As per the FMI analysis, the global kelp protein market size is anticipated to grow from USD 21.4 million in 2023 to USD 47.79 million by 2033. over the next ten years (2023 to 2033), global kelp protein sales are likely to soar at 8.4% CAGR.
Key Trends Listed by Future Market Insights (FMI):
The usage of kelp protein is increasing in different sectors like food & beverage, cosmetics, and personal care sectors. As the demand for natural products is increasing in various industries as it has several benefits like Vitamin B1, B2, B12, and B6 in general.
It has a nutritional food that is low in calories and beneficial nutrients such as potassium, iron, calcium, vitamin B12, vitamin A, magnesium, and iodine. It has nutrients based on protein sources that are generally considered to be more complete and have better absorption and muscle-building effects.
| Attributes | Key Insights |
|---|---|
| Estimated Global Market Size (2023E) | USD 21.4 million |
| Projected Market Value (2033F) | USD 47.79 million |
| Value-based CAGR (2023 to 2033) | 8.4% |
| Top 3 Countries’ Value | USD 18.9 million |
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| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 7.0% |
| Jul to Dec (H2), 2021 (A) | 7.6% |
| Jan to Jun (H1), 2022 Projected (P) | 8.1% |
| Jan to Jun (H1), 2022 Outlook (O) | 7.9% |
| Jul to Dec (H2), 2022 Outlook (O) | 9.1% |
| Jul to Dec (H2), 2022 Projected (P) | 8.8% |
| Jan to Jun (H1), 2023 Projected (P) | 7.9% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | 22 |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | 89 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | -27 |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 152 |
FMI analysis found that from 2018 to 2022, global sales of kelp protein increased at a CAGR of 9.0%, and The global market is anticipated to grow at an 8.4% CAGR over the following ten years.
The demand for vegan and vegetarian alternative proteins is increasing with the enormous expansion in the market. Nuts, seeds, tofu, quinoa, and tempeh are some of the vegan alternative proteins available in the market.
Additionally, consumer health awareness about dairy and animal food products is rising. As the knowledge about seaweeds. expanding seaweed protein applications for animals is expected to drive the worldwide protein market in the forecasted years.
Furthermore, the use of seaweed proteins increasing. As it helps to lose weight it has a significant effect on market growth. Consumers are moving towards a healthier lifestyle that includes high-nutrient, low-sugar foods and low-fat which drives the protein market.
Principal Consultant
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 6.1% |
| BPS Analysis | 160 |
| Market Value (2033) | USD 13.2 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 3.5% |
| BPS Analysis | 40 |
| Market Value (2033) | USD 5.8 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 4.1% |
| BPS Analysis | 90 |
| Market Value (2033) | USD 6.2 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 5.2% |
| BPS Analysis | 80 |
| Market Value (2033) | USD 7.3 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 5.5% |
| BPS Analysis | 100 |
| Market Value (2033) | USD 6.8 million |
Increasing Usage of Supplements Elevating the Kelp Protein Sales in The United States
As per Future Market Insights, the United States Kelp Protein market is expected to reach a valuation of around USD 13.2 million by 2033. It will therefore hold a prominent value share of 31.7% in the North America market.
There are several protein manufacturers in the United States and the consumption of health supplements is also high in the country. The United States has strict rules against the use of synthetic chemicals and synthetic food colors which encourages market expansion. It has a rich source of minerals, vitamins, and essential amino acids which makes it a nutritional ingredient for food and beverage products.
Professional athletes and fitness-conscious consumers in that region are consuming organic nutritional health supplements to preserve their overall health. As it has high in proteins, and other nutrients, it is commonly used in the production of dietary supplements.
In the United States, various manufacturers have made investments in modern manufacturing facilities and advanced technology, and skilled labor. This has resulted in increased efficiency in Protein production and lowered production costs.
So that the United States will retain its dominance in the market due to its market size, innovation, investment, and sustainability leadership.
Growing Popularity of Ethnic Cuisines Driving Kelp Protein Demand in India
According to FMI analysis, the India kelp protein industry is poised to exhibit a CAGR of 5.2% during the assessment period. By 2033, the Indian market size is expected to reach USD 7.1 million. It will therefore hold a prominent value share of 12.2% in the market.
In India, the food and beverage demand is increasing as a result of increased demand for processed food items as an increasing working population, and rapid urbanization. a significant impact on the kelp protein market. The demand for these proteins will grow among consumers as changes in healthier diets and these diets that are low in sugar and low in calories are also, high in protein.
The food & beverage industry is driven by organic food products and protein is used in various food and beverage and dietary supplement products. so the demand for these products is expected to increase and a high need for high-protein beverages also boosts the proteins during the forecasted time frame.
Increasing Usage of Kelp Protein in Traditional Dishes Boosting Sales in Japan
The demand in Japan is anticipated to rise at a steady CAGR of 5.5% during the forecast period from 2023 to 2033. Japan is likely to hold a market share of 11.4% in the market.
Japanese consumers consuming kelp and other marine food products from traditional times. Japanese food culture is heavily influenced by kelp and it is used for enhancing the flavors and nutritional benefits of the food as it has a high amount of protein.
It is mostly used in Japanese dishes including udon, kombu, and miso soup. Japanese consumers know about its health benefits so it is a tasty and nutritious addition to the diet. It contains some amount of umami which is a lesser-known taste along with sweet, bitter, salty, and sour. the umami adds meat flavors and savory.
Also, it has a unique food culture that values traditional ingredients and preparation methods. it is a versatile ingredient that can be used in a variety of traditional Japanese dishes, which may appeal to consumers who are interested in preserving and promoting Japanese food culture.
Demand in the Market Remain High for the Powder segment
Based on the form type, demand is expected to remain high for powder during the assessment period. FMI analysis shows that it has a market share of around 33.8%, and the powder segment is projected to reach a valuation of USD 8.6 million in 2033.
The powder form can be consumed in the form of a kelp supplement or a Super Greens product. Super greens contain blends of various superfoods, including kelp powder. It is used to improve bone and muscle health, it also helps ward off disease and aid with weight loss.
It has also some health benefits such as the kelp powder decreasing the growth of cancers and other diseases and even increasing the lifespan of human organs.
The Powder form is easily added to a variety of food and beverage products, such as smoothies, protein bars, and baked goods. This convenience makes it an attractive option for manufacturers and consumers who are looking for an easy way to incorporate plant-based and sustainable protein sources into their diets.
Also, the powder form can be used in a wide range of applications, from sports nutrition and functional foods. It has a neutral taste and texture which makes it a versatile ingredient that can be used in a variety of products without affecting the flavor or texture.
Consumer Preference High for Kelp Protein Dietary Supplement Segment
Based on the End Use, demand is expected to remain high in dietary supplements during the assessment period. As per Future Market Insights, with a market share of around 16.8%, the dietary supplement segment is projected to reach a valuation of 16.2 million in 2033.
Kelp contains several functional and nutritional properties which make it an attractive ingredient for manufacturers for the end-user segment.it is a complete protein, which contains all essential amino acids and minerals such as iron and calcium.
Consumers are consuming this protein as it has several health benefits which will be attracting consumers and manufacturers are using it in dietary supplements. it has essential for the thyroid and nutrients such as iron, calcium, and vitamins A, K, and C
Some of the kelp is harvested in its algin. Which is used to thicken ice cream and other food products. It is used in bread, toothpaste, hand lotion, and paints. iodine and potassium from kelp are used in the health industry as a dietary supplement. Research and development have also developed a way to make ultra-pure algin. It is used in the biomedical industry to keep organ transplants.
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Manufacturers are constantly launching a new range of products to meet consumer demand. They are using several strategies such as mergers & acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements to gain a competitive edge in the market.
For instance:
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 21.4 million |
| Market Forecast Value in 2033 | USD 47.79 million |
| Anticipated Growth Rate (2023 to 2033) | 8.4% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Form Type, End Use Application and Region |
| Key Companies Profiled | 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 |
The kelp protein market is worth USD 21.4 million in 2023.
The kelp protein market’s top 3 countries’ value share is worth USD 18.9 million.
The kelp protein market is predicted to surpass USD 47.79 million by 2033.
India’s kelp protein market is expected to hit USD 7.1 million by 2033.
The United States, Japan, and India dominate the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size in Value (USD Million) and Volume (MT) Analysis 2018 to 2022 and Forecast 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 7.1. Powder 7.2. Liquid 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Dietary Supplements 8.2. Food & Beverages 8.3. Animal Feed 8.4. Cosmetics & Personal Care 8.5. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Country-level Market Analysis, 2022 18. Market Structure Analysis 19. Competition Analysis 19.1. Aquaminerals B.V. 19.2. Qingdao Gather Great Ocean Algae Industry Group Co., Ltd. 19.3. Qingdao Seawin Biotech Group Co., Ltd. 19.4. Thermo Fisher Scientific Inc. 19.5. Kimica Corporation 19.6. CP Kelco 19.7. Gelymar S.A. 19.8. Qingdao Bright Moon Seaweed Group Co., Ltd. 19.9. Marinova Pty Ltd. 19.10. COMFORT ZONE - DAVINES S.p.A. 19.11. Kelpak 19.12. Cargill, Incorporated 19.13. Algaia S.A. 19.14. Acadian Seaplants Limited 20. Assumptions and Acronyms 21. Research Methodology
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Kelp Protein Market
