In recent years, the astaxanthin market has shown a rapid growth trend. According to industry data surveys, China, as one of the world’s major astaxanthin markets, has seen its market share increase year by year. Between 2020 and 2023. the Chinese market size has reached RMB 250 million, and it is expected to maintain a rapid growth rate of 10.31% at an annual compound growth rate in the next few years, and the market size will increase to RMB 305 million by 2025. By 2030. the size of China’s astaxanthin market is expected to reach more than RMB 4 billion.
Technological innovation and product research and development are key factors driving the growth of the astaxanthin industry. Companies are continuously increasing their technological innovation efforts, improving production efficiency by introducing advanced production technologies and equipment, while strengthening product research and development and launching more new products that meet market demand. For example, by optimizing natural extraction methods, the yield and purity of astaxanthin can be increased, the use of harmful solvents can be reduced, and environmental pollution can be reduced.
Astaxanthin has broad application prospects in many fields, including health products, cosmetics, food additives, and aquaculture. In the food and beverage industry, astaxanthin, as a natural pigment and functional additive, has broad application prospects. In the cosmetics industry, astaxanthin is widely used in skin care products due to its antioxidant and anti-aging properties.