REPORT SCOPE & OVERVIEW
The Fucoidan Market size was USD 35.8 million in 2022 and is expected to Reach USD 46.63 million by 2030 and grow at a CAGR of 3.36 % over the forecast period of 2023-2030.
Fucoidan is a substance found in a variety of brown seaweed species. It is also available in capsules, extracts, and powder form. Fucoidan is a type of complex carbohydrate found in brown seaweeds including kombu, wakame, and mozuku. It has been studied for its possible health advantages, which include anti-inflammatory, antioxidant, and immune-boosting qualities.
The fucoidan market has expanded in recent years as demand for natural health supplements and components has increased. Fucoidan is commonly sold as a dietary supplement, frequently in the form of capsules and powders, and is also found in a variety of functional foods and beverages.
Potential benefits of fucoidan
Cancer and other chronic diseases are major public health concerns, and their global incidence is expected to increase in the coming years. Fucoidan is anti-cancer, anti-inflammatory, and immune-boosting. As a result, fucoidan appears to be a promising natural treatment for a variety of ailments. Fucoidan has been designated as a "Generally Recognized as Safe" food by the Food and Drug Administration (FDA). It does not, however, sell prescription or over-the-counter medications. It is only sold as a supplement outside of meals.
The increasing prevalence of cancer and other chronic diseases.
Lack of awareness of the health benefits of fucoidan
Consumers and healthcare professionals alike are still unaware of the health benefits of fucoidan. This may reduce the demand for fucoidan-based products. Many nations, including China, use fucoidan as a traditional medicine, but there is still a large unexplored market for application. Manufacturers' awareness can promote demand for fucoidan in a variety of industries.
• Increased investment in research and development
Recent anticancer medication research and development initiatives, as well as the synergistic action of fucoidan with chemotherapeutic medicines to kill tumor cells, are expected to drive the worldwide fucoidan market. Furthermore, with increasing applications in cosmetics, fucoidan is still utilized as a complementary therapy in many countries of Asia, including Japan and Korea, where it is frequently suggested to cancer patients. Fucoidan is gaining popularity and use in the Western world as scientific study advances and global regulatory permissions expand. Fucoidan is increasingly being used as a new ingredient in nutritional supplements, cosmetic products, and functional meals and beverages.
Rising applications in various other applications
High cost of fucoidan
Fucoidan is a substance found in a variety of brown seaweed species. There are several methods for extracting fucoidan from brown seaweed. The most common are Acid extraction, Alkali extraction, Enzyme extraction, and other methods. The extraction process makes it a relatively expensive ingredient. This could limit its adoption in some applications.
Limited availability of fucoidan
Health Care Products
By Form Analysis
Based on Form, the market is categorized into Powder Type, Capsule Type, and Others. During the forecast period, the capsule segment is expected to hold a significant proportion of the market. The capsule form has a larger market share since it can be used to make pharmaceuticals and dietary supplements. The capsule is more bioavailable than the other portions. Furthermore, because dietary supplements in capsule form are easier to swallow, various companies are developing them.
Fucoidan powder is used to make a variety of dietary supplements. Liquid forms are utilized to improve product efficacy, particularly in pharmaceuticals and cosmetics, where it guarantees that the product is administered evenly on the skin.
By Application Analysis
Based on application, in 2022, the pharmaceutical sector held a significant proportion of the worldwide fucoidan market. Pharmaceutical businesses are investing in research and development to create medications that are far more effective than previous product versions while also being highly purified and of the finest quality. Fucoidan is used to treat a variety of ailments, including cancer and rheumatoid arthritis.
Fucoidan is used in cosmetics as a thickener, moisturizer, and sunscreen. It is also being studied for its ability to decrease wrinkles and increase skin suppleness.
Asia Pacific has been holding a lion’s share of the fucoidan market in the last few years. Countries like Japan, South Korea, and China were key consumers of fucoidan in the Asia Pacific in 2022. The increasing awareness of the health benefits of fucoidan drives the growth. Traditional Chinese medicine has employed the substance's health advantages for millennia. Rising investment in research and development in the pharmaceutical, and cosmetics industries drive the use of the fucoidan market.
North America is also anticipated to hold a vital share of the global fucoidan market during the forecast period. The U.S. constituted a major share of the market in this region. The growth of the market in North America is being driven by the increasing demand for natural health products, the rising prevalence of chronic diseases, and the growing popularity of seaweed extracts.
Europe's fucoidan market size was USD 121.20 million in 2022 and exhibited a CAGR of 7.5% during the forecast period. This growth is attributed to growing consumer inclination towards Natural products. However, limited seaweed cultivation in the European region may hamper the growth.
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
Some major key players in the Fucoidan Market are Kamerycah, Yaizu Suisankagaku, Takara, FMC, Seaherb, Fucoidan Force, Marinova, FucoHiq, Haerim Fucoidan, Jeezao, Kanehide, Sigma-Aldrich Corporation, A.M. Todd Botanical Therapeuticals, and Qingdao, and other key players.
Kamerycah-Company Financial Analysis
In 2023 A U.K.-based firm called OCEANIUM created 'OCEAN ACTIVES Fucoidan,' which cosmetic companies can employ to create various skincare formulations, as high-purity bioactive components.
In 2023 Hepatica made significant investments to create its production system to the requirements set by the European Commission. The organization's production, supply, and storage systems were HACCP-certified.
|Market Size in 2022||US$ 35.8 Million|
|Market Size by 2030||US$ 46.63 Million|
|CAGR||CAGR of 3.36 % From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Powder Type, Capsule Type, Others)
• By Application (Health Care Products, Pharmaceuticals, Cosmetics)
|Regional Analysis/Coverage||North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)|
|Company Profiles||Kamerycah, Yaizu Suisankagaku, Takara, FMC, Seaherb, Fucoidan Force, Marinova, FucoHiq, Haerim Fucoidan, Jeezao, Kanehide, Sigma-Aldrich Corporation, A.M. Todd Botanical Therapeuticals, and Qingdao|
|Key Drivers||• Potential benefits of fucoidan
• The increasing prevalence of cancer and other chronic diseases.
|Market Restrain||• Lack of awareness of the health benefits of fucoidan|
Ans: Fucoidan Market is anticipated to expand by 3.36 % from 2023 to 2030.
Ans: Drivers are potential benefits of fucoidan and the increasing prevalence of cancer and other chronic diseases.
Ans: USD 46.63 million is expected to grow by 2030.
Ans: The Asia Pacific region dominated the Fucoidan market.
Ans: The high cost of fucoidan and limited availability are challenges that hinder the growth of the fucoidan market.
TABLE OF CONTENT
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1.1 Impact on Major Economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fucoidan Market Segmentation, By Type
8.1 Powder Type
8.2 Capsule Type
9. Fucoidan Market Segmentation, By Application
9.1 Health Care Products
10. Regional Analysis
10.2 North America
10.2.1 North America Fucoidan Market by Country
10.2.2 North America Fucoidan Market by Type
10.2.3 North America Fucoidan Market by Application
10.2.4.1 USA Fucoidan Market by Type
10.2.4.2 USA Fucoidan Market by Application
10.2.5.1 Canada Fucoidan Market by Type
10.2.5.2 Canada Fucoidan Market by Application
10.2.6.1 Mexico Fucoidan Market by Type
10.2.6.2 Mexico Fucoidan Market by Application
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Fucoidan Market by Country
10.3.1.2 Eastern Europe Fucoidan Market by Type
10.3.1.3 Eastern Europe Fucoidan Market by Application
10.3.1.4.1 Poland Fucoidan Market by Type
10.3.1.4.2 Poland Fucoidan Market by Application
10.3.1.5.1 Romania Fucoidan Market by Type
10.3.1.5.2 Romania Fucoidan Market by Application
10.3.1.6.1 Hungary Fucoidan Market by Type
10.3.1.6.2 Hungary Fucoidan Market by Application
10.3.1.7.1 Turkey Fucoidan Market by Type
10.3.1.7.2 Turkey Fucoidan Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Fucoidan Market by Type
10.3.1.8.2 Rest of Eastern Europe Fucoidan Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Fucoidan Market by Country
10.3.2.2 Western Europe Fucoidan Market by Type
10.3.2.3 Western Europe Fucoidan Market by Application
10.3.2.4.1 Germany Fucoidan Market by Type
10.3.2.4.2 Germany Fucoidan Market by Application
10.3.2.5.1 France Fucoidan Market by Type
10.3.2.5.2 France Fucoidan Market by Application
10.3.2.6.1 UK Fucoidan Market by Type
10.3.2.6.2 UK Fucoidan Market by Application
10.3.2.7.1 Italy Fucoidan Market by Type
10.3.2.7.2 Italy Fucoidan Market by Application
10.3.2.8.1 Spain Fucoidan Market by Type
10.3.2.8.2 Spain Fucoidan Market by Application
10.3.2.9.1 Netherlands Fucoidan Market by Type
10.3.2.9.2 Netherlands Fucoidan Market by Application
10.3.2.10.1 Switzerland Fucoidan Market by Type
10.3.2.10.2 Switzerland Fucoidan Market by Application
10.3.2.11.1 Austria Fucoidan Market by Type
10.3.2.11.2 Austria Fucoidan Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Fucoidan Market by Type
10.3.2.12.2 Rest of Western Europe Fucoidan Market by Application
10.4.1 Asia Pacific Fucoidan Market by Country
10.4.2 Asia Pacific Fucoidan Market by Type
10.4.3 Asia Pacific Fucoidan Market by Application
10.4.4.1 China Fucoidan Market by Type
10.4.4.2 China Fucoidan Market by Application
10.4.5.1 India Fucoidan Market by Type
10.4.5.2 India Fucoidan Market by Application
10.4.6.1 Japan Fucoidan Market by Type
10.4.6.2 Japan Fucoidan Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Fucoidan Market by Type
10.4.7.2 South Korea Fucoidan Market by Application
10.4.8.1 Vietnam Fucoidan Market by Type
10.4.8.2 Vietnam Fucoidan Market by Application
10.4.9.1 Singapore Fucoidan Market by Type
10.4.9.2 Singapore Fucoidan Market by Application
10.4.10.1 Australia Fucoidan Market by Type
10.4.10.2 Australia Fucoidan Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Fucoidan Market by Type
10.4.11.2 Rest of Asia-Pacific Fucoidan Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Fucoidan Market by Country
10.5.1.2 Middle East Fucoidan Market by Type
10.5.1.3 Middle East Fucoidan Market by Application
10.5.1.4.1 UAE Fucoidan Market by Type
10.5.1.4.2 UAE Fucoidan Market by Application
10.5.1.5.1 Egypt Fucoidan Market by Type
10.5.1.5.2 Egypt Fucoidan Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Fucoidan Market by Type
10.5.1.6.2 Saudi Arabia Fucoidan Market by Application
10.5.1.7.1 Qatar Fucoidan Market by Type
10.5.1.7.2 Qatar Fucoidan Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Fucoidan Market by Type
10.5.1.8.2 Rest of Middle East Fucoidan Market by Application
10.5.2.1 Africa Fucoidan Market by Country
10.5.2.2 Africa Fucoidan Market by Type
10.5.2.3 Africa Fucoidan Market by Application
10.5.2.4.1 Nigeria Fucoidan Market by Type
10.5.2.4.2 Nigeria Fucoidan Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Fucoidan Market by Type
10.5.2.5.2 South Africa Fucoidan Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Fucoidan Market by Type
10.5.2.6.2 Rest of Africa Fucoidan Market by Application
10.6 Latin America
10.6.1 Latin America Fucoidan Market by Country
10.6.2 Latin America Fucoidan Market by Type
10.6.3 Latin America Fucoidan Market by Application
10.6.4.1 Brazil Fucoidan Market by Type
10.6.4.2 Brazil Fucoidan Market by Application
10.6.5.1 Argentina Fucoidan Market by Type
10.6.5.2 Argentina Fucoidan Market by Application
10.6.6.1 Colombia Fucoidan Market by Type
10.6.6.2 Colombia Fucoidan Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Fucoidan Market by Type
10.6.7.2 Rest of Latin America Fucoidan Market by Application
11. Company Profile
11.1.1 Company Overview
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Yaizu Suisankagaku
11.2.1 Company Overview
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3.1 Company Overview
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Company Overview
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5.1 Company Overview
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Fucoidan Force
11.6.1 Company Overview
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7.1 Company Overview
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8.1 Company Overview
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Haerim Fucoidan
11.9.1 Company Overview
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Sigma-Aldrich Corporation
11.10.1 Company Overview
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 A.M. Todd Botanical Therapeuticals
11.11.1 Company Overview
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12.1 Company Overview
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13.1 Company Overview
11.13.3 Product/Services Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
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