Commercial Seaweed Market Forecasts to 2028 - Global Analysis By Form (Powdered, Flakes and Leaf), Product (Red seaweed, Green seaweed and Brown seaweed), Application and By Geography

Description

List of Tables

According to Stratistics MRC, the Global Commercial Seaweed Market is accounted for $16.5 billion in 2022 and is expected to reach $28.5 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Seaweed is a good source of iodine, which is rare in other foods or ingredients. The utilization of seaweed and its isolates tends to increase satiety, lowering postprandial glucose and lipid absorption rates in humans, which aids in the creation of anti-obesity foods. Seaweeds are used as ingredients or consumed as foods owing to their anti-microbial properties, which provide a preservative benefit to foods.

According to the Good Food Institute, a US-based non-profit organization that promotes plant- and cell-based alternatives to animal products, in 2020, dollar sales of plant-based food grew by 43%, which increased from $5.5 billion in 2019 to $7 billion in 2020.

Market Dynamics:

Driver:

Rising government initiatives

Seaweed cultivation will go a long way in helping the lives of coastal fisher-families, particularly fisherwomen, farmers, and entrepreneurs. Considering these things, many governments worldwide have set up policies and offer funds to support the seaweed industry within the country are the major factors fueling the market expansion.

Restraint:

Environmental risks

Seaweed aquaculture risks include the potential loss of seabed habitat due to equipment required to build seaweed farms, as well as the risk of marine mammals and other large animals becoming entangled in the strands. Noise pollution during harvesting is a huge impediment limiting market expansion.

Opportunity:

Increasing consumption of plant-based products

Commercial seaweed is used in the manufacture of plant-based foods. Plant-based food is a final product made up of plant-based elements like vegetables, fruits, and whole grains. These seaweeds help to increase protein content in plant-based products. Therefore, rising consumer consumption of plant-based goods is propelling the market forward.

Threat:

High cost of cultivation

The mixing of plastics from industrial effluents and hazardous waste compounds has significantly increased water contamination. This increases the difficulty of collecting algae from ocean bottoms, raising the price of algae. The high cost of cultivation is expected to restrict industry growth.

COVID-19 Impact

The COVID-19 pandemic has adversely hit many economies around the world. Government measures to combat the pandemic, such as nationwide lockdowns and quarantines, negatively impacted many industries. Most manufacturers of food products in the F&B sector continue to feel the impact of pandemic. Social distancing, self-isolation, and city-wide lockdowns have forced the closures of many establishments in countries.

The powdered segment is expected to be the largest during the forecast period

The powdered segment is estimated to have a lucrative growth, due to it is widely utilized in both cosmetics and food industries. Additionally, powders are simpler to transport and store, which lowers operational expenses and spoilage. Furthermore, increased demand for vegan products is likely to drive segment demand.

The brown seaweed segment is expected to have the highest CAGR during the forecast period

The brown seaweed segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its use in industries like agriculture, animal feed. These seeds are mainly utilised as a raw material for the hydrocolloid alginate extraction and as food. The product is also utilised as fillers, emulsifier and thickening are the factors propelling the segment growth.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising consciousness of consumers. The population is largely concentrated in coastal regions, making it strongly related to the sea and its food supplies. However, demand for seaweed as a food source has grown in several parts of the world.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the swift industrialization and presence of environment-friendly regulation. The growing popularity of vegan and vegetarian diets in the region has increased demand for plant proteins in a variety of food products.

Key players in the market

Some of the key players profiled in the Commercial Seaweed Market include: Cargill Incorporated, Beijing Leili Marine Bioindustry INC., Roullier Group, Pacific Harvest, Acadian Seaplants Limited, Cascadia Seaweed Corp., CP Kelco US Inc., BrandT Consolidated, Inc., Gelymar SA, E.I. Du Pont de Nemours and Company, Chase Organics GB Limited, Leili Group, Biostadt India Limited, Dycolor Seaweed Industries, Seasol International Pty. Ltd., Algaia SA, Travena Organic Solutions Ltd. , West Coast Marine Bio-Processing Corp., Aquatic Chemicals and Indigrow Ltd.

Key Developments:

In September 2022, CadalminTM LivCure extract, a patent-protected nutraceutical product developed by the ICAR-Central Marine Fisheries Research Institute (CMFRI) from seaweeds to combat non-alcoholic fatty liver disease, will be available in the market soon. The product contains 100% natural bioactive ingredients extracted from select seaweeds.

In November 2021, Cascadia Seaweed partnered with Tsawout First Nation to farm seaweed off James Island. This helped the company to increase the production of seaweed in order to meet the growing demand for seaweeds

Forms Covered:

Powdered
Flakes
Leaf

Products Covered:

Red seaweed
Green seaweed
Brown seaweed

Applications Covered:

Animal Feed
Cosmetics and personal care
Agriculture
Food and beverage

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Product Code: SMRC22504

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Commercial Seaweed Market, By Form

5.1 Introduction
5.2 Powdered
5.3 Flakes
5.4 Leaf

6 Global Commercial Seaweed Market, By Product

6.1 Introduction
6.2 Red seaweed
6.3 Green seaweed
6.4 Brown seaweed

7 Global Commercial Seaweed Market, By Application

7.1 Introduction
7.2 Animal Feed
7.3 Cosmetics and personal care
7.4 Agriculture
7.5 Food and beverage

8 Global Commercial Seaweed Market, By Geography

8.1 Introduction
8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa

9 Key Developments

9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling

10.1 Cargill Incorporated
10.2 Beijing Leili Marine Bioindustry INC.
10.3 Roullier Group
10.4 Pacific Harvest
10.5 Acadian Seaplants Limited
10.6 Cascadia Seaweed Corp.
10.7 CP Kelco US Inc.
10.8 BrandT Consolidated, Inc.
10.9 Gelymar SA
10.10 E.I. Du Pont de Nemours and Company
10.11 Chase Organics GB Limited
10.12 Leili Group
10.13 Biostadt India Limited
10.14 Dycolor Seaweed Industries
10.15 Seasol International Pty. Ltd.
10.16 Algaia SA
10.17 Travena Organic Solutions Ltd.
10.18 West Coast Marine Bio-Processing Corp.
10.19 Aquatic Chemicals
10.20 Indigrow Ltd.

Product Code: SMRC22504

List of Tables

Table 1 Global Commercial Seaweed Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Commercial Seaweed Market Outlook, By Form(2020-2028) ($MN)
Table 3 Global Commercial Seaweed Market Outlook, By Powdered (2020-2028) ($MN)
Table 4 Global Commercial Seaweed Market Outlook, By Flakes (2020-2028) ($MN)
Table 5 Global Commercial Seaweed Market Outlook, By Leaf (2020-2028) ($MN)
Table 6 Global Commercial Seaweed Market Outlook, By Product (2020-2028) ($MN)
Table 7 Global Commercial Seaweed Market Outlook, By Red seaweed (2020-2028) ($MN)
Table 8 Global Commercial Seaweed Market Outlook, By Green seaweed (2020-2028) ($MN)
Table 9 Global Commercial Seaweed Market Outlook, By Brown seaweed (2020-2028) ($MN)
Table 10 Global Commercial Seaweed Market Outlook, By Application (2020-2028) ($MN)
Table 11 Global Commercial Seaweed Market Outlook, By Animal Feed (2020-2028) ($MN)
Table 12 Global Commercial Seaweed Market Outlook, By Cosmetics and personal care (2020-2028) ($MN)
Table 13 Global Commercial Seaweed Market Outlook, By Agriculture (2020-2028) ($MN)
Table 14 Global Commercial Seaweed Market Outlook, By Food and beverage (2020-2028) ($MN)
Table 15 North America Commercial Seaweed Market Outlook, By Country (2020-2028) ($MN)
Table 16 North America Commercial Seaweed Market Outlook, By Form (2020-2028) ($MN)
Table 17 North America Commercial Seaweed Market Outlook, By Powdered (2020-2028) ($MN)
Table 18 North America Commercial Seaweed Market Outlook, By Flakes (2020-2028) ($MN)
Table 19 North America Commercial Seaweed Market Outlook, By Leaf (2020-2028) ($MN)
Table 20 North America Commercial Seaweed Market Outlook, By Product (2020-2028) ($MN)
Table 21 North America Commercial Seaweed Market Outlook, By Red seaweed (2020-2028) ($MN)
Table 22 North America Commercial Seaweed Market Outlook, By Green seaweed (2020-2028) ($MN)
Table 23 North America Commercial Seaweed Market Outlook, By Brown seaweed (2020-2028) ($MN)
Table 24 North America Commercial Seaweed Market Outlook, By Application (2020-2028) ($MN)
Table 25 North America Commercial Seaweed Market Outlook, By Animal Feed (2020-2028) ($MN)
Table 26 North America Commercial Seaweed Market Outlook, By Cosmetics and personal care (2020-2028) ($MN)
Table 27 North America Commercial Seaweed Market Outlook, By Agriculture (2020-2028) ($MN)
Table 28 North America Commercial Seaweed Market Outlook, By Food and beverage (2020-2028) ($MN)
Table 29 Europe Commercial Seaweed Market Outlook, By Country (2020-2028) ($MN)
Table 30 Europe Commercial Seaweed Market Outlook, By Form (2020-2028) ($MN)
Table 31 Europe Commercial Seaweed Market Outlook, By Powdered (2020-2028) ($MN)
Table 32 Europe Commercial Seaweed Market Outlook, By Flakes (2020-2028) ($MN)
Table 33 Europe Commercial Seaweed Market Outlook, By Leaf (2020-2028) ($MN)
Table 34 Europe Commercial Seaweed Market Outlook, By Product (2020-2028) ($MN)
Table 35 Europe Commercial Seaweed Market Outlook, By Red seaweed (2020-2028) ($MN)
Table 36 Europe Commercial Seaweed Market Outlook, By Green seaweed (2020-2028) ($MN)
Table 37 Europe Commercial Seaweed Market Outlook, By Brown seaweed (2020-2028) ($MN)
Table 38 Europe Commercial Seaweed Market Outlook, By Application (2020-2028) ($MN)
Table 39 Europe Commercial Seaweed Market Outlook, By Animal Feed (2020-2028) ($MN)
Table 40 Europe Commercial Seaweed Market Outlook, By Cosmetics and personal care (2020-2028) ($MN)
Table 41 Europe Commercial Seaweed Market Outlook, By Agriculture (2020-2028) ($MN)
Table 42 Europe Commercial Seaweed Market Outlook, By Food and beverage (2020-2028) ($MN)
Table 43 Asia Pacific Commercial Seaweed Market Outlook, By Country (2020-2028) ($MN)
Table 44 Asia Pacific Commercial Seaweed Market Outlook, By Form (2020-2028) ($MN)
Table 45 Asia Pacific Commercial Seaweed Market Outlook, By Powdered (2020-2028) ($MN)
Table 46 Asia Pacific Commercial Seaweed Market Outlook, By Flakes (2020-2028) ($MN)
Table 47 Asia Pacific Commercial Seaweed Market Outlook, By Leaf (2020-2028) ($MN)
Table 48 Asia Pacific Commercial Seaweed Market Outlook, By Product (2020-2028) ($MN)
Table 49 Asia Pacific Commercial Seaweed Market Outlook, By Red seaweed (2020-2028) ($MN)
Table 50 Asia Pacific Commercial Seaweed Market Outlook, By Green seaweed (2020-2028) ($MN)
Table 51 Asia Pacific Commercial Seaweed Market Outlook, By Brown seaweed (2020-2028) ($MN)
Table 52 Asia Pacific Commercial Seaweed Market Outlook, By Application (2020-2028) ($MN)
Table 53 Asia Pacific Commercial Seaweed Market Outlook, By Animal Feed (2020-2028) ($MN)
Table 54 Asia Pacific Commercial Seaweed Market Outlook, By Cosmetics and personal care (2020-2028) ($MN)
Table 55 Asia Pacific Commercial Seaweed Market Outlook, By Agriculture (2020-2028) ($MN)
Table 56 Asia Pacific Commercial Seaweed Market Outlook, By Food and beverage (2020-2028) ($MN)
Table 57 South America Commercial Seaweed Market Outlook, By Country (2020-2028) ($MN)
Table 58 South America Commercial Seaweed Market Outlook, By Form (2020-2028) ($MN)
Table 59 South America Commercial Seaweed Market Outlook, By Powdered (2020-2028) ($MN)
Table 60 South America Commercial Seaweed Market Outlook, By Flakes (2020-2028) ($MN)
Table 61 South America Commercial Seaweed Market Outlook, By Leaf (2020-2028) ($MN)
Table 62 South America Commercial Seaweed Market Outlook, By Product (2020-2028) ($MN)
Table 63 South America Commercial Seaweed Market Outlook, By Red seaweed (2020-2028) ($MN)
Table 64 South America Commercial Seaweed Market Outlook, By Green seaweed (2020-2028) ($MN)
Table 65 South America Commercial Seaweed Market Outlook, By Brown seaweed (2020-2028) ($MN)
Table 66 South America Commercial Seaweed Market Outlook, By Application (2020-2028) ($MN)
Table 67 South America Commercial Seaweed Market Outlook, By Animal Feed (2020-2028) ($MN)
Table 68 South America Commercial Seaweed Market Outlook, By Cosmetics and personal care (2020-2028) ($MN)
Table 69 South America Commercial Seaweed Market Outlook, By Agriculture (2020-2028) ($MN)
Table 70 South America Commercial Seaweed Market Outlook, By Food and beverage (2020-2028) ($MN)
Table 71 Middle East & Africa Commercial Seaweed Market Outlook, By Country (2020-2028) ($MN)
Table 72 Middle East & Africa Commercial Seaweed Market Outlook, By Form (2020-2028) ($MN)
Table 73 Middle East & Africa Commercial Seaweed Market Outlook, By Powdered (2020-2028) ($MN)
Table 74 Middle East & Africa Commercial Seaweed Market Outlook, By Flakes (2020-2028) ($MN)
Table 75 Middle East & Africa Commercial Seaweed Market Outlook, By Leaf (2020-2028) ($MN)
Table 76 Middle East & Africa Commercial Seaweed Market Outlook, By Product (2020-2028) ($MN)
Table 77 Middle East & Africa Commercial Seaweed Market Outlook, By Red seaweed (2020-2028) ($MN)
Table 78 Middle East & Africa Commercial Seaweed Market Outlook, By Green seaweed (2020-2028) ($MN)
Table 79 Middle East & Africa Commercial Seaweed Market Outlook, By Brown seaweed (2020-2028) ($MN)
Table 80 Middle East & Africa Commercial Seaweed Market Outlook, By Application (2020-2028) ($MN)
Table 81 Middle East & Africa Commercial Seaweed Market Outlook, By Animal Feed (2020-2028) ($MN)
Table 82 Middle East & Africa Commercial Seaweed Market Outlook, By Cosmetics and personal care (2020-2028) ($MN)
Table 83 Middle East & Africa Commercial Seaweed Market Outlook, By Agriculture (2020-2028) ($MN)
Table 84 Middle East & Africa Commercial Seaweed Market Outlook, By Food and beverage (2020-2028) ($MN)

Commercial Seaweed Market Forecasts to 2028 - Global Analysis By Form (Powdered, Flakes and Leaf), Product (Red seaweed, Green seaweed and Brown seaweed), Application and By Geography

Description

Table of Contents

List of Tables

Market Dynamics:

Driver:

Rising government initiatives

Restraint:

Environmental risks

Opportunity:

Increasing consumption of plant-based products

Threat:

High cost of cultivation

COVID-19 Impact

The powdered segment is expected to be the largest during the forecast period

The brown seaweed segment is expected to have the highest CAGR during the forecast period

Region with Largest share:

Region with highest CAGR:

Key players in the market

Key Developments:

Forms Covered:

Products Covered:

Applications Covered:

Regions Covered:

What our report offers:

Free Customization Offerings:

Table of Contents

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Commercial Seaweed Market, By Form

6 Global Commercial Seaweed Market, By Product

7 Global Commercial Seaweed Market, By Application

8 Global Commercial Seaweed Market, By Geography

9 Key Developments

10 Company Profiling

List of Tables