Future is Fluid: Astaxanthin Market Booms with Smart Tech and Clean Design 2031 Forecast

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.

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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Top Developments:

In April 2023, Algalíf and Divis Nutraceuticals teamed up to introduce AstaBead™, a new product containing 5% natural astaxanthin in a tiny, protected oil-based form. This special beadlet improves how astaxanthin is delivered, making it more stable and easier for the body to absorb in health supplements.

Regulatory Framework Also Plays a Significant Role in Shaping the Market

In the U.S., the Food and Drug Administration (FDA) oversees the safety of dietary supplements containing astaxanthin. Manufacturers must adhere to the Dietary Supplement Health and Education Act (DSHEA) to ensure product safety and accurate labeling. Astaxanthin is generally recognized as safe (GRAS) when used appropriately.

List of Key Companies in Astaxanthin Market: