Astaxanthin is a member of
the xanthophyll family of carotenoids which is found in some marine
plants and animals. Also known as "the king of the carotenoids,"
it is acknowledged as one of the most powerful antioxidants present
in nature. Highest concentration of Astaxanthin is found in Pacific
sockeye salmon. It is also present in crab, algae, shrimp, krill, red
trout, and lobster. Commercial production of is from astaxanthin
Haematococcus pluviailis (HP). A hybrid system for photoautotrophic
cultivation of Haematococcus pluviailis comprises of a
photobioreactor (PBR) fence.
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Astaxanthin has various
health benefits such as supports cardiovascular health, supports
immune functioning, helps in protection of cells and nervous system
from oxidative damage and supports brain health. Astaxanthin has
excellent UV-light protection effect and antioxidant activity which
makes it an excellent enhancement for eye health care. Astaxanthin is
beneficial in lowering oxidative stress and improving blood flow in
smokers and weighty people. Astaxanthin is used for curing
Alzheimer's disease, Parkinson's disease, protection against cancer,
in boosting recovery after stroke, and in reducing skin damage from
ultraviolet (UV) light.
Astaxanthin Market TaxonomyOn the basis of source, the global Astaxanthin market is classified into:
-
Artificial
-
Natural
-
Food & Beverages
-
Pharmaceuticals
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Personal Care Products
Astaxanthin has powerful
UV-blocking properties that help protect human skin from sun related
damage. It is also beneficial in reducing wrinkles and in improving
skin moisture levels. Astaxanthin has natural anti-inflammatory
properties and natural forms of astaxanthin helps to block
inflammatory COX2 enzymes and also suppressing serum levels of
interleukin 1B, nitric oxide, C Reactive Protein (CRP), prostaglandin
E2 and TNF-alpha (tumor necrosis factor alpha). Astaxanthin is used
for the treatment of breast cancer, comprising of reduced growth of
breast cancer cells. Astaxanthin can enhance endurance and fatigue
levels after exercise and also helps in boosting the body's
consumption of fatty acids which helps prevent muscle and skeletal
damage.
Astaxanthin Market Outlook –
Increasing Pharmaceutical Applications to be the Major Market Driver
Asia Pacific and North
America are expected to be the most potential markets for Astaxanthin
manufacturers. Asia Pacific is projected to witness relatively high
growth in terms of value over the forecast period. This is mainly
attributed to the anticipated growth in pharmaceutical industry,
especially in developing countries such as China and India. According
to IBEF, US$ 55 billion will be generated by the Indian
pharmaceuticals industry by 2026. In addition to this, the growing
medical tourism in India has boosted the growth of succinic acid
market in the region. India Brand Equity Foundation (IBEF) is a Trust
established by the Ministry of Commerce and Industry, Department of
Commerce in collaboration with the Government of India with the
purpose of promoting and creating international awareness of goods
manufactured in India.
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Various applications of
Astaxanthin in pharmaceutical and personal care products are fueling
the growth of Astaxanthin market, especially in Asia Pacific and
Middle East regions. High production cost due to limited availability
of raw materials is one of the factors affecting the growth of
astaxanthin market globally. Mergers and acquisitions, developing
innovative portfolio are some of the key strategies adopted by the
top players in the global astaxanthin market. In Fenchem Biotek Ltd,
a leading provider of high-quality constituents for the cosmetics
industry expanded its cosmetic business in South American market. The
new plant has been set up in Sao Paulo, Brazil which also includes a
warehouse for optimizing supply chain. Some of the major companies
operating in the global astaxanthin market include BASF SE, Cyanotech
Corporation, IGENE, BGG (Beijing Ginko Group), Supreme
Biotechnologies NZ Ltd, Parry Nutraceuticals, DSM NV,
Algatechnologies Ltd., Yunnan Alphy Biotech Co., LTD., and Fenchem
Biotek Ltd.
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