Pharmaceutical Astaxanthin Market Witnessing Rapid Growth

Global Pharmaceutical Astaxanthin Market was valued at US $665.2 Mn in 2022 and is expected to reach US $2288.3 Mn by 2030 growing at a CAGR of 16.7% during the forecast period 2023 – 2030
The market dynamics are further influenced by the increasing prevalence of chronic diseases globally. As Astaxanthin demonstrates promising results in managing oxidative stress and inflammation, pharmaceutical companies are keenly investing in developing Astaxanthin-based formulations. The rise in consumer preference for natural and sustainable healthcare solutions has also fueled the demand for Astaxanthin in pharmaceutical products.