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Market Scope of Astaxanthin

May 20th, 2014 | No Comments | Posted in Algae, Algae Non fuel products

The  demand for natural astaxanthin is now emerging in the multi-billion dollar nutraceutical market.

The global astaxanthin market is estimated at about $257 million, most of which is used in fish coloration (2009 data; estimates by BCC Research for astaxanthin market size are however lower). The human uses market is growing and estimated at about $27-$40 million. Most astaxanthin is derived from the algae, H pluvialis, which is commonly consumed by fish and crustaceans – like salmon and lobster – and is responsible for their pink coloration.

Astaxanthin is principally consumed by the salmon feed industry. The annual worldwide aquaculture market of this pigment is estimated at US$ 200 million with an average price of US$ 2500/kg.

Source: http://astaxanthin.company/blog/market-scope-of-astaxanthin/

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