(PharmaNewsWire.Com, July 19, 2023 ) As per Maximize Market research, the total global Astaxanthin Market was USD 769.56 Mn in 2022 and is expected to grow at a CAGR of 8.54 percent over the forecast period to reach USD 1365.75 Mn by 2029.
Astaxanthin Market Report Scope and Research Methodology
The report includes a detailed analysis of the factors affecting the Astaxanthin Market. It covers all the major aspects of the industry with an in-depth study of Astaxanthin key players including new entrants, followers and new entrants. The bottom-up approach was used to estimate the Astaxanthin market size while SWOT analysis was employed to provide the strengths and weaknesses of the market.
The rising awareness among consumers of the health benefits associated with astaxanthin such as its potent antioxidant properties and astaxanthin potential to support cardiovascular health, immune function and eye health is driving the growth of the market.
Astaxanthin Market Regional Insights
The European Astaxanthin Market is majorly growing because of the increasing demand for natural ingredients and clean labels market. The UK, Germany and France are the countries majorly contributing to the market growth.
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