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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 (2018-2028); 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 2023-2028. 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.
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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.
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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
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Commercial Seaweed Market Analysis
8.1 Key Industry Highlights
8.2 Global Commercial Seaweed Historical Market (2018-2022)
8.3 Global Commercial Seaweed Market Forecast (2023-2028)
8.4 Global Commercial Seaweed Market by Type
8.4.1 Brown Seaweed
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Red Seaweed
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Green Seaweed
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Commercial Seaweed Market by Form
8.5.1 Liquid
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Powdered
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Commercial Seaweed Market by Application
8.6.1 Agriculture
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Animal Feed
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Food and Beverages
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Commercial Seaweed Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Commercial Seaweed Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Commercial Seaweed Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Commercial Seaweed Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Commercial Seaweed Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Commercial Seaweed Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Cargill, Incorporated.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Seasol International Pty Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Indigrow Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 IFF Nutrition & Biosciences (Dupont)
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Acadian Seaplants Limited
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Commercial Seaweed Market: Key Industry Highlights, 2018 and 2028
2. Global Commercial Seaweed Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Commercial Seaweed Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Commercial Seaweed Historical Market: Breakup by Form (USD Million), 2018-2022
5. Global Commercial Seaweed Market Forecast: Breakup by Form (USD Million), 2023-2028
6. Global Commercial Seaweed Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Commercial Seaweed Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Commercial Seaweed Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Commercial Seaweed Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Commercial Seaweed Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Commercial Seaweed Market Forecast: Breakup by Country (USD Million), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
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 2023 and 2028.
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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