Astaxanthin Market 2030 - Impact on Healthy Aquaculture
The astaxanthin market is witnessing substantial growth, fueled by growing awareness of its health advantages and its versatile applications across multiple industries. Astaxanthin is a naturally occurring carotenoid and is known for its potent health benefits. This market encompasses both natural sources, such as yeast, krill/shrimp, microalgae, and other marine organisms, as well as synthetic production methods. The global market for astaxanthin was valued at USD 2.34 billion in 2023 and is expected to grow at a compound annual growth rate of 17.1% from 2024 to 2030, according to a recent report by Grand View Research, Inc. The Astaxanthin market is an ever-expanding sector within the global economy, characterized by its diverse applications and substantial growth potential. Astaxanthin is available in several product forms, including dried algae meal or biomass, oil, soft gels, and liquid. These come in different forms to meet the needs of various applications, including nutraceut...