The ‘Global Kelp Extracts Market Share, Size, Growth, Analysis, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global kelp extracts market, assessing the market on the basis of its segments like form, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Kelp Extracts Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.20%
Rising concerns regarding physical appearances and prevalence of social media are bolstering the demands for healthy snack options globally. Increased preference of snacks made from kelp extracts due to their low calory content and high levels of alginate which has weight loss properties is anticipated to drive the growth of the kelp extracts market.
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Kelp extracts contain an abundance of vitamins, minerals, and macronutrients and are frequently employed as functional ingredients. They are often used in health supplements and pharmaceutical manufacturing industries due to their low fat and high antioxidant content. Kelp extracts are rich in iodine which plays an essential role in the synthesis of thyroid hormone. Ongoing research and development operations for herbal and organic products are also expected to have a positive impact on the growth of the kelp extract market.
As the applications of kelp extracts as gelling and thickening agents increases, the rising popularity of baked goods and growing innovations in their preparations are expected to offer significant opportunities to the market for kelp extracts. Growing consumption of kelp extracts in the form of health supplements in order to improve the immune system and regulate calcium absorption is expected to further contribute towards the kelp extracts market growth.
Kelp Extracts Industry Definition and Major Segments
Kelp extracts are derived from kelp seaweeds, of which Laminaria leads the production of brown algae that is essential for making kelp extracts. The key features of kelp extracts include availability of wide quantities of growth hormones including cytokinin, gibberellins, and auxins that promote cell division and aid in elongation of root systems. They also contain significant proportions of amino acids, micronutrients, vitamins, and trace minerals.
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On the basis of form, the market is divided into:
Based on application, the market is segmented into:
• Food and Beverages
• Animal Feed
• Cosmetics and Personal Care
On the basis of region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Kelp Extracts Market Trends
The key trends propelling the kelp extracts market growth include rising demands from agriculture sector due to growing population. As kelp extracts contains high levels of nitrogen, phosphorus and potassium (NPK), iron phosphate, and magnesium sulphate it has wide applications as a plant growth stimulator and is frequently added to fertilisers. Kelp extracts also supplies essential micronutrients such as zinc and boron, among others, to aid in the overall development of the plant. Regular application of kelp extracts results in improved crop yield, increased soil fertility, and enhanced plant growth.
The thriving self-care sector has increased the demands for kelp extracts as they are able to impart antioxidant effects which in turn leads to reduced oxidative stress and anti-ageing effects. The high amino acid content promotes collagen production which provides a youthful appearance to the skin, whereas minerals such as zinc and magnesium result in decreased inflammation and aid in restoring the health of hypersensitive skin.
Health benefits of kelp extracts such as diabetes control, prevention of anaemia and thyroid maintenance, is another crucial trend in the kelp extracts market. They can aid in regularising and avoiding several health conditions and improve the quality of life of the patient.
Key Market Players
The major players in the global kelp extracts market report are Nikken Foods Co., Ltd., Annadata Organic Biotech, COMPO EXPERT GmbH, Herbo Nutra Extract Private Limited, and Kshipra Biotech Private Limited, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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