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The North America commercial seaweeds market size reached approximately USD 2.15 billion in 2023. The market is projected to grow at a CAGR of 7.9% between 2024 and 2032, reaching a value of around USD 4.30 billion by 2032.
Seaweed, or scientifically known as macroalgae, is a term used to refer to all the types of marine plants and algae. These plants are usually found at the bed of ocean and seas or rock structures. The type of seaweed can differ depending on the water level. A wide number of seaweeds are edible and hold commercial value for humans. Some of the known edible seaweeds include nori, wakame, kombu, and arame, among others.
UMARO, a California based company, announced to develop a high-tech offshore sea farm together with the New Hampshire University and Otherlab. The project (spanning the year 2018-2023) boasts an advanced design, including a robotic anchoring system that is efficient at deploying sustainable helical anchors without causing disturbance in the seabed. The design also includes a passive, wave-driven upwelling system that will be used to bring nutrient rich seawater to the surface.
Based on type, the market can be segmented into brown seaweed, red seaweed, and green seaweed. The market categorisation, based on form, includes leaf, powdered, and flakes. The market, based on application, is divided into agriculture, animal feed, and human consumption, among others. The major regional markets for commercial seaweeds in North America are the United States and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America commercial seaweeds market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
According to the North America commercial seaweeds market analysis, red seaweed is expected to be the fastest growing type, among other variants, owing to its wide range of health benefits. It has shown great ability in controlling blood sugar levels and helps lower bad cholesterol. It also possesses the highest levels of protein, which is the reason for its red tint.
The demand for red seaweed is also growing as consumers and companies increasingly seek out meat alternatives. One of the most popular red seaweeds, Nori, is being increasingly consumed in various regions of North America due to the rising adoption of Asian cuisine.
The United States is expected to account for a major portion of the North America commercial seaweeds market share. The aquaculture sector in the country is growing rapidly owing to various factors, such as technological advancements, and rising emphasis on sustainable aquaculture practices.
The country is also one of the major exporters of a red seaweed extract product known as Carrageenan. It is one of the major seaweed extract products, accounting for more than 94% of the country’s total seaweed exports.
Cargill Inc. is a US-based, privately held global corporation and one of the largest agricultural companies in the world. It operates in various sectors such as food, agriculture, financial, and industrial products, and services. Cargill is involved in the production and trading of agricultural commodities, processing of food products, providing financial and industrial solutions, and managing supply chains for various sectors.
DuPont de Nemours, Inc., now known as DowDuPont after a merger (and later, split into separate companies), is a multinational conglomerate that operates in various sectors, including agriculture, materials science, and speciality products. Historically known for its contributions to science and innovation (particularly in materials, chemicals, and agriculture), DuPont has been involved in diverse sectors, focusing on research and development of various technologies and products.
CP Kelco U.S., Inc. is a leading global producer of speciality hydrocolloid ingredients. They offer a wide range of products derived from natural raw materials such as citrus fruits, seaweed, and other plants. These ingredients find applications in various fields including food and beverage, pharmaceuticals, personal care products, and industrial applications due to their thickening, stabilising, and gelling properties.
Other key players in the North America commercial seaweeds market are Cascadia Seaweed, and Premium Oceanic, LLC, among others
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REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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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Competitive Landscape |
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Companies Covered |
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*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
7 Opportunities and Challenges in the Market
8 Global Commercial Seaweeds Market Overview
8.1 Key Industry Highlights
8.2 Global Commercial Seaweeds Historical Market (2018-2023)
8.3 Global Commercial Seaweeds Market Forecast (2024-2032)
8.4 Global Commercial Seaweeds Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Commercial Seaweeds Market Overview
9.1 Key Industry Highlights
9.2 North America Commercial Seaweeds Historical Market (2018-2023)
9.3 North America Commercial Seaweeds Market Forecast (2024-2032)
10 North America Commercial Seaweeds Market by Type
10.1 Brown Seaweed
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Red Seaweed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Green Seaweed
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Commercial Seaweeds Market by Form
11.1 Leaf
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Powdered
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Flakes
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America Commercial Seaweeds Market by Application
12.1 Agriculture
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Animal Feed
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Human Consumption
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 North America Commercial Seaweeds Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
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 of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cargill Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 DuPont de Nemours, Inc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 CP Kelco U.S., Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Cascadia Seaweed
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Premium Oceanic, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Commercial Seaweeds Market: Key Industry Highlights, 2018 and 2032
2. North America Commercial Seaweeds Market: Key Industry Highlights, 2018 and 2032
3. North America Commercial Seaweeds Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Commercial Seaweeds Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Commercial Seaweeds Historical Market: Breakup by Form (USD Billion), 2018-2023
6. North America Commercial Seaweeds Market Forecast: Breakup by Form (USD Billion), 2024-2032
7. North America Commercial Seaweeds Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Commercial Seaweeds Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Commercial Seaweeds Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Commercial Seaweeds Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Commercial Seaweeds Market Structure
In 2023, the market reached an approximate value of USD 2.15 billion.
The market is projected to grow at a CAGR of 7.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.30 billion by 2032.
The market is driven by the increasing utilisation of seaweed in food products due to its high nutritional values and increasing adoption in different sectors due to its versatility.
The growing technological advancements in aquaculture and the increasing use of seaweeds to manufacture meat alternatives are the key market trends.
The major regional markets are the United States and Canada.
The different applications include agriculture, animal feed, and human consumption, among others.
The key players in the market include Cargill Inc., DuPont de Nemours, Inc., CP Kelco U.S., Inc., Cascadia Seaweed, and Premium Oceanic, LLC, among others.
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