Keto Carotenoid Astaxanthin Market Trends and Forecast
The future of the global keto carotenoid astaxanthin market looks promising, with opportunities in the nutraceuticals, cosmetics, food & beverages, and feed markets. The market is expected to grow with a CAGR of 7.9% from 2025 to 2031. The major drivers for this market are the rising demand for aquaculture feed, the increasing use of nutraceuticals, and the rising popularity of functional foods.
• Lucintel forecasts that, within the type category, powder is expected to witness the highest growth over the forecast period due to the increasing demand in dietary supplements.
• Within the application category, nutraceuticals are expected to witness the highest growth due to rising demand for antioxidant-rich supplements.
• In terms of region, APAC is expected to witness the highest growth over the forecast period due to increasing aquaculture production.
Emerging Trends in the Keto Carotenoid Astaxanthin Market
The Keto carotenoid astaxanthin market is witnessing several emerging trends driven by increasing consumer preference for natural antioxidants, rising demand for health-focused products, and technological advancements in sustainable production. These trends are shaping the marketÄX%$%Xs direction and influencing product innovation, regulatory developments, and supply chain improvements. Manufacturers are focusing on diversifying applications, enhancing product quality, and expanding into new markets. As awareness of AstaxanthinÄX%$%Xs health benefits grows, these trends play a crucial role in the marketÄX%$%Xs growth trajectory, ensuring long-term opportunities for producers and stakeholders while meeting evolving consumer expectations worldwide.
• Rising Demand for Natural Antioxidants: The growing awareness of health and wellness is driving demand for natural antioxidants like Astaxanthin. Consumers are prioritizing products that offer immune support, skin health, and anti-inflammatory benefits. This trend is encouraging manufacturers to replace synthetic antioxidants with natural alternatives in food, beverages, cosmetics, and supplements. As a result, companies are increasing investments in algae-based Astaxanthin production and promoting clean-label products. This shift towards natural antioxidants is expanding market size and strengthening the appeal of Astaxanthin in health-conscious consumer segments.
• Expansion of Applications in Skincare: Astaxanthin is becoming a popular ingredient in the cosmetics industry due to its anti-aging and skin-protecting properties. Skincare brands are launching products that target UV protection, hydration, and wrinkle reduction using Astaxanthin as a key ingredient. This trend is driving research into topical formulations and increasing collaborations between cosmetic companies and biotechnology firms. As consumer interest in natural and effective skincare products grows, the demand for Astaxanthin-based cosmetics is accelerating, creating new revenue opportunities and enhancing the value of the overall market.
• Innovation in Delivery Formats: Companies are introducing innovative Astaxanthin delivery formats, such as soft gels, gummies, functional drinks, and powders. These new product formats are designed to improve convenience, taste, and absorption. This trend caters to consumers seeking personalized health solutions and functional foods. By offering diverse and user-friendly options, manufacturers are expanding the consumer base for Astaxanthin products. Innovation in delivery formats supports differentiation in a competitive market, helps brands appeal to various demographics, and increases overall consumption.
• Growth in Sports Nutrition Products: Astaxanthin is gaining popularity in sports nutrition due to its ability to reduce muscle fatigue, enhance endurance, and support recovery. Athletes and fitness enthusiasts are incorporating Astaxanthin supplements into their routines to improve performance. This trend is driving the development of targeted sports supplements containing Astaxanthin, supported by clinical research that validates its benefits. As the sports nutrition market grows globally, the inclusion of Astaxanthin in performance-enhancing products is contributing to increased demand and market expansion.
• Focus on Sustainable Production Methods: Sustainability is becoming a key focus in the Astaxanthin market, with producers adopting eco-friendly cultivation and extraction techniques. Algae-based production methods that use closed-loop systems and renewable energy sources are gaining popularity. This trend addresses environmental concerns and meets regulatory requirements for sustainable sourcing. Companies investing in sustainable practices are gaining a competitive advantage by appealing to environmentally conscious consumers and ensuring long-term resource availability. Sustainable production is strengthening the resilience of the Astaxanthin supply chain and supporting global market growth.
Emerging trends in the Keto carotenoid astaxanthin market are transforming the industry by promoting natural solutions, expanding product applications, and improving sustainability. The focus on health, innovation, and eco-friendly practices is driving continuous growth and encouraging manufacturers to diversify their product offerings. These trends are reshaping the competitive landscape, creating opportunities for new entrants and established players alike. As consumer preferences evolve and technological capabilities improve, the Astaxanthin market will continue to expand, offering innovative, high-quality solutions that meet global demand.
Recent Development in the Keto Carotenoid Astaxanthin Market
The Keto carotenoid astaxanthin market is experiencing significant developments driven by innovation, sustainability, and expanding applications. Producers are adopting advanced cultivation methods, improving extraction techniques, and increasing investments in research and development. Consumer demand for natural antioxidants has led to product diversification across supplements, cosmetics, and animal feed. Additionally, regulatory support for natural health products is accelerating market approvals and enhancing global distribution. These key developments are reinforcing the marketÄX%$%Xs growth potential, supporting new business models, and helping the industry address challenges such as cost, quality, and scalability while meeting global demand for premium Astaxanthin products.
• Advancement in microalgae cultivation technology: Recent innovations in microalgae cultivation are improving Astaxanthin yield and quality. Companies are implementing closed-loop systems, optimized lighting, and nutrient management to maximize production efficiency. These advancements reduce production costs and enhance sustainability, which is vital to meeting growing consumer demand for natural ingredients. Improved cultivation technology supports consistent product quality and scalability, allowing producers to supply global markets more effectively. As a result, microalgae-based Astaxanthin is becoming more competitive and accessible, driving market expansion and supporting long-term growth.
• Development of organic-certified Astaxanthin: Producers are focusing on obtaining organic certification for Astaxanthin products to meet increasing demand for clean-label and organic supplements. Achieving certification involves adhering to strict production standards, including using organic feedstock and sustainable practices. This development strengthens consumer trust and allows manufacturers to target premium market segments. Organic-certified Astaxanthin is gaining popularity in dietary supplements and cosmetics, offering differentiation in competitive markets. The rise of organic products reflects consumer preference for natural, responsibly sourced ingredients and supports the premiumization of the Astaxanthin market.
• Strategic partnerships and mergers: Companies in the Astaxanthin market are forming strategic partnerships and engaging in mergers to expand their capabilities. Collaborations between biotechnology firms, supplement brands, and cosmetic companies are fostering product innovation and improving market reach. These partnerships facilitate resource sharing, technological advancements, and entry into new geographical markets. Through mergers and joint ventures, companies can enhance their production capacity and streamline distribution networks. This trend is strengthening the global presence of leading producers and enabling faster response to evolving consumer demands.
• Expansion of research on health benefits: Ongoing research is uncovering new health benefits of Astaxanthin, including its effects on cardiovascular health, cognitive function, and skin protection. Scientific studies provide evidence that supports health claims and helps companies develop targeted products and marketing strategies. This development is increasing consumer awareness and boosting demand across various applications. As research continues, new opportunities arise for specialized formulations, allowing manufacturers to create differentiated products that address specific health needs and improve market competitiveness.
• Implementation of eco-friendly extraction methods: To address environmental concerns and regulatory requirements, producers are adopting eco-friendly extraction technologies. These methods use fewer solvents, reduce energy consumption, and minimize waste, contributing to sustainable production. Companies that prioritize green extraction processes are meeting the expectations of environmentally conscious consumers and improving operational efficiency. This development is enhancing the overall sustainability of the Astaxanthin supply chain while ensuring consistent product quality. Eco-friendly practices are becoming an essential part of long-term business strategies in the Astaxanthin market.
Recent developments in the Keto carotenoid astaxanthin market are driving growth through innovation, sustainability, and strategic collaboration. Technological improvements, organic certifications, and health-focused research are creating new opportunities and helping companies meet rising global demand. Eco-friendly practices and strategic partnerships are strengthening supply chains and supporting product diversification. These developments are positioning the Astaxanthin market for continued success, ensuring that producers can deliver high-quality, natural solutions to consumers while maintaining competitive advantages in a rapidly evolving industry.
Strategic Growth Opportunities in the Keto Carotenoid Astaxanthin Market
The Keto carotenoid astaxanthin market is expanding as consumers seek natural ingredients with proven health benefits. Strategic growth opportunities are emerging across various applications, including dietary supplements, cosmetics, animal feed, pharmaceuticals, and functional foods. Companies are focusing on innovation, quality improvement, and regulatory approvals to strengthen their market position. These growth opportunities allow manufacturers to enter new segments, diversify product portfolios, and address specific consumer needs. By targeting high-demand applications, producers can unlock long-term value and maintain competitiveness in the global market while responding to increasing awareness of AstaxanthinÄX%$%Xs health and wellness benefits.
• Growth in dietary supplements: Dietary supplements represent one of the largest growth opportunities for Astaxanthin. Consumers are seeking natural products that support immune health, reduce inflammation, and enhance overall wellness. Companies are developing capsules, soft gels, and powders that provide convenient ways to consume Astaxanthin. With increasing clinical evidence supporting its health benefits, the demand for Astaxanthin supplements is growing globally. This segment offers opportunities for premium positioning, personalized nutrition solutions, and brand differentiation. Expanding supplement lines with Astaxanthin can help companies meet the needs of health-conscious consumers and increase market share.
• Expansion in cosmetics and personal care: The cosmetic industry is adopting Astaxanthin for its antioxidant, anti-aging, and skin protection properties. Skincare brands are formulating products such as creams, serums, and sunscreens that incorporate Astaxanthin to reduce wrinkles, improve hydration, and protect against UV damage. This growth opportunity is driven by the rising demand for natural, effective, and safe beauty products. By integrating Astaxanthin into cosmetic formulations, companies can attract consumers seeking plant-based and science-backed ingredients. The success of Astaxanthin in cosmetics supports diversification beyond supplements and reinforces its value in the premium beauty market.
• Development in animal feed and aquaculture: Astaxanthin is widely used in animal feed, particularly in aquaculture, to improve the health and pigmentation of fish and seafood. The growing demand for high-quality seafood is driving innovation in feed formulations that enhance growth rates and product appearance. Companies are investing in sustainable, algae-derived Astaxanthin to replace synthetic alternatives. This growth opportunity supports eco-friendly aquaculture and addresses consumer concerns about food safety and sustainability. By offering natural Astaxanthin solutions, producers can meet industry demands and secure long-term partnerships with feed manufacturers and fish farms.
• Opportunities in pharmaceutical applications: Pharmaceutical companies are exploring AstaxanthinÄX%$%Xs therapeutic potential for managing chronic conditions such as cardiovascular diseases, neurodegenerative disorders, and inflammation-related illnesses. This growth opportunity relies on clinical research and regulatory approval of Astaxanthin-based formulations. By developing targeted therapies and medical-grade products, companies can enter high-value pharmaceutical markets. Collaborations between pharmaceutical firms and Astaxanthin producers can drive innovation, support product development, and enhance credibility. This segment provides an opportunity to position Astaxanthin as a functional ingredient with proven medical benefits, opening new revenue streams.
• Expansion of functional foods and beverages: Functional foods and beverages enriched with Astaxanthin are gaining popularity as consumers seek everyday products that support health and wellness. This growth opportunity includes fortified drinks, dairy products, snacks, and meal replacements. Companies are focusing on creating palatable and convenient products that deliver effective doses of Astaxanthin. The rise of functional nutrition trends is driving demand for ingredients with added value, and Astaxanthin fits well within this movement. By entering the functional food segment, producers can expand consumer access to Astaxanthin and diversify their market presence.
Strategic growth opportunities in the Keto carotenoid astaxanthin market are driving expansion across multiple applications. Dietary supplements, cosmetics, animal feed, pharmaceuticals, and functional foods offer pathways for sustained growth and innovation. These opportunities allow companies to cater to evolving consumer preferences, build strong brand identities, and secure competitive advantages. By investing in high-demand segments and developing differentiated products, producers can unlock new revenue streams and ensure the long-term success of Astaxanthin in global markets. The focus on health, sustainability, and innovation will continue to shape the future of the Astaxanthin industry.
Keto Carotenoid Astaxanthin Market Driver and Challenges
The Keto carotenoid astaxanthin market is influenced by a combination of technological advancements, rising health awareness, and regulatory factors. Demand for natural antioxidants and sustainable production methods is driving growth, while challenges such as high production costs and regulatory complexities create obstacles. Companies are focusing on innovation, strategic partnerships, and expanding applications to maintain competitiveness. Understanding the major drivers and challenges helps stakeholders align their strategies, overcome barriers, and capture market opportunities. As the industry evolves, balancing these factors is essential to meet consumer demand, improve product accessibility, and support long-term global market growth.
The factors responsible for driving the keto carotenoid astaxanthin market include:
1. Rising demand for natural antioxidants: Consumers are increasingly seeking natural antioxidants to support overall health and prevent chronic diseases. Astaxanthin is recognized for its strong antioxidant properties, which help reduce inflammation, support immune function, and protect cells from oxidative stress. This demand is fueling the development of dietary supplements, functional foods, and cosmetics. Companies that prioritize natural formulations are gaining a competitive advantage, as consumers prefer plant-based and clean-label products. Rising health awareness and wellness trends continue to drive consistent growth in demand for natural Astaxanthin across global markets.
2. Technological advancements in cultivation and extraction: Innovations in microalgae cultivation and eco-friendly extraction methods are improving Astaxanthin yield and reducing production costs. Closed-system photobioreactors, optimized lighting, and advanced harvesting techniques are enhancing efficiency and product quality. These technologies allow producers to scale operations and meet growing global demand. Improved extraction processes reduce environmental impact, supporting sustainability goals. Technological progress is making natural Astaxanthin more competitive with synthetic alternatives, helping manufacturers supply high-quality products at lower prices and expanding the potential for use in diverse applications.
3. Increasing applications in health and wellness: AstaxanthinÄX%$%Xs health benefits are driving its use in multiple industries, including supplements, cosmetics, pharmaceuticals, and animal feed. Scientific research continues to highlight its positive effects on skin health, cardiovascular function, and cognitive performance. This growing body of evidence supports market expansion into specialized health products and personalized nutrition. Companies are leveraging these findings to develop innovative formulations targeting specific health concerns. The diversification of applications is creating new revenue streams, strengthening the market position of Astaxanthin, and attracting consumers seeking comprehensive wellness solutions.
4. Regulatory support for natural products: Governments and regulatory bodies are creating guidelines that encourage the use of natural, safe, and sustainable ingredients in food, supplements, and cosmetics. These supportive regulations simplify the approval process for natural Astaxanthin products and foster consumer trust. Regulatory alignment across regions is helping companies enter new markets more easily and build global supply chains. This favorable environment accelerates product launches and encourages investment in research and development. As demand for clean-label products grows, regulatory support remains a significant driver for the long-term success of the Astaxanthin market.
5. Growing focus on sustainable production: Sustainability is becoming a key priority for Astaxanthin producers. Companies are adopting eco-friendly practices in cultivation, extraction, and packaging to minimize environmental impact. This includes using renewable energy, reducing water usage, and sourcing materials responsibly. Sustainable production enhances brand image, meets consumer expectations, and complies with environmental regulations. As global attention on climate change and resource management increases, sustainability efforts are not only driving operational efficiency but also contributing to market growth by attracting environmentally conscious consumers and investors.
Challenges in the keto carotenoid astaxanthin market are:
1. High production costs: Producing natural Astaxanthin from microalgae requires significant investment in infrastructure, technology, and maintenance. High operational costs can make natural Astaxanthin less competitive compared to synthetic alternatives. These expenses impact pricing, limit profit margins, and create barriers for smaller companies. Reducing production costs through technological innovation and economies of scale is essential for market expansion. Without cost control, producers may struggle to meet growing demand at affordable prices, slowing market penetration and reducing the accessibility of natural Astaxanthin in some regions.
2. Regulatory complexities and compliance: While regulatory support for natural products exists, navigating international regulations remains challenging. Different regions have varying standards for safety, labeling, and marketing claims. Companies must invest in compliance, testing, and documentation to meet these requirements. Regulatory delays can slow product launches and create financial burdens. Inconsistent regulations between countries add complexity to global supply chains, making it difficult for producers to operate efficiently. Overcoming these challenges requires strategic planning and collaboration with regulatory experts to ensure smooth market entry and continued growth.
3. Limited consumer awareness in emerging markets: Although Astaxanthin is gaining popularity in developed regions, consumer awareness remains low in some emerging markets. Limited knowledge of its health benefits and higher price points can hinder adoption. Companies must invest in education, marketing, and local partnerships to build awareness and demonstrate value. Without effective consumer outreach, growth opportunities in developing countries may remain untapped. Addressing this challenge requires tailored strategies that align with local preferences and economic conditions to increase market penetration and foster long-term demand.
The Keto carotenoid astaxanthin market is shaped by strong drivers such as rising demand for natural antioxidants, technological advancements, and supportive regulations. These factors are fueling innovation and expanding applications across health and wellness sectors. However, challenges like high production costs, regulatory complexities, and limited awareness in certain regions pose obstacles to growth. Successfully balancing these drivers and challenges allows companies to strengthen market positions, reach new consumers, and promote sustainable practices. By addressing key barriers and leveraging growth factors, the Astaxanthin industry can continue to thrive and meet global demand for natural health solutions.
List of Keto Carotenoid Astaxanthin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies keto carotenoid astaxanthin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the keto carotenoid astaxanthin companies profiled in this report include-
• Zhejiang NHU
• BGG
• DSM
• Cyanotech
• BASF
• ENEOS
• Yunnan Alphy Biotech
Keto Carotenoid Astaxanthin Market by Segment
The study includes a forecast for the global keto carotenoid astaxanthin market by type, application, and region.
Keto Carotenoid Astaxanthin Market by Type [Value from 2019 to 2031]:
• Powder
• Oleoresin
• Synthetic
• Others
Keto Carotenoid Astaxanthin Market by Application [Value from 2019 to 2031]:
• Nutraceuticals
• Cosmetics
• Food & Beverages
• Feed
• Others
Keto Carotenoid Astaxanthin Market by Region [Value from 2019 to 2031]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Keto Carotenoid Astaxanthin Market
Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. The content below highlights recent developments by major Keto carotenoid astaxanthin producers in key regions: the USA, China, India, Japan, and Germany.
• United States: Recent developments in the Keto carotenoid astaxanthin market focus on expanding applications in health supplements and functional foods. Companies are increasing investments in natural sources of Astaxanthin, particularly algae-based production, to meet rising consumer demand for clean-label products. There is also growing interest in sports nutrition products using Astaxanthin for its antioxidant properties. Regulatory clarity and supportive policies are encouraging more manufacturers to innovate in product formulations. These advancements are strengthening the United StatesÄX%$%X market position as a leading producer and consumer of natural Astaxanthin-based products.
• China: In China, the Keto carotenoid astaxanthin market is experiencing rapid growth due to strong demand from the cosmetics and food industries. Local producers are expanding production facilities using advanced cultivation technologies to increase output. Government support for biotechnology is helping companies invest in sustainable production processes. The popularity of Astaxanthin as a functional ingredient in skincare and anti-aging products has led to widespread product launches. These developments are positioning China as a major player in both domestic consumption and international exports of Astaxanthin, driving market competitiveness.
• Germany: In Germany, the Keto carotenoid astaxanthin market is advancing through research collaborations and innovative production methods. German companies are focusing on microalgae cultivation to enhance the sustainability of Astaxanthin extraction. There is a growing demand for Astaxanthin in nutraceuticals and pharmaceuticals, supported by increasing consumer interest in preventive health. Government regulations promoting natural and organic ingredients have boosted the adoption of Astaxanthin in food and beverage products. These factors contribute to steady market growth and reinforce GermanyÄX%$%Xs role as a hub for high-quality Astaxanthin production and research.
• India: In India, the Keto carotenoid astaxanthin market is gaining momentum through rising demand in aquaculture and dietary supplements. Domestic producers are investing in cost-effective production techniques to cater to local and international markets. The growing health-conscious population is driving interest in Astaxanthin-based supplements for immunity and skin health. Additionally, the expansion of the aquaculture sector has increased the use of Astaxanthin in fish feed to enhance product quality. These combined efforts are helping India become an emerging market for Astaxanthin production and consumption.
• Japan: In Japan, the Keto carotenoid astaxanthin market is thriving with a focus on innovative product development in the health and wellness sector. Japanese companies are incorporating Astaxanthin into functional beverages, skincare, and anti-aging products. Advanced research into the health benefits of Astaxanthin continues to support product differentiation. Regulatory bodies in Japan promote the use of safe, natural ingredients, which has accelerated market acceptance. With a strong consumer preference for high-quality health products, Japan remains a key market driving demand for premium Astaxanthin applications.
Features of the Global Keto Carotenoid Astaxanthin Market
Market Size Estimates: Keto carotenoid astaxanthin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Keto carotenoid astaxanthin market size by type, application, and region in terms of value ($B).
Regional Analysis: Keto carotenoid astaxanthin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the keto carotenoid astaxanthin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the keto carotenoid astaxanthin market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for keto carotenoid astaxanthin market?
Answer: The global keto carotenoid astaxanthin market is expected to grow with a CAGR of 7.9% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the keto carotenoid astaxanthin market?
Answer: The major drivers for this market are the rising demand in aquaculture feed, the increasing use in nutraceuticals, and rising popularity of functional foods.
Q3. What are the major segments for keto carotenoid astaxanthin market?
Answer: The future of the keto carotenoid astaxanthin market looks promising with opportunities in the nutraceuticals, cosmetics, food & beverages, and feed markets.
Q4. Who are the key keto carotenoid astaxanthin market companies?
Answer: Some of the key keto carotenoid astaxanthin companies are as follows:
• Zhejiang NHU
• BGG
• DSM
• Cyanotech
• BASF
• ENEOS
• Yunnan Alphy Biotech
Q5. Which keto carotenoid astaxanthin market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, powder is expected to witness the highest growth over the forecast period due to the increasing demand in dietary supplements.
Q6. In keto carotenoid astaxanthin market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period due to increasing aquaculture production.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the keto carotenoid astaxanthin market by type (powder, oleoresin, synthetic, and others), application (nutraceuticals, cosmetics, food & beverages, feed, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Keto Carotenoid Astaxanthin Market, Keto Carotenoid Astaxanthin Market Size, Keto Carotenoid Astaxanthin Market Growth, Keto Carotenoid Astaxanthin Market Analysis, Keto Carotenoid Astaxanthin Market Report, Keto Carotenoid Astaxanthin Market Share, Keto Carotenoid Astaxanthin Market Trends, Keto Carotenoid Astaxanthin Market Forecast, Keto Carotenoid Astaxanthin Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.