Astaxanthin Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Astaxanthin Market Report is Segmented by Type (Natural and Synthetic), Form (Liquid and Powder), Application (Food and Beverages, Dietary Supplements, Animal Feed, Cosmetics, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Sizes and Forecasts in Value Terms (USD) for all the Abovementioned Segments.

Astaxanthin Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Astaxanthin Market Size

Astaxanthin Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 2.26 Billion
Market Size (2030) USD 3.00 Billion
CAGR (2025 - 2030) 5.80 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Astaxanthin Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Astaxanthin Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Astaxanthin Market Analysis

The Astaxanthin Market size is estimated at USD 2.26 billion in 2025, and is expected to reach USD 3.00 billion by 2030, at a CAGR of 5.8% during the forecast period (2025-2030).

A growing number of health-conscious individuals are more inclined toward natural food coloring agents with lesser adverse effects than other chemical products, which is an important driver for market growth. The demand for astaxanthin is expected to increase due to its multiple applications in the pharmaceutical, nutraceutical, and feed industries, among others. Also, the unique color and properties associated with astaxanthin have led to its increased use in commercial aquaculture, food coloring, and other applications.

Moreover, the increasing adoption of nutrition-rich products is driving the nutraceuticals industry at a significant rate. Hence, the demand for astaxanthin-based nutritional products is increasing worldwide. The increasing adoption of novel technologies to boost the production of astaxanthin is anticipated to propel growth over the forecast period. For instance, in 2022, ALGAMO produced photo-bioreactors and micro-modules to create astaxanthin while minimizing water waste and saving electricity.

Additionally, ongoing scientific research continues to uncover new benefits and applications for astaxanthin, driving innovation and expanding its use in various industries. Such initiatives help validate its efficacy and attract more consumers.

Astaxanthin Industry Overview

The global astaxanthin market has many players and is highly competitive. The market is dominated by global players; however, there is a significant presence of regional players. The key brands are embarking on expansions, mergers and acquisitions, and new product development as some of their key strategies, along with enhancing growth through investing, consolidating, and optimizing their offerings. For instance, in June 2023, a significant partnership emerged between a nutraceutical company and an aquaculture company, focusing on sourcing astaxanthin from responsibly farmed microalgae. This collaboration aims to establish a consistent and environmentally friendly supply chain for this valuable nutraceutical ingredient. Major players in the market are AstaReal Holdings Co. Ltd, KeyNatura, and BGG (Beijing Ginko Group), among others.

Astaxanthin Market Leaders

  1. Cyanotech Corporation

  2. Beijing Ginko Group

  3. Koninklijke DSM N.V.

  4. ENEOS Holdings, Inc.

  5. BASF SE

  6. *Disclaimer: Major Players sorted in no particular order
Astaxanthin Market Concentration
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Astaxanthin Market News

  • May 2024: US-based Divi's Nutraceuticals launched AstaBead, a product of sustainable natural astaxanthin beadlets, at Vitafoods 2024 in Switzerland. AstaBead is a collaboration between Divi’s and Algalif and uses Algalif's Iceland-based production process that uses 100% renewable energy.
  • April 2024: US-based chemical vendor Alfa Chemistry announced the launch of a series of premium natural astaxanthin ingredients to improve health and well-being.
  • February 2024: AstaReal, a Swedish astaxanthin company, announced that it had rebranded its Astaxin Original product and plans to launch a vegan version in Europe in the near future. AstaReal also gave nutraceutical companies a first look at the rebranded product at Fi Europe in Frankfurt at the end of 2023.
  • April 2023: AstaReal partnered with i-ingredients, a distributor of specialty ingredients, to meet the growing demand for natural astaxanthin. i-ingredients also offers formulation, regulatory support, and contract manufacturing capabilities.

Astaxanthin Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Growing Demand for Natural Ingredients in Food and Cosmetics
    • 4.1.2 Increasing Awareness of Health Benefits of Astaxanthin
  • 4.2 Market Restraints
    • 4.2.1 Limited Supply of Natural Astaxanthin Compared to Demand
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Natural
    • 5.1.2 Synthetic
  • 5.2 Form
    • 5.2.1 Liquid
    • 5.2.2 Powder
  • 5.3 Application
    • 5.3.1 Food and Beverages
    • 5.3.2 Dietary Supplements
    • 5.3.3 Animal Feed
    • 5.3.4 Cosmetics
    • 5.3.5 Other Applications
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Spain
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 Germany
    • 5.4.2.4 France
    • 5.4.2.5 Italy
    • 5.4.2.6 Russia
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 South Africa
    • 5.4.5.2 Saudi Arabia
    • 5.4.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Beijing Ginko Group (BGG)
    • 6.3.2 Fuji Chemical Industries Co. Ltd
    • 6.3.3 Cyanotech Corporation
    • 6.3.4 Koninklijke DSM NV
    • 6.3.5 BASF SE
    • 6.3.6 Divi's Laboratories Ltd.
    • 6.3.7 ENEOS Holdings Inc.
    • 6.3.8 Biogenic Co. Ltd
    • 6.3.9 Otsuka Holdings Co. Ltd
    • 6.3.10 Alga Technologies Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Astaxanthin Industry Segmentation

Astaxanthin is a blood-red pigment and is produced naturally in the freshwater microalgae Haematococcus pluvialis and the yeast fungus Xanthophyllomyces dendrorhous, among others. When algae are stressed by lack of nutrients, increased salinity, or excessive sunshine, it creates astaxanthin. The global astaxanthin market is segmented by type into natural and synthetic. By form, the market is segmented into liquid and power. By application, the market is segmented into food and beverage, dietary supplements, animal feed, cosmetics, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizing has been done in value terms (USD) for all the abovementioned segments.

Type Natural
Synthetic
Form Liquid
Powder
Application Food and Beverages
Dietary Supplements
Animal Feed
Cosmetics
Other Applications
Geography North America United States
Canada
Mexico
Rest of North America
Europe Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
Rest of Middle East and Africa
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Astaxanthin Market Research FAQs

How big is the Astaxanthin Market?

The Astaxanthin Market size is expected to reach USD 2.26 billion in 2025 and grow at a CAGR of 5.80% to reach USD 3.00 billion by 2030.

What is the current Astaxanthin Market size?

In 2025, the Astaxanthin Market size is expected to reach USD 2.26 billion.

Who are the key players in Astaxanthin Market?

Cyanotech Corporation, Beijing Ginko Group, Koninklijke DSM N.V., ENEOS Holdings, Inc. and BASF SE are the major companies operating in the Astaxanthin Market.

Which is the fastest growing region in Astaxanthin Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Astaxanthin Market?

In 2025, the North America accounts for the largest market share in Astaxanthin Market.

What years does this Astaxanthin Market cover, and what was the market size in 2024?

In 2024, the Astaxanthin Market size was estimated at USD 2.13 billion. The report covers the Astaxanthin Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Astaxanthin Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Astaxanthin Industry Report

Statistics for the 2025 Astaxanthin market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Astaxanthin analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.