Microalgae Astaxanthin Market Definition
Microalgae astaxanthin covers astaxanthin, a crucial carotenoid extracted from the microalgae Haematococcus pluvialis and Chlorella zofingiensis biomass. Microalgae-derived astaxanthin is widely used to color food, animal and aquatic feed, and cosmetics. Astaxanthin also offers several health benefits, making it prevalent in the dietary supplements and pharmaceutical industries. It includes benefits such as protecting against lipid peroxidation and oxidative stress, lowering TG levels, increasing HDL-cholesterol, and protecting against DNA damage.
Structure
The microalgae astaxanthin market is segmented by type into haematococcus, spirulina, and others. Astaxanthin has applications in the supplements, medical, cosmetics, food & beverage, and feed industries. Leaders in the microalgae astaxanthin market include Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., Algalíf Iceland ehf., BGG, Atacama Bio Natural Products S.A., Yunnan Alphy Biotech Co., Ltd., Piveg, Inc., Jingzhou Natural Astaxanthin, Inc., AlgaTechnologies Ltd., Algamo s.r.o., Parry Nutraceuticals, and Biogenic Co., Ltd.
Additional Information
The market is growing due to widespread use in pisciculture as a lipid-soluble pigment added to culture sea bream, salmon, shrimp, and other economic fish. Natural astaxanthin positively affects the weight gain and immune response of aquatic animals. A rise in veganism and vegetarianism is also a significant factor driving growth in the market as consumers become more health-conscious and prefer natural alternatives over synthetic ones. In pharmaceuticals, astaxanthin is used to prevent or treat inflammation and oxidative stress. Astaxanthin is also being explored for its potential to mitigate Alzheimer’s disease, depression, Parkinson’s disease, neuropathic pain, and other related conditions.
Microalgae Astaxanthin Market Key Highlights:
