Middle East And Africa Seafood Extracts Market

Middle East and Africa Seafood Extracts Market Growth Rate:

Middle East and Africa Seafood Extracts Market was worth USD XX.XX billion in 2018 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2026. 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.

Middle East and Africa Seafood Extracts Market key Factors:

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.

Middle East and Africa Seafood Extracts Market Classification:

Market Analysis - By Applications:

• Food Industry
• Cosmetics Industry
• Pharmaceutical Industry
• Agriculture Industry
• Paper Industry
• Other Industries

Market Analysis - By End Products:

• Anchovy Extract
• Clam Extract
• Codfish Extract
• Crab Extract
• Lobster Extract
• Shrimp Extract
• Taimi Extract
• Katsuobushi Extract
• Tangle Extract
• others

Market Analysis - By Sources:

• Fish
• Crab
• Lobster
• Seaweed
• Others

Geographical and Regional Growth Insights:

Based on geography, the Middle-East & Africa market is analyzed under regions of Middle-East and Africa. The major countries in the region are UAE, Saudi Arabia, Qatar, Egypt, and South Africa. The region is the smallest market globally with a growth rate that is also below average.

Leading key players involved in the Middle East and Africa Seafood Extracts Market report:

1. Nikken Foods
2. Acadian Seaplants Ltd
3. MC Food Specialties Inc
4. Manidharma Biotech Private Limited
5. Agri Bio Care India
6. Kakusan Foods Co., Ltd.
7. Suboneyo Chemicals Pharmaceuticals (P) Limited
8. Sar Agrochemicals & Fertilizers Pvt. Ltd
9. Sushil Corporation
10. Canada Oceanic