Astaxanthin Market to Surpass US$ 12.3 Billion in 2032, Forecasting a 21.6% CAGR | Persistence Market Research [Yahoo! Finance]
Cyanotech Corporation (CYAN)
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Company Research
Source: Yahoo! Finance
New York, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Market Size & Overview: Astaxanthin Market in 2021 were held at US$ 1.5 billion. With a CAGR of 21.6% during 2022-2032, the market is projected to reach a valuation of US$ 12.3 billion by 2032.The Astaxanthin Market is anticipated to cross US$ 12.3 billion with an absolute dollar opportunity growth of nearly US$ 10.5 billion during 2022 – 2032. Dried Algae Meal is expected to be the highest revenue-generating product. The Astaxanthin market is witnessing robust growth driven by its widespread applications in various industries, including food and beverages, cosmetics, and pharmaceuticals. Astaxanthin, a powerful antioxidant derived from microalgae, yeast, salmon, trout, and shrimp, is gaining popularity for its potential health benefits and vivid red coloration. In the food and beverage sector, the demand for natural antioxidants has surged, and Astaxanthin, with its superior antioxidant properties, is being increasingly incorporated in
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News
- Nutrex-Hawaii Introduces Its #1 Selling BioAstin® Hawaiian Astaxanthin® in a Retail-Ready, Sugar-Free, Vegan Gummy Format [Yahoo! Finance]Yahoo! Finance
- Nutrex-Hawaii Introduces Its #1 Selling BioAstin® Hawaiian Astaxanthin® in a Retail-Ready, Sugar-Free, Vegan Gummy FormatBusiness Wire
- Global Astaxanthin Market Size is projected to reach USD 7,536.19 million by 2031, growing at a CAGR of 16.78%: Straits Research [Yahoo! Finance]Yahoo! Finance
- Algae's Versatility in Addressing Various Health Concerns, from Immunity to Brain Health, Contributes to Algae-Based Supplement Market Development | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Cyanotech Corporation (NASDAQ:CYAN) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CYAN
Sec Filings
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- CYAN's page on the SEC website