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Global Commercial Seaweed Market Report 2022 Analysis And Forecast To 2031 | Major Key Players, Trends, Business Overview, And Competitive Analysis | Cargill Inc., DuPont de Nemours Inc., AquAgri Processing Pvt. Ltd., West Coast Marine Bio-Processing Corp
Commercial Seaweed Market
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The global commercial seaweed market report by the business research company identifies increasing consumer consumption of plant-based products to be a major growth driver for the commercial seaweed market. Plant-based food refers to a finished product consisting of ingredients derived from plants that include vegetables, fruits, and whole grains. Commercial seaweed is used in the manufacture of plant-based foods. These seaweeds help to increase protein content in plant-based products. For instance, according to the Good Food Institute, a US-based non-profit organization that promotes plant- and cell-based alternatives to animal products, in 2020, dollar sales of plant-based food grew by 43%, which increased from $5.5 billion in 2019 to $7 billion in 2020.
The global commercial seaweed market size is expected to grow from $14.94 billion in 2021 to $17.17 billion in 2022 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The commercial seaweed market is expected to grow to $26.85 billion in 2026 at a CAGR of 11.8%.
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Asia-Pacific was the largest region in the commercial seaweed market in 2021. The regions covered in the commercial seaweed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the commercial seaweed market are Cargill Inc., DuPont de Nemours Inc., AquAgri Processing Pvt. Ltd., West Coast Marine Bio-Processing Corp., The Seaweed Company B.V., Acadian Seaplants Limited, Extractos Naturales Gelymar S.A., BrandT Consolidated Inc., Pacific Harvest, The Irish Seaweed Company, AtSeaNova, Seaweed Solutions, and Shore Seaweed.
The global commercial seaweed market is segmented -
1) By Product: Brown Seaweeds, Red Seaweeds, Green Seaweeds
2) By Type: Liquid, Powdered, Flakes
3) By End User: Food and Beverages, Agricultural Products, Animal Feed Additives, Pharmaceuticals, Other End Users
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The Commercial seaweed Market Report Contents Include
1. Executive Summary
2. Commercial Seaweed Market Characteristics
3. Commercial Seaweed Market Trends And Strategies
4. Commercial Seaweed Market - Macro Economic Scenario
5. Commercial Seaweed Market Size And Growth
....
27. Commercial Seaweed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Seaweed Market
29. Commercial Seaweed Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the commercial seaweed market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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