Commercial Seaweed Market - Growth, Trends, and Forecast (2020 - 2025)

The Global Commercial Seaweed Market is segmented by Product Type (Red, Brown, and Green Seaweed), Application (Food and Beverage, Dietary Supplements, Pharmaceutical and Medical, and Other Applications), and Geography.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

CAGR:

9.7 %

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Market Overview

The global commercial seaweed market is expected to witness a CAGR of 9.7% during the forecast period, 2020 - 2025.

  • Commercial seaweed has a huge application base due to its functional and healthy benefits. Most of the commercially produced seaweed is used in the food industry, which accounts for 70% of the total market share and other category accounts for 30%, which includes hydrocolloids (with the highest share in the category), followed by feed and fertilizers.
  • Sales of seaweed soared, owing to weight-loss claims. Seaweed can rehydrate and swell up in the stomach. Globally, seaweeds are gaining popularity at present not only as part of the staple diet, food flavor enhancers, and nutritive food items but also for their weight loss property. For this very reason, the consumption of seaweed has increased by 125% in the United Kingdom alone.

Scope of the Report

Seaweeds are a group of photosynthetic non-flowering plant-like organisms (called microalgae) that live in the sea. These are categorized into three major groups based on their dominant pigmentation: red (Rhodophyta), brown (Phaeophyta), and green (Chlorophyta). The commercial seaweed market is also categorized by application as food and beverage, dietary supplements, pharmaceutical and medical, and other applications.

Product Type
Brown Seaweed
Green Seaweed
Red Seaweed
Application
Food and Beverage
Dietary Supplements
Pharmaceuticals
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Russia
Rest of Europe
Asia-Pacific
India
China
Australia
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest Middle East & Africa

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Key Market Trends

Higher Benefits with Enhanced Yield and Productivity

Agriculture is a critical sector for the livelihood of individuals and the stability of the overall global economy. Meeting the food needs and its productivity requirements in the future are of tremendous importance owing to the increasing global population. These requirements can be achieved through a set of innovations and technologies that have recently come up in support of the agriculture sector; one among them is using seaweed extract to boost agricultural production. Liquid seaweed extracts are complex and have demonstrated to possess novel mechanisms for increasing crop productivity. Moreover, the other benefits include improved root structures, improved plant development like flowering and leaf development and fruit set, and enhanced ability to tolerate plant disease and climatic stresses, such as cold or drought. They also help in improving soil structure, soil water holding capacity, and improved soil microbiology. The graph provided shows the market of seaweeds taken by the source World Bank Group.

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Asia-pacific Held the Largest Share of the Commercial Seaweed Market

The use of seaweed as food has strong roots in Asian countries, such as China, Japan, and the Republic of Korea, the demand for seaweed as food has spread to North America, South America, and Europe. China is by far the largest seaweed producer, followed by the Republic of Korea and Japan. However, seaweeds are now being produced in all continents. The United States, Mexico, and Canada are poised to witness a high growth rate in the seaweed market. It is anticipated that the per capita consumption of carrageenan would increase by 50% over the next few years, due to market penetration. Asia-Pacific is the largest market for seaweed products. It is the largest regional market that produces and consumes commercial seaweeds.

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Competitive Landscape

The global commercial seaweed market is highly fragmented and competitive in nature. Cargill Inc., DuPont, Acadian Seaplants Limited, CP Kelco, Algae, the arctic company, Fruit Hill Farm, and Kelpak are the most active companies among all major players in this market. The companies that have taken the lead in strategic movements are Cargill Inc. and CP Kelco. Most of the key players are based in developed countries of Asia- Pacific, European region, and North America. At the same time, their subsidiaries and branches are established in many countries of South America and Eastern European countries, the Middle East, and the Oceana region.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Brown Seaweed

      2. 5.1.2 Green Seaweed

      3. 5.1.3 Red Seaweed

    2. 5.2 Application

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Spain

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Australia

        4. 5.3.3.4 Japan

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Preferred Strategic Approach

    2. 6.2 Most Active Companies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 DuPont

      3. 6.4.3 Acadian Seaplants

      4. 6.4.4 CP Kelco US Inc.

      5. 6.4.5 Brandt Consolidated Inc.

      6. 6.4.6 Seasol International

      7. 6.4.7 Gelymar

      8. 6.4.8 Algaia SA

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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