Chicago, IL -- (SBWIRE) -- 07/27/2017 -- A pigment that belongs to carotenoids chemical group is called astaxanthin. Astaxanthin is actually occurs naturallyand is present in algae and marine plants. Due to presence of this pigment seafood such as shrimp, salmon, lobster, trout have red or pink color. This pigment finds its application in nutraceutical, food and aquaculture industry. Also, it is believed to be naturally found powerful antioxidants. It has no side effects as compared to other antioxidants that become body pro-oxidant. This pigment is produced with the help of chemical synthesis as well as through several natural sources such as Phaffia yeast, Haematococcus pluvialis microalgae, Paracoccus bacteria, and Shrimp bi-products.

The report on the global Astaxanthin market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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On the basis of region, the global market for astaxathin has been fragmented into Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these, North America region is leading the global market in terms of commercial production of this naturally occurring pigment, followed by Asia Pacific region. Significantly, countries like Japan, India and Israel is contributing major growth in the production of astaxanthin. Primarily, the consumption of this naturally occurring pigment namely, astaxanthin in salmon feed industry as well as in several other economies are anticipated to compel the market demand for astaxanthin. The growth of global astaxanthin market is quickly increasing with the budding demand in cosmetic and aquaculture industry.

MARKET SEGMENTATION

This report analyzes the astaxanthin market by the following segments:

Astaxanthin Market, by Application

1. Feed
2. Supplement
3. Food
4.Cosmetics

Astaxanthin Market, by Form

1. Dry
2. Liquid

Astaxanthin Market, by Source

1. Plants
2. Yeast & Microbes
3. Marine
4. Petroleum

Astaxanthin Market, by Method of Production

1. Microalgae cultivation
2. Fermentation
3. Extraction
4. Chemical synthesis

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