Albany, NY -- (SBWIRE) -- 04/24/2018 -- 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.

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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.

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.

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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.