Fucoidan Market Report

The global fucoidan market is likely to benefit from increasing awareness about different applications of the natural sulfated polysaccharide in key end-use industries. According to a research study published in the American Journal of Respiratory and Critical Care Medicine, fucoidan shows potential as a natural adjuvant that represents a possible therapeutic approach for pulmonary arterial hypertension. Fucoid is also studied to help reduce the risk of cancer. Besides healthcare, skincare and cosmeceuticals are among lucrative applications of fucoidan. According to experts, fucoidan has skin elasticity and skin water retention, antithrombotic, antioxidant, anticoagulant, and other properties.

In February 2019, Marinova, an Australian biotechnology company, announced about the release of a new research that studies neuroprotective effects of fucoidan. Published in the International Journal of Biological Macromolecules, the research and its findings are said to help explore future options for the treatment of Alzheimer’s disease.

Potential Use of Fucoidan in Cancer Treatments Expected to Support Market Growth

Various health benefits associated with the use of fucoidan are expected to increase the demand for the natural sulfated polysaccharide in the coming years. Fucoidan finds application in the prevention of infections due to its antiviral properties. It could also be used to prevent blood clots, lower blood pressure, reduce inflammation, and improve immunity. Cancer treatment is one of the top applications of fucoidan because of its antitumor properties. According to a research study published in the journal Marine Drugs, fucoidan shows promise as a candidate for future anticancer therapy. The research was made by Dutch and Polish researchers and published in January 2019.

Challenges in Use of Fucoidan

Players to Form Collaborations to Explore New and Important Applications of Fucoidan

Some of the popular players of the global fucoidan market are Kanehide, Qingdao Rongde, Kamerycah, Takara, Jeezao, Yaizu Suisankagaku, FucoHiQ, FMC, Fucoidan Force, Marinova, Seaherb, and Haerim Fucoidan. Companies in the fucoidan business are predicted to invest heavily in research and development and collaborate with other research institutes or players to add strength to their market growth.

In August 2019, Marinova announced that its high-purity fucoidan extracts were used in a collaboration with the University of South Australia to develop polyelectrolyte and polymer multilayers having potential benefits to offer in wound dressing applications. In the research study, the potential of the novel multilayers in pharmaceutical and clinically relevant applications was also explored.

Market Segments

By Product Type

●  Powder Type

●  Capsule Type

●  Others

By Application

●  Pharmaceutical

●  Healthcare Products

●  Cosmetics

On the basis of type of product, the global fucoidan market is segmented into capsule type, powder type, and others. Based on application, the global fucoidan market is segmented into healthcare products, pharmaceutical, and cosmetics. Important application of fucoidan in the production of medications used to treat cancer and related diseases is expected to boost the market growth of the pharmaceutical segment in future. Fucoidan also finds application in healthcare products such as those used to treat chronic skin conditions such as atopic dermatitis.

By Region        

Asia Pacific and the US are anticipated to exhibit robust growth in the global fucoidan market in terms of consumption. In Asia Pacific, Japan and China could be among leading contributors to the growth of the regional fucoidan market. Japan is expected to increase its growth in the fucoidan market as researchers continue to focus on discovering new benefits of fucoidan that are not just limited to healthcare. In March 2019, Japan’s Okinawa Institute of Science and Technology Graduate University unveiled the world’s first draft genome of Japanese brown seaweed ito-mozuku. The researchers also provided data that could help farmers to grow the seaweed in a better way. Furthermore, they identified genes that boost fucoidan concentration in the seaweed, which could be a helpful finding for the health food industry.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.