The global marine excipient market size is estimated to reach US$ 716.3 million in 2023. Due to increasing demand from several industries, sales of marine excipients are predicted to rise with a CAGR of 6.5% during the forecast period. Total valuation is set to reach US$ 1,344.9 million by 2033.
Attributes
Key Insights
Estimated Marine Excipient Market Size (2023E)
US$ 716.3 million
Projected Marine Excipient Market Value (2033F)
US$ 1,344.94 million
Value-based Marine Excipient Market CAGR (2023 to 2033)
6.5%
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Key Trends in the Marine Excipient Industry Shaping Growth include
Rising demand for sustainable and natural ingredients in the food and beverage sector.
Growing popularity of marine-derived compounds due to their valuable qualities and health advantages.
Expanding product offers using fresh and cutting-edge marine excipients.
Adoption of marine excipients by food producers to improve product quality and appeal to consumers who care about their health.
Development of cutting-edge extraction and processing methods to fully use marine materials.
Adoption of sustainable sourcing practices and certifications by excipient suppliers for maritime applications to meet the growing demand for eco-friendly ingredients.
Integration of technology and data analytics into marine excipients' manufacturing and supply chain administration.
Marine excipients are derived from maritime sources such as algae, seaweed, and marine animals. They are considered environment-friendly and sustainable, aligning with the increasing consumer preference for eco-conscious products.
Marine excipients are used in several applications due to their distinctive functional characteristics, thereby driving their demand. For instance, seaweed extracts can improve the texture, shelf life, and sensory qualities of food products by thickening, stabilizing, emulsifying, and enhancing flavor.
Growing adoption of marine excipients in the thriving pharmaceutical industry is expected to boost sales. These excipients offer unique functional properties that can enhance the performance of pharmaceutical formulations.
For instance, certain seaweed extracts possess excellent gelling and thickening properties, making them suitable for controlled drug release applications or improving the viscosity and stability of liquid formulations. These properties allow for better drug delivery and enhanced patient experience.
The application of marine excipients in the pharmaceutical industry gives drug scientists more opportunities to experiment with novel formulations and delivery methods. These excipients can be used in several dosage forms, including tablets, capsules, gels, and transdermal patches.
2018 to 2022 Global Marine Excipient Market Insights Vs. Future Forecast
The global marine excipient market witnessed a compound annual growth rate (CAGR) of 6.4% from 2018 to 2022. Over the forecast period, sales of marine excipients are predicted to rise at 6.5% CAGR.
Historical CAGR (2018 to 2022)
6.4%
Forecast CAGR (2023 to 2033)
6.5%
Marine excipients are helpful in a variety of applications due to their functional qualities and adaptability. Using sustainable and natural ingredients in several industries, including pharmaceuticals, has become increasingly popular worldwide. Because they come from marine sources, marine excipients fit this trend and are becoming increasingly popular as natural substitutes.
Pharmaceutical companies and excipient producers have been investing in research and development to investigate the potential of excipients originating from marine sources. This entails looking for fresh marine sources, streamlining the extraction procedure, and comprehending the practical applications of these excipients.
Interest in special excipients has increased due to the creation of novel medication formulations and delivery methods. The potential of marine excipients to provide enhanced bioavailability and controlled release formulations is encouraging their adoption in the pharmaceutical sector. This will boost the target market.
Marine excipients are used in pharmaceutical formulations and drug delivery systems. This broad applicability is likely to fuel global marine excipient demand during the assessment period.
The bioactive substances, vitamins, minerals, and antioxidants found in marine excipients may offer extra health advantages in pharmaceutical applications. These substances help the medication's therapeutic benefits, enhancing patient well-being and minimizing adverse effects.
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Latest Trends, Hindrances, and Opportunities in Marine Excipient Market
Attributes
Key Factors
Trends
Natural Excipients: Growing demand for natural and bio-based excipients in pharmaceutical and nutraceutical sectors.
Sustainability: Rising importance of sustainability globally.
Research: Current efforts will probably focus on finding new oceanic sources for excipients and streamlining extraction procedures.
Growth Hindrances
Limited Availability: The supply chain for marine excipients can be impacted by environmental problems brought on by overexploitation of marine environments.
Extraction Procedures: Removing excipients from marine sources requires difficult and expensive extraction procedures.
Upcoming Opportunities
Sustainable Products: Marine excipients benefit from the increased demand for natural and sustainable ingredients in medicines and other industries.
Comparative View of Adjacent Marine Excipient Market
The section covers a comparative view of three businesses similar to the marine excipient market. As per estimations, the seaweed protein market would lead out of the three businesses. The demand for marine excipients is set to surge at a CAGR of 6.5% by 2033. The marine enzyme and seaweed protein markets are expected to rise at CAGRs of 6.8% and 11.3%, respectively, in 2033.
Marine Excipient Market:
Attributes
Marine Excipient Market
CAGR (2023 to 2033)
6.5%
Growth Factor
Rising applications in pharmaceutical, food & beverage, and other industries will boost growth of marine excipient market.
Restraining Factor
High cost and limited availability of marine excipients are negatively impacting market growth.
Key Trends
Development of new and inventive products by pharmaceutical businesses, producers of excipients, and academic organizations will create growth prospects.
Marine Enzymes Market:
Attributes
Marine Enzymes Market
CAGR (2023 to 2033)
6.8%
Growth Factor
Rising usage of marine enzymes in several industries due to their potential for sustainability and environmental friendliness is expected to drive market growth.
Restraining Factor
Market expansion can be hampered by end users' and customers' ignorance about the advantages and uses of marine enzymes.
Key Trends
Producers concentrate on creating marine excipients with enhanced stability, drug delivery, and other required qualities for several kinds of pharmaceutical goods.
Seaweed Protein Market:
Attributes
Seaweed Protein Market
CAGR (2023 to 2033)
11.3%
Growth Factor
Rising inclination towards plant-based proteins and utilization of seaweed protein in manufacturing food and beverages and cosmetics are expected to drive market growth.
Restraining Factor
When compared to other plant-based proteins, the variety of products containing seaweed protein could be restricted.
Key Trends
Growing popularity of seaweed protein among health-conscious consumers will likely boost sales through 2033.
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Country-wise Insights
The table below highlights the anticipated growth rates of different countries. Among these, China and Japan are expected to remain highly lucrative markets for marine excipient companies, exhibiting a CAGR of 7.5% and 6.5% respectively. The United States and India are anticipated to follow with CAGRs of 5.5% and 6.2%, respectively, through 2033.
Countries
CAGR
United States
5.5%
United Kingdom
4.1%
China
7.4%
India
6.2%
Japan
6.5%
Rising Usage in Pharmaceutical Industry Driving Demand in the United States
The United States marine excipient market size is expected to reach US$ 287.4 million by 2033. Over the forecast period, demand for marine excipients in the United States is set to rise at a CAGR of 5.5%. This is attributable to rising applications of marine excipients in the United States pharmaceutical industry.
The pharmaceutical industry in the United States is exploring new excipient possibilities to enhance drug delivery mechanisms, increase stability, and optimize formulations. Marine-based excipients offer advantages such as controlled release, solubility, and higher bioavailability for drugs and dietary supplements.
The use of natural and secure ingredients is also encouraged by the United States Food and Drug Administration (FDA) regulatory organization. The increased demand for marine excipients results from both their regulatory backing and their useful qualities.
Marine excipients have unique qualities that can help create better medication delivery systems. To ensure sustained and regulated release of the active pharmaceutical components, some marine excipients, for instance, have gelling or thickening qualities that can aid in drug release management.
Availability of Abundant Resources Boosting China Market
China marine excipient market is poised to advance at a CAGR of 7.4% during the assessment period. Total valuation in the country is expected to reach US$ 56.7 million in 2023. This is due to easy availability of raw materials and increasing adoption of marine excipients in food & beverage and cosmetics industries.
Due to the vast expanse of shoreline in China, seaweed, algae, and other marine species are abundantly accessible as raw materials for marine products. This natural bounty gives China a competitive edge in sourcing and production through advanced technology utilization.
China’s state-of-the-art manufacturing infrastructure supports the large-scale production of marine excipients. Modern facilities with cutting-edge tools enable effective production, processing, and manufacturing operations. Both domestic and foreign markets benefit from this capacity to fulfill their requirements efficiently.
China has established itself as a leader in producing, consuming, and exporting marine extracts. This is due to its extensive knowledge of marine biotechnology, abundance of marine resources, robust technological advancements, and significant government support.
Extensive Usage in Cosmetics Industry Fueling Sales in Japan
Japan is expected to hold 2.9% market share of marine excipients globally, reaching a valuation of US$ 39.0 million by 2033. Sales of marine excipients in Japan are projected to rise at 6.5% CAGR during the assessment period.
Several factors are expected to drive sales in Japan through 2033. These include advanced aquaculture sector, proficiency in marine biotechnology, robust demand for marine drug formulation ingredients, and rising usage of marine excipients in cosmetics and food sectors.
Japan has a long history of utilizing seaweed, such as nori, wakame, and Kombu, in traditional cuisine and several applications. This rich marine biodiversity contributes to Japan's prominence in the marine excipient market.
Natural and high-quality ingredients are more in demand in Japan's well-established cosmetic and personal care industry. Marine excipients are extremely popular in the Japanese cosmetics industry due to their unique characteristics and potential skin and hair care advantages.
Rising Preference Towards Natural Alternatives Driving Demand in India
As per the latest analysis, demand for marine excipients in India is anticipated to rise at 6.2% CAGR during the forecast period. It will likely emerge as a highly lucrative market for marine excipient manufacturers across South East Asia.
India's emphasis on sustainability and environmental responsibility is significantly impacting the pharmaceutical sector. Products like marine excipients sourced responsibly are preferred in industries like pharmaceuticals and food & beverages.
There is a growing desire for natural and organic compounds across India. This is expected to elevate demand for marine excipients during the forecast period. The country is also witnessing healthy competition when it comes to cost and performance of marine excipients. Companies that can provide cost-effective and high-quality products will likely succeed in India.
Growing Demand for Sustainable Excipients Spurring Growth in the United Kingdom
The United Kingdom marine excipient industry is expected to thrive at a CAGR of 4.1% during the forecast period. It will attain a total valuation of US$ 126.4 million at the end of 2033. This is attributable to rising demand for sustainable and eco-friendly excipients.
In the United Kingdom, there has been an increase in demand for specialty and natural excipients, particularly those sourced from marine sources. Interest in sustainable and eco-friendly alternatives has grown among consumers and pharmaceutical businesses. This is expected to drive demand in the country.
Category-wise Insights
The below section shows the alginate segment dominating the worldwide marine excipient industry. It is forecast to thrive at 5.6% CAGR between 2023 and 2033. Based on source, the sea weed segment is poised to exhibit a CAGR of 8.9% during the forecast period.
Excellent Functional Properties Making Alginate Top-selling Product Type
Product Type
Alginate
Value CAGR
5.6%
As per the latest marine excipient industry analysis, alginate is expected to remain the top-selling product type, thriving at 5.6% CAGR. This is attributable to rising usage of alginate across several industries due to its excellent functional properties.
Alginate is a versatile marine excipient that offers a wide range of functional properties. It is a common choice for several applications, including food, medicine, and cosmetics, due to its propensity to form gels in the presence of calcium ions.
Because of its ability to create various textures and improve product stability, alginate is widely utilized in the food industry. It can be found in culinary goods such as dairy, confectionery, and beverages to increase texture, viscosity, and overall sensory experience.
Alginate is used as an excipient in medication formulations in the pharmaceutical industry. By producing controlled-release matrices or beads, it can be used to control medication release. Because of its biocompatibility and wound-healing characteristics, alginate is also employed in wound dressings and other medical applications.
Alginates are widely applied as rate-controlling excipients in drug delivery systems, as an excipient in pharmaceutical preparations for local application, and as a matrix for biomolecules. Growing adoption in these applications will likely boost the target segment.
Seaweed to Remain a Widely Used Source for Derving Marine Excipients
Source
Sea Weed
Value CAGR
8.9%
As per the latest report, seaweed is expected to remain a key source for deriving marine excipients. The target segment will likely thrive at a robust CAGR of 8.9% during the assessment period.
Seaweed is prevalent along the world's coastlines and proliferates without using freshwater, fertilizers, or pesticides. It is a sustainable and renewable resource for manufacturing marine excipients, which corresponds to the growing need for environmentally beneficial ingredients.
Marine excipients made from seaweed are often used in food sector. Alginate, carrageenan, and agar are widely used in food products to increase texture, stability, and mouthfeel, such as dairy, sweets, sauces, and processed meats.
Seaweed is a sought-after source of marine excipients in food, medicines, cosmetics, and personal care. This is due to its availability, sustainability, functional qualities, and wide range of applications.
Competitive Landscape
The marine excipient industry is highly competitive, with a few key players dominating the business. These players are directing towards innovation, product differentiation, and expanding their distribution channels to gain a competitive advantage.
Recent developments:
In 2021, Cargill launched Satiagel™ VPC 614 Kappa Carrageenan. Cargill is increasing its carrageenan portfolio with the inclusion of kappa carrageenan, Satiagel VPC614, which is specifically suited for high-gelling applications and solid formulations
In March 2020, Hispanagar launched QSol, a highly soluble agar that enables low-temperature dissolution. Unlike typical agars, which require boiling for dissolution, QSol Agar allows for complete dissolving at low temperatures ranging from 60 to 80 degrees Celsius
Scope of the Report
Attribute
Details
Estimated Marine Excipient Market Size (2023)
US$ 716.3 million
Projected Marine Excipient Market Value (2033)
US$ 1,344.94 million
Anticipated Growth Rate (2023 to 2033)
6.5%
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
Volume (MT) and Value (US$ million)
Key Regions Covered
Europe, North America, South Asia, Latin America, East Asia, Oceania, and Middle East and Africa
Key Countries Covered
United States, Brazil, Peru, Argentina, Spain, France, Germany, United Kingdom, Netherlands, Italy, Belgium, Russia, Nordic, Poland, South Korea, China, India, Japan, Malaysia, Mexico, Thailand, Singapore, Canada, Australia, Indonesia, Chile, GCC Countries, Central Africa, New Zealand, South Africa, and others
Key Market Segments Covered
Product Type, End Use Industry, Functionality, Source, Form and Regions
Key Companies Profiled
Blue Biotech
Earthrise
Roquette Kloetze
Rizhao Jiejing Ocean Biotechnology Development Co., LTD, China
AlgaNovo International Co., Ltd, China
Yigeda Bio-Technology Co., Ltd, China
EID Parry
BASF (Cognis Australia, Betatene/BASF (DE)
Natural Beta Technologies
Cyanotech
Mera Pharma
BioReal
US Nutra
AlgaTech
Blue Biotech
SandaKing
DIC Lifetec
Marcel Carrageenan
Zamboanga Carrageenan
Multicipta Infodevindo,
PT Sumber Alam Lestari
Meck Pharmaceuticals & Chemicals Pvt. Ltd.
Marine Excipient Market Outlook by Category
By Product Type:
Alginate
Carrageenan
Agar
Fucoidan
Chitosan
Gelatin
Marine polysaccharides
By End-use Industry:
Pharmaceutical Industry
Oral Formulations
Tablets
Capsules
Liquid Formulations
Topical Formulation
Others
Food and Beverage Industry
Personal Care and Cosmetics Industry
Agriculture Industry
Veterinary industry
Nutraceutical
Dietary Supplements
By Functionality:
Fillers and Dilutents
Suspending and Viscosity Agents
Binders
Flavoring Agents
Disintegrants
Colorants
Gelling Agent
Film forming Agent
Coating Agents
By Source:
Algae
Green Algae
Green Microalgae
Blue Green Algae
Haemattococcus algae
Cladosiphon
Seaweed
Brown seaweed
Red seaweed
Crustacean
Corals
Freshwater Chlorophyta
Polysaccharide
By Form:
Liquid
Powder
Granular
Semi Solid
By Region:
North America
Europe
Latin America
South Asia
East Asia
Oceania
Middle East and Africa
Frequently Asked Questions
How big is the marine excipient market?
The marine excipient market size is estimated to reach US$ 716.3 million in 2023.
What is the demand of marine excipients in India?
Marine excipient demand in India is set to grow at 6.2% through 2033.
What is the expected marine excipient market size in 2033?
The target market size is expected to reach US$ 1344.9 million by 2033.
What is the demand outlook for marine excipients?
Marine excipients demand is set to grow at 6.5% through 2033.
Which country dominates the global market?
North America is expected to have a market share of 23.5% by 2033.
Who are the leading excipient providers in marine applications?
Leading manufacturers include FMC Corporation, CP Kelco, and Primex.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Product launches and and Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. % of Operating Margin Analysis
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Global Market - Pricing Analysis
3.6.1. Price Point Assessment by Region
3.6.2. Price Point Assessment by Product Type
3.6.3. Price Forecast till 2033
3.6.4. Factors affecting pricing
3.7. Forecast Factors - Relevance and Impact
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. Packaging and Labelling Regulations
3.9.2. Certifications and Certifying Agency Overview
3.9.3. Import/Export Policies
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
3.13. Macro-Economic Factors
3.14. Product Claims and Nutritional Information Scan by Buyers
4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ million) and Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ million) and Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) and Volume (MT) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ million) and Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Alginate
5.3.2. Carrageenan
5.3.3. Agar
5.3.4. Fucoidan
5.3.5. Chitosan
5.3.6. Gelatin
5.3.7. Marine polysaccharides
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) and Volume (MT) Analysis By End-use Industry, 2018 to 2022
6.3. Current and Future Market Size Value (US$ million) and Volume (MT) Analysis and Forecast By End-use Industry, 2023 to 2033
6.3.1. Pharmaceutical Industry
6.3.1.1. Oral Formulations
6.3.1.2. Tablets
6.3.1.3. Capsules
6.3.1.4. Liquid Formulations
6.3.1.5. Topical Formulation
6.3.1.6. Others
6.3.2. Food and Beverage Industry
6.3.3. Personal Care and Cosmetics Industry
6.3.4. Agriculture Industry
6.3.5. Veterinary industry
6.3.6. Nutraceutical
6.3.7. Dietary Supplements
6.4. Y-o-Y Growth Trend Analysis By End-use Industry, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End-use Industry, 2023 to 2033
7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Functionality
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ million) and Volume (MT) Analysis By Functionality, 2018 to 2022
7.3. Current and Future Market Size Value (US$ million) and Volume (MT) Analysis and Forecast By Functionality, 2023 to 2033
7.3.1. Fillers and Dilutents
7.3.2. Suspending and Viscocity Agents
7.3.3. Binders
7.3.4. Flavoring Agents
7.3.5. Disintegrants
7.3.6. Colorants
7.3.7. Gelling Agent
7.3.8. Film forming Agent
7.3.9. Coating Agents
7.4. Y-o-Y Growth Trend Analysis By Functionality, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Functionality, 2023 to 2033
8. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ million) and Volume (MT) Analysis By Source, 2018 to 2022
8.3. Current and Future Market Size Value (US$ million) and Volume (MT) Analysis and Forecast By Source, 2023 to 2033
8.3.1. Algae
8.3.1.1. Green Algae
8.3.1.2. Green Micro algae
8.3.1.3. Blue Green Algae
8.3.1.4. Haemattococcus algae
8.3.2. Cladosiphon
8.3.3. Sea Weed
8.3.3.1. Brown seaweed
8.3.3.2. Red Sea Weed
8.3.4. Crustacean
8.3.5. Corals
8.3.6. Freshwater chlorophyta
8.3.7. Polysaccharide
8.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
9. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ million) and Volume (MT) Analysis By Form, 2018 to 2022
9.3. Current and Future Market Size Value (US$ million) and Volume (MT) Analysis and Forecast By Form, 2023 to 2033
9.3.1. Liquid
9.3.2. Powder
9.3.3. Granular
9.3.4. Semi Solid
9.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
10. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ million) and Volume (MT) Analysis By Region, 2018 to 2022
10.3. Current Market Size Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2023 to 2033
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East and Africa
10.4. Market Attractiveness Analysis By Region
11. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. United States
11.2.1.2. Canada
11.2.2. By Product Type
11.2.3. By End-use Industry
11.2.4. By Functionality
11.2.5. By Source
11.2.6. By Form
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By End-use Industry
11.3.4. By Functionality
11.3.5. By Source
11.3.6. By Form
11.4. Key Takeaways
12. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Brazil
12.2.1.2. Mexico
12.2.1.3. Argentina
12.2.1.4. Chile
12.2.1.5. Peru
12.2.1.6. Rest of Latin America
12.2.2. By Product Type
12.2.3. By End-use Industry
12.2.4. By Functionality
12.2.5. By Source
12.2.6. By Form
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By End-use Industry
12.3.4. By Functionality
12.3.5. By Source
12.3.6. By Form
12.4. Key Takeaways
13. Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Germany
13.2.1.2. Italy
13.2.1.3. France
13.2.1.4. United Kingdom
13.2.1.5. Spain
13.2.1.6. Russia
13.2.1.7. BENELUX
13.2.1.8. Poland
13.2.1.9. Nordic Countries
13.2.1.10. Rest of Europe
13.2.2. By Product Type
13.2.3. By End-use Industry
13.2.4. By Functionality
13.2.5. By Source
13.2.6. By Form
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Type
13.3.3. By End-use Industry
13.3.4. By Functionality
13.3.5. By Source
13.3.6. By Form
13.4. Key Takeaways
14. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Product Type
14.2.3. By End-use Industry
14.2.4. By Functionality
14.2.5. By Source
14.2.6. By Form
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Type
14.3.3. By End-use Industry
14.3.4. By Functionality
14.3.5. By Source
14.3.6. By Form
14.4. Key Takeaways
15. South Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. India
15.2.1.2. Thailand
15.2.1.3. Malaysia
15.2.1.4. Indonesia
15.2.1.5. Singapore
15.2.1.6. Rest of South Asia
15.2.2. By Product Type
15.2.3. By End-use Industry
15.2.4. By Functionality
15.2.5. By Source
15.2.6. By Form
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Product Type
15.3.3. By End-use Industry
15.3.4. By Functionality
15.3.5. By Source
15.3.6. By Form
15.4. Key Takeaways
16. Oceania Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16.1. Historical Market Size Value (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Country
16.2.1.1. Australia
16.2.1.2. New Zealand
16.2.2. By Product Type
16.2.3. By End-use Industry
16.2.4. By Functionality
16.2.5. By Source
16.2.6. By Form
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Product Type
16.3.3. By End-use Industry
16.3.4. By Functionality
16.3.5. By Source
16.3.6. By Form
16.4. Key Takeaways
17. Middle East and Africa Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
17.1. Historical Market Size Value (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
17.2. Market Size Value (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
17.2.1. By Country
17.2.1.1. GCC Countries
17.2.1.2. South Africa
17.2.1.3. Central Africa
17.2.1.4. North Africa
17.2.2. By Product Type
17.2.3. By End-use Industry
17.2.4. By Functionality
17.2.5. By Source
17.2.6. By Form
17.3. Market Attractiveness Analysis
17.3.1. By Country
17.3.2. By Product Type
17.3.3. By End-use Industry
17.3.4. By Functionality
17.3.5. By Source
17.3.6. By Form
17.4. Key Takeaways
18. Key Countries Analysis
18.1. United States
18.1.1. Pricing Analysis
18.1.2. Market Share Analysis, 2023
18.1.2.1. By Product Type
18.1.2.2. By End-use Industry
18.1.2.3. By Functionality
18.1.2.4. By Source
18.1.2.5. By Form
18.2. Canada
18.2.1. Pricing Analysis
18.2.2. Market Share Analysis, 2023
18.2.2.1. By Product Type
18.2.2.2. By End-use Industry
18.2.2.3. By Functionality
18.2.2.4. By Source
18.2.2.5. By Form
18.3. Brazil
18.3.1. Pricing Analysis
18.3.2. Market Share Analysis, 2023
18.3.2.1. By Product Type
18.3.2.2. By End-use Industry
18.3.2.3. By Functionality
18.3.2.4. By Source
18.3.2.5. By Form
18.4. Mexico
18.4.1. Pricing Analysis
18.4.2. Market Share Analysis, 2023
18.4.2.1. By Product Type
18.4.2.2. By End-use Industry
18.4.2.3. By Functionality
18.4.2.4. By Source
18.4.2.5. By Form
18.5. Argentina
18.5.1. Pricing Analysis
18.5.2. Market Share Analysis, 2023
18.5.2.1. By Product Type
18.5.2.2. By End-use Industry
18.5.2.3. By Functionality
18.5.2.4. By Source
18.5.2.5. By Form
18.6. Chile
18.6.1. Pricing Analysis
18.6.2. Market Share Analysis, 2023
18.6.2.1. By Product Type
18.6.2.2. By End-use Industry
18.6.2.3. By Functionality
18.6.2.4. By Source
18.6.2.5. By Form
18.7. Peru
18.7.1. Pricing Analysis
18.7.2. Market Share Analysis, 2023
18.7.2.1. By Product Type
18.7.2.2. By End-use Industry
18.7.2.3. By Functionality
18.7.2.4. By Source
18.7.2.5. By Form
18.8. Germany
18.8.1. Pricing Analysis
18.8.2. Market Share Analysis, 2023
18.8.2.1. By Product Type
18.8.2.2. By End-use Industry
18.8.2.3. By Functionality
18.8.2.4. By Source
18.8.2.5. By Form
18.9. Italy
18.9.1. Pricing Analysis
18.9.2. Market Share Analysis, 2023
18.9.2.1. By Product Type
18.9.2.2. By End-use Industry
18.9.2.3. By Functionality
18.9.2.4. By Source
18.9.2.5. By Form
18.10. France
18.10.1. Pricing Analysis
18.10.2. Market Share Analysis, 2023
18.10.2.1. By Product Type
18.10.2.2. By End-use Industry
18.10.2.3. By Functionality
18.10.2.4. By Source
18.10.2.5. By Form
18.11. Spain
18.11.1. Pricing Analysis
18.11.2. Market Share Analysis, 2023
18.11.2.1. By Product Type
18.11.2.2. By End-use Industry
18.11.2.3. By Functionality
18.11.2.4. By Source
18.11.2.5. By Form
18.12. United Kingdom
18.12.1. Pricing Analysis
18.12.2. Market Share Analysis, 2023
18.12.2.1. By Product Type
18.12.2.2. By End-use Industry
18.12.2.3. By Functionality
18.12.2.4. By Source
18.12.2.5. By Form
18.13. Russia
18.13.1. Pricing Analysis
18.13.2. Market Share Analysis, 2023
18.13.2.1. By Product Type
18.13.2.2. By End-use Industry
18.13.2.3. By Functionality
18.13.2.4. By Source
18.13.2.5. By Form
18.14. Poland
18.14.1. Pricing Analysis
18.14.2. Market Share Analysis, 2023
18.14.2.1. By Product Type
18.14.2.2. By End-use Industry
18.14.2.3. By Functionality
18.14.2.4. By Source
18.14.2.5. By Form
18.15. BENELUX
18.15.1. Pricing Analysis
18.15.2. Market Share Analysis, 2023
18.15.2.1. By Product Type
18.15.2.2. By End-use Industry
18.15.2.3. By Functionality
18.15.2.4. By Source
18.15.2.5. By Form
18.16. Nordic Countries
18.16.1. Pricing Analysis
18.16.2. Market Share Analysis, 2023
18.16.2.1. By Product Type
18.16.2.2. By End-use Industry
18.16.2.3. By Functionality
18.16.2.4. By Source
18.16.2.5. By Form
18.17. China
18.17.1. Pricing Analysis
18.17.2. Market Share Analysis, 2023
18.17.2.1. By Product Type
18.17.2.2. By End-use Industry
18.17.2.3. By Functionality
18.17.2.4. By Source
18.17.2.5. By Form
18.18. Japan
18.18.1. Pricing Analysis
18.18.2. Market Share Analysis, 2023
18.18.2.1. By Product Type
18.18.2.2. By End-use Industry
18.18.2.3. By Functionality
18.18.2.4. By Source
18.18.2.5. By Form
18.19. South Korea
18.19.1. Pricing Analysis
18.19.2. Market Share Analysis, 2023
18.19.2.1. By Product Type
18.19.2.2. By End-use Industry
18.19.2.3. By Functionality
18.19.2.4. By Source
18.19.2.5. By Form
18.20. India
18.20.1. Pricing Analysis
18.20.2. Market Share Analysis, 2023
18.20.2.1. By Product Type
18.20.2.2. By End-use Industry
18.20.2.3. By Functionality
18.20.2.4. By Source
18.20.2.5. By Form
18.21. Thailand
18.21.1. Pricing Analysis
18.21.2. Market Share Analysis, 2023
18.21.2.1. By Product Type
18.21.2.2. By End-use Industry
18.21.2.3. By Functionality
18.21.2.4. By Source
18.21.2.5. By Form
18.22. Indonesia
18.22.1. Pricing Analysis
18.22.2. Market Share Analysis, 2023
18.22.2.1. By Product Type
18.22.2.2. By End-use Industry
18.22.2.3. By Functionality
18.22.2.4. By Source
18.22.2.5. By Form
18.23. Malaysia
18.23.1. Pricing Analysis
18.23.2. Market Share Analysis, 2023
18.23.2.1. By Product Type
18.23.2.2. By End-use Industry
18.23.2.3. By Functionality
18.23.2.4. By Source
18.23.2.5. By Form
18.24. Singapore
18.24.1. Pricing Analysis
18.24.2. Market Share Analysis, 2023
18.24.2.1. By Product Type
18.24.2.2. By End-use Industry
18.24.2.3. By Functionality
18.24.2.4. By Source
18.24.2.5. By Form
18.25. Australia
18.25.1. Pricing Analysis
18.25.2. Market Share Analysis, 2023
18.25.2.1. By Product Type
18.25.2.2. By End-use Industry
18.25.2.3. By Functionality
18.25.2.4. By Source
18.25.2.5. By Form
18.26. New Zealand
18.26.1. Pricing Analysis
18.26.2. Market Share Analysis, 2023
18.26.2.1. By Product Type
18.26.2.2. By End-use Industry
18.26.2.3. By Functionality
18.26.2.4. By Source
18.26.2.5. By Form
18.27. GCC Countries
18.27.1. Pricing Analysis
18.27.2. Market Share Analysis, 2023
18.27.2.1. By Product Type
18.27.2.2. By End-use Industry
18.27.2.3. By Functionality
18.27.2.4. By Source
18.27.2.5. By Form
18.28. South Africa
18.28.1. Pricing Analysis
18.28.2. Market Share Analysis, 2023
18.28.2.1. By Product Type
18.28.2.2. By End-use Industry
18.28.2.3. By Functionality
18.28.2.4. By Source
18.28.2.5. By Form
18.29. North Africa
18.29.1. Pricing Analysis
18.29.2. Market Share Analysis, 2023
18.29.2.1. By Product Type
18.29.2.2. By End-use Industry
18.29.2.3. By Functionality
18.29.2.4. By Source
18.29.2.5. By Form
18.30. Central Africa
18.30.1. Pricing Analysis
18.30.2. Market Share Analysis, 2023
18.30.2.1. By Product Type
18.30.2.2. By End-use Industry
18.30.2.3. By Functionality
18.30.2.4. By Source
18.30.2.5. By Form
19. Market Structure Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Market Share Analysis of Top Players
19.3.1. By Regional
19.3.2. By Product Type
19.3.3. By End-use Industry
19.3.4. By Functionality
19.3.5. By Source
19.3.6. By Form
20. Competition Analysis
20.1. Competition Deep Dive
20.1.1. Blue Biotech
20.1.1.1. Overview
20.1.1.2. Product Portfolio
20.1.1.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.1.4. Sales Footprint
20.1.1.5. Strategy Overview
20.1.1.5.1. Marketing Strategy
20.1.1.5.2. Product Strategy
20.1.1.5.3. Channel Strategy
20.1.2. Earthrise
20.1.2.1. Overview
20.1.2.2. Product Portfolio
20.1.2.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.2.4. Sales Footprint
20.1.2.5. Strategy Overview
20.1.2.5.1. Marketing Strategy
20.1.2.5.2. Product Strategy
20.1.2.5.3. Channel Strategy
20.1.3. Roquette Kloetze
20.1.3.1. Overview
20.1.3.2. Product Portfolio
20.1.3.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.3.4. Sales Footprint
20.1.3.5. Strategy Overview
20.1.3.5.1. Marketing Strategy
20.1.3.5.2. Product Strategy
20.1.3.5.3. Channel Strategy
20.1.4. Rizhao Jiejing Ocean Biotechnology Development Co., LTD, China
20.1.4.1. Overview
20.1.4.2. Product Portfolio
20.1.4.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.4.4. Sales Footprint
20.1.4.5. Strategy Overview
20.1.4.5.1. Marketing Strategy
20.1.4.5.2. Product Strategy
20.1.4.5.3. Channel Strategy
20.1.5. AlgaNovo International Co., Ltd, China
20.1.5.1. Overview
20.1.5.2. Product Portfolio
20.1.5.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.5.4. Sales Footprint
20.1.5.5. Strategy Overview
20.1.5.5.1. Marketing Strategy
20.1.5.5.2. Product Strategy
20.1.5.5.3. Channel Strategy
20.1.6. Yigeda Bio-Technology Co., Ltd, China
20.1.6.1. Overview
20.1.6.2. Product Portfolio
20.1.6.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.6.4. Sales Footprint
20.1.6.5. Strategy Overview
20.1.6.5.1. Marketing Strategy
20.1.6.5.2. Product Strategy
20.1.6.5.3. Channel Strategy
20.1.7. EID Parry
20.1.7.1. Overview
20.1.7.2. Product Portfolio
20.1.7.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.7.4. Sales Footprint
20.1.7.5. Strategy Overview
20.1.7.5.1. Marketing Strategy
20.1.7.5.2. Product Strategy
20.1.7.5.3. Channel Strategy
20.1.8. BASF (Cognis Australia, Betatene/BASF (DE)
20.1.8.1. Overview
20.1.8.2. Product Portfolio
20.1.8.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.8.4. Sales Footprint
20.1.8.5. Strategy Overview
20.1.8.5.1. Marketing Strategy
20.1.8.5.2. Product Strategy
20.1.8.5.3. Channel Strategy
20.1.9. Natural Beta Technologies
20.1.9.1. Overview
20.1.9.2. Product Portfolio
20.1.9.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.9.4. Sales Footprint
20.1.9.5. Strategy Overview
20.1.9.5.1. Marketing Strategy
20.1.9.5.2. Product Strategy
20.1.9.5.3. Channel Strategy
20.1.10. Cyanotech
20.1.10.1. Overview
20.1.10.2. Product Portfolio
20.1.10.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.10.4. Sales Footprint
20.1.10.5. Strategy Overview
20.1.10.5.1. Marketing Strategy
20.1.10.5.2. Product Strategy
20.1.10.5.3. Channel Strategy
20.1.11. Mera Pharma
20.1.11.1. Overview
20.1.11.2. Product Portfolio
20.1.11.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.11.4. Sales Footprint
20.1.11.5. Strategy Overview
20.1.11.5.1. Marketing Strategy
20.1.11.5.2. Product Strategy
20.1.11.5.3. Channel Strategy
20.1.12. BioReal
20.1.12.1. Overview
20.1.12.2. Product Portfolio
20.1.12.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.12.4. Sales Footprint
20.1.12.5. Strategy Overview
20.1.12.5.1. Marketing Strategy
20.1.12.5.2. Product Strategy
20.1.12.5.3. Channel Strategy
20.1.13. US Nutra
20.1.13.1. Overview
20.1.13.2. Product Portfolio
20.1.13.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.13.4. Sales Footprint
20.1.13.5. Strategy Overview
20.1.13.5.1. Marketing Strategy
20.1.13.5.2. Product Strategy
20.1.13.5.3. Channel Strategy
20.1.14. AlgaTech
20.1.14.1. Overview
20.1.14.2. Product Portfolio
20.1.14.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.14.4. Sales Footprint
20.1.14.5. Strategy Overview
20.1.14.5.1. Marketing Strategy
20.1.14.5.2. Product Strategy
20.1.14.5.3. Channel Strategy
20.1.15. Blue Biotech
20.1.15.1. Overview
20.1.15.2. Product Portfolio
20.1.15.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.15.4. Sales Footprint
20.1.15.5. Strategy Overview
20.1.15.5.1. Marketing Strategy
20.1.15.5.2. Product Strategy
20.1.15.5.3. Channel Strategy
20.1.16. SandaKing
20.1.16.1. Overview
20.1.16.2. Product Portfolio
20.1.16.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.16.4. Sales Footprint
20.1.16.5. Strategy Overview
20.1.16.5.1. Marketing Strategy
20.1.16.5.2. Product Strategy
20.1.16.5.3. Channel Strategy
20.1.17. DIC Lifetec
20.1.17.1. Overview
20.1.17.2. Product Portfolio
20.1.17.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.17.4. Sales Footprint
20.1.17.5. Strategy Overview
20.1.17.5.1. Marketing Strategy
20.1.17.5.2. Product Strategy
20.1.17.5.3. Channel Strategy
20.1.18. Marcel Carrageenan
20.1.18.1. Overview
20.1.18.2. Product Portfolio
20.1.18.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.18.4. Sales Footprint
20.1.18.5. Strategy Overview
20.1.18.5.1. Marketing Strategy
20.1.18.5.2. Product Strategy
20.1.18.5.3. Channel Strategy
20.1.19. Zamboanga Carrageenan
20.1.19.1. Overview
20.1.19.2. Product Portfolio
20.1.19.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.19.4. Sales Footprint
20.1.19.5. Strategy Overview
20.1.19.5.1. Marketing Strategy
20.1.19.5.2. Product Strategy
20.1.19.5.3. Channel Strategy
20.1.20. Multicipta Infodevindo,
20.1.20.1. Overview
20.1.20.2. Product Portfolio
20.1.20.3. Profitability by Market Segments (Product Type/Source/Form/Functionality/End-use Industry/Region)
20.1.20.4. Sales Footprint
20.1.20.5. Strategy Overview
20.1.20.5.1. Marketing Strategy
20.1.20.5.2. Product Strategy
20.1.20.5.3. Channel Strategy
21. Assumptions and Acronyms Used22. Research Methodology
