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- W4385501215 abstract "Green microalgal strains belong to Haematococcus genus are possesses a wide range of commercially important compounds including fatty acids, astaxanthin, proteins, lutein and carotenoids. Nutraceutical, pharmaceuticals, cosmetics, animal feeds, foods, and beverages are considered as major segments of Haematococcus-based products. As of 2020, global astaxanthin (both natural and synthetic) market value was reached US$663.89 million. In 2020, global astaxanthin market was predominately occupied by Asia-Pacific countries. In the present scenario, it is predicted that astaxanthin value in Asia-Pacific market could grow at 4.5% from 2021 to 2027. The market values for nutraceutical grade astaxanthin from H. pluvialis were anticipated at prices between US$6000 and 7150/kg. Global market of astaxanthin (both natural and synthetic) will reach about US$977.74 million by 2027. Of this market value, Haematococcus-based products are expected to dominate US$193.19 million by 2029. This indicates the fact that only about 1–2% of the total world production of astaxanthin derived from H. pluvialis. As of now, selective European, North American countries and China occupies giant share of global H. pluvialis-derived astaxanthin market. Rising global demand for astaxanthin, rising levels of investments in Haematococcus research and development and growing preferences for microalgae-based products could potentially shape the dynamics better for the market for Haematococcus-based products by 2030. In this regard, in this chapter, we first summarize the commercial significance and current market level of Haematococcus-based products and highlight the importance and future forecast for Haematococcus-based products." @default.
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- W4385501215 date "2023-01-01" @default.
- W4385501215 modified "2023-09-28" @default.
- W4385501215 title "Commercialization of Haematococcus-Based Products: Current Status and Future Forecast" @default.
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- W4385501215 doi "https://doi.org/10.1007/978-981-99-2901-6_18" @default.
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