Marine excipients market expected to grow at CAGR of 6.5% through 2033, valued at USD 1,344.9 million

Marine excipients market expected to grow at CAGR of 6.5% through 2033, valued at USD 1,344.9 million

Marine excipients market

The global marine excipients market is expected to grow by $716.3 million in 2023 to 1,344.94 million USD by 2033. During the forecast period, the global demand for marine excipients is expected to increase by 6.5% CAGR.

The marine excipients market is a vast industry that benefits from a wide range of marine-derived compounds. Many industries, from food and beverages to pharmaceuticals, cosmetics and personal care, depend on these valuable resources.

The options available range from seaweed and algae to fish and crab shells. Each choice is crucial in the production of excipients. Marine excipients are gaining popularity due to their natural and sustainable nature and potential health benefits.

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Consumer preferences for environmentally friendly products are also driving the growth of the marine excipients industry. Manufacturers from various industries are looking to marine excipients for their multifunctional properties, which include stabilization, thickening, gelling, and emulsification.

The market also faces a number of challenges, including variations in the composition and quality of seafood products due to environmental conditions and harvesting complications. Additionally, regulations and sustainability concerns impose constraints on the industry.

Key findings from the report:

  • The global marine excipients market is expected to reach 1,344.9 million USD until 2033.
  • Due to the type of product, the alginate segment is ready for development 5.6% CAGR until 2033.
  • Based on the source, the seaweed segment is likely to progress 8.9% CAGR.
  • The market value in the United States is set at the total level $287.4 million until 2033.
  • The marine excipients market in China is poised to achieve a CAGR of 7.4% until 2033.
  • In India, the CAGR is estimated to be 6.2% during the forecasting period.

“The marine excipients market is growing rapidly due to the growing demand for natural and sustainable ingredients in many industries. Key companies are expected to integrate new production and extraction technologies to stay ahead of the competition,” -says Nandini Roy Choudhury (Food & Beverage Client Partner at Future Market Insights, Inc.)

Key Companies Profile

  • Blue Biotechnology
  • Earthrise
  • Roquette blocks
  • Rizhao Jiejing Ocean Biotechnology Development Co., LTD, China
  • AlgaNovo International Co., Ltd, China
  • Yigeda Bio-Technology Co., Ltd, China
  • EID Parry Celebration
  • BASF (Cognis Australia, Betatene/BASF (Germany)
  • Natural beta technologies
  • Cyanotechnology
  • Mera Pharma
  • BioReal
  • American Nutra
  • AlgaTech
  • Blue Biotechnology
  • SandaKing
  • DIC Lifetec
  • Marcel Karagenan
  • Carrageenan from Zamboanga
  • Multicipta Infodevindo,
  • PT Sumber Alam Lestari
  • Meck Pharmaceuticals & Chemicals Pvt.

Acquisitions and mergers bring benefits to companies by improving the quality of their products and expanding their market reach.

Combining resources, expertise, and customer bases can lead to access to new technologies, distribution channels, manufacturing facilities, and talent. Similarly, introducing new products can help companies stay competitive and meet changing consumer demands.

Last changes:

  • In 2021 Satiagel VPC 614 Kappa Carrageenan was introduced to the market by Cargill.
  • In March 2020 Hispanagar introduced QSol, a highly soluble agar that enables dissolution at low temperatures.

Get more valuable information

The new Future Market Insights (FMI) offering provides an unbiased analysis of the global marine excipients market, including demand data from 2018-2022 and forecasted statistics for 2023-2033.

The study provides compelling insights into the marine excipients market based on product type (alginate, carrageenan, agar, fucoidan, chitosan, gelatin and marine polysaccharides), end-use industry (pharmaceutical industry, food and beverage industry, cosmetics and personal care industry, agro-industry, veterinary industry, nutraceuticals, dietary supplements), functionalities (fillers and diluents, suspending and viscosity regulating agents, binders, flavouring agents, disintegrants, colourants, gelling agents, film forming agents and coating agents), source (algae, cladosiphon, seaweed, crustaceans, corals, freshwater chlorophyll, polysaccharide), form (liquid, powder, granular and semi-solid) and region.

About the Food and Beverage Division at Future Market Insights (FMI)

FMI’s Food & Beverage team offers comprehensive Business Intelligence services, with a wide range of reports and data points analyzed in over 50 countries over a decade. The team provides consulting services and comprehensive research, offering clients worldwide expert analysis, actionable insights and strategic recommendations. Contact them to learn how they can help you with your unique Business Intelligence needs.

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Marine Excipients Market Outlook by Category

By product type:

  • Alginate
  • Carrageenan
  • Agar
  • Fucoidan
  • Chitosan
  • gelatine
  • Marine polysaccharides

By end-use industry:

  • Pharmaceutical industry
    • Oral preparations
    • Pills
    • Capsules
    • Liquid formulas
    • Local preparation
    • Others
  • Food and beverage industry
  • Personal Care and Cosmetics Industry
  • Agricultural industry
  • Veterinary industry
  • Nutraceutical
  • Dietary supplements

By functionality:

  • Fillers and thinners
  • Suspending and viscosity increasing agents
  • Binders
  • Flavourings
  • Disintegrants
  • Dyes
  • Gelling agent
  • Film-forming agent
  • Coating agents

According to the source:

  • Algae
    • Green algae
    • Green microalgae
    • Cyanobacteria algae
    • Haemattococcus algae
  • Cladosiphon
  • Seaweed
    • Brown seaweed
    • Red seaweed
  • Shellfish
  • Corals
  • Freshwater Chlorophyta
  • Polysaccharide

By form:

  • Liquid
  • Powder
  • Grainy
  • Semi-solid

By region:

  • North America
  • Europe
  • Latin America
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth insights into the factors driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting and events for the packaging, food and beverage, consumer technology, healthcare, industrial and chemical markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional and local expertise on various industry disciplines and trends in over 110 countries.

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