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Over the past decade, the demand for astaxanthin, particularly from the skin biology sector, has witnessed considerable growth. Traditionally, astaxanthin is obtained by chemical synthesis and despite a spike in interest in other production technologies including bacterial fermentation.
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Follow us: Astaxanthin Market Report Id : TMR-GL-16172 Category : Food & Beverages Published Date: 2020-03-26 www.transparencymarketresearch.com I www.transparencymarketresearch.com I //twitter.com/research_market I © 2021 Transparency Market Research, All Rights Reserved © 2021 Transparency Market Research, All Rights Reserved //twitter.com/research_market I /company/transparency-market-research /company/transparency-market-research
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Research Methodology (1/2) Follow us: Systematic Research Approach Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Market profiling Food & Beverages 2 Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain TMR formulates a detailed discussion guide to conduct expert and industry interviews Formulating discussion guide 3 TMR develops a list of industry players (manufacturers), distributors, retailers and industry experts A Developing list of respondents Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions 4 B TMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C 5 Data method, wherein secondary, primary and TMR analysis contribute to the final data is validated by triangulation Company Analysis Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative insights about the industry Paid Publications# Secondary Research # Primary Research# and quantitative Data analysis Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater # includes sources of 7 TMR delivers industry insights and information in the required format (PDF) Insights databases www.transparencymarketresearch.com I //twitter.com/research_market I © 2021 Transparency Market Research, All Rights Reserved /company/transparency-market-research 3
Astaxanthin Market Analysis Follow us: The latest market forecast report published by Transparency Market Research on the astaxanthin market includes global industry analysis and opportunity assessment for 2020-2030. Revenue generated from the global astaxanthin market has been estimated to be valued at ~US$ 633 Mn in 2020, which is projected to increase at a CAGR of ~8%, to reach US$ 1.3 Bn by 2030. Food & Beverages As per studies conducted and research carried out on astaxanthin, it is potentially safe for use with very less side effects on human body and animals when consumed in any form such as tablets, soft gel, capsules, liquid, and powder The amount of astaxanthin found in whole food sources is generally safe and can be consumed with minimal risk of side effects. Potential side effects that may occur with supplementation include hormone changes, increased skin pigmentation, hair growth, and altered levels of calcium. In supplement form, however, it has been associated with some mild adverse symptoms as mentioned above. Request Sample Copy of this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16172 Various clinical trials are performed to check the side effects of astaxanthin on its end users and if its consumption affects the applicant adversely, but as of now, no such adverse side effect of the product is found. Thus, astaxanthin is possibly safe when taken orally as a supplement. As a result of this, the demand for astaxanthin is increasing in the market. www.transparencymarketresearch.com I //twitter.com/research_market I © 2021 Transparency Market Research, All Rights Reserved /company/transparency-market-research 4
Astaxanthin Market Analysis Follow us: Reports available at discounted prices for first-time buyers! Offer expires soon! Astaxanthin: Market Frontrunners North America is estimated to dominate the overall market with ~23% share, which is expected to increase at a CAGR of 9.7% by the end of 2030 The key players operating in the astaxanthin market are providing products for a variety of applications. The aquaculture and animal feed accounts for the majority of the share of the market. During the forecast period, food & beverages application segment is anticipated to expand positively at CAGR of 9.3%. With increase in the demand for natural ingredients, the bacterial fermentation technology is implemented to produce astaxanthin Producers and leading manufacturers of astaxanthin are launching various initiatives to spread awareness about the product and its use in treating various health concerns The Astaxanthin Market study provides an in-depth understanding. Food & Beverages By Region North America Latin America Europe East Asia South Asia Oceania MEA www.transparencymarketresearch.com I //twitter.com/research_market I © 2021 Transparency Market Research, All Rights Reserved /company/transparency-market-research 5
Astaxanthin Market Follow us: Comprehensive SWOT analysis of established market players is provided in the report along with critical data including the sales strategy, marketing strategy and pricing strategy adopted by each market player. Astaxanthin Market segments covered in the report: By Application Type Aquaculture & Animal Feed Pharmaceuticals Dietary Supplements Ask An Methodology: https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=16172 The regional assessment section throws light on the market scenario in different geographies along with relevant graphs, figures, and list of tables. leading companies Algatechnologies Ltd. Algaecan Biotech Ltd. Archer Daniels Midland Co. (ADM) BASF SE BGG (Beijing Gingko Group) Cardax, Inc. www.transparencymarketresearch.com I //twitter.com/research_market I © 2021 Transparency Market Research, All Rights Reserved /company/transparency-market-research 6
Astaxanthin Market Follow us: Astaxanthin Market: Strategies The growing personal care and self-grooming trends among consumers is leading to escalating demand for cosmetics and personal care products. The increasing need for self-grooming products is bolstering the demand for astaxanthin that is enriched with vital vitamins and minerals; that prevents from deformities of skin, including dryness, sunburn, and roughness among other. It also prevents from ageing. Suppliers are entering into long-term contracts with astaxanthin-based product manufacturers to avoid increase in product prices, and astaxanthin suppliers/retailers also focus on entering into long-term contracts as it helps them sustain Ensuring superior product quality, and adherence to good manufacturing and ethical distribution practices are followed diligently by manufacturers to maintain competitive edge in the market Click here to Order a free sample www.transparencymarketresearch.com I //twitter.com/research_market I © 2021 Transparency Market Research, All Rights Reserved /company/transparency-market-research 7
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