Astaxanthin refers to that a reddish-brown pigment, belonging to a group of chemicals known as the xanthophyll category of carotenoids. It generally occurs naturally in some algae and lends the red or pink color in trout, salmon, shrimps, lobsters, and other seafood. A short while ago, yeast/fungi-based and synthetic astaxanthin have also received remarkably fame. In addition, it protects the skin against sunburn and overcomes wrinkles. The application of astaxanthin products in dietary supplements is due to their easy availability coupled with cardiovascular benefits. Also, the product is inspected to be over 500 times healthier than vitamin E and is much more beneficial than other carotenoids such as lutein and lycopene. Such various applications are probably boosting the astaxanthin market during the forecast period.