Astaxanthin Market: Industry Trends, Market Segments, Landscape, Analysis and Forecast – 2027
Market Overview The global astaxanthin market will grow at a CAGR of 7.7% during the forecast period till 2026. The market for astaxanthin is set to reach US$1,206.52 million by 2026. As per astaxanthin analysts, the global market is anticipated to witness growth owing to the factors such as applications in several industries as well as the growing demand for functional foods and beverages. However, the astaxanthin market will face challenges and restraints due to the high cost of the production and the arrival of substitutes during the forecast period till 2026. Key Players: Astaxanthin has seen tremendous growth, due to growing focus on preventive healthcare and the wide application range of astaxanthin. However, high production cost and unfavorable government policies would challenge organizations active in the astaxanthin market. Furthermore, businesses using growth strategies to stay ahead in the global astaxanthin market are expected to help the market during the forecast perio