Global Lithothamnium Calcareum Powder Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Lithothamnium Calcareum Powder Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Lithothamnion calcareum is a red algae of the family Coralidae, characterized by the formation of calcium carbonate precipitates in its cell walls. Lithothamnium Calcareum Powder is the powder obtained by grinding the dried red algae. Lithothamnium Calcareum Powder is rich in trace elements and is widely used in nutritional supplements and cosmetics.

Market Overview:

The latest research study on the global Lithothamnium Calcareum Powder market finds that the global Lithothamnium Calcareum Powder market reached a value of USD 123.41 million in 2023. It’s expected that the market will achieve USD 204.03 million by 2029, exhibiting a CAGR of 8.74% during the forecast period.

Carbon neutrality generally refers to the total amount of carbon dioxide or greenhouse gas emissions directly or indirectly produced by a country, enterprise, product, activity or individual within a certain period of time. Through afforestation, energy conservation and emission reduction, etc., offset the carbon dioxide or greenhouse gas emissions generated by itself, realize positive and negative offsets, and achieve relatively zero emissions.

Under the current challenges faced by human beings such as climate warming, environmental pollution, and lack of healthy and nutritious food, the combination of low-carbon and healthy industrial paths and economic development has become a hot research direction. Biomacromolecules of marine origin have the characteristics of rich resources, unique functions, biological safety, and low cost. They are excellent raw materials in the fields of food, medicine, and cosmetics. Marine-derived biological macromolecules conform to the development trend of green industry and low-carbon economy advocated by the world, and the development prospects are extremely promising.

Market Drivers Analysis

Lithothamnium Calcareum Powder has high nutritional value
Lithothamnium Calcareum Powder is extracted from the cell wall of the red seaweed Lithathamnion calcareum. Algae absorb trace minerals from the ocean for a unique multimineral content. It provides a rich source of calcium, magnesium and more than dozens of trace minerals. The product is bioavailable and can be rapidly utilized by the body. Lithothamnium Calcareum Powder is a plant-sourced calcium that has a high mineral content and is easily absorbed by the body. Studies have found that when Lithothamnium Calcareum Powder is compared to other calcium sources, the product has high bioavailability. According to relevant data, the bioavailability of Lithothamnion can reach 86.7%, which is 1.2 times higher than that of calcium carbonate. Here are the main reasons: High porosity provides a larger surface area for better absorption; fine powder helps faster absorption and prevents bloating; unique honeycomb structure is rich in marine micronutrients such as calcium and magnesium. Therefore, due to the high nutritional value of Lithothamnium Calcareum Powder, the product is gradually processed or added to related foods to provide calcium to consumers with sedentary lifestyles, insufficient sun exposure and vitamin D deficiency, osteoporosis, and growing children and adolescents source. For the Lithothamnium Calcareum Powder industry, the high nutritional value of Lithothamnium Calcareum Powder is one of the important factors driving the market.

Restraints and Challenges

Policy risk
Lithothamnium Calcareum Powder is widely used as a raw material in the field of supplements and cosmetics, and the development of the industry is regulated by relevant policies. If government agencies issue directives or documents restricting the application of the product, this could result in less demand for Lithothamnium Calcareum Powder in the market. In Europe, some manufacturers of organic drinks added Lithothamnium Calcareum Powder to increase calcium content in the market before. However, in April 2021, EU law prohibits the addition of the alga Lithothamnium calcareum in the processing of organic foodstuffs such as rice- and soya-based organic drinks for the purpose of their enrichment with calcium. This policy will result in Less demand for Lithothamnium Calcareum Powder in manufacturing. In general, policy risk is one of the challenges facing the development of the industry.

Region Overview:

In 2022, the share of the Lithothamnium Calcareum Powder market in Europe stood at 56.59%.

Company Overview:

CELTIC SEA MINERALS' nutritional solutions are based on sea minerals. The company offers 100% natural products derived from the red seaweed Lithothamnium Calcareum. Products are natural animal feed ingredients that help meet the nutritional needs of livestock. The company harvests the dead, calcified algae to ensure that the live, young plant deposits mature unaffected. To protect the precious red seaweed, CELTIC SEA MINERALS has an exclusive license to harvest from dead calcified seaweed deposits off the northwest coast of Iceland.

Marigot Ltd. was established by Les Auchincloss in 1993. Operating under a system that fosters an entrepreneurial approach, the core business involves the identification and development of natural ingredients to enhance human, animal and plant health. Over the past 24 years Marigot Ltd has operated with a unique taste and careful understanding of its raw materials. The company works tirelessly with relevant stakeholders and external parties to ensure materials are harvested in a sustainable manner with maximum protection for the environment.

CELTIC SEA MINERALS is one of the major players operating in the Lithothamnium Calcareum Powder market, holding a share of 19.95% in 2023.

Segmentation Overview:

By type, Pharmaceutical Grade segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Nutritional Supplements, with a market share of 46.10% in 2022.

Key Companies in the global Lithothamnium Calcareum Powder market covered in Chapter 3:

SeaTech
CELTIC SEA MINERALS
Provital
Lessonia
SOCRI
Marigot Ltd.
Nuwen
Caltron Clays and Chemical Pvt.Ltd
Litholife

In Chapter 4 and Chapter 14.2, on the basis of types, the Lithothamnium Calcareum Powder market from 2019 to 2030 is primarily split into:

Pharmaceutical Grade
Cosmetic Grade
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lithothamnium Calcareum Powder market from 2019 to 2030 covers:

Nutritional Supplements
Cosmetics
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)