Fucoidan Market Size, Share, Industry, Forecast and Outlook (2023-2030)

Fucoidan Market Overview

Global Fucoidan Market reached US$ 90.5 million in 2022 and is expected to reach US$ 202.6 million by 2030, growing with a CAGR of 10.6% during the forecast period 2023-2030.

The fucoidan market has grown lately as a result of the increased demand for natural health products and components. Fucoidan is often used as a supplement in the form of capsules or powder, and it may be found in a variety of meals and drinks. A number of variables, such as the rising demand for organic goods, rising health consciousness, and the growth in chronic illnesses, are having an impact on the fucoidan market. Numerous possible benefits of fucoidan include the treatment of immunological diseases, cancer, and cardiovascular disease.

Fucoidan is becoming more and more in demand worldwide as the pharmaceutical industry expands. Fucoidan is used as an antioxidant. Antiviral, anticancer, anti-angiogenic, anti-inflammatory, anticoagulant, and antithrombotic agents are some of the other uses for it. Additionally, the use of fucoidan in the skincare and cosmetics sectors is growing. It has many benefits that help preserve the suppleness and hydration retention of the skin.

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Fucoidan Market Drivers

Growing Efforts to Improve Microalgae Extraction and Cultivation

The demand for fucoidans made from algae is rising in the market for nutrient-dense meals and supplements. The algal beta-glucan is less costly than other beta-glucans, such as yeast-derived beta-glucan. Fucoidan is also present in a number of brown seaweed species, mostly on the cell wall matrix.

The current study focuses on fucoidan and beta-glucan extracts from microalgae. This element is contributing to the market's expansion. The providers of microalgae components are always striving to suit the needs of the fucoidan market by refining their manufacturing capacities.

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Market Segmentation

By Form

• Powder
• Capsule
• Others

By Functionality

• Immunity Booster
• Cardiovascular Health
• Others

By Application

• Food and Beverages
• Supplements
• Others

Market Key Players

KANEHIDE BIO Co., Ltd, Kamerycah, Inc., Yaizu Suisankagaku, Fucoidan Force, Seaherb, Haerim Fucoidan, Marinova, Hi-Q Marine Biotech International Ltd., Molekula Group, and Absonutrix LLC.

Trending Topics

Beta-Glucan Market 

DHA Supplements Market

Probiotic Supplements Market 

Nutritional Supplements Market 

Algae Ingredients Market 

Seaweed Protein Market

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