With the attention that anti-oxidants are gathering from the health and medical circles, antioxidant producers are finally seeing development in what could have been a relatively stagnant market after the pester of financial problems that 2 of the state’s three antioxidant producers have actually gone through in recent years.
Now, antioxidant manufacturers, vendors, and providers are stating that production, export and regional intake of Hawaii-produced nutraceutical astaxanthin is back in organisation as the market continues to grow.
Astaxanthin is a microalgae-based dietary supplement artificially manufactured by antioxidant producers. Acting as natural antioxants, astaxanthin helps cleanse the blood of contaminants and other damaging chemicals.
Numerous clinical trials have actually discovered this specific antioxidant powerful versus disease-causing totally free radicals and based on their outcomes, antioxidant producers are producing astaxanthin en masse.
Astaxanthin is produced by antioxidant manufacturers on the Big Island by publicly traded Aquasearch Inc. and Cyanotech Corp. On Maui Island, the antioxidant manufacturers of astaxanthin are Micro Gaia Inc., a subsidiary of Japan’s Fuji Chemical Industry Co. Ltd. Each antioxidant producer has its own exclusive process for industrial production.
” Sales have balanced about $2 million per quarter,” said Cyanotech President Gerald Cysewski. “It’s been that way for the last 2 years. Although we are expecting to report a loss for the quarter ending June 30, we intend to be cash-flow favorable and lucrative within 2 quarters.”
The stock price of antioxidant producer Cyanotech fell below $1 in May. The antioxidant producer has 90 days to get its share rate over $1 or Nasdaq will no longer note it on its main board.
The antioxidant manufacturer Cyanotech also has another antioxidant product offered, called BioAstin. The antioxidant manufacturer offers this at $20 for a bottle of 60 gel caps, each with 4 milligrams of pure astaxanthin. Cysewski said that the product can be purchased at most health food shops in Hawaii in addition to at Costco and Wal-Mart in Kona.
Like Cyanotech, antioxidant producer Aquasearch likewise has had its share of misery. It was only on June 17 that it emerged from bankruptcy when a United States personal bankruptcy court judge approved its reorganization plan.
“We are not running as a debtor in ownership, however we still have a great deal of concerns we need to address,” stated antioxidant manufacturer Aquasearch President Harry ‘Doc’ Dougherty.
Astaxanthin is produced by antioxidant producers on the Big Island by publicly traded Aquasearch Inc. and Cyanotech Corp. On Maui Island, the antioxidant manufacturers of astaxanthin are Micro Gaia Inc., a subsidiary of Japan’s Fuji Chemical Industry Co. Ltd. The antioxidant producer Cyanotech likewise has another antioxidant product offered, called BioAstin. The antioxidant manufacturer sells this at $20 for a bottle of 60 gel caps, each with 4 milligrams of pure astaxanthin.