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.
Free Valuable Insights: The Kelp Product Market is Predict to reach USD 1 Billion by 2031, at a CAGR of 5.6%
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.
By Form (Volume, Tonnes, USD Billion, 2020-31)
By Application (Volume, Tonnes, USD Billion, 2020-31)
By Type (Volume, Tonnes, USD Billion, 2020-31)
By Country (Volume, Tonnes, USD Billion, 2020-31)
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