Industry Experts, Inc. published an updated 2018 version of the exclusive comprehensive global market report on Astaxanthin. The new report entitled "Global Astaxanthin Market – Sources, Technologies and Applications" reveals that the global market for Astaxanthin is forecast to cross 360 metric tons in 2018.
Astaxanthin is 550 times stronger than vitamin E, and 6,000 times stronger than vitamin C in regard to antioxidant power. Due to its powerful antioxidant properties, astaxanthin proved to have benefits on various health conditions including inflammation, diabetics, cardiovascular, vision and CNS conditions. Astaxanthin has been widely used in aquaculture industry for pigmentation of salmon, trout and shrimps; used for its antioxidant and other health benefits in nutraceutical industry; used in cosmetics for its skin care and anti-aging properties; and also used for fortification of foods and beverages.
The global nutraceuticals industry is estimated to have consumed the largest volume of Haematococcus pluvialis (H. pluvialis) microalgae natural astaxanthin in 2017 accounting for 54.8% which is likely to reach 190 metric tons by 2024. However, the emerging market of Food & Beverages for H. pluvialis microalgae astaxanthin consumption will witness the fastest CAGR between the period 2017 and 2024.
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