Global Astaxanthin Market worth US | PMI (prophecymarketinsights.com)
The report "Global Astaxanthin Market, By Product Type (Astaxanthin Rich Paracoccus Bacteria, Synthetic Astaxanthin, and Aematococcus Pluvialis Microalgae Astaxanthin), By Production Technology (Chemical Synthesis (Harvesting, Microalgae Cultivation, Astaxanthin Extraction, and Drying) and Bacteria Fermentation), By Application ( Food & Beverages, Cosmetics and Animal Health & Aquaculture, and Dietary Supplements), and Region - Global Forecast to 2029" Global astaxanthin market is projected to grow from US$ 1.2 billion in 2020 to US$ 4.9 billion by 2029. The use of astaxanthin in the cosmetic sector and aquaculture sector is the main propelling factor for the development of target market. Moreover, astaxanthin has ascertained useful treatment for the diseases such as cognitive dysfunction, parkinson’s disease, alzheimer's disease, is the driving factor for the development of target market. Furthermore, the increase in practice of naturally obtaining astaxanthin in different food nutrient is the another factor boost the global market growth. However, excessive dosage of astaxanthin leads to stomach pain which is the main limiting factor for the target market.