Commercial Seaweed Market – Global Industry Trends and Forecast 2022 to 2030
The global Commercial Seaweed market size is expected to be worth around US$ 40.8 billion by 2030, according to a new report by Vision Research Reports.
The global Commercial Seaweed market size was valued at US$ 17.6 billion in 2020 and is anticipated to grow at a CAGR of 11.8% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 40.8 Billion by 2030 |
| Growth Rate | CAGR of 11.8% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application, Form |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Cargill Inc.; E.I. Du Pont de Nemours and Company; Roullier Group; Biostadt India Limited; Compo GmbH & Co. KG; Acadian Seaplants Limited; Gelymar SA; BrandT Consolidated, Inc.; Seasol International Pty. Ltd.; CP Kelco.; West Coast Marine Bio-Processing Corp.; Leili Group; Chase Organics GB Limited; Indigrow Ltd.; Travena Organic Solutions Ltd |
Growth Factors
Growing awareness concerning the product’s health benefits along with rising consumption of snacks and food products derived from sea vegetables is anticipated to augment the demand for commercial sea vegetables in food applications.
Rising health awareness among consumers is one of the major factors driving the growth of the market. Some of the key attributes of commercial sea vegetables are that they are one of the major sources of minerals and vitamins in the human body, once consumed. In addition, seaweeds regulate the estradiol and estrogen levels in the body.
The market demand is anticipated to be driven by the growing technological developments in cultivating seaweed coupled with the rising investments in application segments, including animal feed and agriculture.
By Product Analysis
The red seaweed product segment dominated the market and accounted for the largest revenue share of 53.6% in 2020. The segment is expected to witness significant growth over the forecast period on account of its excellent functional attributes.
The key benefits of red algae are their ability to regulate blood sugar levels and lower bad cholesterol. It is also considered a rich source of antioxidants and helps in boosting the immune system and nourishes the skin.
Brown seaweed is the second-largest product segment, accounting for the significant revenue share of 46.92% in 2020. The brown seaweed segment is estimated to register strong growth over the forecast period on account of its widespread utilization in industries such as food & beverage, agriculture, and animal feed.
By Application Analysis
Seaweed is widely used as food for direct human consumption. The Human consumption segment accounts for the largest revenue share of 82.43% in 2020, on the back of a growing population, rising disposable incomes, awareness regarding healthy eating habits among health-conscious consumers, and increased demand for processed food products across the globe.
Commercial seaweed finds application in various food formulations such as toppings, sauces, salad dressings, soups, and gravies. They are also used in different food products, including desserts, candies, jellies, jams, and ice creams, to impart the desired texture.
By Form Analysis
The liquid form of seaweed accounted for the largest share revenue of 53.30% in 2020. The liquid form of seaweed is used as foliar fertilizer and soil conditioner for plants to provide minerals, vitamins, potassium, and enzymes that accelerate their growth.
Seaweed extracts are marketed as biostimulants and liquid fertilizers since they comprise many growth regulators such as auxin, betaines, cytokinins, gibberellins, and macronutrients including K, Ca, and P, and micronutrients including Cu, B, Fe, Zn, Mn, Co, and Mo.
Powdered-based seaweed is likely to witness significant growth of 10.7% over the forecast period on account of their distinguished attributes such as longer shelf-life, low operating costs, and easier storage and transportation, which reduces chances of spoilage. Furthermore
By Regional Analysis
Asia Pacific dominated the market and accounted for the largest revenue share of 77.1%. China is the leading producer of seaweed in the Asia Pacific wherein China, South Korea, and Japan are among the leading consumers of seaweed in the region.
Europe is one of the prominent regions after the Asia Pacific for the production and consumption of seaweed across the globe. The European countries such as Norway, Ireland, and Spain are some of the key producers of seaweed in the region.
Key Players
- Cargill Inc.
- E.I. Du Pont de Nemours and Company
- Roullier Group
- Biostadt India Limited
- Compo GmbH & Co. KG
- Acadian Seaplants Limited
- Gelymar SA
- BrandT Consolidated, Inc.
- Seasol International Pty. Ltd.
- CP Kelco.
- West Coast Marine Bio-Processing Corp.
- Leili Group
- Chase Organics GB Limited
- Indigrow Ltd.
- Travena Organic Solutions Ltd.
Market Segmentation
- By Product
- Brown seaweeds
- Red seaweeds
- Green seaweeds
- By Application
- Agriculture
- Animal Feed
- Human Consumption
- Others
- By Form
- Liquid
- Powdered
- Flakes
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- U.K.
- Germany
- Ireland
- Spain
- Norway
- Asia Pacific
- China
- Indonesia
- Japan
- South Korea
- Philippines
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Commercial Seaweed Market, By Product
7.1. Commercial Seaweed Market, by Product, 2021-2030
7.1.1. Brown seaweeds
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Red seaweeds
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Green seaweeds
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Commercial Seaweed Market, By Application
8.1. Commercial Seaweed Market, by Application, 2021-2030
8.1.1. Agriculture
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Animal Feed
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Human Consumption
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Commercial Seaweed Market, By Form
9.1. Commercial Seaweed Market, by Form, 2021-2030
9.1.1. Liquid
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Powdered
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Flakes
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Commercial Seaweed Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. Market Revenue and Forecast, by Form (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Form (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Form (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. Market Revenue and Forecast, by Form (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Form (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Form (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Form (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Form (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. Market Revenue and Forecast, by Form (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Form (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Form (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Form (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Form (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. Market Revenue and Forecast, by Form (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Form (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Form (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Form (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Form (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Market Revenue and Forecast, by Form (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Form (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Form (2017-2030)
Chapter 11. Company Profiles
11.1. Cargill Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. E.I. Du Pont de Nemours and Company
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Roullier Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Biostadt India Limited
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Compo GmbH & Co. KG
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Acadian Seaplants Limited
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Gelymar SA
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. BrandT Consolidated, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Seasol International Pty. Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. CP Kelco.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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