The Global Seaweed Extracts Market size is projected to grow at a CAGR of 17.87% during the forecast period and it will be worth US$ 515.7 million by 2028. The demand for these products is high as they are considered environmentally friendly and sustainable resources with high nutritional value that can be used in food & beverages, cosmetics & personal care, healthcare, and agriculture applications.
Seaweed Extracts are extracts of seaweeds that contain bioactive components such as polysaccharides, glycoproteins, lipids, and phlorotannin-like substances. The extraction processes involved in the production of seaweed extract include hot water treatment (nori), ethanol precipitation from aqueous media, and ethyl acetate solvent extraction. Seaweeds provide essential nutrients to human health along with dietary fibers; minerals like calcium, magnesium iron; vitamins including vitamin A & C; amino acids, etc.
On the basis of Types, the market is segmented into Liquid, Powder, and Flakes. The liquid type of seaweed extracts is expected to hold the largest market share during the forecast period due to its wide application in the food & beverages industry; healthcare sector.
Liquid seaweed extracts are the liquid form of algae. Liquid seaweed extract also helps in protecting from free radicals which are responsible for rapid aging signs such as wrinkles, fine lines, age spots, etc., by reducing inflammation on the skin surface. The main reason behind their demand is that they can be used in all types of formulations like anti-aging products, whitening creams, etc.
Powder seaweed extracts are used as an additive in cosmetic products, animal feed, or fertilizers. The powder is the most common form of seaweed extract and can be added to water to create extracts for food supplements, health drinks, desserts, etc.
Flakes Seaweed Extracts are a dried seaweed that is processed from the red algae species. This product has the appearance of dark green flakes, and it contains about 87% protein. Flakes Seaweed Extracts have a high nutrient value when compared to other foods like meat, poultry, or eggs as they contain minerals such as calcium, iron, and vitamin B12. The presence of these nutrients makes this product extremely beneficial for vegetarians who do not consume dairy products due to lactose intolerance problems.
On the basis of Application, the market is segmented into Food and Beverages, Cosmetics and Personal Care, Healthcare, Agriculture, and Horticulture.
Seaweed extracts are widely used in the food & beverages industry. Seaweeds have a high content of minerals such as iodine (which is helpful for thyroid function), iron (for healthy blood cells) calcium (promotes bone health), magnesium, etc. These nutrients help keep our body fit & fine. In addition to this these extracts can be used as thickening agents which gives watery foods more texture without using fat or gluten.
Seaweed extracts are used in personal care products such as moisturizers, anti-aging creams, facial masks, and cleansers. They help to keep the skin moist and hydrated. Seaweeds have a natural property called Alginate that helps retain moisture within cells of the human body when applied topically. Some seaweed extract ingredients also include antioxidants which protect from environmental pollutants thus preventing aging signs on the face like wrinkles or fine lines etc.
Seaweed extracts are known to be effective in treating inflammation, bacterial infections, and fungal diseases. Eating seaweed has also proven beneficial in preventing heart disease as it helps reduce the levels of cholesterol in our bodies.
Seaweed extracts are used in Agriculture and Horticulture to increase the nutrient value of soil. Seaweed is a source of various minerals, essential amino acids, and vitamins that can be easily absorbed by plants due to their composition. It provides nitrogen, potassium, magnesium phosphorous as well as micro-nutrients such as copper zinc iron manganese, etc., necessary for the healthy growth of plants. These extracts can also act against diseases caused by fungal or bacterial infections on crops thus boosting plant immunity naturally without using chemical pesticides/fungicides.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is projected to witness substantial growth with an exponential CAGR during 2021-2028 owing to rising population across countries and seaweed extract production capacity enhancement initiatives undertaken by key players operating in the Asia Pacific. Some other factors driving their market revenue include the growing trend towards the usage of natural ingredients in various applications.
Up Market Research published a new report titled “Seaweed Extracts Market research report which is segmented by Form (Flakes, Liquid, Powder), by Application (Pharmaceuticals, Cosmetics, Animal Feed, Pesticides, Fertilizers, Thickening Agents), by Type (Green, Red, Brown), By Players/Companies Ocean organics, INDIGROW LTD., Technaflora Plant Products Ltd., AJ Products Pty Ltd, Mycsa AG, Yash Chemicals Ltd., Suboneyo Chemicals Pharmaceuticals (p) Limited, Saosis Biotech Private Limited, Grow More Inc., Arihant Bio Fertichem Pvt. Ltd., Algea the Arctic Company, Alga-Net and AlgAran Seaweed Products, North American Kelp, Unilever, Aveeno Active Naturals, Ireland. Kelpak, Shigawake Organics Ltd., Chase Organics and Ocean Harvest Technology”.
|Report Attributes||Report Details|
|Report Title||Seaweed Extracts Market Research Report|
|By Form||Flakes, Liquid, Powder|
|By Application||Pharmaceuticals, Cosmetics, Animal Feed, Pesticides, Fertilizers, Thickening Agents|
|By Type||Green, Red, Brown|
|By Companies||Ocean organics, INDIGROW LTD., Technaflora Plant Products Ltd., AJ Products Pty Ltd, Mycsa AG, Yash Chemicals Ltd., Suboneyo Chemicals Pharmaceuticals (p) Limited, Saosis Biotech Private Limited, Grow More Inc., Arihant Bio Fertichem Pvt. Ltd., Algea the Arctic Company, Alga-Net and AlgAran Seaweed Products, North American Kelp, Unilever, Aveeno Active Naturals, Ireland. Kelpak, Shigawake Organics Ltd., Chase Organics and Ocean Harvest Technology|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||238|
|Number of Tables & Figures||167|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Form (Flakes, Liquid, Powder), by Application (Pharmaceuticals, Cosmetics, Animal Feed, Pesticides, Fertilizers, Thickening Agents), by Type (Green, Red, Brown).
Some of the companies that are profiled in this report are:
Seaweed Extracts Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Seaweed Extracts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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