LAMEA Kelp Product Market

LAMEA Kelp Product Market Size, Share & Trends Analysis Report By Form (Powder, Liquid, and Flakes), By Application (Agriculture, Food, Pharmaceuticals and Others), By Type (Fresh, Dried and Salted), By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-22860 Publication Date: May-2024 Number of Pages: 131
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Market Report Description

The Latin America, Middle East and Africa Kelp Product Market would witness market growth of 8.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 999.69 Tonnes, showcasing a growth of 9.5% (2024-2031).

Kelp powder is derived from dried seaweed and is rich in vitamins, minerals, antioxidants, and dietary fiber. It serves as a natural flavour enhancer, thickening agent, and nutritional supplement in the food industry, where it is used in diverse culinary preparations such as soups, sauces, smoothies, and baked goods. Additionally, kelp powder is utilized in cosmetic formulations for its moisturizing, detoxifying, and skin-nourishing properties, appearing in skincare products, bath salts, and hair treatments. Thus, the Brazil market used 85.53 Tonnes of kelp powder in the market in 2023.

LAMEA Kelp Product Market

The Brazil market dominated the LAMEA Kelp Product Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $20.2 million by 2031. The Argentina market is showcasing a CAGR of 9.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.8% during (2024 - 2031).

Kelp, a large brown seaweed found in underwater forests along coastlines everywhere, plays a crucial ecological role in marine ecosystems. With its towering, leafy fronds, kelp provides habitat and food for various marine organisms, from tiny invertebrates to larger fish and marine mammals. Its dense growth helps create underwater ecosystems rich in biodiversity, akin to terrestrial forests.

Additionally, beyond its ecological importance, kelp holds significant cultural and economic value for coastal communities, who have historically utilized it for food, fertilizer, and other purposes. Moreover, kelp's nutritional profile, rich in vitamins, minerals, and antioxidants, has sparked interest in its potential as a health supplement and culinary ingredient. As concerns about environmental sustainability grow, understanding and preserving the delicate balance of kelp ecosystems becomes increasingly vital for marine life and human well-being.

Many countries in the LAMEA region are undergoing a nutritional transition characterized by shifts in dietary patterns and lifestyle behaviours. Urbanization, globalization, and changes in food systems have led to increased consumption of energy-dense, nutrient-poor foods high in sugar, salt, and unhealthy fats. As consumers in the UAE become more interested in natural and sustainable beauty products, the demand for kelp-based cosmetics is expected to grow. Thus, this region's kelp product market is expected to grow rapidly.

Free Valuable Insights: The Worldwide Kelp Product Market is Projected to reach USD 1 Billion by 2031, at a CAGR of 5.6%

Based on Form, the market is segmented into Powder, Liquid, and Flakes. Based on Application, the market is segmented into Agriculture, Food, Pharmaceuticals and Others. Based on Type, the market is segmented into Fresh, Dried and Salted. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Seasol International Pty Ltd.
  • Cargill, Incorporated
  • CP Kelco
  • Groupe Roullier
  • Acadian Seaplants Limited
  • Gelymar SA (Algina Inversiones SA)
  • DuPont de Nemours, Inc.
  • Brandt, Inc.
  • COMPO Group
  • Wild Irish Seaweeds Ltd.

LAMEA Kelp Product Market Report Segmentation

By Form (Volume, Tonnes, USD Billion, 2020-31)

  • Powder
  • Liquid
  • Flakes

By Application (Volume, Tonnes, USD Billion, 2020-31)

  • Agriculture
  • Food
  • Pharmaceuticals
  • Others

By Type (Volume, Tonnes, USD Billion, 2020-31)

  • Fresh
  • Dried
  • Salted

By Country (Volume, Tonnes, USD Billion, 2020-31)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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