Seaweed Protein Market
Report ID: SQMIG30H2179
Report ID: SQMIG30H2179
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Report ID:
SQMIG30H2179 |
Region:
Global |
Published Date: January, 2025
Pages:
177
|Tables:
89
|Figures:
71
Global Seaweed Protein Market size was valued at USD 571.66 Million in 2024 and is poised to grow from USD 616.25 Million in 2025 to USD 1123.85 Million by 2033, growing at a CAGR of 7.8% during the forecast period (2026–2033).
The seaweed protein, derived from various types of seaweed such as red, green, and brown algae, is gaining popularity as a nutritious and environmentally friendly alternative to traditional protein sources. Over the past few years, the utilization of hydrocolloids such as the carrageenan, alginate, and agar has increased in the food industry, animal feed, pharmaceuticals, and other industries. This has led to the escalation in algae production and soaring demand for commercial seaweed. In addition to this, health benefits associated with the consumption of macro algae products are motivating people to include commercial algae in their daily food.However, the market's resilience lies in the increasing consumer focus on health and wellness, which may have bolstered demand for plant-based and sustainable protein sources. As the world recovers from the pandemic and consumer habits continue to evolve, the market may witness renewed growth opportunities driven by a heightened awareness of the health benefits associated with plant-based nutrition.
Market snapshot - 2026-2033
Global Market Size
USD 530.3 million
Largest Segment
Red
Fastest Growth
Brown
Growth Rate
7.8% CAGR
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Global Seaweed Protein Market is segmented by Source, Extraction, Application and region. Based on Source, the market is segmented into Red seaweed, Green seaweed and Brown seaweed. Based on Extraction, the market is segmented into Conventional and New. Based on Application, the market is segmented into Food, Animal Feed & Additives, Personal Care & Cosmetics, Pharmaceuticals & nutraceuticals and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per the global seaweed protein market analysis, the food segment is expected to lead the market during the forecast period. Seaweed protein is in high demand in the food industry, which is driving revenue growth of the segment. This is majorly owing to vital nutrients and minerals present in commercial seaweed protein such as magnesium, potassium, sodium, copper, zinc, calcium, sulfur, phosphorus, chlorine, and another macro & micronutrients. There are roughly (221) different types of commercial seaweed, with red and brown commercial seaweed being the most common. Carrageenan, agar, and alginate are some of the commercial seaweed derivatives that can also be obtained. Carrageenan is the most frequently used commercial seaweed derivative in the food & beverage sector due to its varied qualities as a hydrocolloid.
The animal feed & additives segment contributes significantly to the growth of the seaweed protein market, driven by its nutritional and growth properties. Seaweed protein, rich in essential amino acids, vitamins, and minerals, serves as a high-quality additive to enhance the nutritional value of feed for livestock, poultry, and aquaculture. Additionally, as sustainability becomes a critical focus in the feed industry, seaweed protein is emerging as an eco-friendly alternative to traditional feed components like soy and fishmeal. Its low environmental footprint and potential to reduce methane emissions in livestock further position it as a vital ingredient in the drive toward more sustainable animal agriculture practices.
The red segment is predicted to dominate the market during the forecast period. Increasing need for red type seaweed protein, as it is a good source of proteins, critical vitamins, fatty acids, trace elements, and minerals, is acting as a driving factor. Red seaweed has the highest protein content, due to its red color. Moreover, protein content and color of red seaweed offer some distinct advantages in producing meat substitutes. Red seaweeds are consumed raw in Asian countries with meals, salads, condiments, and soups. Furthermore, there are well-known red seaweeds with great nutritional value that are commonly consumed in nations such as Korea, the U.K., and Japan, such as gim seaweed, dulse seaweed, and nori seaweed (Japan). These factors are expected to drive revenue growth of the segment during the forecast period.
Brown seaweed segment is fastest growing in the market. The brown seaweed segment held over USD 237.3 million revenue in 2024. Brown seaweed, such as kelp and wakame, contains high levels of proteins, essential amino acids, vitamins, and minerals, making it a nutritionally dense option for protein extraction. Additionally, brown seaweed's natural compounds, like fucoxanthin and alginate, contribute to its antioxidant and texturizing properties, enhancing its appeal for various food and beverage formulations. The abundance of brown seaweed varieties globally and their relatively fast growth rates make them a sustainable and scalable source for seaweed protein production.
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As per the seaweed protein market outlook, Asia Pacific is dominating and accounted for USD 296.8 million in 2024. The increasing adoption of commercial type of algae in traditional cuisines of various countries such as China, Japan, and Vietnam have elevated its global demand over the past few years. The growing demand for macro algae from the foodservice sector also propels market growth in the region. The rising popularity of plant-based cosmetics and personal care products among consumers is further expected to fuel the market growth in the upcoming years. The main algae production region is Asia, although other regions have begun to grow more and more selective algae species to meet the growing worldwide demand for a variety of products intended for human consumption, such as foods, cosmetics, pharmaceuticals, and nutraceuticals. Other seaweed applications include agricultural fertilizers, animal feed, and biofuels.
North America is expected to experience considerable growth due to the surging demand for plant-based products in the region. U.S. region in the seaweed protein market dominated the North American region. The increasing popularity of functional food and beverages has further elevated the utilization of algae in various products. Ongoing developments and technological advancements in the cultivation and harvesting of algae are expected to drive the growth of the market in the region. The rising popularity of vegan and vegetarian diets in the region has increased the demand for plant proteins across a range of food products.
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Rising Prevalence of Plant-based Protein in Food Sector
Rising Use of Seaweed Proteins in Human Diet
High Cost of Seaweed Cultivation to Impede Growth
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The global seaweed protein industry is competitive, with established players and start-ups starting to focus on innovation and sustainability. Major players such as CP Kelco, Algaia and Secura are dominating the market by investing in advanced agricultural techniques and expanding their product lines to include functional foods. Strategic collaborations between seaweed producers and food manufacturers are driving product development and market penetration. For example, partnerships in seaweed-based meat substitutes and functional beverages highlight the growth potential of the market.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the seaweed protein market is growing rapidly due to consumer demand for sustainable plant-based protein sources. The nutritional value of seaweed, including high levels of protein and essential amino acids, has made them popular in the food, cosmetic and pharmaceutical industries. Growing awareness on environmental sustainability and shift towards vegetarian and vegan diet are the major factors driving the market expansion. However, challenges such as high material costs and lack of large-scale manufacturing capacity hinder the growth of the global seaweed protein market growth. The market is expected to grow significantly owing to advances in agricultural technology, extraction methods and innovations in manufacturing processes.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 571.66 Million |
| Market size value in 2033 | USD 1123.85 Million |
| Growth Rate | 7.8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| 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) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Seaweed Protein 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 Seaweed Protein 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.
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