Europe Seafood Extracts Market is expected to be worth USD 2.67 billion in 2024 to grow at a CAGR of 4.99%, to achieve USD 3.41 billion by 2029.
Any form of marine life which is considered as food by humans comes under the scope of seafood. It prominently includes fish and shellfish. Extracts obtained from sea life animals such as fish, shellfish, crab or lobsters after they undergo a manufacturing process is known as seafood extracts.
The variety of uses for seafood extracts include in cosmetic, food & paper, pharmaceutical and several other industries. The abundancy of nutrients in sea food makes it one of the healthy sources of food for humans. They aid in the prevention of several diseases in addition to providing balance to the diet as well as adding flavour to food. The extracts are available in a number of forms which include paste, powder, oil and others.
The major factors affecting the Seafood Extracts market include the innovation of new products in the market, research and development in the market and increasing health consciousness of consumers. Increasing demand for supermarket stocks of seafood extracts is yet another driver for the market. Recent innovations in the cosmetic industry also requires the use of seafood extracts in their products driving the market growth even more. As for restraints of the market, the ecological concerns regarding extraction of substances from marine life is the only major hindrance.
This research report on Latin America's seafood extracts market is segmented and sub-segmented into the following categories.
Latin America Seafood Extracts Market - By Applications:
Latin America Seafood Extracts Market - By End Products:
Latin America Seafood Extracts Market - By Sources:
Latin America Seafood Extracts Market – By Region:
KEY MARKET PLAYERS:
Key market players of Europe Seafood Extracts Market are 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 and Canada Oceanic.
Frequently Asked Questions
Seafood extracts are concentrated forms of flavor, nutrients, and bioactive compounds derived from various seafood sources such as fish, shellfish, and crustaceans. They are typically obtained through processes like hydrolysis, enzymatic digestion, or solvent extraction, which extract the desired components from seafood materials.
Seafood extracts are widely used as natural flavor enhancers, functional ingredients, and nutritional supplements in the food industry. They are incorporated into soups, sauces, seasonings, marinades, snacks, beverages, and seafood products to impart savory umami taste, aroma, and nutritional benefits.
Seafood extracts are rich in essential nutrients such as proteins, amino acids, vitamins (including B-complex vitamins), minerals (such as calcium, magnesium, and potassium), and omega-3 fatty acids. They provide nutritional support for overall health, including heart health, brain function, and immune system support.
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