Upcoming Demand of Seaweed Protein Market 2023-2032: CP Kelco U.S.,Inc., Algaia, Algea, Cargill Incorporated

The seaweed protein market sector is on track to reach US$ 1131 million in 2027, with a projected 14.1% yearly growth rate. This expanding industry was valued at US$ 585 million in 2022, this market is expected to make waves in the near future.

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The seaweed protein is a rising star in the world of food and nutrition, poised for substantial growth in the near future. Sourced from various types of seaweed such as kelp, dulse, nori, and wakame, it offers a sustainable and eco-friendly solution to traditional animal-based proteins. The market's expansion is driven by factors such as growing health consciousness among consumers, the surging demand for plant-based proteins, and the heightened popularity of vegan and vegetarian lifestyles.

'Self-care has evolved into an important component of the modern consumer's lifestyle. Consumers have made some substantial dietary modifications as a result of the rising emphasis on holistic health and immunity. Vitamins, minerals, immunity-boosting meals, organic products, supplements, and other nutritional supplements are all becoming more popular. Though the current epidemic has heightened awareness of the importance of immunity, it is well understood that having a robust immune system can help minimise the likelihood and severity of diseases and infections.

Opportunity: Increase in demand for natural ingredient based products by consumers.
Consumers are shifting away from animal proteins and moving toward plant-based proteins, and the market for plant protein components is rapidly expanding. This is anticipated to lead to a shift in customer preference for plant-based supplements, thus expanding the seaweed protein market.

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Challenge: Toxicity associated with consumption of seaweed protein based products
Commercially available seaweed protein-based products are mostly in the form of partially dried seaweeds packaged as tablets or powder.

The Red Seaweed by source segment is projected to account for the biggest market share in the Seaweed protein market.
High level of proteins in red seaweed and diverse application is driving the market growth for red seaweed.

The conventional extraction segment is estimated to account for the largest market share in the Seaweed protein market during the forecast period.
Physical techniques such as aqueous treatment and Patter homogenization, osmotic stress, and high shear force are used in the conventional extraction method.

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Key Companies
The key players in this market include CP Kelco U.S.,Inc. (US), Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China), Qingdao Brightmoon Seaweed Co Group Co. Ltd (China), Cargill Incorporated (US) Gelymar SA (Chile), Ceamsa (Spain), BASF (Germany), Irish Seaweed (Ireland), Dupont Nutrition and Biosciences (US), Compo Expert Group (Germany), Beijing Leili Agricultural Co, Ltd (China), Groupe Roullier (France), Acadian Seaplants (Canada). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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This release was published on openPR.