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Global Commercial Seaweed Market: By Type: Brown Seaweed, Red Seaweed, Green Seaweed, Others; By Form: Liquid, Powdered, Others; By Application: Agriculture, Animal Feed, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Commercial Seaweed Market Outlook

The global Commercial Seaweed market is expected to grow at a CAGR of 9.8% during the period 2022-2027. Seaweeds are used as a food source (in several coastal regions), in industrial applications and as fertiliser. Present uses of seaweed include foods for human consumption, animal feed, cosmetics, fertilisers, and for the extraction of industrial gums and chemicals. Asia, in particular Japan, Korea and China, are key producers and consumers of seaweed.  North America and Europe are markets with significant potential.

 

Global Market Likely to be Driven by Multiple Applications, Including in Food, Cattle Feed and Cosmetics

The seaweed industry offers several products with an estimated total annual value over US$ 5 billion. Key uses include those in human consumption, substances extracted from seaweeds (such as hydrocolloids), and fertilizers and animal feed additives. The farming of seaweed has seen rapid expansion as demand outdid the supply presented by natural resources. Commercial harvesting occurs in over thirty countries across the Northern and Southern Hemispheres, in waters ranging from cold, temperate, to tropical. Such increase in demand is expected to boost the global commercial seaweed market. Broadly, seaweeds are classified as brown (Phaeophyceae), red (Rhodophyceae) and green (Chlorophyceae), on the basis of pigmentation. Seaweeds are also known as macro-algae; as compared to micro-algae (Cyanophyceae) that are microscopic in size, generally unicellular, and best identified by the blue-green algae that sometimes blossom and contaminate streams and rivers. Seaweeds that grow naturally are often known as wild seaweeds, as against seaweeds that are cultivated or farmed.

 

Asia is a Major Producer and Consumer of Seaweed

Asia explains over ninety percent of seaweed production. Seaweed cultivation is also growing in Europe. China, Japan and Korea are the largest consumers of seaweed as food. However, the market has seen expansion with rising demand in regions like USA and South America. Indeed, demand has risen such that has outdone supply capabilities from natural (or wild) stocks. Increasing interest and research into seaweeds has enabled the development of cultivation industries that fulfil a major percentage of the market demand. Ireland, Iceland, Canada, France have also witnessed the development of the market, with seaweed being consumed in restaurants as well as in homes. In some developing nations, an informal market exists among coastal inhabitants where fresh seaweeds are consumed as vegetable and in salads.

Red and brown seaweeds are used in the production of three hydrocolloids - agar, alginate and carrageenan. Hydrocolloids are non-crystalline substances with very large molecules and that dissolve in water to give a viscous solution. Alginate, agar and carrageenan are carbohydrates that are soluble in water and used to thicken aqueous solutions, prepare gels, manufacture water-soluble films, and stabilize certain products (such as ice cream).

 

Multiple Applications of Seaweed Likely to Stimulate Market Growth

Seaweeds have several applications that are expected to drive the global commercial seaweed market. Rich in fibre, minerals, iodine and umami flavour, seaweeds are a natural salt substitute, offering a salty taste with about 70% less sodium. Seaweed may be used in food in several ways.

Seaweeds are a good source of protein, fibre and bioactive compounds that exert positive effects on gut microflora. Seaweed can enhance nutritional value, including iodine, of meat and dairy products, and increase tenderness and storage stability, with no negative effect on flavour. Kelp for cattle can decrease methane in livestock, cutting down greenhouse gas emissions.

Seaweed bioplastics degrade quickly and do not carry micro-plastics and toxic chemicals. These may be employed to manufacture sealable films, sachets, bags, nets and other items. Seaweeds help decrease energy and water consumption by the textile industry, producing durable fabrics that may be readily recycled. Seaweeds are also used in many cosmetic items, nutraceuticals, and medicines.

 

Market Segmentation

By type, the market is segmented into:

  • Brown Seaweed 
  • Red Seaweed 
  • Green Seaweed
  • Others

By form, the market is divided into:

  • Liquid
  • Powdered
  • Others

By application, the market is classified into:

  • Agriculture
  • Animal Feed
  • Food and Beverages
  • Others

By region the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global commercial seaweed market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Cargill, Incorporated.
  • Seasol International Pty Ltd.
  • Indigrow Ltd.
  • IFF Nutrition & Biosciences (Dupont)
  • Acadian Seaplants Limited
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Form
  • Application
  • Region
Breakup by Type
  • Brown Seaweed 
  • Red Seaweed 
  • Green Seaweed
  • Others
Breakup by Form
  • Liquid
  • Powdered
  • Others
Breakup by Application
  • Agriculture
  • Animal Feed
  • Food and Beverages
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cargill, Incorporated.
  • Seasol International Pty Ltd.
  • Indigrow Ltd.
  • IFF Nutrition & Biosciences (Dupont)
  • Acadian Seaplants Limited
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Commercial Seaweed Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Commercial Seaweed Historical Market (2017-2021) 
    8.3    Global Commercial Seaweed Market Forecast (2022-2027)
    8.4    Global Commercial Seaweed Market by Type
        8.4.1    Brown Seaweed 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Red Seaweed 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Green Seaweed
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Commercial Seaweed Market by Form
        8.5.1    Liquid
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Powdered
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Others
    8.6    Global Commercial Seaweed Market by Application
        8.6.1    Agriculture
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Animal Feed
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Food and Beverages
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Commercial Seaweed Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries 
        12.1.1    By Value
        12.1.2    by Volume
    12.2    Major Importing Countries 
        12.2.1    By Value
        12.2.2    by Volume
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Cargill, Incorporated.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Seasol International Pty Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Indigrow Ltd.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    IFF Nutrition & Biosciences (Dupont)
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Acadian Seaplants Limited
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Commercial Seaweed Market: Key Industry Highlights, 2017 and 2027
2.    Global Commercial Seaweed Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Commercial Seaweed Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Commercial Seaweed Historical Market: Breakup by Form (USD Million), 2017-2021
5.    Global Commercial Seaweed Market Forecast: Breakup by Form (USD Million), 2022-2027
6.    Global Commercial Seaweed Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Commercial Seaweed Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Commercial Seaweed Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Commercial Seaweed Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    North America Historical Price Trends and Forecast 2017-2027
21.    Europe Historical Price Trends and Forecast 2017-2027
22.    Asia Pacific Historical Price Trends and Forecast 2017-2027
23.    Latin America Historical Price Trends and Forecast 2017-2027
24.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
25.    Global Commercial Seaweed Market Structure

Key Questions Answered in the Report

The global commercial seaweed market is projected to grow at a CAGR of 9.8% between 2022 and 2027.

The major drivers of the market include the growing technological developments in cultivating seaweed, growing consumer awareness regarding the benefits of nutritional food, increasing product demand in the regional food industry, and rising consumption of organic and non-GMO ingredients.

The multiple applications of seaweed, including food, cattle feed and cosmetics and the rising investments in application segments, including animal feed and agriculture are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different types of commercial seaweed are brown seaweed, red seaweed, and green seaweed, among others.

Based on form, the market is classified into liquid and powdered, among others.

The major applications of the market are agriculture, animal feed, food and beverages, among others.

Seaweeds are used as human foods, cosmetics, fertilisers, and to extract industrial chemicals and gums. They may be utilised as a source of long- and short-chain compounds for both industrial and medical applications.

Off the shores of China, Indonesia, the Philippines, South Korea, and Japan, vast sea-based farms produce a significant portion of the world's seaweed. Most of this seaweed is dried (or occasionally blanched) and used for food, animal feed, and industrial uses like thickeners for toothpaste.

Red seaweeds are an excellent vegetarian source of complete protein since they have all the key amino acids that the body needs. Iodine, which supports healthy thyroid function, can also be found in red seaweeds.

The major players in the industry are Cargill, Incorporated., Seasol International Pty Ltd., Indigrow Ltd., IFF Nutrition & Biosciences (Dupont), and Acadian Seaplants Limited, among others.

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