Astaxanthin Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Astaxanthin Market
Astaxanthin Market 

The carotenoids xanthophyll, which contain astaxanthin, are present in several marine plants and animals. It is regarded as one of the most potent antioxidants found in nature and is also referred to as the king of the carotenoids.

Manufacturers of astaxanthin are predicted to have the greatest market potential in North America and Asia Pacific. Asia Pacific is anticipated to experience relatively rapid value growth during the projection period. This is explained by the anticipated expansion of the pharmaceutical business, particularly in developing nations like China and India. By 2026, the Indian medicines business is projected to produce US$55 billion, according to the India Brand Equity Foundation (IBEF). Additionally, India's expanding medical tourism industry has aided the astaxanthin market's expansion in the area. In order to promote and raise awareness of products made in India abroad, the Ministry of Commerce and Industry, Department of Commerce, and the Government of India formed the India Brand Equity Foundation.

One of the key factors driving the astaxanthin market's expansion is the rising incidence of ailments including diabetes, cancer, cognitive health issues, and cardiovascular disorders. Astaxanthin helps to improve blood flow, lower blood sugar levels, and ease joint, tendon, and muscle discomfort. Additionally, it reduces melancholy, enhances sleep cycles, minimises photoaging, and boosts sperm motility. In addition, there is a considerable increase in demand for astaxanthin as a food additive and food colouring agent in the food and beverage (F&B) industry globally due to its capacity to retain the taste, colour, freshness, and quality of food items.

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