Core Viewpoint - The company has received approval for its feed additive product, red yeast, which is expected to enhance its product portfolio and market competitiveness, driven by the increasing demand for natural astaxanthin in various industries [2][3]. Group 1: Product Approval and Market Potential - The company has obtained the product approval number for its feed additive, red yeast, from the Inner Mongolia Agricultural and Animal Husbandry Department [2]. - Astaxanthin, a carotenoid with strong antioxidant properties, has a market value of $3.7 billion in 2022 and is projected to reach $11 billion by 2032 [2]. - The company has a production project with an annual capacity of 3,000 tons of astaxanthin, indicating significant production capabilities [2]. Group 2: Advantages of Red Yeast - Red yeast is recognized for its rapid growth cycle, short fermentation period, ease of cultivation, and ability to utilize various carbon sources, making it commercially valuable [3]. - The approval of the red yeast feed additive is expected to enrich the company's product structure and positively impact its operational performance and market competitiveness [3].
金河生物:虾青素产品落地,合成生物学产业应用见成效