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 associated with seaweed and its derivatives, along with growing applications in various sectors such as food, cosmetics, and agriculture, the market is expected to grow significantly by 2032.
Kelp, a type of large brown seaweed, grows in shallow oceanic waters and is known for its high nutritional value and rich content of iodine, minerals, antioxidants, and fibre. Extracts from kelp are widely utilized due to their health-promoting properties and are commonly found in the form of powders, liquids, and capsules. These extracts are not only used as nutritional supplements but also serve as bio-stimulants in agriculture and functional ingredients in skincare products.
The primary driver of the global kelp extracts market growth is the heightened consumer interest in natural and organic products. As people become more health conscious, the demand for natural supplements and organic foods that offer enhanced nutritional benefits, like those provided by kelp extracts, has significantly increased.
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In the agricultural sector, kelp extracts are increasingly used as organic bio-stimulants. They promote plant growth and yield by enhancing soil nutrition and providing plants with essential hormones and nutrients. As per the kelp extracts market analysis, this application is gaining traction, especially in organic farming, due to the growing global demand for sustainable agricultural practices.
The cosmetic sector also contributes substantially to the demand for kelp extracts. Kelp’s hydrating, anti-ageing, and skin-nourishing properties make it a valuable ingredient in the formulation of creams, serums, and masks, particularly in the natural and organic beauty products market.
As per the kelp extracts market outlook, kelp extracts are also utilized in agriculture as organic fertilizers and soil conditioners. They contain various nutrients and growth-promoting compounds that can improve soil health, enhance plant growth, and increase crop yields. As sustainable farming practices gain momentum, the demand for kelp extracts in agriculture is likely to increase. Kelp extracts are being incorporated into animal feed formulations for livestock, poultry, and aquaculture to enhance nutritional value, promote growth, and improve overall animal health. This trend is driven by the demand for sustainable and organic alternatives to conventional feed additives and supplements.
Innovation in extraction techniques that increase the efficiency and purity of kelp extracts is a major trend within the kelp extracts market Advanced technologies, such as cold-press extraction and enzymatic hydrolysis, are being employed to maintain the integrity of active compounds in kelp, enhancing their efficacy in end-use applications.
The environmental sustainability of kelp farming is a significant advantage in the market. Kelp cultivation does not require fertilisers, pesticides, or land, and it helps improve water quality by absorbing nutrients and carbon dioxide. These environmental benefits are driving the support of regulatory bodies and NGOs, promoting the use of kelp extracts, which can boost the kelp extracts market share.
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Asia-Pacific dominates the global market, led by countries such as China, South Korea, and Japan, where seaweed consumption is a traditional part of the diet. The region’s vast coastline supports extensive kelp farming, making it a major producer and consumer of kelp extracts. North America and Europe are also notable markets, with increasing consumer preferences for organic and natural products boosting the demand for kelp extracts. These regions are hubs for innovation in health supplements and organic cosmetics, further propelling market growth.
Looking forward, the market is expected to continue its growth trajectory due to the ongoing trend towards natural products and the expanding applications of kelp extracts in various industries. The development of innovative and sustainable extraction methods and increased cultivation of kelp are likely to open new avenues for kelp extracts market expansion.
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
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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