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Seafood extract are obtained from sea life animals such as fish, shellfish, crab, lobster etc. after processing them. Use of seafood in various industries such as pharmaceutical, cosmetic, food and paper industry is increasing which in turn is driving the growth of seafood extracts in global market. Seafood is considered as a healthy food for humans as it contains nutrients which are utilized in body to prevent number of diseases and also helps as a healthy diet. Seafood extract adds flavour to the food if applied topically or used in stuffing and filling in food products. Seafood extracts are available in paste, powder, oil etc. forms to be used in food. Fish shell extract is used in various cosmetic products which is increasing demand for the seafood extract in global market.

 Market Segmentation: Seafood extracts

The seafood extracts market is segmented on the basis of its applications in different industries such as food industry, cosmetic industries, pharmaceutical industries, agriculture industry, paper industry etc. In food industry seafood extracts available in powder and other forms are used in soups, marinades, salad dressings, snacks, appetizers etc. as flavor enhancer. In cosmetic industry, crystalline guanine obtained from fish extracts is used in shampoo, eye shadows, nail polish and perfumes etc. which gives shiny effect to the product. Calcium carbonate obtained from shell waste of crab is used in pharmaceutical industry as a constituent of pills. In agricultural industry, extracts obtained from seafood is used as a fertilizer.

The seafood extracts market is segmented on the basis of end-product as anchovy extract, clam extract, codfish extract, crab extract, lobster extract, shrimp extract, taimi extract, katsuobushi extract, and tangle extract etc. These seafood extract products are mainly obtained in powder, paste, oil and flake forms to be used in various industries.

The seafood extract market is segmented on the basis of source as fish, crab, lobster, seaweed and others. Fish and crab extracts are used more comparatively than seaweed and lobster extracts.

The seafood extracts market is segmented on the basis of regions as North America, Latin America, Europe, APAC and ME.

Global Seafood Extracts Market: Regional Outlook

Depending on geographic regions global Seafood Extracts market is segmented into five key regions: North America, Latin America, Europe, APAC and ME. Japan, China, South Korea and other Asian countries are the major consumers of seafood extract. Europe and the U.S. are emerging markets for seafood extracts and have seem to grow in forecast period. MEA is also gaining interest in seafood extract products and is expected to grow in near future.

Global Seafood Extracts Market: Drivers and Trends

The seafood extracts market is primarily driven by health conscious consumer as seafood extract contains proteins and carbohydrates, as a result of increasing awareness of healthy food consumption seafood extract demand is increasing. Supermarket sale of seafood extract food products is growing fast as a result of increasing popularity of seafood extract products used in pasta, frozen fish and crab cakes and seafood-based soups as topping or flavoring agent. Use of seafood extracts in cosmetic industry is increasing as the demand for cosmetic products like shampoo, nail paints, perfume and lipsticks is increasing globally. Seafood extracts are also used as taste enhancing flavours which is increasing demand for seafood extract powder, paste and oils in food industry.

Global Seafood extracts: Key Players

Some of the key players identified across the value chain of the global Seafood Extracts market include Nikken Foods, Acadian Seaplants Ltd., MC Food Specialties Inc., Manidharma Biotech Private Limited, Agri Bio Care India, Kakusan Foods Co., Ltd., Suboneyo Chemicals Pharmaceuticals (P) Limited, Sar Agrochemicals & Fertilizers Pvt. Ltd., Sushil Corporation, Canada Oceanic  are amongst.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Seafood Extracts Market

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