Seafood
extract are obtained from sea life animals such as fish, shellfish,
crab, lobster etc. after processing them. Use of seafood in various
industries such as pharmaceutical, cosmetic, food and paper industry
is increasing which in turn is driving the growth of seafood extracts
in global market. Seafood is considered as a healthy food for humans
as it contains nutrients which are utilized in body to prevent number
of diseases and also helps as a healthy diet. Seafood extract adds
flavour to the food if applied topically or used in stuffing and
filling in food products. Seafood extracts are available in paste,
powder, oil etc. forms to be used in food. Fish shell extract is used
in various cosmetic products which is increasing demand for the
seafood extract in global market.
Market
Segmentation: Seafood extracts
The
seafood
extracts market
is segmented on the basis of its applications in different industries
such as food industry, cosmetic industries, pharmaceutical
industries, agriculture industry, paper industry etc. In food
industry seafood extracts available in powder and other forms are
used in soups, marinades, salad dressings, snacks, appetizers etc. as
flavor enhancer. In cosmetic industry, crystalline guanine obtained
from fish extracts is used in shampoo, eye shadows, nail polish and
perfumes etc. which gives shiny effect to the product. Calcium
carbonate obtained from shell waste of crab is used in pharmaceutical
industry as a constituent of pills. In agricultural industry,
extracts obtained from seafood is used as a fertilizer.
The
seafood extracts market is segmented on the basis of end-product as
anchovy extract, clam extract, codfish extract, crab extract, lobster
extract, shrimp extract, taimi extract, katsuobushi extract, and
tangle extract etc. These seafood extract products are mainly
obtained in powder, paste, oil and flake forms to be used in various
industries.
The
seafood extract market is segmented on the basis of source as fish,
crab, lobster, seaweed and others. Fish and crab extracts are used
more comparatively than seaweed and lobster extracts.
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The
seafood extracts market is segmented on the basis of regions as North
America, Latin America, Europe, APAC and ME.
Global
Seafood Extracts Market: Regional Outlook
Depending
on geographic regions global Seafood Extracts market is segmented
into five key regions: North America, Latin America, Europe, APAC and
ME. Japan, China, South Korea and other Asian countries are the major
consumers of seafood extract. Europe and the U.S. are emerging
markets for seafood extracts and have seem to grow in forecast
period. MEA is also gaining interest in seafood extract products and
is expected to grow in near future.
Global
Seafood Extracts Market: Drivers and Trends
The
seafood extracts market is primarily driven by health conscious
consumer as seafood extract contains proteins and carbohydrates, as a
result of increasing awareness of healthy food consumption seafood
extract demand is increasing. Supermarket sale of seafood extract
food products is growing fast as a result of increasing popularity of
seafood extract products used in pasta, frozen fish and crab cakes
and seafood-based soups as topping or flavoring agent. Use of seafood
extracts in cosmetic industry is increasing as the demand for
cosmetic products like shampoo, nail paints, perfume and lipsticks is
increasing globally. Seafood extracts are also used as taste
enhancing flavours which is increasing demand for seafood extract
powder, paste and oils in food industry.
Global
Seafood extracts: Key Players
Some
of the key players identified across the value chain of the global
Seafood Extracts market include Nikken Foods, Acadian Seaplants Ltd.,
MC Food Specialties Inc., Manidharma Biotech Private Limited, Agri
Bio Care India, Kakusan Foods Co., Ltd., Suboneyo Chemicals
Pharmaceuticals (P) Limited, Sar Agrochemicals & Fertilizers Pvt.
Ltd., Sushil Corporation, Canada Oceanic are amongst.
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