"Astaxanthin Market projecting to grow from an estimated value of USD 553.6 million in 2017 to
USD 814.1 million by 2022, at a CAGR of 8.02% – Market Research Report Store" published
in May 2017. It is a professional and in-depth study.
Summary
Market Research Report Store announces a new report＂Astaxanthin Market＂added to its
database.The global astaxanthin market is projected to grow significantly from an estimated value of
USD 553.6 million in 2017 to USD 814.1 million by 2022, at a CAGR of 8.02%. The astaxanthin
market has been gaining importance due to its expanding end-use applications, rising awareness about
preventive healthcare & nutraceuticals, and the growing demand for natural antioxidants in human and
animal nutrition.
Detailed TOC Of Report @
https://www.marketresearchreportstore.com/shop/astaxanthin-market-by-source-plant-yeast-mi
crobes-marine-petroleum-form-dry-liquid-method-of-production-biological-process-chemical-pr
ocess-application-feed-supplements-food-cosmet
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“The dietary supplements segment is projected to be the fastest-growing application of
astaxanthin”
The application of astaxanthin in the dietary supplements industry accounted for the second-largest
share in 2016, and is expected to grow at the highest CAGR during the forecast period. The numerous
health benefits, such as cardiovascular and neurological health, offered by the super-oxidant property
of astaxanthin, coupled with the growing nutraceuticals market, are the major drivers contributing to
the exponential growth of dietary supplements segment.
“Petroleum was the largest segment, by source, in 2016”
Petroleum-derived astaxanthin accounted for the largest share in 2016; however, natural astaxanthin,
derived from plants, microalgae, and marine animals is expected to grow at a higher CAGR compared
to petroleum-based astaxanthin. Animal feed is the primary market which thrives on synthetic
astaxanthin from petroleum, whereas human nutrition is majorly driven by natural astaxanthin.
However, the demand for natural astaxanthin in animal nutrition has been increasing in recent years
due to a number of safety issues associated with the consumption of animal meat treated with
petroleum-based astaxanthin. Among other sources, plants are the fastest-growing segment, by source.
“Asia-Pacific: The largest astaxanthin market”