Europe Astaxanthin Market Size Worth USD 1,963.40 Million by 2034 | CAGR: 13.3%

The europe astaxanthin market size is expected to reach USD 1,963.40 million by 2034, according to a new study by Polaris Market Research. The report “Europe Astaxanthin Market Size, Share, Trends, Industry Analysis Report By Source (Natural, Synthetic), By Product, By Form, By Application, By Country – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Astaxanthin is a reddish pigment that is part of the carotenoid family. It is known for being a powerful antioxidant and is found naturally in certain microalgae, yeast, and various marine animals such as salmon, shrimp, and lobster. The substance is widely used in a number of industries, including nutraceuticals, cosmetics, and animal feed, where its potent properties are highly valued. Its unique molecular structure allows it to provide strong antioxidant protection, which makes it a sought-after ingredient for a wide range of health and wellness products.

The Europe astaxanthin market is seeing strong growth, driven by an increasing consumer focus on health and well-being. There is a rising demand for natural antioxidants and dietary supplements, and astaxanthin is a popular choice for these products due to its recognized benefits for skin, eye, and cardiovascular health. The market is also supported by the large aquaculture industry in Europe, which uses astaxanthin as a feed additive to improve the color and health of farmed fish. The cosmetics industry is another significant driver, using astaxanthin in anti-aging and skin care formulations. This wide variety of applications and increasing consumer awareness are key to the market's positive outlook.

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Europe Astaxanthin Market Report Highlights:

• By source, the natural astaxanthin segment held the largest share in 2024. The growth of the segment is mainly driven by a growing consumer preference for clean-label and natural ingredients. This is especially true for health-conscious consumers in Europe who are seeking out natural antioxidants and dietary supplements.
• Based on product, the dried algae meal or biomass segment held the largest share in 2024. This form is widely used by the large-scale animal feed and aquaculture industries, where its cost-effectiveness, stability, and ease of use in manufacturing make it the preferred choice for coloring and enriching fish feed.
• By form, the dry form segment held the largest share in 2024. This is due to its extensive use in the aquaculture sector and other industrial applications where its practicality, long shelf life, and ease of handling in large quantities make it the most suitable option.
• By application, the aquaculture and animal feed segment held the largest share in 2024. Astaxanthin is a key component in feed for farmed fish and crustaceans, where it is essential to provide the natural-looking reddish color that is highly valued by consumers.
• By country, Germany leads the European market due to its advanced biotechnology and strong focus on scientific research, which supports the production of high-quality astaxanthin. The country also has a growing demand for natural, health-focused products in its nutraceuticals and cosmetics sectors. Spain is projected to be the fastest-growing country in the European market for astaxanthin.
• A few key players in the Europe astaxanthin market include AstaReal AB, Algatech Ltd., Cyanotech Corporation, BASF SE, and Koninklijke DSM N.V., Algalíf Iceland ehf., Algamo, and Divi’s Laboratories Ltd.

Polaris Market Research has segmented the Europe astaxanthin market report based on source, product, form, application, and country:

By Source Outlook (Revenue – USD Million, 2020–2034)

• Natural
• Synthetic

By Product Outlook (Revenue – USD Million, 2020–2034)

• Dried Algae Meal or Biomass
• Oil
• Softgel
• Liquid
• Others

By Form Outlook (Revenue – USD Million, 2020–2034)

• Dry Form
• Liquid Form

By Application Outlook (Revenue – USD Million, 2020–2034)

• Nutraceuticals
• Cosmetics
• Aquaculture and Animal Feed
• Food
• Others

By Country Outlook (Revenue – USD Million, 2020–2034)

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe