India Astaxanthin Market Size & Outlook, 2026-2033
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India astaxanthin market highlights
- The India astaxanthin market generated a revenue of USD 62.9 million in 2025 and is expected to reach USD 160.3 million by 2033.
- The India market is expected to grow at a CAGR of 11.7% from 2026 to 2033.
- In terms of segment, natural was the largest revenue generating source in 2025.
- Natural is the most lucrative source segment registering the fastest growth during the forecast period.
Astaxanthin market data book summary
| Market revenue in 2025 | USD 62.9 million |
| Market revenue in 2033 | USD 160.3 million |
| Growth rate | 11.7% (CAGR from 2026 to 2033) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Natural |
| Key market players worldwide | Alvotech, Cyanotech Corp, Beijing Jingneng Clean Energy Co Ltd Class H, ENEOS Holdings Inc, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, India accounted for 3.2% of the global astaxanthin market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China astaxanthin market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 160.3 million by 2033.
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Astaxanthin Market Scope
Astaxanthin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ENEOS Holdings Inc | View profile | 57625 | 1-2 Otemachi 1-chome, Chiyoda-ku, Tokyo, Japan | https://www.hd.eneos.co.jp |
| Beijing Jingneng Clean Energy Co Ltd Class H | View profile | 3301 | No. 6 Xibahe Road, 7/8/9 Floor, Chaoyang District, Beijing, China, People's Republic of, 100028 | https://www.jncec.com |
| Cyanotech Corp | View profile | 86 | 73-4460 Queen Kaahumanu Highway, Suite 102, Kailua-Kona, HI, United States, 96740 | https://www.cyanotech.com |
| Alvotech | View profile | 999 | 9, rue de Bitbourg, Luxembourg, Luxembourg, L-1273 | https://www.alvotech.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
India astaxanthin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to astaxanthin market will help companies and investors design strategic landscapes.
Natural was the largest segment with a revenue share of 69.48% in 2025. Horizon Databook has segmented the India astaxanthin market based on synthetic, natural covering the revenue growth of each sub-segment from 2021 to 2033.
The presence of stringent regulatory guidelines by the Food Safety and Standards Authority of India (FSSAI) in India, which focuses on the safety of ingredients used in supplements, has attracted consumers toward dietary supplements.
Increase in investments by foreign and private investors is expected to contribute to market growth. FSSAI has approved natural astaxanthin as a nutraceutical ingredient under FSSAI gazette notification. This approval allows pharmaceutical and nutraceutical companies to use natural astaxanthin as an ingredient in the formation of nutraceutical and dietary supplements.
Moreover, foreign companies are expanding their production facilities in India to boost the production of astaxanthin. For instance, in December 2018, Puremagic Ltd. (an Israeli company) and the Uttarakhand government entered into an agreement to farm & process astaxanthin derived from algae.
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Horizon Databook provides a detailed overview of country-level data and insights on the India astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into India astaxanthin market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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India astaxanthin market size, by source, 2021-2033 (US$M)
India Astaxanthin Market Outlook Share, 2025 & 2033 (US$M)
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