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Brown Commercial Seaweed Market Size By Form (Wet, Dry), By End Use (Food, Animal Feed {Poultry Feed, Swine, Aquaculture, Pet Food}, Pharmaceutical, Cosmetics & Personal Care, Biofuels, Bioplastics, Biochemicals, Biorefineries) & Forecast, 2023-2032

  • Report ID: GMI5429
  • Published Date: Feb 2023
  • Report Format: PDF

Brown Commercial Seaweed Market Size

Brown Commercial Seaweed Market size valued at USD 16 billion in 2022 and is estimated to expand at over 8.5% CAGR from 2023 to 2032, given the product’s ability to improve blood sugar levels, among other health benefits.
 

Brown Commercial Seaweed Market

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Seaweed is gaining acceptance as a viable source of iodine, serving as a nutritious addition to the diet and providing multiple health benefits. Brown seaweed contains the fucoxanthin antioxidant that plays a vital role in improving blood sugar levels and reducing type 2 diabetes risks. These health benefits will promote the usage of the product as a key ingredient in dietary supplements and pharmaceutical products. Additionally, given the rapid growth of the pharmaceutical sector, the production of brown seaweed supplements is likely to gain momentum, especially in North America.
 

As per the EFPIA (European Federation of Pharmaceutical Industries & Associations), in 2021, North America represented close to half of the global pharmaceutical sector. To sustain their market position and retain existing customers, companies have also been making substantial investments in new products. These factors, alongside the increase in pharmaceutical R&D projects, will present lucrative growth opportunities for brown commercial seaweed development. However, the volatility in raw material costs and supply chain fluctuations may create roadblocks to the brown commercial seaweed market expansion.
 

Brown Commercial Seaweed Market Analysis

 Global Brown Commercial Seaweed Market by Form

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The dry form segment is predicted to register over 8% CAGR through 2032, driven by the extensive usage of dry seaweed as an animal feed additive, in toxic metal removal from industrial wastewater, and in laminaria digitate and agar production. The product is also utilized as a dietary iodine source, supporting thyroid glands, and protecting cells from damage. The increasing fund allocation to promote pharma manufacturing will therefore fuel the market demand.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of brown commercial seaweed crossed USD 16 billion in 2022 and will depict over 8.5% CAGR from 2023 to 2032, given the product’s ability to lower blood sugar levels, among other health benefits.

The dry segment is anticipated to grow at a CAGR of 8% between 2023 and 2032, led by the extensive usage of dry seaweed as an animal feed additive.

The market value for brown commercial seaweed in APAC is poised to exceed USD 25 billion by 2032, considering the growing demand for food additives across the region.

W Hydrocolloids, Inc., Marcel Carrageenan, Algea AS, Mara Seaweed, Pacific Harvest, Aquatic Chemicals, Chase Organics GB Limited, Seaweed Energy Solutions AS, and Indigrow Ltd. are some of the key participants in the industry.

Brown Commercial Seaweed Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 431
  • Countries covered: 23
  • Pages: 380
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