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Astaxanthin Market Share
- Report ID: GMI202
- Published Date: Apr 2023
- Report Format: PDF
Astaxanthin Market Share
Prominent participants operating across the market include:
- Algix
- ALGA Technologies
- BASF
- Cyanotech Corporation
- BGG
- DSM
- Lycored
- Fenchem
- Piveg, Inc.
- INNOBIO
- Cardax
- Wellgreen Technology.
These firms majorly focus on expanding their customer base and strategic acquisitions & partnerships to boost their market standing.
Frequently Asked Questions (FAQ) :
Global Market size for Astaxanthin was valued at more than USD 921.3 million in 2023 and is set to progress at a 9.1% CAGR over the next 10 years, owing to the burgeoning geriatric population around the world.
Animal feed application segment is anticipated to expand at over 8.5% CAGR through 2032 owing to growing awareness of the health benefits of nutritious animal feed.
Synthetic segment is poised to grow at over 6.5% CAGR from 2023 to 2032 as a result of its low-cost and easy manufacturing capabilities.
North America market for astaxanthin is slated to witness over 9% CAGR through 2032 on account of soaring consumer attention toward the prevention of diseases in the region.
Astaxanthin Market Scope
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