Global Seaweed Extracts Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Seaweed Extracts Market 2021 (Includes Business Impact of COVID-19)
Global Seaweed Extracts Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global seaweed extracts market report has been segmented on the basis of forms, application, and region.
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The global Seaweed Extracts market size was valued at USD $2.33 billion in 2020 and is projected to reach $4.26 billion by 2030, and is anticipated to expand at a CAGR of 5.53% over the forecast period from 2020 to 2030.


Global Seaweed Extracts Market: Overview


Seaweed which is also called as microalgae. It is a group of the species belonging to marine plants and algae that grows within the ocean, lakes, rivers, and other related water bodies. Seaweed extracts are obtained through removing water content from seaweed plants, in order to extend their shelf life


Global Seaweed Extracts Market: Dynamics


Increasing awareness regarding health benefits by consumption or utilization of seaweed is one of the key factor expected to drive the global market growth. In addition, seaweed is a rich source of nutrients and has numerous medicinal properties and is used in multiple food products. Furthermore, these extracts consist of various properties including antioxidant, anti-aging, skin brightening, and soothing which will surge the demand for seaweed extracts among personal care and cosmetic products manufacturing companies. Increasing demand for organic food products along with clean label food items resulted in utilization of seaweed as a natural fertilizer in the agricultural industry. The aforementioned are additional factors projected to support the revenue growth of the global market over the forecast period.

However, some people may face an allergic reaction due to the utilization of seaweed food products and cosmetics. This is a major factor expected to hamper the global market growth over the forecast period.

Increasing R&D activities by manufacturers in order to extend product portfolio and launch of new products, strategic merger and acquisitions are currently major trend observed in the target market.


Global Seaweed Extracts Market: Segmental Analysis


Among the forms segments, the liquid segment is projected to account for the significant revenue shares of the global market, which is attributed to increasing application of liquid seaweed as a natural fertilizer for stimulating growth of the plants.

Among the application segments, the food and beverages segment is expected to register significant growth over the forecast period.  This can be attributed to the increasing consumption of cross-cultural cuisines globally.


Global Seaweed Extracts Market: Regional Analysis


Seaweed extracts market in Asia-Pacific is expected to account for the significant revenue shares of the target market, owing to the availability of the different species of seaweed and large-scale agricultural operations. In addition, countries such as Indonesia, Japan, and China are some of the largest suppliers of commercial seaweed, which is expected to support the revenue growth of the target market in the region. North America is expected to register significant growth over the forecast period. This can be attributed to increasing awareness regarding benefits offered by the seaweed extracts such as vitamin and mineral contents.


Below are the active patents related to Seaweed Extracts Market.


Patent Number: CN102488253B

Preparation method of active seaweed extract

Abstract

The invention provides a preparation method of an active seaweed extract. The method comprises the steps of: seaweed selecting, impurity removing, weak acid washing, mincing and homogenizing, curing and sterilization under high temperature and high pressure as well as polysaccharide component degradation, pH adjustment, probiotic fermentation, and adding of alginate oligosaccharide for blending. The obtained liquid product is an active seaweed extracting solution, or it can be prepared into active seaweed extract powder through drying, and the extracting solution and the extract powder are collectively called an active seaweed extract. The active seaweed extract prepared in the invention reserves algae iodate, mannitol, inorganic salts, trace elements and other components, and the protein and polysaccharide components in seaweeds are degraded and easy to absorb. Added with probiotics, secondary metabolites, and low molecular weight seaweed polysaccharide, the active seaweed extract of the invention has better biological activity, and can remove harmful heavy metals so as to improve the security of the seaweed extract.

Application filed Date: 2011-12-28

Application granted Date: 2013-01-30

Current Assignee: Qingdao Bright Moon Seaweed Group Co., Ltd.

Global Seaweed Extracts Market Segmentation:

Segmentation by Forms:

  
Tablets
  
Powder
  
Liquid
  
Flakes

Segmentation by Application:

  
Food & Beverages
  
Dietary Supplements
  
Healthcare & Life Sciences
  
Filtration
  
Agriculture
  
Cosmetics


Key Market Players included in the report:


  
AJ Products Pty Ltd
  
Alga-Net and AlgAran Seaweed Products Ireland.
  
AlgAran Seaweed Products (Ireland)
  
Algea, the Arctic Company (Norway)
  
Arihant Bio Fertichem Pvt. Ltd.
  
Aveeno Active Naturals (US)
  
Chase Organics and Ocean Harvest Technology
  
Grow More Inc. (US)
  
Humate (Tianjin) International Limited (China)
  
Indigrow Limited
  
J&JCI
  
Kelp Products International (South Africa)
  
Mycsa AG (US)
  
North American Kelp
  
Ocean Organics, Natural and Organic Fertilizers (US)
  
Quingdao Nanshan Seaweed Co. Ltd. (China)
  
Saosis Biotech Private Limited
  
Shigawake Organics Ltd. (Canada)
  
Suboneyo Chemicals & Pharmaceuticals P Limited (India)
  
Tagrow Co. Ltd. (China)
  
Technaflora Plant Products Ltd (China)
  
Technaflora,
  
Unilever
  
West Coast Marine Bio-Processing Corp. (Canada)
  
Yash Chemicals