Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
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.
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 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).
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.
By type, the market is segmented into:
By form, the market is divided into:
By application, the market is classified into:
By region the market is segmented into:
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:
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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Form||
|Breakup by Application||
|Breakup by Region||
|Trade Data Analysis||
|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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
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
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.2 Red Seaweed
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.3 Green Seaweed
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.5 Global Commercial Seaweed Market by Form
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.6 Global Commercial Seaweed Market by Application
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.6.2 Animal Feed
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.6.3 Food and Beverages
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.7 Global Commercial Seaweed Market by Region
8.7.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 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
220.127.116.11 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
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
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14.2.2 Seasol International Pty Ltd.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.3 Indigrow Ltd.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14.2.4 IFF Nutrition & Biosciences (Dupont)
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.5 Acadian Seaplants Limited
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
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
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.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.