LAMEA Astaxanthin Market Size, Share & Industry Trends Analysis Report By Product (Dried Algae Meal Or Biomass, Softgel, Oil, Liquid), By Source (Natural and Synthetic), By Natural Type, By Application, By Country and Growth Forecast, 2022 - 2028

The Latin America, Middle East and Africa Astaxanthin Market would witness market growth of 18.4% CAGR during the forecast period (2022-2028).

Presently, the highest number of studies demonstrate the issue of incorporation of astaxanthin in a system of Nano-dispersion. Because of the stability, water solubility, large bioavailability, and ease of processing of the Nano dispersion system, it is expected Nano-dispersion system will be helpful in several food and pharmaceutical applications.

The presence of astaxanthin and various carotenoid in seafood and another environment basically leads to the generation of oil in water. The major process required is the protection of the dispersion of astaxanthin from molecular adjustment and destruction. Several types of research have shown that water solubility, high stability, and large bioavailability of astaxanthin dispersion can be effortlessly attained by encapsulation technologies.

With a huge quantity of health concerns, people are highly interested in natural food coloring agents with fewer side effects, compared to other chemical products which could act as market growth agents. The rising demand for astaxanthin is anticipated to rise because of its several uses in the pharmaceutical, nutraceutical, and feed industries. Additionally, the exceptional color and properties related to astaxanthin will raise its usage of it in aquaculture industries, food coloring methods, and others.

Nutracosmetics demand in Saudi Arabia is growing rapidly due to the nation’s increasing population who is supported by the high-income levels. With aim to satisfy consumer demand, the cosmetic manufacturers are introducing such products more frequently. The increasing popularity of luxury brands is anticipated to impact the Saudi Arabian nutracosmetic industry positively. Saudi Arabia has strict laws governing halal cosmetics. As a result, customers are becoming more aware of the availability of halal & vegan cosmetics nutracosmetics. Due to this, many companies are working hard to give vegan skin care products to build their brands. Due to this, consumers tend to keep current, which in turn aids the Saudi Arabia nutracosmetics industry to expand.

The Brazil market dominated the LAMEA Astaxanthin Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $77.8 million by 2028.The Argentina market is experiencing a CAGR of 19% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18% during (2022 - 2028).

Based on Product, the market is segmented into Dried Algae Meal Or Biomass, Softgel, Oil, Liquid and Others. Based on Source, the market is segmented into Natural and Synthetic. Based on Natural Type, the market is segmented into Yeast, Microalgae, Krill/Shrimp and Others. Based on Application, the market is segmented into Aquaculture & Animal Feed, Nutraceuticals, Cosmetics, Food and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Astaxanthin Market is Predict to reach $4.4 Billion by 2028, at a CAGR of 15%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include E.I.D. Parry Limited (Murugappa Group), Cyanotech Corporation, ENEOS Corporation (Eneos Holdings), Algatech Ltd. (Solabia Group), MicroA AS, Beijing Gingko Group, Algalif Iceland ehf, Piveg, Inc., Fuji Chemical Industries Co., Ltd., and Atacama Bio Natural Products S.A.

Scope of the Study

Market Segments Covered in the Report:

By Product

• Dried Algae Meal Or Biomass
• Softgel
• Oil
• Liquid
• Others

By Source

• Natural
  • Yeast
  • Microalgae
  • Krill/Shrimp
  • Others
• Synthetic

By Application

• Aquaculture & Animal Feed
• Nutraceuticals
• Cosmetics
• Food
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• E.I.D. Parry Limited (Murugappa Group)
• Cyanotech Corporation
• ENEOS Corporation (Eneos Holdings)
• Algatech Ltd. (Solabia Group)
• MicroA AS
• Beijing Gingko Group
• Algalif Iceland ehf
• Piveg, Inc.
• Fuji Chemical Industries Co., Ltd.
• Atacama Bio Natural Products S.A.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Astaxanthin Market, by Product
1.4.2 LAMEA Astaxanthin Market, by Source
1.4.3 LAMEA Astaxanthin Market, by Application
1.4.4 LAMEA Astaxanthin Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. LAMEA Astaxanthin Market by Product
3.1 LAMEA Dried Algae Meal Or Biomass Market by Country
3.2 LAMEA Softgel Market by Country
3.3 LAMEA Oil Market by Country
3.4 LAMEA Liquid Market by Country
3.5 LAMEA Others Market by Country

Chapter 4. LAMEA Astaxanthin Market by Source
4.1 LAMEA Natural Market by Country
4.2 LAMEA Astaxanthin Market by Natural Type
4.2.1 LAMEA Yeast Market by Country
4.2.2 LAMEA Microalgae Market by Country
4.2.3 LAMEA Krill/Shrimp Market by Country
4.2.4 LAMEA Others Market by Country
4.3 LAMEA Synthetic Market by Country

Chapter 5. LAMEA Astaxanthin Market by Application
5.1 LAMEA Aquaculture & Animal Feed Market by Country
5.2 LAMEA Nutraceuticals Market by Country
5.3 LAMEA Cosmetics Market by Country
5.4 LAMEA Food Market by Country
5.5 LAMEA Others Market by Country

Chapter 6. LAMEA Astaxanthin Market by Country
6.1 Brazil Astaxanthin Market
6.1.1 Brazil Astaxanthin Market by Product
6.1.2 Brazil Astaxanthin Market by Source
6.1.2.1 Brazil Astaxanthin Market by Natural Type
6.1.3 Brazil Astaxanthin Market by Application
6.2 Argentina Astaxanthin Market
6.2.1 Argentina Astaxanthin Market by Product
6.2.2 Argentina Astaxanthin Market by Source
6.2.2.1 Argentina Astaxanthin Market by Natural Type
6.2.3 Argentina Astaxanthin Market by Application
6.3 UAE Astaxanthin Market
6.3.1 UAE Astaxanthin Market by Product
6.3.2 UAE Astaxanthin Market by Source
6.3.2.1 UAE Astaxanthin Market by Natural Type
6.3.3 UAE Astaxanthin Market by Application
6.4 Saudi Arabia Astaxanthin Market
6.4.1 Saudi Arabia Astaxanthin Market by Product
6.4.2 Saudi Arabia Astaxanthin Market by Source
6.4.2.1 Saudi Arabia Astaxanthin Market by Natural Type
6.4.3 Saudi Arabia Astaxanthin Market by Application
6.5 South Africa Astaxanthin Market
6.5.1 South Africa Astaxanthin Market by Product
6.5.2 South Africa Astaxanthin Market by Source
6.5.2.1 South Africa Astaxanthin Market by Natural Type
6.5.3 South Africa Astaxanthin Market by Application
6.6 Nigeria Astaxanthin Market
6.6.1 Nigeria Astaxanthin Market by Product
6.6.2 Nigeria Astaxanthin Market by Source
6.6.2.1 Nigeria Astaxanthin Market by Natural Type
6.6.3 Nigeria Astaxanthin Market by Application
6.7 Rest of LAMEA Astaxanthin Market
6.7.1 Rest of LAMEA Astaxanthin Market by Product
6.7.2 Rest of LAMEA Astaxanthin Market by Source
6.7.2.1 Rest of LAMEA Astaxanthin Market by Natural Type
6.7.3 Rest of LAMEA Astaxanthin Market by Application

Chapter 7. Company Profiles
7.1 E.I.D. Parry Limited (Murugappa Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Acquisitions, Mergers and Joint Ventures:
7.2 Cyanotech Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent Strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.3 ENEOS Corporation (Eneos Holdings)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Algatech Ltd. (Solabia Group)
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 MicroA AS
7.5.1 Company Overview
7.6 Beijing Gingko Group
7.6.1 Company Overview
7.7 Algalif Iceland ehf
7.7.1 Company Overview
7.8 Fuji Chemical Industries Co., Ltd.
7.8.1 Company Overview
7.9 Piveg, Inc.
7.9.1 Company Overview
7.10. Atacama Bio Natural Products S.A.
7.10.1 Company Overview

TABLE 1 LAMEA Astaxanthin Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Astaxanthin Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 4 LAMEA Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 5 LAMEA Dried Algae Meal Or Biomass Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Dried Algae Meal Or Biomass Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Softgel Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Softgel Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Oil Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Oil Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Liquid Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Liquid Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 16 LAMEA Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 17 LAMEA Natural Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Natural Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Yeast Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Yeast Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Microalgae Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Microalgae Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Krill/Shrimp Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Krill/Shrimp Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Synthetic Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Synthetic Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 32 LAMEA Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 33 LAMEA Aquaculture & Animal Feed Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Aquaculture & Animal Feed Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Nutraceuticals Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Nutraceuticals Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Cosmetics Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Cosmetics Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Food Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Food Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Astaxanthin Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Astaxanthin Market by Country, 2022 - 2028, USD Million
TABLE 45 Brazil Astaxanthin Market, 2018 - 2021, USD Million
TABLE 46 Brazil Astaxanthin Market, 2022 - 2028, USD Million
TABLE 47 Brazil Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 48 Brazil Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 49 Brazil Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 50 Brazil Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 51 Brazil Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 52 Brazil Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 53 Brazil Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 54 Brazil Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 55 Argentina Astaxanthin Market, 2018 - 2021, USD Million
TABLE 56 Argentina Astaxanthin Market, 2022 - 2028, USD Million
TABLE 57 Argentina Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 58 Argentina Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 59 Argentina Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 60 Argentina Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 61 Argentina Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 62 Argentina Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 63 Argentina Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 64 Argentina Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 65 UAE Astaxanthin Market, 2018 - 2021, USD Million
TABLE 66 UAE Astaxanthin Market, 2022 - 2028, USD Million
TABLE 67 UAE Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 68 UAE Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 69 UAE Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 70 UAE Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 71 UAE Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 72 UAE Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 73 UAE Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 74 UAE Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Astaxanthin Market, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Astaxanthin Market, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 85 South Africa Astaxanthin Market, 2018 - 2021, USD Million
TABLE 86 South Africa Astaxanthin Market, 2022 - 2028, USD Million
TABLE 87 South Africa Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 88 South Africa Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 89 South Africa Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 90 South Africa Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 91 South Africa Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 92 South Africa Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 93 South Africa Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 94 South Africa Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 95 Nigeria Astaxanthin Market, 2018 - 2021, USD Million
TABLE 96 Nigeria Astaxanthin Market, 2022 - 2028, USD Million
TABLE 97 Nigeria Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 98 Nigeria Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 99 Nigeria Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 100 Nigeria Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 101 Nigeria Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 102 Nigeria Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 103 Nigeria Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 104 Nigeria Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Astaxanthin Market, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Astaxanthin Market, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Astaxanthin Market by Product, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Astaxanthin Market by Product, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Astaxanthin Market by Source, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Astaxanthin Market by Source, 2022 - 2028, USD Million
TABLE 111 Rest of LAMEA Astaxanthin Market by Natural Type, 2018 - 2021, USD Million
TABLE 112 Rest of LAMEA Astaxanthin Market by Natural Type, 2022 - 2028, USD Million
TABLE 113 Rest of LAMEA Astaxanthin Market by Application, 2018 - 2021, USD Million
TABLE 114 Rest of LAMEA Astaxanthin Market by Application, 2022 - 2028, USD Million
TABLE 115 Key Information – E.I.D. Parry Limited
TABLE 116 Key Information – Cyanotech Corporation
TABLE 117 Key Information – ENEOS Corporation
TABLE 118 Key Information – Algatechnologies Ltd.
TABLE 119 Key Information – MicroA AS
TABLE 120 Key Information – Beijing Gingko Group
TABLE 121 Key Information – Algalif Iceland ehf.
TABLE 122 Key Information – Fuji Chemical Industries Co., Ltd.
TABLE 123 Key Information – Piveg, Inc.
TABLE 124 Key Information – Atacama Bio Natural Products S.A.

List of Figures
FIG 1 Methodology for the research