Commercial Seaweeds Market Increased Demand of Seaweeds by Top Key Players like Roullier Group, Compo Gmbh & Co. Kg, Biostadt India Limited, Acadian Seaplants Limited and Forecast to 2025
Global Commercial Seaweeds Market is expected to reach USD 22.32 billion by 2025, from USD 13.90 billion in 2017, growing at a CAGR of 9.3% during the forecast period of 2018 to 2025.
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Major Market Drivers and Restraints:
Growth in applications of commercial seaweeds
Increased demand of seaweeds
Rising awareness of medicinal uses of seaweeds
Usage of seaweed as hydrocolloid and a gelling agent
High content of mercury and arsenic
Rising water population due to seaweed farming
Market Segmentation: Global Commercial Seaweeds Market
The commercial seaweeds market is segmented on the basis of type, form and application.
The market is segmented on the basis of type into brown seaweeds, red seaweeds, green seaweeds, alginate-containing seaweeds, agar-containing seaweeds, and carrageenan-containing seaweeds.
The market is segmented on the basis of form into liquid, powdered and flakes.
The market is segmented on the basis of application into direct food, textile, food additive, pharma & medical, paper, animal feed, fertilizer and others.
Based on geography the global commercial seaweeds market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Competitive Analysis: Global Commercial Seaweeds Market
The global commercial seaweeds market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commercial seaweeds for global, Europe, North America, Asia Pacific and South America.
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Market Definition: Global Commercial Seaweeds Market
Seaweeds are nutrients with variety of health benefits. Commercial seaweeds are type of micro algae found in artic or tropical cold water bodies. The health benefits from the seaweeds include digestive health, cholesterol-lowering effects and weight loss. These are rich in vitamins and mineral content which makes it applicable in various fields of food, healthcare and personal care products. The commercial seaweeds are harvested in about 35 countries. It is highly consumed by Japan, China and Republic of Korea. According to Food and Agriculture Organization (FAO), China is the largest producer of edible seaweeds, harvesting about 5 million wet tonnes. The rising demands of seaweeds are inclined to various techniques. For instance, in May 2017, a new cultivation vessel for commercial seaweed production is being developed by researchers in Trondheim. This is being achieved in collaboration with business partners from a variety of sectors and mainly SINTEF Ocean.
Major Market Competitors/Players: Global Commercial Seaweeds Market
• E.I. Dupont De Nemours and Company,
• Cargill Incorporated,
• Roullier Group,
• Compo Gmbh & Co. Kg,
• Biostadt India Limited,
• Acadian Seaplants Limited,
• CP Kelco,
• Seasol International Pvt. Ltd,
• Aquatic Chemicals,
• Algea AS,
• Yan Cheng,
• Pacific Harvest,
• Chase Organics GB Ltd.,
• Mara Seaweed,
• The Cornish Seaweed Company,
• Leili Group,
• Irish Seaweeds,
• Qingdao Gather Great Ocean Algae Industry Group (GGOG),
• Annie Chun’s,
• Chase Organics,
• GimMe Health Foods,
• Maine Coast Sea Vegetables,
• Ocean Harvest Technology,
• SeaSnax, among others.
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