in recent years owing to increasing consumer awareness of its health benefits. Global market for both synthetic and natural source astaxanthin in aquaculture feed, nutraceuticals, cosmetics, and food and beverages is estimated at 280 metric tons valued at $447 million in 2014. It is further projected to reach 670 metric tons valued at $1.1 billion by 2020 (Industry Experts, 2015; Panis, 2015). Synthetic astaxanthin, astaxanthin rich Phaffia yeast, and Paracoccus bacteria are predominantly used in the aquaculture sector, while the astaxanthin derived from H. pluvialis is the main source for human applications such as dietary supplements, cosmetics, and food and beverages.