Fucoidan Extract Market Will Reflect Significant Growth Prospects during 2018 – 2028
Fucoidan Extract Market: Dynamics
Fucoidan extract find application as an anticoagulant and antioxidant and an antiviral, anti-inflammatory, antithrombotic, anti-angiogenic and antitumor agent. In recent years, fucoidan extract has garnered attention in the cosmetics and skincare industry for its skin water retention and skin elasticity retention properties. It is thus used in products such as face creams, lotions and shampoos.
The human body cannot digest fucoidan due to the lack of enzymes, which contributes to the usage of fucoidan extract in dietary supplements. Fucoidan extract also prevents lipid accumulation and inhibits adipogenesis. It has been traditionally used in the normal diet in Asian countries such as Japan and China. Attributing to its high water solubility, fucoidan extract is incorporated as a thickening agent in refreshing drinks, energy drinks, soups and other processed food products.
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Fucoidan extract is believed to reduce tumor cells and prevent cancer and has been studied by a number of researchers for the same. In Japan, 90% of the consumers of fucoidan extract are cancer patients and the remaining 10% of the consumers are either consuming it for health maintenance or to lower the risk of cancer.
Attributing to some endogenous and exogenous factors, fucoidan extract usage in clinical medicine is challenging, despite the promising results in treating cancer and other conditions. The molecular weight and bioactivity differences between the different sources of fucoidan extract are also crucial factors. Also, dependence of the properties on the extraction method and purity and contamination with heavy metals from the ocean are some of the other factors hindering the utilization of fucoidan extract.
Global Fucoidan Extract Market: Market Participants
MYM International, Kanehide Bio Co., Ltd., Marinova, Yaizu Suisankagaku Industry Co. Ltd., Haerim Fucoidan, Fucoidanforce and Sea Herb are among the key players identified in the global fucoidan extract market.
Global Fucoidan Extract Market: Key Developments
Inshore farming of seaweed is trending with many entrepreneurs looking to develop farming methods, technologies and designs so as to reduce the impacts of pollution on aquatic ecosystems. With the increase in seaweed production, the fucoidan extract market is expected to witness significant growth in the future.
Research and development in anticancer drugs and the possibility of a synergistic effect of fucoidan extract with chemotherapeutic agents to eradicate tumor cells might boost the growth of the global fucoidan extract market.
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