Commercial Seaweed Market Size By Product (Red, Green, Brown), By Form (Wet, Dry), By End User (Food, Animal Feed, Pharma & Personal Care, Biofuels), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Jul 2020  |  Report ID: GMI1658  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 270   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Commercial Seaweed Market size was valued at over USD 58.98 billion in 2019 and is estimated to exhibit more than 12% CAGR from 2020 to 2026. Increasing seaweed adoption for pharmaceutical & personal care products will escalate the revenue generation.
 

Commercial Seaweed Market

Get more details on this report - Request Free Sample PDF
 

Seaweeds or marine algae are harvested either naturally or from cultivated crops. Commercial seaweed harvesting is performed in around 35 countries, in waters ranging from cold, through temperate, to tropical. Based on pigmentation, seaweed is available in three major groups, including, red, brown and green. The length of red seaweeds is generally small, ranging from few centimeters to a meter in length.
 

Green seaweeds are like red seaweeds and small in length. However, brown seaweeds are usually large and available in variety of lengths. For instance, smaller species of brown seaweeds can be 30 to 60 cm long whereas giant kelp can be long up to 20 m.
 

Seaweed is a popular food in countries including China, Japan, Korea, Australia and far East regions. Kombu, a brown seaweed, is used in the powdered form as an additive either in soups & sauces or in curry consumed with rice. It is further used as an additive in cooking beans to add nutrition and improve digestibility.
 

Carrageenan extracted from red seaweeds is considered as an ideal food additive. It has various emulsifying and gelling properties ranging from brittle gel to soft slime. It is widely used in dairy products at low concentrations to prevent milk fractionation. Chondrus crispus, a red alga, is used in food additives preparation along with Gigartinoid and Kappaphycus seaweeds. Multiple applications of product in food industry will positively influence commercial seaweed market growth during the forecast time span.
 

The seaweed price is dependent on environmental, production and distribution factors. Natural calamities can adversely affect the seaweed farming thereby hampering overall production output. In addition, lack of established distribution channels and continuously changing fuel prices will limit commercial seaweed market demand over the forecast timeframe.
 

Commercial Seaweed Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 58,981.8 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 12.0% 2026 Value Projection: 85,496.2 Million (USD)
Pages: 270 Tables, Charts & Figures: 319
Geographies covered (21): U.S., Canada, Germany, UK, France, Italy, Norway, Ireland, China, India, Japan, South Korea, Thailand, Indonesia, Brazil, Mexico, Chile, South Africa, Saudi Arabia, Oman, UAE
Segments covered: Product, Form and End-user
Companies covered (18): Seasol International, Indigrow Ltd., CP Kelco, Chase Organics GB Ltd., Yan Cheng Hairui Food Co., Ltd., Acadian Seaplants Ltd., Mara Seaweed, Pacific Harvest, BIOSTADT INDIA LIMITED, Aquatic Chemicals, Algea AS, W Hydrocolloids, Inc., Qingdao Seawin Biotech Group Co., Ltd., Marcel Carrageenan, Seaweed Energy Solutions AS
Growth Drivers:
  • Increasing demand for seaweeds in food applications
  • Growing demand for eco-friendly fertilizers
  • Rising applications of seaweed hydrocolloids in various industry verticals
Pitfalls & Challenges:
  • Huge fluctuations in seaweed prices

Get more details on this report - Request Free Sample PDF
 

Red seaweed to dominate the industry size

Commercial Seaweed Market By Product

Get more details on this report - Request Free Sample PDF
 

Red seaweed segment exceeded USD 25 Billion in in 2019 owing to its use in food applications and extraction of agar and carrageenan hydrocolloids. These are commonly found in cold waters of Canada (Nova Scotia) and southern Chile. Moreover, they are available along the coasts of Portugal & Morocco and tropical waters of Philippines & Indonesia. These seaweeds are red in color due to larger amount of red phycoblin pigments than green chlorophyll pigments. Rising consumption of red seaweeds as a food source and for food processing applications will support segment penetration over the forecast period.
 

Pharma & personal care segment to support product consumption

Pharma & personal care segment of commercial seaweed market will foresee significant growth over the forecast period. Commercial seaweeds have a wide range of applications in the medical & pharmaceutical sector owing to their exceptional operating capabilities. Sarconema and Asparagopsis taxiformis are iodine-rich algae and are used to control goitre. Chlorellum, an antibiotic drug, is also prepared from algae.
 

Alginates are used in the dental molds production as well as wound dressing. Moreover, seaweed extract is often used in diet pills. Seaweed pills are also used for the gastric binding effect. In the personal care segment, alginates with different viscosities are used as dispersing and thickening agents in lotions, jellies, creams, soaps, compact powders, liquid emulsions, and toothpastes.
 

Wet seaweed to gain higher traction in upcoming years

Commercial Seaweed Market CAGR By Form

Get more details on this report - Request Free Sample PDF
 

Wet or fresh segment of commercial seaweed market will witness around 10.5% CAGR from 2020 to 2026. It is mostly sourced from wild or aquaculture farms. Wet seaweeds are used in food, fertilizer and industrial applications. These contain trace elements including zinc, cadmium, copper, manganese, iron, cobalt, and nickel that escalates its adoption for a variety of end-use applications.
 

Wet seaweed is also used as a raw material for the hydrocolloid industry due to its rich vitamin & mineral contents. Such trends will increase the penetration of wet seaweeds in commercial seaweed industry by 2026.
 

Proliferating food industry to catapult commercial seaweed demand in Asia Pacific

Commercial Seaweed Market By Region

Get more details on this report - Request Free Sample PDF
 

In 2019, Asia Pacific held over 55% share in commercial seaweed market owing to flourishing food & beverages industry. Rising seaweed cultivation practices supported by government policies will drive the seaweed production by 2026. Continuous surge in seaweed demand for food processing applications is attributed to multiple nutritional benefits. Additionally, rising consumption of seaweeds as an organic fertilizer in agricultural sector will propel the industry growth.
 

Strategic partnerships & collaborations to emerge as key strategy

Major commercial seaweed industry players include, Yan Cheng Hairui Food Co., Ltd., Seasol International, Algea AS, CP Kelco, BIOSTADT INDIA LIMITED, W Hydrocolloids, Inc., Marcel Carrageenan, Indigrow Ltd., Chase Organics GB Ltd., Acadian Seaplants Ltd. and Seaweed Energy Solutions AS. Industry participants are expanding production capacity, acquiring other small players in the market and diversifying sales & distribution network in search of additional profitability.
 

For instance, in June 2014, Acadian Seaplants Ltd. completed the acquisition of Arramara Teoranta, an Ireland-based seaweed company to expand its R&D, production and export capabilities.
 

The Commercial Seaweed Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments:
 

By Product

  • Red seaweed
  • Green seaweed
  • Brown seaweed

By Form

  • Wet
  • Dry

By End-user

  • Food
  • Animal Feed
  • Pharma & personal care
  • Biofuels
  • Others

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Norway
    • Ireland
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Chile
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Oman
    • UAE
       

Frequently Asked Questions (FAQ) :

Rising commercial seaweed demand due to nutritious benefits along with increasing seaweed adoption for pharmaceutical & personal care products will drive the demand for commercial seaweed globally.
The APAC led by Japan, India, and China is creating immense demand for commercial seaweed, driven by rising seaweed cultivation practices supported by government policies.
Huge fluctuations in seaweed prices, are expected to impede the commercial seaweed demand across the globe.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Premium Report Details

  • Published Date: Jul 2020
  • Pages: 270
  • Tables: 286
  • Charts / Figures: 33
  • Companies covered: 18
  • Countries covered: 21

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X