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Market Research Report
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995738

Global Seaweed Extracts Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Seaweed Extracts Market - 2021-2028
Published: July 30, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Description
  • Table of Contents
Description

Market Overview:

Seaweeds are the marine algae that are rich in phosphorous and other nutrients. The extracts derived from these seaweeds have been proved to be helpful in agricultural practices as seaweed extract is a natural manure. It is known for boosting crop yield by improving their resistance to frost and diseases, and increasing their uptake of inorganic constituents from the soil. Also, the most common type of algae is red algae, is widely used in food industry with its derivatives like alginate, agar, and carrageenan are used as food additives. Moreover, seaweed extracts have shown beneficial results in healthcare and cosmetics sector. This widening range of applications is boosting the growth of global seaweed extracts market. The global seaweed extracts market valued US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Market Dynamics: Rising concerns of chemical fertilizers is driving the growth of the market

Growing awareness towards environmental and health issues associated with use of chemical fertilizers is the primary driver for the growth of global seaweed extracts market. With growing demand for crop nutrients and concerns associated with chemical fertilizers, the farmers are shifting towards organic fertilizers including seaweed extract fertilizers. According to World Economic Outlook Report, the global demand for total fertilizer nutrients is estimated to grow at 1.8 percent and forecast to reach 50.21 million tons by 2020. To meet such higher demand for fertilizers nutrients, seaweed extract fertilizers are being seen as a viable option. As seaweed extracts contain all the necessary growth stimulants like amino acids, antibiotics, gibberellins auxins and other vitamins, they are being used as a replacement for chemical fertilizers. Another major driver of the seaweeds extracts market is the consumption of seaweed extracts in food industry. South-Asian countries like Japan and China have been seaweed extracts like nori and kelp for years, because of the health benefits provided by the seaweeds.

The key hindrance to the global seaweed extracts market is the complex process of extraction. Another factor that is hampering the growth of the seaweed extract market is the demand for clean-label products. Strict regulatory controls from governments and constant scrutiny of health-conscious consumers have forced stakeholders in the seaweed extract landscape to undertake multiple procedures to seek approval from authorities.

Market Segments: Food industry is the biggest consumer of seaweed extracts

Seaweed extracts are used in food industry in the preparation of jellies, icings, sauces, aspics and confections. Seaweed extracts like agar, carrargeenan, Ahnfeltia tobuchiesis have been found of great use in food industry. Agar is used in bread-making as an additive that improves texture and slows down bread staling, which has increased its demand in confectioneries and bakery products. Recently FEFU scientists have recommended another type of red algae named Ahnfeltia tobuchiensis, as a supplement in bakery products to improve their consumer properties.

Geographical Penetration: South-Asian countries led to the growth of the market in Asia-Pacific

Asia-Pacific dominates the seaweed extracts market, with Japan, China and South Korea the largest consumers of seaweed extracts. Japan holds huge market for nori, one of the largely used extracts of red algae used in food and cosmetics, with its market value reaching USD 2 billion. While China is popular for production and consumption of kelp, a commonly found seaweed species, accounted for nearly 68% of annual production which is 1.5 million tonnes of kelp in 2018. Countries such as India has agriculture based economy that increases the use of product. It is used for vegetables, fruits and flower crops that result in higher yield. It increases internal resistance of plants towards pests.

North America led by US has substantial share in seaweed extracts market with its use in food industry and ongoing research and development activities in organic and herbal products. With their use in cosmetic products including, shower baths have spurred the product demand. Further their demand in Europe has increased for food as they have high nutrition and protein content. Growing awareness about the beneficial properties of product in medical segment has resulted in substantial growth in Middle East & Africa.

Competitive Landscape:

The global seaweed extracts market is fragmented. Key manufacturers of seaweed extract such as DuPont de Nemours, Inc., Cargill, Incorporated, and CP Kelco are trying to increase their global presence in developing countries. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global seaweed extracts. For instance, in October 2020, Seaweed Energy Solutions (SES) acquired Denmark's Seaweed Seed Supply, to cultivate 100,000 tons of seaweed. In July 2019, Univar Solutions, a global chemical distributor announced its collaboration with Scotland based Seaweed and Co., to expand its portfolio with novel seaweed ingredients.

COVID-19 Impact: Pandemic had a negative impact on global seaweed extracts market

The outbreak of novel coronavirus and lockdowns imposed thereby, had a negative impact on the global seaweed extracts market. Since, countries with low availability of seaweed had to rely on imports, which came to halt for an indefinite period of time, resulted in low volume sales. According to United Nations Industrial Development Organization, the pandemic had a severe impact on seaweed farmers as demand for seaweed in food and cosmetic industries declined significantly. China is the largest exporter of seaweed extracts globally and trade from the country has been greatly affected during the early 2020. As a result, the price of Cottonii seaweed, which is used to produce carrageenan (a thickening, emulsifying, and preserving food and drink additive) fell by nearly 50%.

Why Purchase the Report?

  • Understand the current market scenario and viability of global seaweed extracts market over the forecast period
  • Visualize the composition of the global seaweed extracts market in terms of product form, end user and product form to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global seaweed extracts market - Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Food Processing Companies
  • Aquaculture and Marine Growers
  • Import and Export Companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
Table of Contents
Product Code: DMAG3178

Table of Contents

1. Global Seaweed Extracts Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Seaweed Extracts Market -Key Trends and Developments

3. Global Seaweed Extracts Market - Executive Summary

  • 3.1. Market Snippet by Seaweed Type
  • 3.2. Market Snippet by Product Form
  • 3.3. Market Snippet by Application

4. Global Seaweed Extracts Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising concerns regarding chemical fertilizers hazards
    • 4.1.2. Restraints
      • 4.1.2.1. Complex extraction process
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Seaweed Extracts Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Supply chain analysis
  • 5.3. Patent Analysis
  • 5.4. Regulatory Analysis

6. Global Seaweed Extracts Market - COVID-19 Analysis

  • 6.1. Porter's five forces analysis
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives

7. Global seaweed extracts Market - By Seaweed Type

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Seaweed Type segment
    • 7.1.2. Market attractiveness index, By Seaweed Type segment
  • 7.2. Red Algae - Phaeophyceae*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2018-2027 And Y-O-Y Growth Analysis (%), 2020-2028
    • 7.2.3. Agar-Agar
    • 7.2.4. Nori
    • 7.2.5. Carrargenam
    • 7.2.6. Wakame
    • 7.2.7. Others
  • 7.3. Green Algae- Chlorophyta
  • 7.4. Brown Algae - Rhodophyta
    • 7.4.1. Kelp
    • 7.4.2. Arame
    • 7.4.3. Badderlocks
    • 7.4.4. Kombu
    • 7.4.5. Cochayuyo
    • 7.4.6. Others

8. Global Seaweed Extracts Market - By Product Form

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Product Form Segment
    • 8.1.2. Market attractiveness index, By Product Form Segment
  • 8.2. Powder*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 8.3. Liquids
  • 8.4. Flakes
  • 8.5. Others

9. Global Seaweed Extracts Market - By Application

  • 9.1. Introduction
    • 9.1.1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
    • 9.1.2. Market attractiveness index, By Application Segment
  • 9.2. Food & Beverages*
    • 9.1.3. Introduction
    • 9.1.4. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 9.2. Cosmetics
  • 9.3. Pharmaceutical
  • 9.4. Agriculture
  • 9.5. Others

10. Global Seaweed Extracts Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key region-specific dynamics
    • 10.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Seaweed Type
    • 10.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
    • 10.2.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. South America
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Seaweed Type
    • 10.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
    • 10.3.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.3.6.1. Brazil
      • 10.3.6.2. Argentina
      • 10.3.6.3. Rest of South America
  • 10.4. Europe
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Seaweed Type
    • 10.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Supplement
    • 10.4.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.4.6.1. Germany
      • 10.4.6.2. U.K.
      • 10.4.6.3. France
      • 10.4.6.4. Italy
      • 10.4.6.5. Rest of Europe
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Seaweed Type
    • 10.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
    • 10.5.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Seaweed Type
    • 10.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.6.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

11. Global Seaweed Extracts Market - Competitive Landscape

  • 11.1. Competitive scenario
  • 11.2. Competitor strategy analysis
  • 11.3. Market positioning/share analysis
  • 11.4. Mergers and acquisitions analysis

12. Company Profiles

  • 12.1. Cargill, Incorporated*
    • 12.1.1. Company Overview
    • 12.1.2. Type Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. DuPont
  • 12.3. Groupe Roullier
  • 12.4. CP Kelco U.S., Inc.
  • 12.5. Acadian Seaplants
  • 12.6. Qingdao Gather Great Ocean Algae Industry Group
  • 12.7. Qingdao Seawin Biotech Group Co. Ltd.
  • 12.8. Seaweed Energy Solutions AS
  • 12.9. The Seaweed Company
  • 12.10. Seasol

13. Global Seaweed Extracts Market - Premium Insights

14. Global Seaweed Extracts Market - DataM

  • 14.1. Appendix
  • 14.2. About us and services
  • 14.3. Contact us