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Seaweed Protein Market size to exceed $850mn by 2030

  • Published Date: September 30, 2022

Seaweed Protein Market size is anticipated to go above USD 850 million by 2030, as per a new research report announced by Global Market Insights Inc.

Growing efforts to improve overall fitness and enhance immunity will drive the use of protein ingredients in dietary supplements. The utilization of this ingredient has elevated significantly in the food industry as it is an excellent source of amino acids and holds numerous health benefits. Factors like high nutritional value, weight-loss properties, and flavor-enhancing capabilities will increase product uptake in the health & fitness domain.

Consumers are also steadily shifting from animal-based meat to plant-based alternatives to meet their protein requirements. This trend will encourage seaweed farmers to increase their production yield in the coming years. There is a rising interest in seaweed farming in the Pacific Northwest, with the number of small commercial seaweed operations likely to double in Oregon and Washington state.

High protein content will drive consumption of red seaweed ingredient

Seaweed protein market share from the red seaweed segment is projected to exceed USD 400 million by 2030. The protein content of red seaweed is comparatively high in contrast to other microalgae alternatives. This makes its use ideal in alternative protein products. New research to innovate ingredients for plant-based meat will elevate the product significance. A rapid shift to organic and natural cosmetic products will inspire red seaweed protein companies to expand their production capacity.

Advance extraction processes to revolutionize seaweed protein production

Advance extraction process segment is expected to hold over 28% share of the seaweed protein market by 2030. New advanced methods such as ultrasound-assisted extraction, microwave-assisted method, and pulsed electric field are now used to produce seaweed protein. These techniques offer high extraction capacity and are resonating well with seaweed protein manufacturers. For instance, high-quality derivative products, short processing times, and low solvent needs are expected to be some of the features that will boost the adoption of microwave-based extraction methods in the industry.

Browse key industry insights spread across 350 pages with 445 market data tables & 23 figures & charts from the report, “Seaweed Protein Market Size, By Source (Red Seaweed, Green Seaweed, Brown Seaweed), Extraction Process (Conventional, Advance), Application (Food, Animal Feed & Additives, Personal Care & Cosmetics, Pharmaceutical & nutraceuticals, Others), Industry Analysis Report, Regional Outlook, End-user Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:

Strong demand for plant-based protein to shape seaweed protein market trends

Rising awareness regarding the health benefits of plant-based ingredients is forcing food manufacturers to respond quickly to meet consumer interest.  Seaweed protein industry share from the food application segment will surpass USD 350 million by 2030. The demand for natural ingredient-based food has surged across both developed and developing countries. Robust consumer requirement for products that are fortified with nutrient-rich ingredients has motioned various food companies to add seaweed protein to their products.

Robust investment in R&D to improve North America seaweed protein industry forecasts

North America seaweed protein market size will record a CAGR of over 7% between 2022-2030. The consumption of nutrition-rich food products containing a high amount of protein has increased across the region. Professional athletes and fitness-conscious people in the U.S. & Canada are requesting nutritional supplements to improve their overall health performance. New investments in R&D for product advancements will drive the seaweed protein demand for nutraceuticals and pharmaceuticals manufacturing.

New product developments to complement seaweed protein market development

Dupont, Mara Seaweed, The Seaweed Company, CP Kelco U.S., Inc, Algaia, BASF SE, Gelymer, Ceamsa, Irish Seaweeds, Combo Expert, AtSeaNova, Cargill, Incorporated, and Seasol are some of the leading seaweed protein companies worldwide. These firms are working on novel seaweed protein ingredients that cater to the needs of numerous industries.

Authors: Kiran Pulidindi, Hiralkumar Patel