Global Kelp Extracts Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Kelp Extracts Market Outlook

• Kelp extracts are added to improve feed utilisation while it is an excellent source of iodine. 
• In 2023, China led globally in meat production with a staggering 253,024,735 tons, and this is an indicator of its vast potential in animal husbandry and meat-making. 
• In second place, and once again behind its arch-rival, the next-largest country was the United States, producing 145,824,471 tonnes, which highlights the strength of its beef, pork, and poultry industries. 
• The country is a major meat exporter, with an output of 87,035,453 tonnes. It demonstrated how it is a prominent player in the provision of meat across the world and thus aiding the growth of kelp extracts market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Kelp Extracts Market Growth

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. Such factors are aiding to bolster the global kelp extracts demand.

Key Trends and Recent Developments

Kelp extracts are full of micronutrients, an excellent biofertilizer and used in cosmetic manufacturing; factors as these are developing new kelp extracts market dynamics and trends.

June 2023

Cascadia Seaweed launches first seaweed-based biostimulant. ReFeed Seaweed Extract is a natural liquid plant food, extracted from cultivated cold-water kelp and contains essential growth nutrients in many growing applications.

Great source of micronutrients

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 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.

Acts as an excellent biofertilizer

Due to their adequate levels of potassium, nitrogen, and growth-stimulating hormones, kelp extracts are regarded as one of the greatest biofertilizers. The use of kelp extracts in biofertilizers is a key trend in the kelp extracts market. The agriculture sector's rising demand for kelp extracts is anticipated to have a beneficial effect on market expansion.

Usage in cosmetics manufacturing

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 and boosting the kelp extracts market opportunities.

Kelp Extracts Market Trends

The growing innovations in the food and bakery sector is expected to augment the kelp extracts industry growth. Consumer 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.

Industry Outlook

Kelp Extracts is an Active Ingredient in The Manufacture of Animal Feed and Cosmetics Products.

Kelp extracts improve feed utilisation while serving as an excellent source of iodine. On the production front, India and Russia produced 33,784,089 tonnes and 33,434,451 tonnes, with both countries posting strong domestic consumption and a propensity for increased export potential. Germany produced 23,365,975 tonnes, making it the largest producing meat country in Europe. Following it are Mexico at 22,505,910 tonnes, an indicator of strong production to both domestic consumption and export potential into the United States. This is becoming a significant trend in the kelp extracts market and bolstering growth.

Spain and Argentina produced 22,249,417 tonnes and 18,528,745 tonnes, respectively, demonstrating their strong agricultural sectors. Argentina is a beef powerhouse. France took the last slots, with 16,167,700 tonnes, remaining a powerful European producer of meat, focusing on high-quality products for the national and export markets.

In that beauty and personal care market, extracts of kelp are in great demand for anti-ageing. All in all, the beauty and personal care sector reached its all-time 2022 global trade value of USD 62.3 billion, ranking at number 73 out of 1,218 categories within world trade. France emerged at the top of exporting countries, with export revenues amounting to USD 10.8 billion, giving witness to the intense influential character and high-profile recognition of the beauty and personal care market. The largest importer country is China, with an import value of USD 11.1 billion, reflecting its growing consumer market and increasing demand for beauty and personal care products.

Beauty and personal care products had a product complexity amounting to 0.21, the 493rd highest amongst the 1,033 product categories. Beauty and personal care products have captured 0.26% of world trade. Important growth lies in the small, but still niche, market share. While people remain concerned with personal grooming, skin care, and wellness, the kelp extracts demand growth is steadily growing.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Kelp Extracts Industry Segmentation

“Global Kelp Extracts Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Based on form, the market can be segmented into:

• Powder
• Liquid
• Flacks
• others

On the basis of application, the market is segmented into:

• Food And Beverages
• Pharmaceuticals
• Animal Feed
• Cosmetics And Personal Care
• Others

On the basis of region, the market can be divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Kelp Extracts Market Share

Liquid Form To Gain Traction For Its Usage Across Agricultural And Pharmaceutical Sector

As per kelp extracts market analysis, 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.

Kelp Extracts To Gain Prominence In The Food And Beverage Sector For Being A Thickening Agent

In the food sector, kelp extracts are used to make jellies, icings, sauces, aspics, and confectionery 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. According to kelp extracts industry analysis, 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 results in a favourable growth outlook for the kelp extracts market.

Due to its nutritional profile, kelp extracts find applications across various sectors.

• Kelp extracts are rich in nutrients and hence provide the vitamins, minerals, and antioxidants necessary for health and well-being.
• Kelp is a renewable resource and is used by various industries—food and beverages, cosmetics, and pharmaceuticals—in enhancing market demand.
• These extracts are known to offer several health benefits, including immunity booster, improvement in digestion, weight loss, etc., therefore drawing health-conscious consumers.
• Increasing demand for natural and organic products is likely to remain a driver for the kelp extract in many industries, pushing the demand of the kelp extracts industry.

High Production Cost, Regulatory Challenges and Synthetic Alternatives Can Reduce Its Market Share

• Incorporating different international regulations and standards on food safety, cosmetics, and pharmaceuticals is complex and involves high costs.
• Processing and extracting kelp can be an expensive exercise; therefore, it affects the overall pricing and thereby profits of the products based on kelp extracts.

The synthetic alternative and other natural extracts may steal market share from kelp extracts due to its availability.

• Climate change and ocean pollution may hurt kelp forests, hence affecting supply and quality of raw material and also negatively influencing the kelp extracts market revenue.
• Different regional regulations and standards can make market entry and compliance difficult, hence restraining its market growth.

Rising Health and Wellness Trend and End-use Applications Drive Demand.

• The rising health and wellness trend globally is offering immense opportunities to kelp extract products, primarily in dietary supplements and functional foods.
• Subsequent innovation in their methods of extraction and formulations of extracts increase the chances of new applications and improve the efficacy of extracts of kelp.
• Organic farming: Kelp extracts used as biofertilizers and soil conditioners provide a natural alternative to chemical fertilisers.
• Rising demand for naturals and sustainability in cosmetics makes it compelling for kelp extracts in skincare and personal care products, supporting the growth of the kelp extracts market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Kelp Extracts Market Regional Analysis

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.

The kelp extracts industry in 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.

Competitive Landscape

Key participants in the global kelp extracts market are engaged in funding research and development, diversification of product lines with new applications, and improvements in sustainability practices to match growing consumer demand and environmental requirements.

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.

Competitive Factors in Global Kelp Extracts Market

• Those companies that can ensure, prove, and verify the purity and quality of kelp extracts through certifications and testing will give them a competitive edge.
• Businesses committed to green harvesting and responsible sourcing practices appeal to eco-sensitive consumers and partners.
• Advances in extraction and processing technologies to enhance efficiency, yield, and quality give their owners a competitive edge.
• Companies can maintain compliance and certification to take on the competition in the global market.
• It has been and continues to be the prime factor for capturing and holding market share due to the value for money offered through products having a quality characteristic without any compromises.
• Continuous investments in R&D for discovering new applications, improving product formulations, and health-benefit validations may provide the impetus necessary to be ahead of market competition through innovation and enhance the kelp extracts industry revenue.
• Information about the benefits of kelp extracts can be passed on to the consumer through effective marketing strategies, while strong distribution networks might help ensure the availability of products.
• This might be what is needed for creating market penetration and, hence, market extension.
• Companies that remain agile and respond quickly to changes in the market are able to maintain an advantage in competitive markets.
• That is, matching product mix according to trends in health and wellness contemporary to the time, such as veganism, organic products, and superfoods, aids in capturing the attention of the health-conscious consumers who are one of the driving forces of the market.