The kelp protein market is poised for significant growth, with a projected market value of US$47.79 million by 2033. This translates to a compelling CAGR (Compound Annual Growth Rate) of 8.4% over the next decade, according to Future Market Insights (FMI).
This surge in demand is driven by a confluence of factors:
Nutritional Powerhouse: Kelp protein is packed with essential nutrients, including protein, carbs, healthy fats, and minerals like iodine, magnesium, and folate. Notably, its amino acid profile mirrors that of other commonly consumed proteins, making it a valuable addition to various diets.
Culinary Delights and Functional Benefits: Kelp protein has long been a staple in Japanese cuisine, featuring in dishes like miso, soup, and udon. Beyond culinary applications, kelp protein is gaining traction in the health and wellness industry as a natural source of essential nutrients.
Natural Beauty Boost: The cosmetics and personal care industry is embracing kelp protein for its potential skin and hair benefits. Consumers increasingly seek natural alternatives to chemical-based products, making kelp protein an attractive ingredient for manufacturers.
Dietary Supplement Powerhouse: Kelp protein finds its place in dietary supplements, providing a wealth of vital elements like minerals, vitamins, and amino acids to support overall health. The growing emphasis on preventative healthcare, coupled with a global shift towards healthier lifestyles, is fueling the demand for kelp protein in this sector.
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Key Takeaways from Kelp Protein Market Report:
- By 2033, the market for kelp protein is projected to be worth US$ 47.79 million.
- Over the projection period, the demand for kelp protein is anticipated to grow at a rate of 8.4% CAGR.
- By 2033, the powder market is projected to be worth US$ 8.6 million, depending on the form type.
- The dietary supplement market is anticipated to grow at a 5.5% CAGR by end-use application during the forecast period.
- By 2033, the global market is expected to be dominated by the United States, with a value share of 31.7%.
- By 2033, it is anticipated that the United States kelp protein market would be worth US$ 13.2 million.
- During the forecast period, the value CAGR for the Japanese market is predicted to be 5.5%.
“One of the major drivers of the kelp protein market is increasing consumer demand for plant-based protein alternatives, particularly in the food and beverage industry. Kelp protein is also gaining popularity in the animal feed industry due to its high protein content and sustainability credentials. Manufacturers would find growth opportunities by focusing on various Applications to meet niche preferences,” – says a lead analyst at Future Market Insights (FMI).
Who is Winning?
Qingdao Gather Great Ocean Algae Industry Group Co., Ltd., Qingdao Seawin Biotech Group Co., Ltd, Aquaminerals B.V., Thermo Fisher Scientific Inc., Kimica Corporation, CP Kelco, Gelymar S.A., Qingdao Bright Moon Seaweed Group Co., Ltd., Marinova Pty Ltd., COMFORT ZONE – DAVINES S.p.A., Kelpak Cargill, Incorporated, Algaia S.A., Acadian Seaplants Limited.
These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,
- In 2021, Parabel USA, a producer of plant-based proteins, launched its new kelp protein ingredient, LENTEIN™ Kelp. The ingredient is made from whole kelp and is marketed as a sustainable and nutritious alternative to traditional protein sources.
- In 2020, Ocean Harvest Technology launched its new kelp protein concentrate, OHT-KPC. The concentrate is made from sustainably harvested kelp and is marketed as a high-quality protein source for use in animal feed.
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Kelp protein market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the kelp protein market based on Form (Powder, Liquid), and End Use applications (Dietary supplements, Food & beverages, Animal feed, Cosmetics & personal care, Others) across various regions.
Market by Categorization:
By Form:
- Liquid
- Powder
By End Use:
- Dietary supplements
- Food & beverages
- Animal feed
- Cosmetics & personal care
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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