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Global Demand for Commercial Seaweed is Projected To Reach US$ 20.3 Billion By 2032

11-03-2022 07:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Commercial Seaweed Market

Commercial Seaweed Market

The global commercial seaweed market is anticipated to expand at an average CAGR of 6.0% and touch a valuation of US$ 20.3 billion by the end of 2032, up from US$ 11.3 billion in 2022.

The seaweed industry holds multiple verticals and carries several varied applications in these verticals. Having so many applications all together expands the market size with the latest technological advancements getting installed in the production process. The rising demand for seafood from commercial entities such as food and beverage, pharmaceuticals, and the cosmetic sector.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

As we discussed, Europe's blue economy shapes all sectoral and cross-sectoral economic activities that are related to the ocean, seas, and coasts. Therefore, smart specialization of any blue economy project becomes important. The rising popularity of seaweed has pushed the sector and has given birth to a more organized ocean-related business that helps the economy grow. The organized blue economy has pushed people to start new businesses around the ocean harvesting that includes Seawood agriculture.

Previously the market thrived with a CAGR of 5.6%. The covid-19 has taken a jibe on most of the markets related to consumables. Therefore, the commercial seaweed market slowed down during this period. Majorly used in garnishing curries, salad, and baked items, seaweed makes the food looks filling and attractive. Along with this, cost-effective harvesting procedures and the ease with which cultivated seaweed can be handled have boosted seaweed farming in important seaweed-producing countries.

๐Š๐ž๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐’๐ž๐š๐ฐ๐ž๐ž๐ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž:
โ€ข Red Commercial Seaweed
โ€ข Green Commercial Seaweed
โ€ข Brown Commercial Seaweed

๐๐ฒ ๐…๐จ๐ซ๐ฆ:
โ€ข Liquid
โ€ข Powdered

๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ:
โ€ข Retail/Direct Consumption
โ€ข Textile Processing
โ€ข Food Additives
โ€ข Pharma & Personal Care Ingredients
โ€ข Paper Manufacturing
โ€ข Animal Feed Ingredients
โ€ข Fertilizers

๐๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:
โ€ข North America
โ€ข Latin America
โ€ข Europe
โ€ข APAC
โ€ข MEA

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:

๐‡๐ข๐ ๐ก ๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐•๐š๐ฅ๐ฎ๐ž

Different varieties of seaweed contain multiple nutrients and minerals. A study shows that the consumption of marine alga boosts vitamins and minerals without adding many qualities. Other than these, seaweed provides a couple of elements

โ€ข Carbohydrates
โ€ข Protein
โ€ข Fiber
โ€ข Minerals
โ€ข Polyunsaturated Fatty Acids

๐–๐ก๐ฒ ๐ข๐ฌ ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐ญ๐ก๐ž ๐‹๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ÿ๐จ๐ซ ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐ฌ๐ž๐š๐ฐ๐ž๐ž๐?

The United States commercial seaweed market is valued at US$ 2.3 million in 2022 and is expected to reach USD 5.0 Billion by 2032.

The rising consumption of raw seaweed due to its health benefits, along with the rising vegan movement backed up by the superfood industry, has thrived the market in the region. People wanting to start a business are adopting the seaweed agricultural model. The different varieties of seaweed, along with sugar kelp, are grown on acres of land in the US. The hard of getting a permit is one barrier for seaweed cultivation enthusiasts.

The rising application of seaweed in pharmaceutical drug processing coupled with its use as a superfood has increased the demand for seaweed in the region while thriving at a CAGR of 6.5% between 2022 and 2032.

๐…๐ฎ๐ฅ๐ฅ ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ฌ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ:

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

Key Commercial seaweed producers are undertaking research and development to provide all three varieties of seaweed. Better logistics programs to deliver fresh and organic seaweed to the end users is new strategy companies follow. Adopting organic procedure to get permits from the FDA to cultivate seaweed have also become important due to climate change compliances.

โ€ข In February 2021, Cargill Foods introduced a new seaweed powder food ingredient for food producers, increasing its line of label-friendly goods. The company claims to be the first in Europe to offer commercial-scale doses of the substance.
โ€ข Likewise, the National Algae Research Centre in New Zealand intends to jumpstart the country's commercial seaweed aquaculture industry.
โ€ข Pacific Harvest has launched the seaweed recipe portal where the end user can find different seaweed recipes.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐
โ€ข Indigrow Ltd.
โ€ข Seasol International
โ€ข Commercial Seaweed Energy Solutions A.S
โ€ข Chase Organics GB Ltd.
โ€ข Aquatic Chemicals
โ€ข Acadian Seaplants Ltd. (ASL)
โ€ข Pacific Harvest
โ€ข Mara Commercial Seaweed
โ€ข Algea A.S
โ€ข W Hydrocolloids, Inc.
โ€ข Marcel Carrageenan
โ€ข CP Kelco

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:


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