Astaxanthin Powder Market size was valued at USD 600 Million in 2024 and is projected to reach USD 1.2 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The South Korean astaxanthin powder market is experiencing remarkable growth, driven by increasing demand across various industries. In 2024, the market generated revenue of USD 38.6 million and is projected to reach USD 95.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 16.2% from 2025 to 2030. citeturn0search0
Astaxanthin, a potent antioxidant, is utilized in several sectors:
Nutraceuticals: The rising health consciousness among South Koreans has led to increased consumption of dietary supplements containing astaxanthin, known for its anti-inflammatory and antioxidant properties.
Cosmetics: Astaxanthin's skin-enhancing benefits have made it a popular ingredient in skincare products aimed at reducing signs of aging.
Aquaculture and Animal Feed: The compound is used to improve the pigmentation and health of farmed seafood, such as salmon and shrimp.
The natural source segment dominated the market in 2024, accounting for 67.62% of revenue, and is expected to continue its rapid growth. citeturn0search0 This trend aligns with the global shift toward natural and sustainable products.
South Korea's government initiatives to boost the aquaculture industry have further propelled the demand for astaxanthin. The country's pioneering efforts in salmon farming since 2017 and plans to establish support centers for fisheries exports highlight this commitment. citeturn0search0
International collaborations have also influenced the market. For instance, in November 2020, Atacama Bio Natural Products S.A. partnered with Heamin Co. to launch an astaxanthin supplement in South Korea, reflecting the market's attractiveness to foreign companies. citeturn0search0
Regulatory frameworks play a crucial role in the market dynamics. In South Korea, dietary supplements containing astaxanthin are classified under Health Functional Foods (HFF) and regulated by the Ministry of Food and Drug Safety (MFDS) to ensure safety and efficacy. citeturn0search0
Export data reveals that South Korea exports astaxanthin to over nine countries, with the United States, Vietnam, and the Philippines being the primary importers, collectively accounting for 85% of exports. citeturn0search1
The Asia Pacific region, including South Korea, is projected to witness substantial growth in the astaxanthin market, driven by increasing adoption in aquaculture, animal feed, nutraceuticals, food and beverages, pharmaceuticals, and cosmetics industries. citeturn0search6
In the high-purity astaxanthin powder segment, the nutraceutical industry led the market, accounting for around 40% of total revenue, driven by increasing consumer health awareness and demand for antioxidants. citeturn0search3
Overall, the South Korean astaxanthin powder market is poised for significant expansion, fueled by diverse industry applications, government support, international partnerships, and a growing emphasis on natural products.
Get an In-Depth Research Analysis of the South Korea Astaxanthin Powder Market Size And Forecast [2025-2032]
Xi'an Greena Biotech
Algatechnologies
Lus Health ingredients
Atacama Bio
ETChem
Herbo Nutra
Zhejiang Tianhecheng Bio-technology Shares
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Astaxanthin Powder Market
Natural Astaxanthin
Synthetic Astaxanthin
Microalgae
Yeast
Other Sources
Dietary Supplements
Cosmetics & Personal Care
Food & Beverages
Animal Feed
Pharmaceuticals
Food & Beverages
Cosmetics
Agriculture & Animal Feed
Powder
Liquid
Capsules
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Astaxanthin Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Astaxanthin Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Astaxanthin Powder Market, By Type
6. South Korea Astaxanthin Powder Market, By Application
7. South Korea Astaxanthin Powder Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Astaxanthin Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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