Astaxanthin Market Is Anticipated To Grow Hastily Due To Growing Demand For Natural Food Coloring Agents Till 2025: Grand View Research, Inc.
The global astaxanthin market is expected to reach USD 2.57 billion by 2025, according to a new report by Grand View Research, Inc. Adoption of advanced technologies in various stages of natural astaxanthin production, such as microalgae harvesting, cultivation, extraction, and drying, have been major factors driving market growth. Moreover, awareness about health benefits, safety, and potential uses of astaxanthin is another driving force. Rising geriatric population is estimated to result in an increase in the demand for cosmetics such as antiageing creams and antioxidant products for improving aesthetic appeal. Astaxanthin has been reported in many studies for its high antioxidant and skin-friendly properties. Due to this, many cosmeceutical manufacturers and wellness spa owners are using it in new products and associated therapies, which is also estimated to drive demand. U.S. astaxanthin market by product, 2014 - 2025 (USD Million) Browse ful...