Press release
Commercial Seaweed Market: A Swift Growth Trajectory from $21.88 Billion to $38.94 Billion by 2029
Commercial Seaweed Market Research
Key trends and growth drivers shape the corporate seaweed market's robust trajectory with a CAGR of 12.7% (2024-25) and 12.1% (2025-29).
What Is The Projected Market Size Of The Global Commercial Seaweed Market And Its Growth Rate?
• The commercial seaweed market has grown from $21.88 billion in 2024 to $24.65 billion in 2025 at a compound annual growth rate (CAGR) of 12.7%
• The growth in the historic period witnessed an increased demand in the food industry, cosmetic and personal care applications, and biofuel production
• The market is expected to see a significant growth to $38.94 billion in 2029 at a compound annual growth rate (CAGR) of 12.1%
What Is Driving The Growth In The Commercial Seaweed Market?
The global commercial seaweed market growth is being driven by an increasing consumption of plant-based products. Seaweed used in the manufacturing of plant-based foods helps to increase the protein content in these products. For instance, the U.S. retail market for plant-based foods reached a value of $8 billion in 2022, showing a 7% increase in dollar sales compared to the previous year. This rising consumer consumption is propelling the commercial seaweed market growth.
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Who Are the Key Players Driving Commercial Seaweed Market Growth?
• Cargill Inc.
• CP Kelco U.S. Inc.
• Acadian Seaplants Limited
• Gelymar SA
• Extractos Naturales Gelymar S.A.
• Seasol International
• Indigrow Ltd.
• Ocean Harvest Technology Limited
• AquAgri Processing Pvt. Ltd.
• West Coast Marine Bio-Processing Corp.
What Are The Key Trends In The Commercial Seaweed Market?
• Seaweed-based biostimulants
• Innovation in seaweed-based food products
• Seaweed-based packaging materials
• Collaborations for sustainable seaweed sourcing
• Carbon sequestration
What Are The Segments Of The Global Commercial Seaweed Market?
• By Product: Brown Seaweeds, Red Seaweeds, Green Seaweeds
• By Type: Liquid, Powdered, Flakes
• By End User: Food And Beverages, Agricultural Products, Animal Feed Additives, Pharmaceuticals
Which Region Leads The Commercial Seaweed Market?
Asia-Pacific was the largest region in the commercial seaweed market in 2024, and the region also includes Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Commercial Seaweed Market Global Market Report?
Market Size Analysis: Analyze the Commercial Seaweed Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Commercial Seaweed Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Commercial Seaweed Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Commercial Seaweed Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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