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North America 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

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    Report

  • May 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5976194
The North America Kelp Product Market would witness market growth of 4.9% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 2,047.00 Tonnes, showcasing a growth of 11.1% (2020-2023).

Extracts from kelp, such as fucoidan, alginate, and laminarin, have demonstrated various therapeutic properties, including anti-inflammatory, antioxidant, antimicrobial, and anticoagulant effects. These bioactive compounds show potential in the treatment and prevention of chronic diseases such as cancer, cardiovascular disorders, diabetes, and neurodegenerative conditions. Therefore, the U.S. market utilized 445.62 Tonnes of Kelp product in pharmaceutical segment in 2023.



The US market dominated the North America Kelp Product Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $195.7 million by 2031. The Canada market is experiencing a CAGR of 7.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.4% during (2024 - 2031).

Kelp products encompass a diverse array of items derived from it. These products span various industries and applications, reflecting kelp's versatility and nutritional richness. From dietary supplements, which capitalize on their iodine content to support thyroid health, to skincare formulations harnessing their antioxidant properties for skin protection and rejuvenation, kelp finds its way into many facets of daily life.

Additionally, Culinary delights like kelp noodles and snacks offer a flavorful and nutritious alternative, while its presence in organic fertilizers enriches soil health and promotes sustainable agriculture. Furthermore, kelp's potential extends to bioplastics, textiles, and even animal feed, illustrating its role in fostering environmentally conscious alternatives across diverse sectors. As innovation continues, the scope for kelp-derived products is poised to expand, offering both ecological and human health benefits.

There is a growing demand for natural and clean beauty products in North America, driven by concerns about using harmful chemicals in conventional skincare products. This rising demand for natural and clean beauty products in North America has increased interest in kelp-based skincare and haircare products. Thus, the growth of the cosmetics sector in this region, coupled with the increasing consumer preference for natural and sustainable beauty products, is expected to propel the growth of the regional kelp product market.

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 U.S., Mexico, Canada, and Rest of North America.

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.

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)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Kelp Product Market, by Form
1.4.2 North America Kelp Product Market, by Application
1.4.3 North America Kelp Product Market, by Type
1.4.4 North America Kelp Product Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Kelp Product Market by Form
4.1 North America Powder Market by Country
4.2 North America Liquid Market by Country
4.3 North America Flakes Market by Country
Chapter 5. North America Kelp Product Market by Application
5.1 North America Agriculture Market by Country
5.2 North America Food Market by Country
5.3 North America Pharmaceuticals Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Kelp Product Market by Type
6.1 North America Fresh market by Country
6.2 North America Dried Market by Country
6.3 North America Salted Market by Country
Chapter 7. North America Kelp Product Market by Country
7.1 US Kelp Product Market
7.1.1 US Kelp Product Market by Form
7.1.2 US Kelp Product Market by Application
7.1.3 US Kelp Product Market by Type
7.2 Canada Kelp Product Market
7.2.1 Canada Kelp Product Market by Form
7.2.2 Canada Kelp Product Market by Application
7.2.3 Canada Kelp Product Market by Type
7.3 Mexico Kelp Product Market
7.3.1 Mexico Kelp Product Market by Form
7.3.2 Mexico Kelp Product Market by Application
7.3.3 Mexico Kelp Product Market by Type
7.4 Rest of North America Kelp Product Market
7.4.1 Rest of North America Kelp Product Market by Form
7.4.2 Rest of North America Kelp Product Market by Application
7.4.3 Rest of North America Kelp Product Market by Type
Chapter 8. Company Profiles
8.1 Cargill, Incorporated
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.1.2.2 Acquisition and Mergers:
8.2 CP Kelco U.S., Inc. (J.M. HUBER)
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 DuPont de Nemours, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Groupe Roullier
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Acadian Seaplants Limited
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Gelymar SA (Algina Inversiones SA)
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Seasol International Pty Ltd.
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 COMPO Group
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Brandt, Inc.
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Wild Irish Seaweeds Ltd.
8.10.1 Company Overview
8.10.2 SWOT Analysis

Companies Mentioned

  • 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.

Methodology

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