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Astaxanthin market grows with aquaculture industry.(Industry Overview)
- Article from:
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Chemical Market Reporter
- Article date:
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November 3, 1997
- Author:
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Copyright informationCOPYRIGHT 1997 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Astaxanthin, which provides farm-raised fish with pigment when placed in their feed, is provided by Hoffmann-La Roche and Cyanotech. The industry had a growth rate of 10% in 1997 compared with 1996 and could grow by 10% in 1998. Hoffmann-La Roche makes astaxanthin at one Swiss facility that is capable of providing the aquaculture industry with adequate product.
Roche leads business, but Cyanotcch is in pursuit.
ASTAXANTHIN, WHICH IS ADDED to the feed of farm-raised fish to impart pigment, now has two suppliers rather than one. Although Hoffmann-La Roche still dominates the $150 million-plus worldwide market, Hawaii-based Cyanotech Corporation is expanding production ...
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