About Kelp Product
Kelp Product, also called laminaria japonica, saccharina japonica, or kombu, is a type of brown algae products which are found in the oceans. Kelp is used to make many products such as toothpastes, shampoos, salad dressings, puddings, cakes, dairy products, frozen foods, and even pharmaceuticals. It helps in the treatment of diseases and used in some products such as bakery, dairy, candies, salad dressings and Jellies. Hence the growing use of the kelp in various industries is helping the market to grow.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In this market there is a high competition. The major players are focusing on the technological advancements in farming of kelp which will increase the availability kelp to be used in various products. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Kelp Product market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Weihai Shidai Marine Biotechnology (China), Shandong Lidao Oceanic Technology (China), Seakura (Israel), Kelpak (United States), Fujian Lianjiang Tianyuan Aquatic (China), Xunshan Group (China), Qingdao Gather Great Ocean Algae (China), Fujian Huangqiwan Sea Food Biotechnology (China), Rongcheng Yandunjiao Aquatic Company (China) and Matsumaeya (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Groupe Roullier (France), Smart Organic AD (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Kelp Product market by Type (Dried, Fresh and Salted), Application (Food, Industrial, Cosmetic and Medicine and Others (Agricultural Fertilizer etc.)) and Region.
On the basis of geography, the market of Kelp Product has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Kelp Product market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Box will boost the Kelp Product market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Having Anti-Cancer Properties Leading to Usage in Pharmaceuticals
Market Growth Drivers:
Health Benefits of the Kelp, Increased Awareness about Kelp Applications and Rising Demand for Kelp Products from Food Industry
Challenges:
Lack of Awareness of Benefits of Kelp and Unfavorable Climatic Conditions are Hampering the Market
Restraints:
Limited Availability of Kelp to be used in the Products and High Competition due to the Availability of Large Number of Players
Opportunities:
Usage of Kelp in Animal Feed and Human Food has Created an Opportunity and Adoption of Various Techniques like 3D Farming
Market Leaders and their expansionary development strategies
In August 2022, Signal AI, the leading global External Intelligence company, announced that it has acquired US company KELP Inc., the first actionable platform for corporate reputation. The acquisition builds on deep synergies between the two businesses.
In January 2024, Atlantic Sea Farms launched two kelp products. Furthering its mission to diversify coastal economies and improve ocean health through regenerative kelp farming, Atlantic Sea Farms the American leader in seaweed aquaculture has launched two pantry products for home cooks, Dried Organic Kelp Flake and Dried Organic Kelp Powder.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.