The global seaweed derived minerals market was worth US$ 2.81 Billion in the year 2022 and is expected to reach US$ 4.46 Billion by the year 2032 at a CAGR of 4.7% between 2022 and 2032.
Seaweed derived minerals come across as essential trace elements like magnesium, potassium, iodine, iron, calcium, and pigments that are extracted from seaweeds. Those intolerant toward MSG prefer seaweed derived minerals as they are naturally salty.
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Consumers generally find it difficult gulping salt-free products. This is where seaweed derived minerals come to the rescue. Seaweed derived minerals do end up adding umami-like indulgent flavors to salt-free products. As Asian foodstuff is being increasingly asked for by the West, the demand for seaweed derived minerals is expected to increase exorbitantly in the forecast period.
At the same time, the fact that seaweed derived minerals are not soluble in entirety in the finished products and disrupt their texture could be a matter of concern. The other factor hampering the seaweed derived minerals market could be availability of seaweed species. These restrains could adversely affect the revenue generation in the long run.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Seaweed Derived Minerals Market’. It has its team of analysts and consultants to look through a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With seaweed derived minerals offering a meaty and savory flavor to food, consumers could easily opt for them as they help in doing away with salt-free products. This factor is expected to take the seaweed derived minerals market by storm in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Seaweed Derived Minerals Market
- North America holds the largest market share with the US being subject to extensive research in this regard.
- Europe holds the second-largest market share with the UK dominating. The future scenario is expected to remain unchanged even in the forecast period. Germany stands second herein.
- The Asia-Pacific is expected to grow on an exponential note in the seaweed derived minerals market with seaweed getting resurgent in China on the back of consumers resorting to healthier food options.
Competitive Seaweed Derived Minerals
- Marigot Ltd. is known for providing Aquamin to the companies all across. This mineral is rich in magnesium, calcium, and various other components. They also slow progression of the fatty liver disease. Researchers, in August 2021, did create Chlorine Modulation Fluorescence Performances of Quantum Dots made from Seaweed-Derived Graphene for Long-Wavelength Excitation Cell-Imaging Application.
What does the Report Cover?
- The research study is based on form (solid, powder, granules, flakes, and liquid), source (red algae, brown algae, and green algae), nature (organic and conventional), and end-use (fertilizers, food & beverages vertical, dietary supplements, animal nutrition & pet food, and meat processing industry).
- With specialty ingredients doing the rounds, the seaweed derived minerals market is expected to grow on a substantial note in the forecast period.
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Seaweed Derived Minerals Market by Category
By Form:
- Solid
- Powder
- Granules
- Flakes
- Liquid
By Source:
- Red algae
- Brown algae
- Green algae
By Nature:
- Organic
- Conventional
By End-use:
- Fertilizers
- Food & Beverage Industry
- Dietary Supplements
- Animal Nutrition & Pet Food
- Meat Processing Industry
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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