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Seaweed Protein Market Size - By Source (Red Seaweed, Green Seaweed, Brown Seaweed), By Extraction Process (Conventional, Advance), Application, COVID-19 Impact Analysis & Global Forecast, 2022 - 2030

  • Report ID: GMI5354
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Overview

Seaweed Protein Market size was worth over USD 400 million in 2021 and is projected to expand at over 7% CAGR between 2022 to 2030. Surging demand for ocean skincare products is expected to favor industry expansion.

Seaweed Protein Market

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The rising prevalence of chronic metabolic disorders such as obesity and diabetes has resulted in a greater emphasis on dietary habits and a demand for high-quality food products with protein ingredients. As a result of a fast-paced lifestyle, the consumption of ready-to-eat meals and processed meat has increased significantly. This trend is contributing to various metabolic health issues.

Seaweed protein is becoming popular as a protein substitute for dairy items and meat. It is a good source of vitamins & minerals and contains iodine & tyrosine, which support thyroid functions. Consumers are rapidly adopting a vegan diet and opting for plant-based protein to prevent the risk of cardiovascular diseases, and certain types of cancers. The growing popularity of plant-based protein products will promote the significance of seaweed protein to some extent.

It is expected that toxicity levels of certain types of seaweed may raise potential health concerns among consumers, hampering the seaweed protein market forecasts. Furthermore, individuals with kidney diseases are reluctant to consume seaweed based products due to high sodium and potassium content. The macroalgae also contain anticoagulant fucoidan and vitamin K, which is not ideal for individuals that are on blood-thinning medications, restricting the consumer base for the ingredient despite its varied health benefits.

High antioxidant levels to drive the consumption of brown seaweed protein ingredients

Seaweed Protein Market By Source

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In terms of the source, the brown seaweed protein market share is projected to surpass USD 400 million by 2030. Brown seaweed is a nutritious alga which has an antioxidant power 13.5 times greater than that of vitamin E, as per the National Institute of Health (NIH). Research has found that brown seaweed can better protect cell membranes as compared to vitamin A. It helps control blood sugar levels and prevent the risk of developing type 2 diabetes. Various studies have identified the potential of brown seaweed biomass as a microbial feedstock that could address the demand for food and energy. The global market for brown commercial seaweed is set to witness 8.5% CAGR during the forecast period.

Growing use of enzymatic extraction process to produce seaweed protein

Seaweed Protein Market By Extraction Process

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The conventional extraction process segment is estimated to hold over 70% share of the seaweed protein industry by 2030. A wide variety of conventional extraction processes such as enzymatic hydrolysis, chemical extraction, and physical processes are available for seaweed protein manufacturers. Enzymatic extraction uses enzymes to degrade the cell walls present in the source, which enables easier extraction of active components. In recent years, it has become a popular method to derive industrially crucial bioactive metabolites from seaweeds.

Increased sales of ocean skincare products to accelerate seaweed protein use in cosmetics

Seaweed Protein Market By Application

The seaweed protein market share from the personal care & cosmetic application segment is expected to reach over USD 450 million by 2030. Rising disposable income and growing consumer interest in organic beauty products, along with self-care trends will propel the use of seaweed ingredients in cosmetics. Seaweed is extensively used in beauty and personal care products as an emulsifier, texturing stabilizer, and biologically active ingredient.

Many cosmetics product manufacturers are foraying into the marine beauty and ocean skincare products space. For instance, in August 2022, BASF Venture Capital, and Aqua-Spark provided funding to Sea6 Energy, a leading producer of tropical red seaweed for the cosmetics application.

China to be a major contributor towards Asia Pacific seaweed protein market expansion

Seaweed Protein Market By Region

Asia Pacific seaweed protein market size is projected to exhibit a CAGR of more than 8% between 2022-2030. The rapidly expanding organic food businesses in China has accelerated the demand for natural ingredients. Concerns associated with food security have compelled several governments to encourage a dynamic shift from animal protein to plant-based protein.

According to a recent report by Food Innovation Australia Limited (FIAL), protein consumption in China is anticipated to reach 70 million metric tonnes by 2025. The Government of China is urging agricultural officials to shift from protein sources outside of traditional livestock and create cell-cultured or plant-based protein such as seaweed.

Novel product developments to augment seaweed protein industry development

Some of the leading seaweed protein manufacturers worldwide include Mara Seaweed, CP Kelco U.S., Inc, Algaia, The Seaweed Company, BASF SE, Qingdao Gather Ocean Algae Industry Group Co., Ltd, Gelymer, Ceamsa, Irish Seaweeds, Dupont, Combo Expert, Beijing Lelli Agricultural Co, Ltd, AtSeaNova, Cargill, Incorporated, and Seasol. These companies are focusing on new research and development initiatives to strengthen product development.

In March 2022, CP Kelco launched a new portfolio of offerings catering to the growing demand for plant-based meat alternatives. One of the products offered includes GENU® Texturizer MA-1, which is a blend of carrageenan extracted from red seaweed and methylcellulose. It can provide a juicy texture and a robust formulation for an improved meat-like experience.

Impact of COVID-19 pandemic on the seaweed protein industry trends

The COVID-19 pandemic created several new challenges for the production of seaweed, particularly across developing nations that rely heavily on farming. The pandemic directly affected seaweed farmers due to a sudden decline in demand for raw materials along with an equivalent reduction in prices. With uncertain supply networks and considerable disruption of the supply chain across Asian countries such as China and Indonesia, import-export of seaweed saw notable losses. For instance, due to volatile trade with China, Indonesia reported a 50% decline in the export of Cottonii seaweed, a widely used ingredient to produce carrageenan.

The seaweed protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2018 to 2030 for the following segments:

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By Source

  • Red Seaweed
  • Green Seaweed
  • Brown Seaweed

By Extraction Process

  • Conventional
  • Advance

By Application

  • Food
  • Animal Feed & Additives
  • Personal Care & Cosmetics
  • Pharmaceuticals & nutraceuticals
  • Others

By Region

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


Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The global seaweed protein industry was worth over USD 400 million in 2021 and is projected to record over 7% CAGR between the forecast years 2022-2030.

The seaweed protein market share from the personal care & cosmetic applications is expected to reach over USD 450 million by 2030, due to rising consumer interest in organic beauty products.

The Asia Pacific seaweed protein market size is projected to exhibit a CAGR of over 8% between 2022-2030, driven by rapidly expanding organic food businesses in China.

Mara Seaweed, CP Kelco U.S. Inc, Algaia, Dupont, The Seaweed Company, BASF SE, Irish Seaweeds, and Gelymer, among many others are some of the leading companies in seaweed protein industry.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 19
  • Tables & Figures: 468
  • Countries covered: 21
  • Pages: 350
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