valued at US$1.1 billion by 2020. 

Synthetic astaxanthin, astaxanthin rich Phaffia yeast and Paracoccus bacteria are predominantly used in the aquaculture sector, while the astaxanthin derived from H. pluvialis microalgae is the main source for human applications such as dietary supplements, cosmetics and food & beverages. 

Astaxanthin has been widely used in aquaculture industry for pigmentation of salmon, trout and shrimps; used for its antioxidant and other health benefits in nutraceutical industry; used in cosmetics for its skin care and anti-aging properties; and also used for fortification of foods and beverages. On commercial scale, astaxanthin is currently produced through chemical synthesis and also derived from natural sources such as Phaffia yeast, Paracoccus bacteria, shrimp bi-products and Haematococcus pluvialis (H. pluvialis) microalgae, with the current major natural source of astaxanthin being the Haematococcus pluvialis microalgae. 

In recent years, there has been a growing trend toward using natural ingredients in all forms of food nutrients including the nutraceutical and cosmetic markets, resulting from increasing concerns for consumer safety and regulatory issues over the introduction of synthetic chemicals into the human food chain. The demand for natural astaxanthin derived from Haematococcus pluvialis algae in the global market has been sky-rocketing in recent years owing to increasing consumer awareness of its health benefits. 

Astaxanthin products analyzed in this study include Synthetic Astaxanthin, Haematococcus pluvialis Microalgae Astaxanthin and astaxanthin rich Paracoccus bacteria. End-use application markets covered in the report are Aqua Feed, Nutraceuticals, Cosmetics and Food & Beverages. 

The report also provides a special focus on various astaxanthin production technologies employed by key market players, including Chemical Synthesis; Microalgae Cultivation, Harvesting, Drying and Astaxanthin Extraction; and Bacteria Fermentation. 

Key Topics Covered: 

1. INTRODUCTION 

2. COMMERCIAL ASTAXANTHIN PRODUCTION TECHNOLOGIES 

3. KEY MARKET TRENDS 

4. INDUSTRY LANDSCAPE 

5. KEY BUSINESS TRENDS 

6. GLOBAL MARKET OVERVIEW 

PART B: REGIONAL MARKET PERSPECTIVE 

REGIONAL MARKET OVERVIEW 

1. NORTH AMERICA 

2. EUROPE 

3. JAPAN 

4. ASIA-PACIFIC 

5. SOUTH AMERICA 

6. REST OF WORLD 

PART C: GUIDE TO THE INDUSTRY 

PART D: ANNEXURE 

1. RESEARCH METHODOLOGY 

2. FEEDBACK 

Companies Mentioned: Partial List of the Companies Featured

- Algatechnologies Ltd. 
- BASF SE 
- Beijing Gingko Group (BGG) Biological Technology Co Ltd 
- Biogenic Co Ltd 
- Cyanotech Corporation 
- DSM NV 
- Fenchem Biotek Ltd 
- Fuji Chemical Industry Co Ltd (Astareal Co Ltd) 
- Igene Biotechnology, Inc. 
- Jingzhou Natural Astaxanthin Inc. 
- JX Nippon Oil & Energy Corporation 
- Parry Nutraceuticals Ltd. 
- Pigmentos Naturales SA 
- Shandong Wefirst Biotechnology Co Ltd 
- Supreme Biotechnologies NZ Ltd 
- Valensa International (U. S. Nutraceuticals LLC) 
- Yunnan Alphy Biotech Co Ltd 
- Zhejiang NHU Co Ltd 

For more information visit http://www.researchandmarkets.com/research/t4crxd/global

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

SOURCE Research and Markets