Astaxanthin Market Growth, Competitors Analysis And Business Opportunities 2020-2027

According to the current analysis of Reports and Data, the global Astaxanthin market was valued at USD 597.2 million in 2019 and is expected to reach USD 994.0 million by the year 2027, at a CAGR of 6.5%. Astaxanthin popularly taken as a supplement. It has been used safely in combination with other carotenoids, vitamins, and minerals at a considerable amount. Astaxanthin is a reddish pigment that belongs to a group of chemicals called carotenoids. It occurs naturally in certain algae and causes the pink or red color in salmon, trout, lobster, shrimp, and other seafood. Astaxanthin is consumed for treating Alzheimer's disease, Parkinson's disease, stroke, high cholesterol, liver diseases, age-related vision loss, and preventing tumors. It is also utilized in treating metabolic syndrome, which results in an increase in the risk of stroke and diabetes. It is also used for enhancing the overall workout performance, minimizing muscle damage after exercise, and diminishing muscle soreness after exercise. Moreover, astaxanthin is used to prevent sunburn, to improve sleep, and many other medical conditions.

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