Seafood Extract Market Size - By Type (Shrimp Extract, Crab Extract, Lobster Extract, Codfish Extract, Clam Extract, Anchovy Extract), Form (Powder, Liquid), End-Use Industry (Food industry, Cosmetics industry, Agricultural industry) & Forecast, 2024 - 20

Seafood Extract Market Size - By Type (Shrimp Extract, Crab Extract, Lobster Extract, Codfish Extract, Clam Extract, Anchovy Extract), Form (Powder, Liquid), End-Use Industry (Food industry, Cosmetics industry, Agricultural industry) & Forecast, 2024 - 2032

Global Seafood Extract Market will witness over 5.6% CAGR between 2024 and 2032, spurred by increased research into the reuse of seawaste. Researchers are exploring innovative ways to extract valuable compounds such as proteins, peptides, and bioactive compounds from seafood processing by-products and seaweed. These extracts are finding applications in various industries, including food and beverage, pharmaceuticals, and cosmetics, owing to their nutritional benefits and functional properties.

For instance, in February 2024, Researcher Yangchao Luo and his team from the Department of Nutritional Sciences at the College of Agriculture, Natural Resources and Health addressed the issue of seafood waste by developing a sustainable method to extract chitin from seafood waste. Their discovery was documented in the International Journal of Biological Macromolecules.

With concerns over sustainability and food waste management gaining prominence, seafood extracts present a sustainable solution by utilizing otherwise discarded materials. This trend is driving market expansion as consumers and industries alike seek natural and sustainable ingredients. As research continues to advance, the seafood extract market is poised to capitalize on these developments, offering novel products that cater to evolving consumer preferences for healthy and environmentally friendly options.

The overall Seafood Extract Industry size is classified based on the type, form, end-use, and region.

The seafood extract market is witnessing heightened demand for crab extracts due to their rich nutritional profile and health benefits. Crab extracts, derived from processing crab shells and meat, are valued for their high content of proteins, chitin, and bioactive compounds like astaxanthin. These extracts find extensive use in dietary supplements, functional foods, and cosmetics thanks to their antioxidant properties and potential anti-inflammatory effects. As consumers prioritize natural and functional ingredients, the demand for crab extracts continues to grow, driving innovation and expansion in the seafood extract market globally.

The seafood extract market is experiencing increasing demand for liquid forms of extracts derived from seafood sources. These liquid extracts, rich in proteins, omega-3 fatty acids, and other bioactive compounds, are favored for their convenience and versatility in food and beverage applications. Liquid seafood extracts are utilized in soups, sauces, beverages, and nutritional supplements due to their ease of incorporation and rapid absorption. As consumers seek functional and health-promoting ingredients, the popularity of liquid seafood extracts continues to rise, reflecting a growing preference for natural and nutrient-rich products in the global market.

Europe seafood extract market is experiencing growing demand driven by increasing consumer interest in natural and sustainable food ingredients. Seafood extracts, known for their rich nutritional content and health benefits, are gaining popularity in dietary supplements, functional foods, and culinary applications across the region. European consumers prioritize products that are high in protein, omega-3 fatty acids, and bioactive compounds like antioxidants. As awareness of health and wellness grows, along with concerns about environmental sustainability, the demand for seafood extracts in Europe is expected to continue rising. This trend underscores a shift towards healthier eating habits and a preference for products that support sustainable sourcing practices in the food industry.