Top Seaweed Companies in World 2023: Biggest Global Producers, and Farming Brands | IMARC Group

Seaweed represents marine plants and algae that grow in rivers, oceans, lakes, and other water bodies. They mainly comprise of red, brown, green, and black algae that form dense growth on rocky shores or accumulate in shallow water. Seaweed variants are a rich source of iodine and tyrosine that improve growth, enhance energy production, and repair the damaged cells in the body. They offer several antioxidants, such as vitamins A, E, and C, carotenoids, flavonoids, etc., that boost metabolism and help to lose weight. Consequently, seaweed products find extensive applications across numerous sectors, including food and beverages (F&B), pharmaceutical, wastewater treatment, bio-refining, fertilizer, animal feed, etc.

According to IMARC Group, the global seaweed market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.64% during 2023-2028.

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Some of the top Seaweed Companies in World 2023 being:

• Acadian Seaplants Limited
• Cargill Incorporated
• DuPont de Nemours, Inc.
• Irish Seaweeds
• Leili
• Mara Seaweeds
• Qingdao Gather Great Ocean Algae Industry Group (GGOG)

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The elevating awareness among the masses about the multiple benefits of nutritional food products is primarily driving the seaweed companies. In addition to this, the growing usage of the product as food ingredients, owing to their anti-microbial properties that help to regulate the estrogen and estradiol levels in the human body, is acting as another significant growth-inducing factor. Apart from this, escalating need for seaweeds in the textile segment as a thickening agent and in the agricultural industry to increase crop yield, enhance soil quality, and improve crop protection is also positively influencing the global market.

Moreover, the rising investments by leading market players in research and development (R&D) activities to introduce preservatives and gums infused with seaweeds and the inflating demand for brown seaweeds to produce hydrocolloids, such as agar, alginate, carrageenan, etc., are anticipated to bolster the seaweed companies over the forecasted period.

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