United Kingdom Astaxanthin Market Size, Share, and COVID-19 Impact Analysis, By Product (Dried Algae Meal or Biomass, Oil, Softgel, Liquid, and Others), By Application (Nutraceuticals, Cosmetics, Aquaculture & Animal Feed, Food, and Others), and UK Astaxanthin Market Insights, Industry Trend, Forecasts to 2035

United Kingdom Astaxanthin Market Forecasts to 2035

• The United Kingdom Astaxanthin Market Size Was Estimated at USD 72.4 Million in 2024
• The UK Astaxanthin Market Size is Expected to Grow at a CAGR of around 15.21% from 2025 to 2035
• The UK Astaxanthin Market Size is Expected to Reach USD 343.8 Million by 2035

According to a research report published by Spherical Insights & Consulting, the UK Astaxanthin Market is anticipated to reach USD 343.8 million by 2035, growing at a CAGR of 15.21% from 2025 to 2035. Astaxanthin's expanding application in a number of industries, including aquaculture, animal feed, nutraceuticals, cosmetics, medicines, and food and drinks, is driving up demand for the substance.

Market Overview

The UK astaxanthin market refers to a carotenoid that is a potent antioxidant in microorganisms and marine life, possesses anti-inflammatory properties, and skin-protective properties. Its potential and demonstrated use as a food supplement and aquaculture feed product improves the colouration and market value of farmed salmon, trout, and prawns. The market for astaxanthin in the UK is expanding significantly due to rising health consciousness and a move towards sustainable, natural products. Customers are looking for preventive measures like dietary supplements as a result of growing interest in nutrition and the high expense of healthcare. With its potent anti-inflammatory and antioxidant qualities, astaxanthin is becoming more and more well-liked for treating eye, skin, and cardiovascular disorders. Market acceptance is also being accelerated by regulatory backing and innovative formulations in the nutraceutical industry. Consumer growth towards natural ingredients in preference over synthetic ingredients is driving natural astaxanthin demand. The cosmetics field capitalizes on astaxanthin's positive attributes for both UV protection and skin enhancement and continues to increase its use for anti-aging and skin healing applications. Additionally, the aquaculture industry utilizes astaxanthin as it is a natural source for pigmentation of farmed seafood products, such as salmon, trout, and shrimp, providing visual benefits and the properties of organic pigmentation. These factors have led to the continued strong demand and varied growth of the UK astaxanthin market.

Report Coverage

This research report categorizes the market for the UK astaxanthin market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom astaxanthin market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom astaxanthin market.

Driving Factors

The market for astaxanthin in the UK is expanding rapidly as a result of growing consumer knowledge of its antioxidant advantages, especially for cardiovascular, skin, and eye health. Demand in the aquaculture, cosmetic, and nutraceutical sectors is being driven by consumers' growing preference for sustainable and natural ingredients. Growing uses in skincare and fish feed, as well as new product developments and calculated distribution initiatives by major corporations, are speeding up market growth and improving accessibility throughout the United Kingdom.

Restraining Factors

The UK astaxanthin market is hindered by the expensive anchor cost of natural extracts, and the limited supply of raw materials for extraction, as well as regulatory issues regarding extraction, nutraceutical, and cosmetic products. Other factors include natural astaxanthin and a lack of consumer understanding that either restricts or inhibits astaxanthin. These factors hamper the astaxanthin market during the forecast period.

Market Segmentation

The United Kingdom astaxanthin market share is classified into product and application.

• The dried algae meal or biomass segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom astaxanthin market is segmented by product into dried algae meal or biomass, oil, softgel, liquid, and others. Among these, the dried algae meal or biomass segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its various uses in formulations, minimal processing requirements, bulk production potential, and uses in animal feed purposes, dry algal biomass takes a leading position as an astaxanthin source. The most common dried algae biomass form is most popular for manufacturers in large part due to customizable use options and lower cost. When astaxanthin powder is used at direct doses, there are opportunities for pharmaceutical formulations and the production of tablets and capsules.

• The aquaculture & animal feed segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom astaxanthin market is segmented by application into nutraceuticals, cosmetics, aquaculture & animal feed, food, and others. Among these, the aquaculture & animal feed segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Astaxanthin enhances pigmentation in fish, including salmon, trout, and others. It is an important aspect to aquaculture and increases market price for fish. Increasing market demand for higher quality fish and animal products processed with natural ingredients, will only boost astaxanthin use in animal nutrition formulations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom astaxanthin market and a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Algalíf Iceland ehf.
• BGG World (formerly Beijing Gingko Group)
• AstaReal
• BASF
• DSM
• Cyanotech Corporation
• Algatech
• Fuji Chemical Industries Co., Ltd.
• I ingredients Ltd
• Alfa Chemicals Pharma
• Viridian Nutrition
• Healthspan
• Valensa International
• Others

Key Target Audience

• Investors
• Market players
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom astaxanthin market based on the below-mentioned segments:

United Kingdom Astaxanthin Market, By Product

• Dried Algae Meal or Biomass
• Oil
• Softgel
• Liquid
• Others

United Kingdom Astaxanthin Market, By Application

• Nutraceuticals
• Cosmetics
• Aquaculture & Animal Feed
• Food
• Others