Astaxanthin Definition:
Astaxanthin, a powerful antioxidant from the carotenoid family, is primarily found in microalgae, yeast, and certain marine organisms such as shrimp, krill, and salmon, giving them their pink or red hue.
Astaxanthin has been studied for its potential health benefits due to its strong antioxidant properties, which help neutralize free radicals in the body. It is often marketed as a dietary supplement and is believed to support skin health, reduce inflammation, improve eye health, and enhance athletic performance.
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Astaxanthin Market:
Astaxanthin Market was valued at USD 1613.2 million in 2023 and is projected to expand from USD 1805.8 million in 2024 to USD 4423.0 million by 2031, growing at a CAGR of 13.65% from 2024 to 2031.
List of Key Companies in Astaxanthin Market:
- Cyanotech Corporation
- Cardax, Inc.
- Beijing Gingko Group (BGG)
- Fuji Chemical Industries Co., Ltd
- ENEOS Group
- ALGAMO
- BASF
Top Developments:
