Commercial Seaweed Market: Growth, Trends, By Region and Forecast (2023 - 2028) | Report Research By Introspective market Research

Market Overview:

Global Commercial Seaweed Market size is projected to reach USD 27.07 Billion by 2028 from an estimated USD 16.23 Billion in 2021, growing at a CAGR of 7.58%.

Seaweeds are marine plants having a wide variety of species. Natural and cultivated seaweeds can provide bioactive substances rich in varieties and large in quantities, which are being increasingly explored in the health industry, using their novel bioactivities. Seaweed-derived food hydrocolloids are widely used and the processes of their extraction from the respective types of seaweeds have also been evolving.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Presently, the seaweed hydrocolloid business represents the main part of the seaweed processing industry and this industry primarily focuses on the sourcing of raw seaweeds, extraction of the hydrocolloids, and sales of alginate, carrageenan, and agar, along with some additional minor products and applications such as iodine, mannitol, and seaweed fertilizers. The extraction and commercialization of seaweed hydrocolloids were initially developed in Europe and North America, but today the development of seaweed farming in Asia and the economic changes in the Asia-Pacific region have changed the industry's structure globally.

Market Dynamics:

Driver:
Benefits provided by seaweed such as product efficiency by adding nutritional value to food products are the primary factor driving the demand for Seaweed. For instance, several seaweed-produced hydrocolloids are being increasingly used to increase the thickness and stability of food products, they are increasingly used as gelling, stabilizing, emulsifying, and thickening agents in various food products, such as ice creams, jams, fruit juices, bakery products, and others. In the Past, Seaweed was mostly consumed in Asia countries, several other countries such as the U.S., France, and Canada, have started using seaweed with more and more products like macroalgae used as a food ingredient or added freshly.

Opportunities:
Growing adoption of vegan or vegetarian diets due to increasing awareness regarding the benefits of plant-based diets and animal welfare are resulting in the increased consumption of plant-based products which further are expected to result in greater use of seaweed. Also, seaweed products are gaining popularity across several sectors such as the food and cosmetics industry which is also a growth-boosting factor for the market.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Market Segmentation

By Type
• Red
• Brown
• Green

By Form
• Liquid
• Powdered
• Flakes

By Application
• Agriculture
• Animal Feed
• Human Food
• Other Applications

Market Segmentation

Regional Analysis:
Geographically, commercial seaweed market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. In North America, have highest market share as an increasing cultivation of the seaweed in the country, growing in demand of the seaweed across the end users and plant-based products are stimulating the growth of the seaweed market.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Commercial Seaweed market are :
• DowDuPont Inc.
• Cargill Incorporated
• Beijing Leili Agricultural Co. Ltd.
• Organic Irish Seaweed Emerald Isle
• Seaweed Solutions AS
• Nantong Xinlang Seaweeds and Foods Co. Ltd.
• CP Kelco US Inc.
• Groupe Roullier
• J.M. Huber
• Kerry Group Plc.
• Ocean Harvest Technology Ltd.
• Gelymer S.A.
• Corbion N.V.
• Green Ocean Farming UK and other major players.

Key Industry Developments
In June 2018, DowDuPont Nutrition and Health has announced a program for sustainable seaweed mainly for hydrocolloid industry in partnership with Anderson Cabot Centre for Ocean Life. This collaboration and program will help DuPont extend awareness about seaweed among farmers and harvesters and to take one more step towards the sustainable cultivation practices.
In November 2019, Nippon Steel Corporation in collaboration with Furuu Districts Fisheries Cooperative Association started a latest seaweed regeneration project to promote fisheries industry in Japan.

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