USD 9.9 billion
Report ID: SQSG30H2016 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 95 | Figures: 75
Commercial Seaweed Market size was valued at USD 9.9 billion in 2021 and is poised to grow from USD 10.1 billion in 2022 to USD 12.1 billion by 2030, growing at a CAGR of 2.3% in the forecast period (2023-2030).
The use of hydrocolloids like carrageenan, alginate, and agar has grown over the past several years in the food business, animal feed industry, pharmaceutical industry, and other sectors. This has caused the production of algae to increase and the demand for commercial seaweed to surge. Additionally, the health advantages of consuming macroalgae products are encouraging consumers to incorporate them into their everyday diets.
US Commercial Seaweed Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.9 billion
Food and Beverage
Food and Beverage
To get more reports on the above market click here to Buy The Report
The Global Commercial Seaweed Market is segmented based on Type, Form, End-Uses, and Region. Based on Type, the Global Commercial Seaweed Market is segmented as Red Seaweed, Brown Seaweed, Green Seaweed, and Others. Based on Form, the Global Commercial Seaweed Market is segmented as Powder, Flakes, and Liquid. Based on the End-Uses, the Global Commercial Seaweed Market is segmented as Food and Beverage, Agriculture, Animal Feed Additives, Pharmaceuticals and Cosmetics, and Personal Care. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Commercial Seaweed Market Analysis by End-Uses
The food and cosmetics sectors both use seaweed powder extensively. Powders are simple to move about and store. The removal of water during the process of turning macro algal extracts into powder extends their shelf life. Retail stores offer seaweed powder as a nutritional supplement and cosmetic product. The demand for seaweed powders in the food sector is anticipated to increase due to the rising popularity of plant proteins and vegan goods. Liquid macro algae extracts are expanding significantly as a result of their expanding use in functional drinks and cosmetics.
To get detailed analysis on other segments, Request For Sample Report
By 2026, Asia Pacific will hold the largest market share for commercial seaweed, with a value of USD 10.73 billion. Over the past few years, the demand for commercial-grade algae has increased due to its increasing use in regional cuisines, particularly in China, Japan, and Vietnam. The region's macroalgae market is expanding as a result of rising food service demand. In the next years, market growth is also anticipated to be fueled by consumers' growing preference for plant-based cosmetics and personal care products. In comparison to other areas, the European market is anticipated to have consistent expansion. Chlorella and spirulina, two edible seaweeds, are helping Europe profit from the growing demand for plant-based proteins. Diverse seaweed pharmaceutical industry providers from the emerging nations of APAC are taking advantage of the need for high-quality and natural supplements in the area.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Commercial Seaweed Market Driver
Increasing Adoption of Commercial Seaweed as Hydrocolloids
Skyrocketed demands of Plant based products .
Following a vegetarian diet or switching to a vegan diet is one of the major trends in today's time. Individuals in current times have become more aware about animal welfare and wellbeing. These products are gaining popularity across several sectors such as the food and cosmetics industry with the evolving perception that plant-based products are safer & healthier compared to animal-originated products.
Commercial Seaweed Market Restraint
High Cost of Seaweed Cultivation
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Global Commercial Seaweed market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Commercial Seaweed Market Top Player's Company Profiles
Commercial Seaweed Market Recent Developments
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.
In November 2021, Acadian SeaPlus launched new Chondracanthus chamissoi seaweed product to customers across the global market. It is a red algae species that has application in variety of products ranging from functional food, nutraceutical, cosmetics, pharmaceuticals, and brewing. This helped the company to expand their product portfolio.
In June 2020, a French-based bio marine ingredient company invested USD 2.4 million to develop a new range of seaweed-based solutions in order to create plant-based substitutes.
Brown algae is expected to showcase a promising growth on account of its growing consumption in Asian countries. In countries such as China and Japan, it is consumed with coconut milk, crushed ice, and jelly.
The demand for high-quality and natural supplements in the region is creating an opportunity for various seaweed . Therefore, edible seaweeds such as chlorella and spirulina help capitalize on the new trends of plant-based protein consumption in Europe
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Commercial Seaweed Market Analysis, Methane is produced by fermentation, which is assisted by microbes. Methane gas produced as a consequence is utilized as a fuel in gas engines to generate energy. Furthermore, a variety of calibers are available through the co-extrusion method used with commercial seaweed. Enhancements to preservatives, thickeners, and gums have been made possible by key market participants' ongoing investments in R&D. Over the projection period of 2020–2028, it is predicted that the market would develop at a faster rate due to significant improvements in the possible uses of seaweed.
|Market size value in 2021||USD 9.9 billion|
|Market size value in 2030||USD 10.1 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Commercial Seaweed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Commercial Seaweed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Commercial Seaweed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Commercial Seaweed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.