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Astaxanthin pigment is produced by freshwater microalgae Haematococcus Pluvialis and also by some funguses. It is a keto-carotenoid group containing metabolites of zeaxanthin and canthaxanthin. Astaxanthin is well known for its antioxidant properties that help to avoid cellular degeneration. It has therapeutic applications in Alzheimer’s disease, muscle improvements for athletics, and skin rejuvenation. Its market demand and commercial importance are high due to its applications in dietary supplements for humans, animals, and aquaculture.