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Commercial Seaweeds Market worth $37.50 billion by 2030, growing at a CAGR of 8.19% - Exclusive Report by 360iResearch
Commercial Seaweeds Market | 360iResearch
The Global Commercial Seaweeds Market to grow from USD 21.61 billion in 2023 to USD 37.50 billion by 2030, at a CAGR of 8.19%.
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Commercial seaweeds refer to a broad category of macroscopic marine algae harvested for commercial use. These natural resources, predominantly found along rocky shorelines worldwide, are utilized in various applications, including human food products, animal feed, fertilizers, biofuels, and key ingredients in the pharmaceutical and cosmetic industries. The shift towards healthier lifestyles has elevated consumer demand for food products with nutritional benefits, including those high in vitamins, minerals, and antioxidants, which are abundant in seaweeds. Moreover, with a rising global emphasis on sustainable farming practices, seaweeds are gaining popularity as an organic fertilizer and soil conditioner owing to their high micronutrient content and biostimulant properties. However, changes in ocean temperatures and water pollution can affect seaweed cultivation and quality. In addition, stringent regulations regarding the harvesting and processing seaweeds may hinder market expansion. Furthermore, improvements in processing and extraction technologies and expanding utilization of seaweed-derived compounds as a potential source for biofuels and bioplastics offer significant growth opportunities to the market.
The commercial seaweed market in the Americas is increasing, with the United States and Canada as key players. The health-conscious consumer segment drives the U.S. market, looking for natural and sustainable product alternatives. Seaweeds are increasingly used in health foods, snacks, and as functional ingredients. In Canada, the market is developing due to the increasing use of seaweed in animal feed, agriculture, and nutraceuticals. Investments in the Americas tend to center around sustainable harvesting, innovative product development, and expansion of seaweed aquaculture. EU countries demonstrate strong growth potential, increasing demand for seaweeds as food additives in hydrocolloids and cosmetics. The market for seaweeds in the Middle East is relatively small but growing due to its health benefits and functionality as a food additive. The Asia Pacific region dominates the global commercial seaweed market, with countries including China, Japan, and India leading the production and consumption. Seaweeds are an integral part of the diet in this region; thus, consumer needs are driven primarily by traditional usage in food applications. The aquaculture industry in APAC is robust and benefits from governmental support and investments in research and development, which has significantly enhanced the demand for commercial seaweed.
Market Segmentation & Coverage:
This research report categorizes the Commercial Seaweeds Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Brown, Green, and Red. The Brown commanded largest market share of 39.21% in 2023, followed by Red.
Based on Form, market is studied across Flakes, Liquid, and Powder. The Powder commanded largest market share of 49.14% in 2023, followed by Flakes.
Based on Application, market is studied across Agriculture, Animal Feed, Cosmetics & Personal Care, Human Food, and Pharmaceutical. The Human Food commanded largest market share of 39.20% in 2023, followed by Pharmaceutical.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.92% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Commercial Seaweeds Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Commercial Seaweeds Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Commercial Seaweeds Market, highlighting leading vendors and their innovative profiles. These include Acadian Seaplants Limited, ALGOLESKO, Atlantic Sea Farms, AtSeaNova, Biostadt India Limited, Brandt Consolidated, Inc., Cargill, Inc., Cascadia Seaweed Corp., CJ CheilJedang Corp., CP Kelco U.S., Inc., Dalian Kowa Foods Co., Ltd., DuPont de Nemours, Inc., Gelymar S.A., Gimme Health Foods, Inc., Groupe Roullier, Indigrow Ltd., Kelp Industries Pty. Ltd., Mara Seaweed Ltd., Pacific Harvest, Qingdao Judayang Algae Industry Group Co., Ltd., Qingdao Seawin Biotech Group Co., Ltd., Seasol International Pty. Ltd., The Cornish Seaweed Company, The Seaweed Company, and W Hydrocolloids, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Commercial Seaweeds Market, by Type
7. Commercial Seaweeds Market, by Form
8. Commercial Seaweeds Market, by Application
9. Americas Commercial Seaweeds Market
10. Asia-Pacific Commercial Seaweeds Market
11. Europe, Middle East & Africa Commercial Seaweeds Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Commercial Seaweeds Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Commercial Seaweeds Market?
3. What is the competitive strategic window for opportunities in the Commercial Seaweeds Market?
4. What are the technology trends and regulatory frameworks in the Commercial Seaweeds Market?
5. What is the market share of the leading vendors in the Commercial Seaweeds Market?
6. What modes and strategic moves are considered suitable for entering the Commercial Seaweeds Market?
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