PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887006
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887006
The global seaweed extracts market is entering a high-growth phase driven by rising consumer interest in natural, sustainable, and nutrient-rich ingredients. According to the latest market assessment, the global seaweed extracts market size was valued at USD 1.26 billion in 2024, supported by widespread use across agriculture, nutraceuticals, cosmetics, aquaculture, and food processing. The market is projected to increase to USD 1.41 billion in 2025 as manufacturers boost production capacity to meet the growing demand for plant-based and bioactive ingredients. By 2032, the global market is forecast to reach USD 3.44 billion, expanding at a strong CAGR of 13.60% (2025-2032).
In 2024, Asia Pacific dominated the global market with a 77.78% share, driven by vast seaweed cultivation, established processing industries, and strong traditional consumption across China, Indonesia, Japan, and South Korea. The region remains the world's largest producer and consumer of seaweed-based products.
Market Dynamics
Market Drivers
A major driver of market growth is the rising demand for advanced nutraceuticals. Seaweed extracts are rich in antioxidants, vitamins, minerals, polysaccharides, and anti-inflammatory compounds that support immune health and wellness. Increased scientific research in Europe and North America is accelerating interest in functional foods containing alginate, fucoidan, carrageenan, ulvan, laminarin, and agar.
Additionally, growing health consciousness and environmental awareness are boosting global adoption. Seaweeds require minimal land, fertilizers, or freshwater to cultivate, making them one of the world's most sustainable biomass sources. Their ability to sequester carbon and restore marine ecosystems has attracted climate-conscious consumers and industries, driving demand for seaweed-derived extracts.
Market Restraints
A key restraint is the industry's heavy dependence on Asian countries for seaweed cultivation and processing. China, Indonesia, and South Korea collectively dominate global supply, making Europe and North America reliant on imports. Efforts to expand local farming are often restricted by high costs, environmental concerns, and limited coastal farming zones, hindering wider adoption in non-traditional markets.
Market Opportunities
There is significant opportunity in developing new seaweed-based products, particularly in the nutraceutical, cosmetic, and pharmaceutical sectors. The rising prevalence of chronic diseases-including diabetes, cardiovascular disorders, and metabolic syndromes-is increasing interest in bioactive seaweed compounds. For example, studies have shown that fucoidan may help alleviate symptoms of diabetes and inflammation, contributing to the surge in demand for functional health supplements.
Market Trends
One of the most prominent trends is the growing use of naturally sourced ingredients in cosmetic products. Seaweed extracts are valued for their moisturizing, antioxidant, and anti-inflammatory properties. As global cosmetic companies shift toward eco-friendly formulations, collaboration with seaweed extract manufacturers is increasing. Additionally, agriculture is witnessing rapid adoption of seaweed-based biofertilizers and biostimulants as farmers move away from chemical inputs.
By Source
Brown seaweed accounted for the highest share in 2024. According to FAOSTAT, brown seaweed comprised 47.65% of global seaweed production among the 35.76 million tons cultivated. It is widely used in food, beverages, pharmaceuticals, and agricultural biostimulants.
By Form
The powder segment dominated in 2024, driven by long shelf life, stability, and high bioactive concentration. Powder extracts are widely used in nutraceuticals, agriculture, and feed additives.
Liquid extracts are preferred in certain nutraceutical and cosmetic formulations but face storage challenges.
By Application
The nutraceuticals segment held the highest share in 2024, driven by strong demand for functional foods and dietary supplements.
Agricultural products formed the second-largest segment, supported by rising adoption of seaweed-based fertilizers and biostimulants to enhance soil health and crop performance.
Other applications include cosmetics, animal feed additives, and personal care.
Asia Pacific
The region recorded USD 0.98 billion in 2024 and remains the global powerhouse due to large-scale seaweed farming, technological advancements, and extensive industrial use.
Europe
Europe is expanding steadily, driven by its aging population-21% of residents were above 65 years in 2022-and rising demand for dietary supplements containing antioxidant-rich marine ingredients.
North America
Demand is increasing across food, nutraceutical, cosmetics, and agriculture industries. However, limited local production means the region depends heavily on imports, prompting investments in seaweed farming.
South America & Middle East & Africa
These early-stage markets rely largely on imports from China, Norway, Ireland, and Chile. Rising consumer interest provides substantial long-term growth opportunities.
Conclusion
With the market rising from USD 1.26 billion in 2024 to USD 3.44 billion by 2032, seaweed extracts are becoming essential across food, health, agriculture, and cosmetic industries. Growing scientific validation, sustainability benefits, and expanding applications ensure strong global demand over the next decade.
Segmentation By Source
By Form
By Application
By Region