Global Carotenoids Market 2021 Focusing on Industry Growth and Emerging Trends briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
The global astaxanthin market size is expected to reach USD 4.06 billion by 2028
Owing to its inflammatory properties it helps in pain reduction in joints, muscles, and tendons in patients suffering from chronic arthritis. Moreover, the rising prevalence of cognitive health disorders, diabetes, and cardiovascular diseases is also expected to favor market growth for astaxanthin. Astaxanthin helps in continuous blood flow in patients suffering from diabetes and high blood pressure.
In 2020, the natural market segment of the astaxanthin industry held the largest share and is likely to grow at a rapid pace over the assessment period. It is produced from naturally produced algae and yeasts and is largely popular in the biotechnology market, owing to its huge demand in pharmaceutical, feed, and nutraceuticals fields. Moreover, high carotenoid content, low maintenance cost, and rising demand for natural food supplements also boosting the market segment demand over the coming years.