Dublin, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The "Global Astaxanthin Market - Sources, Technologies and Applications" report has been added to ResearchAndMarkets.com's offering.

The report reviews, analyzes and projects the global Astaxanthin market for the period 2017-2026 in terms of volume consumption in metric tons, market value in US$ and the compound annual growth rates (CAGRs) projected from 2019 through to 2026 with a special focus on y-o-y growth for 2019-2020.

The impact of the COVID-19 pandemic on astaxanthin demand is expected to differ in intensity depending on their end-use application and region. Sharpest declines would be expected in astaxanthin for dietary supplements, cosmetics and aqua feed sectors. Demand for astaxanthin in poultry feed and food & beverages, although less than the normal growth, is expected to be somewhat better compared to other applications.

Volume consumption of Astaxanthin in Asia-Pacific is slated to post the fastest corresponding period CAGR and reach a projected 90 metric tons by 2026. Impacted by the COVID-19 pandemic, demand for astaxanthin across the globe is forecast to decline in 2020, with North America being hit hardest by the pandemic registering a negative YOY growth of 9.7%, followed by South America, Japan and Asia-Pacific in 2020 compared to 2019.

Research Findings & Coverage

Product Outline

The report analyzes the market for the key types of Astaxanthin (based on raw materials) including:

Major application areas of Astaxanthin analyzed in this study comprise the following:

Geographic Coverage

Synthetic Astaxanthin

Haematococcus Pluvialis Microalgae

Paracoccus Carotinifaciens Bacteria

KEY BUSINESS TRENDS

COMPANY PROFILES

Synthetic Astaxanthin

Natural Source Astaxanthin

Haematococcus Pluvialis Microalgae Astaxanthin Manufacturers

Cultivation Technology, Extraction and Other Services Providers

For more information about this report visit https://www.researchandmarkets.com/r/sz08cs

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Global Astaxanthin Market Report 2020: Sources, Technologies and Applications 2017-2026 - GlobeNewswire