Kelp Extracts Market Outlook
According to the report by Expert Market Research (EMR), the global kelp extracts market size is projected to grow at a CAGR of 7.20% between 2024 and 2032. Aided by the increasing awareness of the health benefits of kelp and its versatile applications, the market is expected to grow significantly by 2032.
Kelp, a type of large seaweed belonging to the brown algae family, is a rich source of minerals, vitamins, and other bioactive compounds. Extracts derived from kelp are highly valued for their nutritional and functional properties. They find extensive applications in industries ranging from food and beverage, agriculture, to cosmetics and pharmaceuticals.
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According to the kelp extracts market analysis, kelp extracts are used as natural flavour enhancers and nutrient supplements, owing to their high iodine, mineral, and antioxidant content. In agriculture, kelp extracts are increasingly popular as biostimulants, promoting plant growth and resilience. The cosmetic industry values kelp extracts for their hydrating, anti-aging, and skin-protective properties, making them a sought-after ingredient in skincare formulations.
The surge in consumer demand for natural and organic health products has significantly contributed to the popularity of kelp extracts. Meanwhile, the growing interest in umami flavours and nutrient-rich ingredients in the food industry further drives the demand for kelp extracts.
The Asia Pacific region, particularly countries like Japan, China, and South Korea, accounts for a significant portion of the kelp extracts market share, attributed to the long-standing cultural consumption and utilisation of kelp in various forms. North America and Europe also hold significant market shares, driven by increasing consumer awareness about the health benefits of kelp extracts and their rising application in organic farming practices.
The market, with its extensive range of applications and growing recognition of its health benefits, is poised for significant expansion in the coming years. While challenges in sustainable harvesting and regulatory compliance need to be addressed, the market’s potential in contributing to health, agriculture, and environmental sustainability remains immense. As industries and consumers increasingly seek natural, organic, and eco-friendly products, kelp extracts are set to play a crucial role in meeting these demands, thereby, influencing the kelp extracts market outlook.
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Kelp Extracts Market Segmentation
The market can be divided based on form, application, and region.
Market Breakup by Form
- Powder
- Liquid
- Flacks
- Others
Market Breakup by Application
- Food and Beverages
- Pharmaceuticals
- Animal Feed
- Cosmetics and Personal Care
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Kelp Extracts Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global kelp extracts market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nikken Foods Co.,Ltd.
- Annadata Organic Biotech
- COMPO EXPERT GmbH
- Herbo Nutra Extract Private Limited
- Kshipra Biotech Private Limited
- Others
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