According to a comprehensive new market analysis titled 'Algal Pigments Market by Type (Beta-Carotene, Astaxanthin, ...

The surging utilization of algal pigments in therapeutic and nutritional applications represents a primary market growth catalyst. These naturally-derived compounds—including astaxanthin ...

Despite these growth drivers, the market faces challenges including high production costs, cultivation instability, competition from synthetic alternatives, and scalability issues. The surging ...