United States Astaxanthin Market by Manufacturers, Type and Application, Forecast to 2021

Published On:October 27, 2016, 6:58 pm

Astaxanthin is a red colored pigment which is found in several natural organisms especially in aquatic animals such as krill, shrimp, crayfish, crustaceans, salmon, etc. In nature it is very similar to beta-carotene, which is found in orange plants and vegetables and also chlorophyll which is found in green vegetables and plants. Animals and plants that display strong intense red coloring have a propensity to be very high in astaxanthin (world’s most potent carotenoids). Lately, there has been a change of trend towards the utilization of natural components in several forms of food nutrients, particularly in the neutraceutical and cosmetics industry. Astaxanthin is a chemical compound - keta-carotenoid which belongs to terpenes group of chemical compounds. Primarily, this chemical compound is produced via Haematococcus pluvialis microalgae and also through various sources of nature such as Phaffia yeast, Paracoccus bacteria, shrimp bi-products, and via chemical synthesis. Moreover, Astaxanthin is used as a tincture pigment in aquaculture industry for shrimps, salmon, and trout. Besides, this chemical compound is also widely used as an antioxidant in neutraceutical industry and for fortification of food and beverages. It aids in building up human stamina, in healing of wounds, reducing inflammation in joints and muscle pain. The United States market is predicted to foresee a lucrative growth rate of astaxanthin during the forecast period.

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It has been prognosticated that the need for astaxanthin will increase swiftly in the coming years owing to a great prospective in human consumption and bettering the overall health. This market industry is presumed to garner more interest of the customers because of its natural occurrence. Apart from all the possible market drivers, the United States astaxanthin market is said to witness a few hindrances such as availability of restricted conventional technology for production, not-so-cost-efficiency, and reduced availability of the raw material. According to certain studies, it has been proved that astaxanthin is more than 500 times stronger than vitamin E and much more powerful than other carotenoids such as lycopene, lutein and β-carotene. The astaxanthin market segment in U.S. is categorized into two types, namely Astaxanthin powder and Astaxanthin oleoresin, and its applications are divided into cosmetics, neutraceuticals, food & beverages, feed and others. The United States Astaxanthin market has a few key manufacturers such as Yunnan Alphy Biotech, Cyanotech, Algatechnologies, BGG, Igene Biotechnology, Fuji, Valensa International, Microgaia Biotech, Supreme Biotechnologies, and Mera Pharmaceuticals.

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