Astaxanthin is reddish, naturally occurring, and powerful carotenoid pigment found in particular marine plants as well as animals. Astaxanthin is present in its maximum natural concentration in wild Pacific sockeye salmon. It is also present in algae, krill, shrimp, red trout, lobsters, and crab. It is one of the best natural antioxidants. It helps fight various health problems such as fatigue, joint pain, vision issues, and skin-related issues.
Other key functions include:
• Protecting the nervous system and cells from oxidative damage
• Supporting cardiovascular health
• Supporting immune system
• Supporting brain health
Breakthrough Anti-aging Therapy using Astaxanthin
Owing to its many benefits, astaxanthin finds application in aquaculture and animal feed, cosmetics, nutraceuticals, and others. Rising demand for anti-aging creams and products is likely to benefit the cosmetics industry as a key application segment.
The John A. Burns School of Medicine of the University of Hawaii and Cardax Inc., Honolulu-based life sciences company, recently announced the results of their study assessing the use of astaxanthin in anti-aging therapy. The astaxanthin compound CDX-085 by Cardax showed capacity to considerably enhance the expression of the gene FOX03, which has an important role in longevity.
Market Overview
According to findings of a report by Grand View Research, Inc., the worldwide astaxanthin market is estimated to showcase rapid growth during the forecast period (from 2017 to 2025), reaching a value of USD 2.57 billion by 2025. Increased awareness about various health benefits and potential uses of astaxanthin is expected to help market expansion.
In addition, due to growing geriatric population, demand for cosmetics such as antioxidant products and anti-aging creams to enhance aesthetic appeal have increased. This factor is anticipated to boost the growth of the market over the next few years.
JX Nippon Oil and Energy Corp; Heliae Development, LLC; BlueOcean NutraSciences, Inc.; Fuji Chemical Industry Co., Ltd.; EID-Parry (India) Ltd.; and Cyanotech Corp. are some of the prominent companies operating in the worldwide astaxanthin market. These major companies are implementing strategies such as using new production technologies to gain the top market position.
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