Thailand Astaxanthin Market Size & Outlook, 2026-2033
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Thailand astaxanthin market highlights
- The Thailand astaxanthin market generated a revenue of USD 14.0 million in 2025 and is expected to reach USD 34.6 million by 2033.
- The Thailand market is expected to grow at a CAGR of 11.2% 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 14.0 million |
| Market revenue in 2033 | USD 34.6 million |
| Growth rate | 11.2% (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, Thailand accounted for 0.7% 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 |
Thailand 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 67.86% in 2025. Horizon Databook has segmented the Thailand astaxanthin market based on synthetic, natural covering the revenue growth of each sub-segment from 2021 to 2033.
The astaxanthin market in Thailand is still in its nascent stage. However, there is an increasing interest in astaxanthin due to its numerous health benefits, and the market was expected to grow rapidly in the coming years.
Overall, the astaxanthin market in Thailand is expected to witness significant growth in the coming years, owing to increasing consumer awareness about the health benefits of astaxanthin and rising demand for natural & organic products.
Major players in the market are focusing on expanding their product portfolios and strengthening their distribution networks to capitalize on the growing demand for astaxanthin in Thailand.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand astaxanthin market , including forecasts for subscribers. This country databook contains high-level insights into Thailand astaxanthin market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Thailand astaxanthin market size, by source, 2021-2033 (US$M)
Thailand Astaxanthin Market Outlook Share, 2025 & 2033 (US$M)
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