Global Seafood Extracts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Form;
Powder and Liquid.By Product Type;
Crab Extract, Codfish Extract, Lobster Extract, Shrimp Extract, Anchovy Extract, and Clam Extract.By Application;
Food Industry, Cosmetics Industry, Pharmaceutical Industry, and Agriculture Industry.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Seafood Extracts Market (USD Million), 2021 - 2031
In the year 2024, the Global Seafood Extracts Market was valued at USD 4,482.92 million. The size of this market is expected to increase to USD 6,652.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
The global seafood extracts market is a dynamic and evolving sector within the food industry, driven by a multitude of factors including changing consumer preferences, advancements in food processing technologies, and increasing awareness regarding the health benefits of seafood-based products. With a rich variety of extracts derived from various seafood sources such as fish, shellfish, and crustaceans, this market offers a wide array of options for manufacturers to innovate and cater to diverse consumer demands.
Consumers are increasingly seeking natural and nutritious ingredients in their food products, propelling the demand for seafood extracts. These extracts are valued for their high protein content, omega-3 fatty acids, vitamins, and minerals, which contribute to a healthier diet. Moreover, the rising prevalence of lifestyle-related health issues such as obesity and cardiovascular diseases has led to a greater emphasis on functional foods, further driving the growth of the seafood extracts market as manufacturers incorporate these extracts into a range of products to enhance nutritional value.
In addition to their nutritional benefits, seafood extracts are also prized for their flavor-enhancing properties, making them a popular choice in the culinary world. From enhancing the umami taste in soups and sauces to providing a savory boost to snacks and seasonings, seafood extracts play a versatile role in elevating the taste profile of various food products. As culinary trends continue to evolve and consumers explore new flavor experiences, the demand for seafood extracts is expected to witness steady growth, presenting lucrative opportunities for players in the global market.
Global Seafood Extracts Market Recent Developments
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In July 2024, a brand introduced plant-based scrambled egg mixes designed for vegan consumers and allergen-sensitive markets.
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In October 2022, a company launched shelf-stable scrambled egg mixes with fortified nutrients targeting convenience food segments.
Segment Analysis
The Global Seafood Extracts Market has been segmented by form, product type, and application, each contributing to its diverse growth. In terms of form, the market is divided into powder and liquid extracts. The powder form is preferred in industries that require concentrated seafood flavor, easy handling, and extended shelf life, such as in the food and pharmaceutical industries. Powdered seafood extracts are commonly used as ingredients in sauces, soups, seasonings, and as dietary supplements. The liquid form, on the other hand, is often favored in culinary applications for its rich, natural taste and easy incorporation into ready-to-eat products. Liquid extracts are especially popular in the food and beverage sectors for their ability to enhance the flavor profile of a wide range of dishes, from soups and gravies to marinades and dressings.
In terms of product type, the market is segmented into crab extract, codfish extract, lobster extract, shrimp extract, anchovy extract, and clam extract, among others. Among these, shrimp extract holds a significant share, owing to the high demand for shrimp-based products in both the food industry and as a base for sauces and seasonings. Crab extract and lobster extract are also in high demand, particularly for their rich, sweet flavor profiles, which make them valuable in gourmet food preparations and luxury culinary offerings. Anchovy extract, known for its strong umami flavor, is widely used in processed foods and condiments. Meanwhile, codfish and clam extracts are used in a variety of culinary applications, particularly in soups, stocks, and sauces, adding a distinctive seafood flavor.
The application of seafood extracts spans several industries, with major segments including the food industry, cosmetics industry, pharmaceutical industry, and agriculture industry. In the food industry, seafood extracts are primarily used for flavor enhancement, in products such as soups, sauces, seasonings, and processed foods. The cosmetics industry utilizes these extracts for their rich amino acid, protein, and mineral content, which can nourish the skin and support anti-aging products. The pharmaceutical industry leverages seafood extracts for their potential health benefits, including anti-inflammatory properties and their use in nutritional supplements. Lastly, in the agriculture industry, seafood extracts are sometimes used in fertilizers and animal feed due to their nutrient-rich composition, which supports plant and livestock growth. This diverse range of applications highlights the expanding role of seafood extracts across various sectors, fueling market growth and innovation.
Global Seafood Extracts Segment Analysis
In this report, the Global Seafood Extracts Market has been segmented by Form, Product Type, Application and Geography.
Global Seafood Extracts Market, Segmentation by Form
The Global Seafood Extracts Market has been segmented by Form into Powder and Liquid.
The powder form of seafood extracts is widely used due to its long shelf life, ease of transportation, and versatility in various applications. Powdered seafood extracts are particularly favored in the food industry for their ability to provide a concentrated seafood flavor in products such as soups, sauces, seasonings, and ready-to-eat meals. The convenience of powder also makes it an attractive option for the pharmaceutical and cosmetic industries, where it is used in the formulation of dietary supplements, skincare products, and beauty treatments. Additionally, powdered seafood extracts are ideal for bulk use, allowing for cost-effective production in both commercial and industrial settings.
On the other hand, liquid seafood extracts are preferred for applications that require a more natural, rich, and immediate seafood flavor. Liquid extracts are widely used in the food and beverage industry, where they are added to soups, stocks, gravies, and marinades to enhance the umami taste and provide a more authentic seafood experience. In the cosmetic sector, liquid extracts are valued for their ability to be easily incorporated into lotions, creams, and other skincare products. The liquid form is also ideal for the pharmaceutical industry, as it can be quickly absorbed and processed into supplements or nutraceuticals. The ease of use and the fresh, vibrant flavor offered by liquid seafood extracts make them especially appealing in culinary applications, where they are directly added to dishes or products for immediate flavor enhancement. Overall, both powder and liquid forms of seafood extracts serve distinct functions across industries, contributing to the market's continued expansion and innovation.
Global Seafood Extracts Market, Segmentation by Product Type
The Global Seafood Extracts Market has been segmented by Product Type into Crab Extract, Codfish Extract, Lobster Extract, Shrimp Extract, Anchovy Extract and Clam Extract.
One key segment is fish oil, derived from fatty fish species like salmon, mackerel, and sardines. Fish oil is rich in omega-3 fatty acids, known for their health benefits, including cardiovascular support and anti-inflammatory properties. This segment sees high demand in nutraceuticals, pharmaceuticals, and functional food products.
Another significant segment is fish paste, a concentrated form of fish protein obtained from various fish species. Fish paste is widely used in food processing for enhancing flavor, nutrition, and texture. It serves as a key ingredient in soups, sauces, seasonings, and snacks, contributing to the umami taste and protein content of food products. The demand for fish paste is growing due to its versatility and potential to replace other protein sources.
A third segment in the seafood extracts market is fish protein hydrolysate (FPH), derived through enzymatic or chemical hydrolysis of fish proteins. FPH contains bioactive peptides with potential health benefits, such as antioxidant and antimicrobial properties. This segment is gaining traction in the cosmetics and personal care industry, where FPH is used in skincare products for its moisturizing and anti-aging effects. Additionally, FPH is utilized in animal feed formulations to enhance digestibility and promote growth in aquaculture and livestock farming.
Global Seafood Extracts Market, Segmentation by Application
The Global Seafood Extracts Market has been segmented by Application into Food Industry, Cosmetics Industry, Pharmaceutical Industry and Agriculture Industry.
In the food and beverage sector, seafood extracts are utilized for their flavor-enhancing properties in products like soups, sauces, seasonings, and ready-to-eat meals. Their rich umami taste adds depth and complexity to culinary creations, catering to the preferences of discerning consumers who seek premium taste experiences.
In the pharmaceutical and nutraceutical industries, seafood extracts find application in the formulation of dietary supplements and health products. Rich in essential nutrients such as omega-3 fatty acids, proteins, vitamins, and minerals, these extracts offer potential health benefits, including cardiovascular support, cognitive function enhancement, and joint health maintenance. As consumer awareness of the importance of nutrition grows, demand for seafood extracts as functional ingredients is on the rise.
The cosmetic and personal care sector presents another avenue for the utilization of seafood extracts. With their moisturizing, anti-inflammatory, and antioxidant properties, these extracts are incorporated into skincare formulations, hair care products, and spa treatments. As consumers prioritize natural and sustainable ingredients in their beauty routines, seafood extracts, sourced responsibly and renowned for their beneficial effects on skin and hair health, are gaining traction as key components in premium cosmetics.
The segmentation of the global seafood extracts market by application underscores the versatility and widespread appeal of these products across diverse industries, from food and pharmaceuticals to cosmetics, driven by their unique sensory attributes and potential health and wellness benefits.
Global Seafood Extracts Market, Segmentation by Geography
In this report, the Global Seafood Extracts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Seafood Extracts Market Share (%), by Geographical Region, 2024
The global seafood extracts market exhibits varied trends across different geographical regions. In North America, the market is driven by a growing consumer preference for natural ingredients and flavors in food products. Seafood extracts are gaining popularity among health-conscious consumers due to their high nutritional value and flavor-enhancing properties. Additionally, the increasing demand for convenience food products is contributing to the growth of the seafood extracts market in the region, with manufacturers incorporating these extracts into a wide range of processed foods.
In Europe, the seafood extracts market is influenced by factors such as changing dietary preferences, rising awareness about the health benefits of seafood consumption, and a growing demand for clean-label food products. Consumers are increasingly seeking alternatives to artificial additives and flavor enhancers, which has led to an uptick in the use of natural seafood extracts in food manufacturing. Moreover, the region's strong culinary tradition and appreciation for seafood-based dishes further drive the market growth, with manufacturers innovating to meet the diverse preferences of European consumers.
In the Asia Pacific region, the seafood extracts market is experiencing robust growth attributed to several factors, including the region's abundant seafood resources, increasing disposable incomes, and changing dietary habits. Seafood extracts are extensively used in traditional cuisines across countries like Japan, China, and South Korea, where they are valued for their umami-rich flavor profile and health benefits. Furthermore, the rising demand for processed seafood products, such as soups, sauces, and seasonings, is fueling the adoption of seafood extracts by food manufacturers in the region. The growing awareness about the nutritional value of seafood extracts and their role in enhancing the taste of food products is expected to sustain the market's growth momentum in the Asia Pacific region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Seafood Extracts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing Consumer Awareness of Health Benefits
- Rising Demand for Functional Ingredients in Food Industry
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Expansion of Aquaculture Practices - The global seafood extracts market is witnessing significant expansion, driven largely by the proliferation of aquaculture practices worldwide. With the increasing demand for seafood products, aquaculture has emerged as a sustainable solution to meet this growing need while alleviating pressures on wild fish populations. As aquaculture technologies advance and become more efficient, seafood extract producers have access to a more abundant and diverse array of raw materials for their products. This abundance not only ensures a stable supply chain but also promotes innovation in seafood extract processing techniques, leading to the development of high-quality extracts with enhanced nutritional profiles and functional properties.
The expansion of aquaculture practices has contributed to the geographical diversification of seafood extract production hubs. Previously concentrated in traditional fishing regions, seafood extract manufacturers now have access to a broader range of raw materials from aquaculture farms located across different continents. This geographical diversification not only mitigates risks associated with overfishing and environmental fluctuations but also allows for the exploration of new species and sources for seafood extracts. As a result, the global seafood extracts market is experiencing a paradigm shift, with a greater emphasis on sustainability, innovation, and market diversification driven by the expansion of aquaculture practices.
Restraints:
- Environmental Concerns and Sustainability Issues
- Regulatory Challenges and Compliance Costs
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Price Volatility and Supply Chain Disruptions - The global seafood extracts market has been experiencing notable price volatility in recent years, largely due to a combination of factors including environmental changes, overfishing, and geopolitical tensions. Fluctuations in fish populations, driven by factors such as climate change and habitat destruction, can lead to irregularities in supply, which in turn affect prices. Moreover, shifts in consumer preferences towards sustainable and ethically sourced seafood have put pressure on the industry to adopt more responsible fishing practices, further complicating supply dynamics.
The seafood extracts market has also faced significant disruptions in its supply chain. Events such as natural disasters, regulatory changes, and the ongoing COVID-19 pandemic have highlighted vulnerabilities in the global seafood trade. Disruptions in transportation and logistics, as well as closures of processing facilities, have led to delays and shortages in supply. These disruptions not only impact market prices but also raise concerns about food security and sustainability in the long term. Addressing these challenges will require collaboration across the seafood industry, as well as innovative solutions to enhance resilience and adaptability within the supply chain.
Opportunities:
- Innovations in Extraction Technologies
- Emerging Markets and Untapped Potential
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Diversification into Nutraceuticals and Cosmeceuticals - The global seafood extracts market is undergoing a notable diversification trend, branching out beyond its traditional applications into the realms of nutraceuticals and cosmeceuticals. This shift is fueled by growing consumer awareness regarding the health benefits of seafood-derived compounds. Nutraceuticals, which combine the terms "nutrition" and "pharmaceuticals," refer to food or food products that provide health and medical benefits, including the prevention and treatment of diseases. Seafood extracts, rich in omega-3 fatty acids, vitamins, and minerals, are increasingly being incorporated into nutraceutical formulations due to their potential to support heart health, cognitive function, and overall well-being.
The cosmetic industry is witnessing a surge in the use of marine-derived ingredients in cosmeceuticals, which are cosmetic products containing biologically active ingredients purported to have medical or pharmaceutical benefits. Seafood extracts are valued for their antioxidant, anti-inflammatory, and moisturizing properties, making them attractive components in skincare and haircare formulations. As consumers seek natural and sustainable alternatives in their beauty routines, the demand for cosmeceuticals featuring marine ingredients is on the rise. This diversification of the seafood extracts market into nutraceuticals and cosmeceuticals underscores the growing recognition of the potential health and wellness benefits offered by marine-derived compounds.
Competitive Landscape Analysis
Key players in Global Seafood Extracts Market include:
- Mitsubishi International Polymer Trade Corporation.
- ARIAKE
- Nikken Foods USA
- Activ International Group
- North Marine Ingredients
- SUBONEYO Chemicals Pharmaceuticals P Limited
- Kanegrade Ltd
- Arjuna Natural Pvt Ltd
- Lsi hf.
- Norwegian Fish Oil AS
- Xsens Technologies BV
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Form
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Seafood Extracts Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Consumer Awareness of Health Benefits
- Rising Demand for Functional Ingredients in Food Industry
- Expansion of Aquaculture Practices
- Restraints
- Environmental Concerns and Sustainability Issues
- Regulatory Challenges and Compliance Costs
- Price Volatility and Supply Chain Disruptions
- Opportunities
- Innovations in Extraction Technologies
- Emerging Markets and Untapped Potential
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Diversification into Nutraceuticals and Cosmeceuticals
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitve Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Seafood Extracts Market, By Form, 2021 - 2031 (USD Million)
- Powder
- Liquid
- Global Seafood Extracts Market, By Product Type, 2021 - 2031 (USD Million)
- Crab Extract
- Codfish Extract
- Lobster Extract
- Shrimp Extract
- Anchovy Extract
- Clam Extract
- Global Seafood Extracts Market, By Application, 2021 - 2031 (USD Million)
- Food Industry
- Cosmetics Industry
- Pharmaceutical Industry
- Agriculture Industry
- Global Seafood Extracts Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Seafood Extracts Market, By Form, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Mitsubishi International Polymer Trade Corporation.
- ARIAKE
- Nikken Foods USA
- Activ International Group
- North Marine Ingredients
- SUBONEYO Chemicals Pharmaceuticals P Limited
- Kanegrade Ltd
- Arjuna Natural Pvt Ltd
- Lsi hf.
- Norwegian Fish Oil AS
- Xsens Technologies BV
- Company Profiles
- Analyst Views
- Future Outlook of the Market