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Global Kelp Extracts Market Share, Size, Trends, Growth, Analysis, Opportunity, Forecast: By Form: Powder, Liquid, Flacks, Others; By Application: Food and Beverages, Pharmaceuticals, Animal Feed, Cosmetics and Personal Care, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Kelp Extracts Market Outlook
The global kelp extracts market size is expected to grow at a CAGR of 7.20% between 2024 and 2032, driven by the increasing applications of kelp extracts in various forms.
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Key Trends in the Market
Kelp extracts are components taken from a form of seaweed known as kelp which is rich in many healthy nutrients. The plant species Laminaria produces the brown algae that is used to make kelp extracts. The most essential component of kelp is its abundance of growth hormones, including cytokinins, auxins, and gibberellins, which promote cell division and the development of larger root systems. Kelp also includes significant amounts of trace minerals, micronutrients, amino acids, and vitamins.
- Kelp extracts are a good source of specific macronutrients, minerals, and vitamins, and are thus employed as functional ingredients. They are frequently used in the manufacture of nutritional supplements and in the pharmaceutical industry because they are typically low in fat and high in carbs and antioxidants. The kelp extracts market will likely grow as a result of increasing consumption of snacks and medicinal products containing kelp as they include high levels of alginate, which aids in weight loss.
- Due to their adequate levels of potassium, nitrogen, and growth-stimulating hormones, kelp extracts are regarded as one of the greatest bio fertilisers. The agriculture sector's rising demand for kelp extracts is anticipated to have a beneficial effect on market expansion.
- There has been a significant increase in demand for cosmetic items as a result of increased living standards and consumer awareness. This has resulted in a favourable growth outlook for the kelp extracts market in cosmetics and personal care products. Since kelp is renewable, abundant, and contains valuable bioactive substances that can be used as ingredients, additives, and active components in the creation of skincare products, it offers several advantages which are supporting the market growth.
Opportunities and Challenges in the Market
The growing innovations in the food and bakery sector is expected to provide significant growth opportunities to the market for kelp extracts. Consumers preference for products has been considerably impacted by rising bakery product demand, expanding acceptance of foods with lengthy shelf lives, and growing adult population with changing lifestyle patterns. The kelp extracts market is anticipated to experience tremendous growth prospects as a result of consumer preferences driving large food companies to adopt ingredients that lengthen the shelf life of their finished goods.
Since the kelp extraction procedure is intricate, it results in significant production costs, thus posing a challenge for market growth. The need for clean label products is another factor limiting the market's expansion for kelp extracts.
Global Kelp Extracts Market Analysis
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Based on form, the market can be segmented into powder, liquid, and flacks, among others. On the basis of application, the market is segmented into food and beverages, pharmaceuticals, animal feed, and cosmetics and personal care, among others. The regional markets for kelp extracts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global kelp extracts market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Nikken Foods Co., Ltd.
- Annadata Organic Biotech
- COMPO EXPERT GmbH
- Herbo Nutra Extract Private Limited
- Kshipra Biotech Private Limited
- Others
Market Share by Form
Liquid forms of kelp extracts account for a significant portion of the market due to their strong demand in the pharmaceutical and agricultural industries. The manufacture of liquid kelp extracts for use in pesticides and fertilisers, together with growing plant stress tolerance, is anticipated to significantly accelerate the growth of the kelp extracts market globally. The flacks segment is expected to have significant expansion given that they are employed in food products like snacks.
Kelp is used in vegetable and flower gardens, potting soil, field crops, and turf grass when it is in powder form. These are in significant demand in nations with large agricultural sectors, such as India.
Market Share by Application
In the food sector, kelp extracts are used to make jellies, icings, sauces, aspics, and confectionary and are employed as thickening and gelling agents. It is a powerful commercial dietary food because it facilitates weight loss, cholesterol reduction, and improved digestion.
As natural ingredients have become increasingly popular in recent years, kelp extracts are being used by numerous cosmetic and personal care product manufacturers worldwide. As a result, manufacturers of cosmetics and personal care items are generating significant demand for the global kelp extracts market. There has been a noticeable increase in demand for cosmetic items as a result of increased living standards and consumer awareness. This is resulting in a favourable growth outlook for the kelp extracts market.
Market Share by Region
The market for kelp extracts is dominated by Asia Pacific, with India, China, and South Korea among the biggest regional markets. In India, kelp extracts are used for crops to support improved production of fruits, vegetables, and flowers as they strengthen plants' natural defences against pests.
North America, led by the United States, has a significant share in the kelp extracts market due to its use in the food industry and ongoing research and development activities for organic and herbal goods. Furthermore, due to their high protein and nutritional value, their demand in the food industry in Europe has increased.
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Competitive Landscape
Nikken Foods Co., Ltd., with its headquarters in the United States, is one of the top suppliers of premium, whole food ingredients to the food industry worldwide. Products in Nikken's portfolio are rich in umami and kokumi flavours and include soy sauce powders, vegetable and mushroom extract powders, seafood extract powders, and specialised goods.
Annadata Organic Biotech, which has its headquarters in India, is one of the top producers and exporters of a wide variety of organic fertilisers, agricultural fertilisers, bio fertilisers, granulated fertilisers, and organic insecticides, among others. The company was established in 2010 and produces, exports, and supplies plant growth regulators.
COMPO EXPERT GmbH is a global business with 22 sales offices across Asia, Africa, North and South America, and Europe with its headquarters in Germany. The company operates four of its own fertiliser plants in Deinze (Belgium), Krefeld (Germany), La Vall d'Uixó (Spain), and Patras (Greece), producing high-quality specialty fertilisers and biostimulants. It provides expert users with secure solutions for the growing of fruits, vegetables, turf and public greens, field crops, as well as nursery plants and ornamentals.
Other market players include Herbo Nutra Extract Private Limited and Kshipra Biotech Private Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Kelp Extracts Market Analysis
8.1 Key Industry Highlights
8.2 Global Kelp Extracts Historical Market (2018-2023)
8.3 Global Kelp Extracts Market Forecast (2024-2032)
8.4 Global Kelp Extracts Market by Form
8.4.1 Powder
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Flacks
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Kelp Extracts Market by Application
8.5.1 Food and Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Pharmaceuticals
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Animal Feed
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Cosmetics and Personal Care
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Kelp Extracts Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Kelp Extracts Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Kelp Extracts Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Kelp Extracts Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Kelp Extracts Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Kelp Extracts Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nikken Foods Co.,Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Annadata Organic Biotech
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 COMPO EXPERT GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Herbo Nutra Extract Private Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Kshipra Biotech Private Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Kelp Extracts Market: Key Industry Highlights, 2018 and 2032
2. Global Kelp Extracts Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Kelp Extracts Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Kelp Extracts Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Kelp Extracts Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Kelp Extracts Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Kelp Extracts Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Kelp Extracts Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Kelp Extracts Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Kelp Extracts Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Kelp Extracts Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Kelp Extracts Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Kelp Extracts Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Kelp Extracts Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Kelp Extracts Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Kelp Extracts Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Kelp Extracts Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Kelp Extracts Market Structure.
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.20% between 2024 and 2032.
The major drivers of the market include the rising consumption of snacks and medicinal products, ongoing research and development operations in organic and herbal goods, high protein and nutritional value of kelp extracts, and growing innovations in the food and bakery sector.
The rising demand from the agriculture sector and an increase in demand for cosmetic items are the key trends propelling the growth of the market.
Based on form, the market can be segmented into powder, liquid, and flacks, among others.
On the basis of application, the market is segmented into food and beverages, pharmaceuticals, animal feed, and cosmetics and personal care, among others.
The major regions in the kelp extracts market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are Nikken Foods Co., Ltd., Annadata Organic Biotech, COMPO EXPERT GmbH, Herbo Nutra Extract Private Limited, and Kshipra Biotech Private Limited, among others.
The most essential nutritional components of kelp are its abundance of growth hormones, such as cytokinins, auxins, and gibberellins, which encourage cell division and the development of larger root systems. Kelp extracts also include significant amounts of trace minerals, micronutrients, amino acids, and vitamins.
Carotenoids and flavonoids are two types of antioxidants that are abundant in kelp extracts.
Toxins from the gastrointestinal system are absorbed by the sodium alginate found in seaweed, particularly kelp.
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