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Astaxanthin Market Size And Share, Industry Report, 2030GVR Report cover
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Astaxanthin Market Size, Share & Trends Analysis Report By Product (Oil, Softgel, Liquid), By Source (Natural, Synthetic), By Application (Aquaculture & Animal Feed, Nutraceuticals), By Region, And Segment Forecasts, 2025 - 2030
- Report ID: GVR-1-68038-957-9
- Number of Report Pages: 120
- Format: PDF
- Historical Range: 2018 - 2023
- Forecast Period: 2025 - 2030
- Industry: Healthcare
Astaxanthin Market Size & Trends
The global astaxanthin market size was estimated at USD 1.69 billion in 2024 and is projected to grow at a CAGR of 14.74% from 2025 to 2030. The growing demand for astaxanthin is being fueled by its increasing use in various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages, among others. It is widely used as a food ingredient for prawns and fishes such as salmon, trout, and ornamental fishes to enhance their coloration and increase commercial value.
Other benefits for aquatic animals include growth in stress tolerance, performance, immune-related gene expressions, reproductive capacity, improvement in survival, and disease resistance. Major players are focusing on new product developments and collaborative agreements to meet the increasing demand in aquaculture.
The rising awareness about nutrition for a healthy lifestyle and the increasing preference for dietary supplements owing to the high hospitalization cost are projected to drive the demand for nutraceuticals & natural antioxidants. The market players are significantly increasing their production capacities to compete with the growing demand for nutraceutical products. For instance, in April 2023, Algalif announced that its 12,500 m² sustainable natural astaxanthin production facility in Iceland was progressing as planned. The USD 30 million expansion, initiated in summer 2021, is expected to be fully operational by the end of 2023. Furthermore, in April 2022, Beijing Gingko Group announced a second expansion of its pristine region’s astaxanthin farm capacity within a span of 2 years, which is expected to maximize its production capacity. Algatech Ltd. increased its production capacity threefold for FucoVital, a product derived from brown algae, to fulfill the increasing demand for the dietary supplements market.
The introduction of advanced technologies to increase astaxanthin production is expected to boost market growth. For instance, in March 2024, Kuehnle AgroSystems (KAS) secured USD 3 million in Series A2 funding, led by S2G Ventures. This investment aims to accelerate the commercialization of KAS’s innovative approach to producing natural astaxanthin. Utilizing a patented dark fermentation process, KAS offers a solution that delivers higher yields, lower costs, and reduced resource consumption compared to conventional methods. This advancement supports the shift from synthetic to natural, addressing a market valued at USD 3.7 billion and driven by increasing consumer preference for natural, sustainable products.
Increasing concerns about the adverse effects of chemicals and the growing use of synthetic additives in edible products and topical applications are some of the factors responsible for the increasing adoption of natural alternatives. In August 2024, a study published in the Journal of Ovarian Research highlighted that astaxanthin (AST) supplementation could enhance assisted reproductive technology (ART) outcomes. The research found that AST improves oocyte quality and reduces oxidative stress (OS) in reproductive organs, supporting its role in promoting reproductive health. Astaxanthin's demonstrated ability to enhance oocyte quality and minimize oxidative damage reinforces its potential for pharmaceutical applications. As oxidative stress is a key factor in many health conditions, astaxanthin could see broader adoption in treatments for reproductive and other oxidative stress-related disorders.
Market Concentration & Characteristics
The astaxanthin industry showcases a high degree of innovation, with companies developing novel formulations and sustainable production methods. For example, Sirio Europe (SIRIO) revealed in August 2023 its plan to introduce two new softgel products targeting the pharmaceutical sector during the CPHI Barcelona 2023 event.
The astaxanthin industry is also characterized by a high level of merger and acquisition (M&A) activity by the leading players. In January 2022, ENEOS Corporation disclosed its acquisition of Ecocert Inputs Attestation, a globally recognized certification organization. This strategic move strengthens ENEOS' position in the astaxanthin industry, particularly for Panaferd-AX. The merger reflects the company's commitment to quality and international standards, contributing to the evolution of the industry.
The astaxanthin industry is also subject to regulatory scrutiny. Under DSHEA, dietary supplements such as astaxanthin are considered food products rather than drugs and therefore do not require premarket approval by FDA. However, supplement manufacturers are still required to ensure that their products are safe and accurately labeled. The FDA has the authority to take enforcement action against any supplement product that is found to be unsafe or misbranded.
The market is witnessing innovation as dietary lutein emerges as a potential substitute. Companies are exploring the incorporation of lutein-rich sources into formulations, tapping into its antioxidant properties. This shift underscores a trend towards diversification and the exploration of alternative natural compounds within the dynamic astaxanthin industry.
End-user concentration in the astaxanthin industry is evident in the rising demand from sectors like nutraceuticals, cosmetics, and aquaculture. For instance, cosmetic companies are increasingly incorporating astaxanthin for its skin health benefits, showcasing a targeted approach by end-users to leverage the unique properties of this potent antioxidant for specific applications.
Source Insights
The natural segment held the largest revenue share of 58.45% in 2024 and is anticipated to grow at the fastest CAGR during the forecast period, owing to advantages such as high efficacy and sustainability. Currently, it is used to treat hypercholesterolemia, stroke, Parkinson’s disease, Alzheimer’s disease, and cancer. Moreover, natural astaxanthin has very good effects on the skin and eye, as many studies reported the use of these products in treatment of ophthalmic diseases such as cataracts, uveitis, & glaucoma and skin photo-aging treatments, as it has 10 times higher free radical inhibitory action than other antioxidants. Moreover, ongoing research activities to enhance the quality and usage of yeast-derived products are expected to boost segment growth. For instance, in February 2023, according to research by China Medical University Hospital, National Chung Hsing University, and National Taiwan Ocean University, genetically modified yeast could be a promising source of astaxanthin for shrimp feeds.
The synthetic segment is expected to grow at a healthy CAGR during the forecast period due to its high purity, batch consistency, and cost-effectiveness, meeting large-scale production demands. Advancements in production methods and regulatory support will further drive adoption. The aquaculture industry, particularly shrimp farming, relies on synthetic variants to improve feed efficiency, growth performance, pigmentation, and product quality. A study in Aquaculture Reports (December 2023) confirmed synthetic variants’ superior performance over natural ones in enhancing shrimp growth and pigmentation, promoting them as a sustainable, economical feed additive. This positions synthetic products as a key driver for market expansion.
Product Insights
Dried algae meal or biomass accounted for the largest share of 25.12% in 2024 due to its high yield and cost-effectiveness. A December 2024 study in the International Journal of Biological Macromolecules demonstrated that using an alginate hydrogel membrane (AHM) with cotton gauze for cultivating Haematococcus pluvialis increased productivity by 70.8%, with a 55.2% improvement over conventional methods. This advanced technique optimizes cultivation parameters, such as light intensity and inoculum density, enhancing biomass yield and reducing production costs. The segment's scalability and efficiency make it crucial for meeting rising demand in industries such as supplements, animal feed, and cosmetics. In addition, dried biomass simplifies downstream extraction, ensuring high-quality products reinforcing its market dominance.
The softgel segment is projected to grow at a high rate during the forecast period due to its ability to enhance bioavailability and simplify consumption. The segment benefits from increased demand for dietary supplements and the rising use of the ingredient in nutraceutical applications, including eye and skin health. The format’s capability to protect the ingredient from oxidation supports its market acceptance. In addition, the growing awareness of its functional properties, particularly its role in antioxidant support, is expected to drive the segment's growth, making it a significant contributor to the overall market.
Application Insights
The aquaculture & animal feed segment held the largest share of 46.07% in 2024, owing to its extensive use as a feed additive. Natural variants are used as feed to induce reddish pigmentation in salmon, trout, and shrimp, which is an important factor driving consumer preference. The oil can also increase feed uptake, resulting in faster growth of shrimp. Thus, the increasing adoption of these products in the aquaculture industry for improving seafood quality is contributing to the segment’s significant share in the market. In addition, key players are introducing novel products for animal feed with medical benefits. For instance, in July 2022, AstaReal introduced Novasta, an ingredient designed for use in animal feed. This product launch expands the potential for health-enhancing applications in the field of animal nutrition.
The nutraceutical segment is projected to grow rapidly due to increasing demand for natural variants and continuous product innovations by key players. In October 2023, Divi’s Nutraceuticals collaborated with Algalif to introduce highly concentrated beadlets. In addition, the European Commission approved the use of oleoresin-rich products in food supplements for younger age groups, with dosage guidelines ranging from 2.3 mg/day for children to 8 mg/day for adults. These advancements address rising consumer interest in preventative health solutions, driving the adoption of these products in nutraceutical applications across diverse age groups.
Regional Insights
North America astaxanthin market accounted for the largest share of 35.27% in 2024 due to its advanced healthcare infrastructure and growing demand for natural antioxidants in health supplements and cosmetics. The presence of established companies such as Algatech Ltd and Cyanotech Corporation, coupled with increasing consumer awareness about the benefits of astaxanthin, drives market growth. In addition, the rising adoption in industries such as aquaculture and animal feed further supports market expansion. Innovations in product formulations and ongoing research into its therapeutic applications also contribute to North America's dominant position in the global market.
U.S. Astaxanthin Market Trends
The U.S. astaxanthin market is expanding, driven by the rising demand for natural antioxidants and growing awareness of the health benefits of nutraceuticals, pharmaceuticals, and cosmetics. Major players in the U.S., such as Cyanotech Corporation, Fuji Chemical Industries, and Piveg, Inc., are actively innovating to meet rising consumer demand. Notably, in March 2024, Nutrex-Hawaii, Inc., a subsidiary of Cyanotech Corporation, introduced a sugar-free gummy version of its top-selling BioAstin Hawaiian Astaxanthin dietary supplement, delivering 12mg of natural Hawaiian astaxanthin per daily serving. This innovative product is expected to strengthen Cyanotech’s market position by addressing the growing preference for convenient, health-focused supplement formats.
Europe Astaxanthin Market Trends
The Europe astaxanthin market is growing, supported by increasing demand for natural antioxidants in functional foods, dietary supplements, and skincare products. The aging population in countries such as Germany, France, and the UK is driving demand, particularly for cardiovascular and skin health benefits. Regulatory support for natural products and the development of novel formulations are contributing to market growth in the region.
The UK astaxanthin market is experiencing growth, with rising consumer interest in health and wellness products. The increasing awareness about the antioxidant properties, particularly for managing skin conditions, cardiovascular diseases, and eye health, is contributing to the market’s expansion. Supportive government policies and growing acceptance of astaxanthin-based nutraceuticals are expected to drive further market growth.
Germany astaxanthin market holds a prominent share in Europe’s due to its advanced healthcare system and growing consumer demand for functional foods and supplements. The country’s focus on preventative healthcare and the aging population’s increasing interest in astaxanthin for cardiovascular and skin health are key drivers. Regulatory support and continued product innovation are expected to contribute to sustained market growth.
Asia Pacific Astaxanthin Market Trends
The Asia Pacific astaxanthin market is anticipated to grow at a lucrative CAGR over the forecast period, driven by key players such as Algatech Ltd, Cyanotech Corporation, and Beijing Gingko Group, which are expanding their presence. These companies are improving microalgae cultivation and astaxanthin extraction technologies, increasing product bioavailability. Aquaculture and animal feed sectors are significant contributors, with astaxanthin enhancing pigmentation in marine life. Additionally, Sainhall Nutrihealth, a Singapore-based distributor, entered the consumer market in January 2024 with its SainHealth brand, offering supplements containing astaxanthin. The brand targets various health areas, including immune support, skincare, and anti-aging, and plans further market expansion.
China astaxanthin market is growing steadily, driven by an increase in cardiovascular diseases, skin health concerns, and a rising aging population. Astaxanthin’s demand for dietary supplements and functional foods is increasing as more consumers seek natural products to improve their health. Government initiatives to improve healthcare infrastructure and expand access to health-related products are helping to propel the market forward.
Japan astaxanthin market is characterized by high consumer awareness and a well-established healthcare system. The growing demand for natural antioxidants in skincare, nutraceuticals, and dietary supplements, coupled with the aging population, is driving market growth. Japan’s advanced research and development activities in the field of antioxidants, including astaxanthin, are expected to continue fostering growth in the market.
Latin America Astaxanthin Market Trends
The astaxanthin market in Latin America is expanding owing to technological developments, increasing healthcare spending, and a rising focus on preventive care. The rising prevalence of diseases is driving demand for nutraceuticals and dietary fibers as consumers seek to manage and prevent the onset of these conditions. The growing need for healthier lifestyle options is fueling demand for nutraceuticals across various sectors, including functional foods, beverages, cosmetics, aquaculture, animal feed, and other traditional food manufacturing applications.
The Brazil astaxanthin market is experiencing steady growth, fueled by increasing awareness about its health benefits, particularly for cardiovascular health and anti-aging purposes. The demand for dietary supplements and cosmetic products is rising as more consumers seek natural, effective health solutions. Government policies aimed at improving healthcare accessibility and growing interest in preventative care are contributing to market expansion.
MEA Astaxanthin Market Trends
The Middle East and Africa astaxanthin market is driven by increasing awareness of the antioxidant’s health benefits. Key markets in this region, such as South Africa, UAE, and Saudi Arabia, are seeing an uptick in demand for astaxanthin-based products, especially in nutraceuticals and cosmetics. Government efforts to improve healthcare access, expand the product range in the region, and address lifestyle-related health concerns are expected to continue stimulating market growth.
Saudi Arabia astaxanthin market is expanding due to the country’s healthcare initiatives and increasing consumer interest in natural health products. The growing prevalence of lifestyle diseases such as heart disease and skin conditions are fueling the demand for astaxanthin in dietary supplements and cosmetic products. Government initiatives under Vision 2030 to improve healthcare and expand access to therapeutic products are expected to support continued market growth.
The UAE astaxanthin market is growing, driven by increasing awareness of the health benefits of natural antioxidants. The demand for astaxanthin-based nutraceuticals and skin care products is rising due to growing consumer interest in health and wellness. Government policies aimed at enhancing healthcare infrastructure and expanding access to health products are contributing to the market’s expansion in the region.
South Africa astaxanthin market is witnessing growth as consumers increasingly turn to natural antioxidants for skin health, cardiovascular disease prevention, and anti-aging benefits. The market is also benefiting from the rising awareness of the health benefits of astaxanthin in supplements and cosmetics. Government support for expanding healthcare accessibility and improving public health will help further drive market expansion in the region.
Key Astaxanthin Company Insights
Some of the key players operating in the market include Algatech Ltd, Cyanotech Corporation, and ALGAMO. The market is highly competitive, with key players emphasizing sustainability, innovation, and quality. Algatech Ltd leads with its sustainable algae cultivation methods and large-scale production. Cyanotech Corporation, known for its Hawaiian-sourced microalgae, excels in product quality and environmental responsibility. Key players are focusing on innovation, sustainability, and quality by prioritizing advanced cultivation methods, expanding distribution, and forming strategic partnerships.
Key Astaxanthin Companies:
The following are the leading companies in the astaxanthin market. These companies collectively hold the largest market share and dictate industry trends.
- Algatech Ltd
- Cyanotech Corporation
- Algalíf Iceland ehf
- Beijing Gingko Group (BGG)
- PIVEG, Inc.
- Fuji Chemical Industries Co., Ltd
- ENEOS Corporation
- Atacama Bio Natural Products S.A.
- E.I.D. – Parry (India) Limited
- ALGAMO
Recent Developments
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In March 2024, Nutrex-Hawaii, Inc., a subsidiary of Cyanotech Corporation, introduced a sugar-free gummy version of its top-selling BioAstin Hawaiian Astaxanthin dietary supplement, featuring an impressive 12mg of natural Hawaiian astaxanthin per daily serving. This innovative product is likely to strengthen Cyanotech's market position by catering to the growing demand for convenient, health-focused supplements.
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In April 2023, Algalif announced that construction of its 12,500 m² sustainable natural astaxanthin production facility in Iceland was progressing as planned. The USD 30 million expansion, initiated in summer 2021, is expected to be fully operational by the end of 2023. This significant investment underscores Algalif's commitment to meeting the growing global demand for high-quality astaxanthin.
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In April 2023, Algalíf and Divis Nutraceuticals announced a partnership that resulted in the launch of AstaBead, a groundbreaking astaxanthin product. The collaboration has now introduced an improved version of AstaBead, reflecting ongoing innovation and advancements. This enhanced product is poised to elevate quality standards in the market further, offering consumers improved benefits and expanding its applications in health and wellness, thereby driving increased competitiveness and market growth.
Astaxanthin Market Report Scope
Report Attribute
Details
Market size value in 2025
USD 1.96 billion
Revenue forecast in 2030
USD 3.89 billion
Growth rate
CAGR of 14.74% from 2025 to 2030
Actual data
2018 - 2023
Forecast period
2025- 2030
Quantitative units
Revenue in USD billion/million and CAGR from 2024 to 2030
Report Coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
Source, product, application, region
Regional scope
North America; Europe; Asia Pacific; Latin America; MEA
Country scope
U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, Norway, Denmark, Sweden, China, Japan, India, Australia, Thailand, South Korea, Brazil, Argentina, South Africa, Saudi Arabia, UAE, Kuwait
Key companies profiled
Algatech Ltd, Cyanotech Corporation, Algalíf Iceland ehf, Beijing Gingko Group (BGG), PIVEG, Inc., Fuji Chemical Industries Co., Ltd, ENEOS Corporation, Atacama Bio Natural Products S.A., E.I.D. – Parry (India) Limited, ALGAMO.
Customization scope
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Global Astaxanthin Market Report Segmentation
This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global astaxanthin market report based on source, product, application, and region.
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Source Outlook (Revenue, USD Million, 2018 - 2030)
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Natural
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Yeast
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Krill/Shrimp
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Microalgae
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Others
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Synthetic
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Product Outlook (Revenue, USD Million, 2018 - 2030)
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Dried Algae Meal Or Biomass
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Oil
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Softgel
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Liquid
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Others
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Application Outlook (Revenue, USD Million, 2018 - 2030)
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Nutraceuticals
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Cosmetics
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Aquaculture And Animal Feed
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Food
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Functional Foods And Beverages
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Other Traditional Food Manufacturing Applications
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Others
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Regional Outlook (Revenue, USD Million, 2018 - 2030)
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Italy
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Spain
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Denmark
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Sweden
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Norway
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Asia Pacific
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Japan
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China
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India
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Australia
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South Korea
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Thailand
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Latin America
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Brazil
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Argentina
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Middle East and Africa
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South Africa
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Saudi Arabia
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UAE
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Kuwait
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Frequently Asked Questions About This Report
b. The global astaxanthin market size was estimated at USD 1.69 billion in 2024 and is expected to reach USD 1.95 billion in 2025.
b. The global astaxanthin market is expected to grow at a compound annual growth rate of 14.74% from 2025 to 2030 and is expected to reach USD 3.89 billion by 2030.
b. The natural astaxanthin segment is expected to dominate the astaxanthin market with a share of 58.45% in 2024 due to its great demand in feed, food, pharmaceutical, and nutraceutical applications coupled with a high yield of carotenoid, increasing demand for natural food supplements, and low maintenance costs.
b. Some key players operating in the astaxanthin market include Algatech Ltd, Cyanotech Corporation, Beijing Gingko Group (BGG), Algalíf Iceland ehf, and Fuji Chemical Industries Co., Ltd among others.
b. Increasing demand for nutraceuticals and natural antioxidants, introduction of advanced technologies, increase in adoption of natural cosmetics, nutraceuticals, and pharmaceuticals, and increased use in aquaculture and coloring of fish are the major factors driving the astaxanthin market growth over the forecast period.
b. North America held the largest share of 35.27% in 2024 and is expected to register a lucrative growth rate over the forecast period. It is attributable to the increasing adoption of natural nutraceutical products, presence of strong market players, and increasing awareness among people.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Source
1.2.2. Product
1.2.3. Application
1.2.4. Regional scope
1.2.5. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Approach 1: Commodity flow approach
1.7.3. Volume price analysis (Model 2)
1.7.4. Approach 2: Volume price analysis
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Source outlook
2.2.2. Product outlook
2.2.3. Application
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Astaxanthin Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Increasing demand for nutraceuticals and natural antioxidants
3.2.1.2. Introduction of advanced technologies
3.2.1.3. Increase in adoption of natural cosmetics, nutraceuticals and pharmaceuticals
3.2.1.4. Increased use in aquaculture and coloring of fish
3.2.2. Market restraint analysis
3.2.2.1. High cost of production
3.2.2.2. Excess space requirement
3.3. Astaxanthin Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
3.4. Import Volume Data for Astaxanthin in Thailand (Volume in Metric Tons)
Chapter 4. Astaxanthin Market: Source Estimates & Trend Analysis
4.1. Source Market Share, 2024 & 2030
4.2. Segment Dashboard
4.3. Global Astaxanthin Market by Source Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.4.1. Natural
4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2. Yeast
4.4.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3. Krill/Shrimp
4.4.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.4. Microalgae
4.4.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5. Others
4.4.1.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2. Synthetic
4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Astaxanthin Market: Product Estimates & Trend Analysis
5.1. Product Market Share, 2024 & 2030
5.2. Segment Dashboard
5.3. Global Astaxanthin Market by Product Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.4.1. Dried algae meal or Biomass
5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2. Oil
5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.3. Softgel
5.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.4. Liquid
5.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.5. Others
5.4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Astaxanthin Market: Application Estimates & Trend Analysis
6.1. Application Market Share, 2024 & 2030
6.2. Segment Dashboard
6.3. Global Astaxanthin Market by Application Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.4.1. Nutraceuticals
6.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.2. Cosmetics
6.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.3. Aquaculture and Animal Feed
6.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.4. Food
6.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.4.2. Functional Food and Beverages
6.4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.4.3. Other traditional food manufacturing applications
6.4.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Astaxanthin Market: Regional Estimates & Trend Analysis
7.1. Regional Market Share Analysis, 2024 & 2030
7.2. Regional Market Dashboard
7.3. Global Regional Market Snapshot
7.4. Market Size & Forecasts Trend Analysis, 2018 to 2030:
7.5. North America
7.5.1. U.S.
7.5.1.1. Key country dynamics
7.5.1.2. Regulatory framework/ reimbursement structure
7.5.1.3. Competitive scenario
7.5.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
7.5.2. Canada
7.5.2.1. Key country dynamics
7.5.2.2. Regulatory framework/ reimbursement structure
7.5.2.3. Competitive scenario
7.5.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
7.5.3. Mexico
7.5.3.1. Key country dynamics
7.5.3.2. Regulatory framework/ reimbursement structure
7.5.3.3. Competitive scenario
7.5.3.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
7.6. Europe
7.6.1. UK
7.6.1.1. Key country dynamics
7.6.1.2. Regulatory framework/ reimbursement structure
7.6.1.3. Competitive scenario
7.6.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
7.6.2. Germany
7.6.2.1. Key country dynamics
7.6.2.2. Regulatory framework/ reimbursement structure
7.6.2.3. Competitive scenario
7.6.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
7.6.3. France
7.6.3.1. Key country dynamics
7.6.3.2. Regulatory framework/ reimbursement structure
7.6.3.3. Competitive scenario
7.6.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
7.6.4. Italy
7.6.4.1. Key country dynamics
7.6.4.2. Regulatory framework/ reimbursement structure
7.6.4.3. Competitive scenario
7.6.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
7.6.5. Spain
7.6.5.1. Key country dynamics
7.6.5.2. Regulatory framework/ reimbursement structure
7.6.5.3. Competitive scenario
7.6.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
7.6.6. Norway
7.6.6.1. Key country dynamics
7.6.6.2. Regulatory framework/ reimbursement structure
7.6.6.3. Competitive scenario
7.6.6.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
7.6.7. Sweden
7.6.7.1. Key country dynamics
7.6.7.2. Regulatory framework/ reimbursement structure
7.6.7.3. Competitive scenario
7.6.7.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
7.6.8. Denmark
7.6.8.1. Key country dynamics
7.6.8.2. Regulatory framework/ reimbursement structure
7.6.8.3. Competitive scenario
7.6.8.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
7.7. Asia Pacific
7.7.1. Japan
7.7.1.1. Key country dynamics
7.7.1.2. Regulatory framework/ reimbursement structure
7.7.1.3. Competitive scenario
7.7.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
7.7.2. China
7.7.2.1. Key country dynamics
7.7.2.2. Regulatory framework/ reimbursement structure
7.7.2.3. Competitive scenario
7.7.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
7.7.3. India
7.7.3.1. Key country dynamics
7.7.3.2. Regulatory framework/ reimbursement structure
7.7.3.3. Competitive scenario
7.7.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
7.7.4. Australia
7.7.4.1. Key country dynamics
7.7.4.2. Regulatory framework/ reimbursement structure
7.7.4.3. Competitive scenario
7.7.4.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
7.7.5. South Korea
7.7.5.1. Key country dynamics
7.7.5.2. Regulatory framework/ reimbursement structure
7.7.5.3. Competitive scenario
7.7.5.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
7.7.6. Thailand
7.7.6.1. Key country dynamics
7.7.6.2. Regulatory framework/ reimbursement structure
7.7.6.3. Competitive scenario
7.7.6.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
7.8. Latin America
7.8.1. Brazil
7.8.1.1. Key country dynamics
7.8.1.2. Regulatory framework/ reimbursement structure
7.8.1.3. Competitive scenario
7.8.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
7.8.2. Argentina
7.8.2.1. Key country dynamics
7.8.2.2. Regulatory framework/ reimbursement structure
7.8.2.3. Competitive scenario
7.8.2.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
7.9. MEA
7.9.1. South Africa
7.9.1.1. Key country dynamics
7.9.1.2. Regulatory framework/ reimbursement structure
7.9.1.3. Competitive scenario
7.9.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
7.9.2. Saudi Arabia
7.9.2.1. Key country dynamics
7.9.2.2. Regulatory framework/ reimbursement structure
7.9.2.3. Competitive scenario
7.9.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
7.9.3. UAE
7.9.3.1. Key country dynamics
7.9.3.2. Regulatory framework/ reimbursement structure
7.9.3.3. Competitive scenario
7.9.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
7.9.4. Kuwait
7.9.4.1. Key country dynamics
7.9.4.2. Regulatory framework/ reimbursement structure
7.9.4.3. Competitive scenario
7.9.4.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.3. Vendor Landscape
8.3.1. List of key distributors and channel partners
8.3.2. Key customers
8.3.3. Key company market share analysis, 2024
8.3.4. Algatech Ltd
8.3.4.1. Company overview
8.3.4.2. Financial performance
8.3.4.3. Product benchmarking
8.3.4.4. Strategic initiatives
8.3.5. Cyanotech Corporation
8.3.5.1. Company overview
8.3.5.2. Financial performance
8.3.5.3. Product benchmarking
8.3.5.4. Strategic initiatives
8.3.6. Algalíf Iceland ehf
8.3.6.1. Company overview
8.3.6.2. Financial performance
8.3.6.3. Product benchmarking
8.3.6.4. Strategic initiatives
8.3.7. Beijing Gingko Group (BGG)
8.3.7.1. Company overview
8.3.7.2. Financial performance
8.3.7.3. Product benchmarking
8.3.7.4. Strategic initiatives
8.3.8. PIVEG, Inc.
8.3.8.1. Company overview
8.3.8.2. Financial performance
8.3.8.3. Product benchmarking
8.3.8.4. Strategic initiatives
8.3.9. Fuji Chemical Industries Co., Ltd
8.3.9.1. Company overview
8.3.9.2. Financial performance
8.3.9.3. Product benchmarking
8.3.9.4. Strategic initiatives
8.3.10. ENEOS Corporation
8.3.10.1. Company overview
8.3.10.2. Financial performance
8.3.10.3. Product benchmarking
8.3.10.4. Strategic initiatives
8.3.11. Atacama Bio Natural Products S.A.
8.3.11.1. Company overview
8.3.11.2. Financial performance
8.3.11.3. Product benchmarking
8.3.11.4. Strategic initiatives
8.3.12. E.I.D. - Parry (India) Limited
8.3.12.1. Company overview
8.3.12.2. Financial performance
8.3.12.3. Product benchmarking
8.3.12.4. Strategic initiatives
8.3.13. ALGAMO
8.3.13.1. Company overview
8.3.13.2. Financial performance
8.3.13.3. Product benchmarking
8.3.13.4. Strategic initiatives
List of Tables
Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Production capacity analysis of key competitors
Table 4 Global Astaxanthin Market, By Region, 2018 - 2030 (USD Million)
Table 5 Global Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 6 Global Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 7 Global Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 8 North America Astaxanthin Market, By Country, 2018 - 2030 (USD Million)
Table 9 North America Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 10 North America Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 11 North America Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 12 U.S. Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 13 U.S. Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 14 U.S. Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 15 Mexico Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 16 Mexico Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 17 Mexico Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 18 Canada Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 19 Canada Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 20 Canada Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 21 Europe Astaxanthin Market, By Country, 2018 - 2030 (USD Million)
Table 22 Europe Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 23 Europe Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 24 Europe Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 25 UK Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 26 UK Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 27 UK Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 28 Germany Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 29 Germany Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 30 Germany Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 31 France Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 32 France Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 33 France Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 34 Italy Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 35 Italy Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 36 Italy Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 37 Spain Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 38 Spain Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 39 Spain Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 40 Denmark Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 41 Denmark Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 42 Denmark Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 43 Sweden Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 44 Sweden Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 45 Sweden Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 46 Norway Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 47 Norway Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 48 Norway Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 49 Asia Pacific Astaxanthin Market, By Country, 2018 - 2030 (USD Million)
Table 50 Asia Pacific Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 51 Asia Pacific Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 52 Asia Pacific Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 53 Japan Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 54 Japan Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 55 Japan Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 56 China Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 57 China Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 58 China Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 59 India Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 60 India Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 61 India Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 62 Australia Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 63 Australia Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 64 Australia Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 65 South Korea Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 66 South Korea Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 67 South Korea Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 68 Thailand Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 69 Thailand Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 70 Thailand Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 71 Latin America Astaxanthin Market, By Country, 2018 - 2030 (USD Million)
Table 72 Latin America Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 73 Latin America Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 74 Latin America Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 75 Brazil Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 76 Brazil Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 77 Brazil Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 78 Argentina Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 79 Argentina Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 80 Argentina Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 81 Middle East and Africa Astaxanthin Market, By Country, 2018 - 2030 (USD Million)
Table 82 Middle East and Africa Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 83 Middle East and Africa Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 84 Middle East and Africa Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 85 South Africa Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 86 South Africa Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 87 South Africa Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 88 Saudi Arabia Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 89 Saudi Arabia Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 90 Saudi Arabia Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 91 UAE Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 92 UAE Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 93 UAE Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
Table 94 Kuwait Astaxanthin Market, By Source, 2018 - 2030 (USD Million)
Table 95 Kuwait Astaxanthin Market, By Product, 2018 - 2030 (USD Million)
Table 96 Kuwait Astaxanthin Market, By Application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Astaxanthin market segmentation
Fig. 2 Market research process
Fig. 3 Data triangulation techniques
Fig. 4 Primary research pattern
Fig. 5 Value chain based sizing & forecasting
Fig. 6 QFD modelling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market snapshot
Fig. 9 Source and product segment snapshot
Fig. 10 Application segment snapshot
Fig. 11 Competitive landscape snapshot
Fig. 12 Parent market value, 2024, (USD billion)
Fig. 13 Market trends & outlook
Fig. 14 Porter’s five forces analysis
Fig. 15 PESTEL analysis
Fig. 16 Import volume data for astaxanthin in Thailand, 2018 - 2030, volume (in Metric Tons)
Fig. 17 Astaxanthin market: Source outlook and key takeaways
Fig. 18 Astaxanthin market: Source movement analysis
Fig. 19 Natural market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Yeast market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Krill/Shrimp market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 Microalgae market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Others market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 24 Synthetic market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 25 Astaxanthin market: Product outlook and key takeaways
Fig. 26 Astaxanthin market: Product movement analysis
Fig. 27 Dried algae meal or biomass market estimates and forecast, 2018-2030 USD Million
Fig. 28 Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 29 Softgel market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 30 Liquid market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Astaxanthin market: Application outlook and key takeaways
Fig. 33 Astaxanthin market: Application movement analysis
Fig. 34 Nutraceuticals market estimates and forecast, 2018-2030 USD Million
Fig. 35 Cosmetics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Aquaculture and animal feed market estimates and forecasts, 2018-2030 USD Million
Fig. 37 Food market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Functional foods and beverages market estimates and forecasts, 2018-2030 USD Million
Fig. 39 Other market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Astaxanthin market revenue, by region, 2024 & 2030, USD million
Fig. 42 Regional marketplace: Key takeaways
Fig. 43 North America astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 U.S. astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Canada astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Mexico astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Europe astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 UK. astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Germany astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 France astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Italy astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Spain astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Denmark astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 Sweden astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Norway astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 Asia Pacific astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 Japan astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 China astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 59 India astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 60 Australia astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 61 Thailand astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 62 South Korea astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 63 Latin America astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 64 Brazil astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 65 Argentina astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 66 MEA astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 67 South Africa astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 68 Saudi Arabia astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 69 UAE astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 70 Kuwait astaxanthin market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 71 List of key emerging company’s/disruptors/innovatorsMarket Segmentation
- Astaxanthin Source Outlook (Revenue, USD Million, 2018 - 2030)
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Astaxanthin Product Outlook (Revenue, USD Million, 2018 - 2030)
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Astaxanthin Application Outlook (Revenue, USD Million, 2018 - 2030)
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Astaxanthin Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- North America Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- North America Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- North America Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- U.S.
- U.S. Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- U.S. Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- U.S. Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- U.S. Astaxanthin Market, By Source
- Canada
- Canada Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Canada Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Canada Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Canada Astaxanthin Market, By Source
- Mexico
- Mexico Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Mexicoa Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Mexico Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Mexico Astaxanthin Market, By Source
- North America Astaxanthin Market, By Source
- Europe
- Europe Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Europe Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Europe Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- UK
- UK Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- UK Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- UK Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- UK Astaxanthin Market, By Source
- Germany
- Germany Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Germany Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Germany Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Germany Astaxanthin Market, By Source
- France
- France Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- France Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- France Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- France Astaxanthin Market, By Source
- Italy
- Italy Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Italy Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Italy Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Italy Astaxanthin Market, By Source
- Spain
- Spain Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Spain Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Spain Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Spain Astaxanthin Market, By Source
- Denmark
- Denmark Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Denmark Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Denmark Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Denmark Astaxanthin Market, By Source
- Sweden
- Sweden Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Sweden Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Sweden Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Sweden Astaxanthin Market, By Source
- Norway
- Norway Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Norway Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Norway Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Norway Astaxanthin Market, By Source
- Europe Astaxanthin Market, By Source
- Asia Pacific
- Asia Pacific Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Asia Pacific Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Asia PacificAstaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Japan
- Japan Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Japan Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Japan Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Japan Astaxanthin Market, By Source
- China
- China Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- China Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- China Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- China Astaxanthin Market, By Source
- India
- India Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- India Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- India Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- India Astaxanthin Market, By Source
- Australia
- Australia Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Australia Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Australia Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Australia Astaxanthin Market, By Source
- South Korea
- South Korea Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- South Korea Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- South Korea Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- South Korea Astaxanthin Market, By Source
- Thailand
- Thailand Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Thailand Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Thailand Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Thailand Astaxanthin Market, By Source
- Asia Pacific Astaxanthin Market, By Source
- Latin America
- Latin America Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Latin America Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Latin America Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Brazil
- Brazil Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Brazil Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Brazil Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Brazil Astaxanthin Market, By Source
- Argentina
- Argentina Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Argentina Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Argentina Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Argentina Astaxanthin Market, By Source
- Latin America Astaxanthin Market, By Source
- Middle East and Africa
- Middle East and Africa Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Middle East and Africa Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Middle East and Africa Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- South Africa
- South Africa Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- South Africa Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- South Africa Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- South Africa Astaxanthin Market, By Source
- Saudi Arabia
- Saudi Arabia Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Saudi Arabia Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Saudi Arabia Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Saudi Arabia Astaxanthin Market, By Source
- UAE
- UAE Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- UAE Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- UAE Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- UAE Astaxanthin Market, By Source
- Kuwait
- Kuwait Astaxanthin Market, By Source
- Natural
- Yeast
- Krill/Shrimp
- Microalgae
- Others
- Synthetic
- Natural
- Kuwait Astaxanthin Market, By Product
- Dried algae meal or Biomass
- Oil
- Softgel
- Liquid
- Others
- Kuwait Astaxanthin Market, By Application
- Nutraceuticals
- Cosmetics
- Aquaculture and animal Feed
- Food
- Functional foods and beverages
- Other traditional food manufacturing applications
- Others
- Kuwait Astaxanthin Market, By Source
- Middle East and Africa Astaxanthin Market, By Source
- North America
Report content
Qualitative Analysis
- Industry overview
- Industry trends
- Market drivers and restraints
- Market size
- Growth prospects
- Porter’s analysis
- PESTEL analysis
- Key market opportunities prioritized
- Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments
Quantitative Analysis
- Market size, estimates, and forecast from 2018 to 2030
- Market estimates and forecast for product segments up to 2030
- Regional market size and forecast for product segments up to 2030
- Market estimates and forecast for application segments up to 2030
- Regional market size and forecast for application segments up to 2030
- Company financial performance
Research Methodology
Grand View Research employs a comprehensive and iterative research methodology focused on minimizing deviance to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain, and to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2030We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
• Market-leading companies
• Raw material suppliers
• Product distributors
• BuyersThe key objectives of primary research are as follows:
• To validate our data in terms of accuracy and acceptability
• To gain an insight into the current market and future expectationsData Collection Matrix
Perspective
Primary research
Secondary research
Supply-side
- Manufacturers
- Technology distributors and wholesalers
- Company reports and publications
- Government publications
- Independent investigations
- Economic and demographic data
Demand-side
- End-user surveys
- Consumer surveys
- Mystery shopping
- Case studies
- Reference customers
Industry Analysis MatrixQualitative analysis
Quantitative analysis
- Industry landscape and trends
- Market dynamics and key issues
- Technology landscape
- Market opportunities
- Porter’s analysis and PESTEL analysis
- Competitive landscape and component benchmarking
- Policy and regulatory scenario
- Market revenue estimates and forecast up to 2030
- Market revenue estimates and forecasts up to 2030, by technology
- Market revenue estimates and forecasts up to 2030, by application
- Market revenue estimates and forecasts up to 2030, by type
- Market revenue estimates and forecasts up to 2030, by component
- Regional market revenue forecasts, by technology
- Regional market revenue forecasts, by application
- Regional market revenue forecasts, by type
- Regional market revenue forecasts, by component
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