Global Seafood Extracts Market Report By Form (Powder, Liquid), By Product Type (Anchovy Extract, Tuna Extract, Clam Extract, Codfish Extract, Crab Extract, Lobster Extract, Shrimp Extract, Seaweed Extract, Kelp Extract, Other Seaweed Extracts, Other Types), By Application (Food Industry, Cosmetics Industry, Pharmaceuticals Industry, Agriculture Industry) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Seafood Extracts Market is presumed to reach the market size of nearly USD 21.37 BN by 2030 from USD 11.22 BN in 2022 with a CAGR of 7.42% under the study period 2023 - 2030.

Seafood extracts have recently gained immense momentum as healthier alternatives to meat. Seafood extract is not only considered a healthy food for humans but is also used as a taste enhancer in food. Seafood extracts are a natural product obtained from different seafood sources such as cod, pollock, shrimp, and lobster. Seafood extract is available in several forms, such as powder, paste, and oil. Seafood extracts have numerous applications across multiple industries, including food, cosmetics, pharmaceutical, and agriculture. 

Market Dynamics 

The global seafood extracts market is witnessing growth due to the health consciousness amongst the consumer, as the seafood extract contains proteins and carbohydrates. Moreover, the growing popularity of seafood extract products used in the food industry is also propelling its growth at the global level. In addition, the use of seafood extracts in manufacturing cosmetic products is mostly influenced since consumers today are more inclined toward products made with natural ingredients. Furthermore, the manufacturers view the use of seafood extracts as food ingredients in making sauces, dips, and flavourings as an opportunity. However, the depleting marine resources due to the pressure of heavy demand may hamper the growth of the global seafood extract market.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of seafood extracts. The growth and trends of seafood extracts industry provide a holistic approach to this study. 

Market Segmentation

This section of the seafood extracts market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Form

• Powder
• Liquid

By Product Type

• Anchovy Extract
• Tuna Extract
• Clam Extract
• Codfish Extract
• Crab Extract
• Lobster Extract
• Shrimp Extract
• Seaweed Extract
• Kelp Extract
• Other Seaweed Extracts
• Other Types

By Application

• Food Industry
• Cosmetics Industry
• Pharmaceuticals Industry
• Agriculture Industry

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Seafood Extracts market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Seafood Extracts Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the seafood extracts market include Acadian Seaplants Ltd., CP Kelco, Del-Val Food Ingredients, Givaudan S.A., Kakusan Foods Co., Ltd., Lysi hf, Manidharma Biotech Private Limited, Mitsubishi Corporation, Nikken Foods Co., Ltd., North American Kelp, North Marine Ingredients, Norway Seaweed, PT. Jinyoung, Suboneyo Chemicals Pharmaceuticals (P) Limited, Valagro. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.