Seaweed Market Size Worth USD 18.36 Billion Globally by 2033 at a CAGR of 8.17%

Market Overview:

The Seaweed Market is experiencing significant expansion, driven by Rising Demand in the Food and Beverage Industry, Growing Awareness about Health Benefits and Expanding Applications in Pharmaceuticals and Cosmetics. According to IMARC Group's latest research publication, "Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global seaweed market size was valued at USD 9.01 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 18.36 Billion by 2033, exhibiting a CAGR of 8.17% from 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

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Our Report Includes:

● Market Dynamics
● Market Trends and Outlook
● Competitive Analysis
● Industry Segmentation
● Strategic Recommendations

Growth Factors in the Seaweed Industry:

● Rising Demand in the Food and Beverage Industry

The seaweed market outlook is further strengthened by the increasing use of seaweeds in the food and beverages industry, as it is growing in appeal among health-conscious consumers who are looking for healthy and sustainable food options. Seaweeds are used as a flavoring agent, texturizing agent, food additive, and in snacks, sauces, condiments, and sushi. The seaweed seasonings market may be driven by the increasing use of seaweed for treating cough, fever, and infections caused by fungus, as it has a faster action than other antimicrobials. As per research, the potential of seaweed to increase the bioavailability of nutrients by up to 40% in food products may also drive the market. During recent years, several major players in the market have started investing more in seaweed cultivation technologies, and in high quality seaweed products for their customers. An example of this is the seaweed powder range WavePure, developed by the American multinational food corporation Cargill, using native seaweed and no chemical modification. Cargill's WavePure ADG is a blend of the Gracilaria seaweeds helping provide stabilization, and give good body and mouthfeel in dairy and plant-based dairy alternative applications.

● Growing Awareness about Health Benefits

Rising knowledge about the nutritional composition of seaweed, which consists of vitamins, minerals, and is also a good source of antioxidants, is expected to drive growth of the seaweed market share. Seaweed has many vitamins, minerals, dietary fiber, and bioactive compounds within. Omega-3 polyunsaturated fatty acids exist at a level that may reach 40% of total fatty acids by weight. Omega-6 polyunsaturated fatty acids exist at a level that may reach 10% of total fatty acids by weight. They are the most popular polyunsaturated fatty acids. Seaweeds contain prominent concentrations of polyphenols, sterols, and pigments including fucoxanthin with cholesterol-lowering effects. Seaweeds reportedly benefit immunity and gut health and help maintain cardiovascular health and prevent cancer. Researchers at the University of Coimbra and the University of Aveiro in Portugal studied seaweed-derived compounds and identified their roles for discovering drugs and for developing new materials and products. The research describes the processes leading to a seaweed extract being accepted as a medicinal entity and the subsequent marketability of the product.

● Expanding Applications in Pharmaceuticals and Cosmetics

Increased seaweed extract usage should drive the seaweed market in the pharmaceutical and personal care industries. People see product benefits. Seaweed is a source for bioactive compounds like phlorotannins, fucoidan, alginates, etc., giving multiple benefits, like antioxidant, anti-inflammatory, and moisturizing properties. Besides the activities within the agri-food sector many pharmaceutical and nutraceutical companies are investigating the potential for pharmacological and nutraceutical applications for seaweeds in the pharmaceutical and nutraceutical industry. A product named as CadalminTM LivCure extract developed by ICAR-Central Marine Fisheries Research Institute (CMFRI) with seaweeds is soon going to be available for marketing to treat non-alcoholic fatty liver disease. The bioactive components are obtained entirely from certain species of seaweed and is the ninth nutraceutical developed by CMFRI using green technology for improved liver health. Other metabolites such as carotenoids, amino acids, pigments, polysaccharides, and Stoneman obtained from seaweeds are used in the formulation of skincare products such as moisturizers, anti-wrinkle agents, texture enhancers, sunscreens, and anti-UV products.

Key Trends in the Seaweed Market

● Increasing Consumer Demand for Plant-Based Products

The global seaweed market is predicted to grow at a large rate due to high demand for plant-based products, increased consumption of clean and sustainable food, and the nutritious and environmental benefits of seaweed. A 2023 World Bank report states the seaweed industry is a core part of a sustainable blue economy and identified ten high-potential seaweed markets which may increase by USD 11.8 Billion by 2030. According to the World Bank, the total global market of seaweed has increased from USD5 billion in 2000 to USD17 billion in 2021. Another driver for the sector is the increasing consumption of seaweeds in the Western world. The growth is predominantly driven by the rapid increase in the popularity of plant-based diets and the use of seaweed in food products, and the versatility of seaweed products in the food industry, in addition to its health benefits.

● Dominance of Aquaculture Environment

Aquaculture is the predominant market in this segment, capturing 97.4% of the overall market share. The aquaculture environment can be defined as an environment in which aquatic organisms grow under controlled conditions, and the principles and methods for raising these organisms are intensively optimized to be more productive and efficient than possible in nature. According to IMARC, the global aquaculture markets were estimated at 79.3 Million Tons in 2023 and are projected to reach 116.6 Million Tons by 2032, at a CAGR of 4.2% during 2024-2032. Apart from providing a solution to the concerns of overfishing, aquaculture also solves the depletion of the wild fish stock. Since this is happening in the wild shores, aquaculture provides a better solution to the increasing demand for seafoods due to regulated, safe and quantified environment of fish and shellfish farming.

● Red Seaweed Leading Product Segment

Commercially more important, the red seaweed is used in food & beverages, pharmaceuticals, nutraceuticals, feed, cosmetics, and agriculture. Red seaweed is often sold processed for carrageenan, a gelling and stabilizing agent extracted from it. This is one of the major factors driving the growth of the segment in the global market. Other applications, practice in the food and beverage industry, as well as the emerging applications in agriculture, have been the assets that will be contributing to this section. In July 2022, a report published in Wiley Open Library indicated that carrageenans and oligo-carrageenans, polysaccharides from red seaweeds, improve the growth of some plants by inducing changes in key physiological and biochemical processes.

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Leading Companies Operating in the Global Seaweed Industry:

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

Seaweed Market Report Segmentation:

Breakup by Environment:

● Aquaculture
● Wild Harvest

Aquaculture dominates the market with 97.4% share due to controlled and optimized conditions for cultivation of aquatic organisms, allowing for higher productivity and efficiency compared to wild harvesting.

Breakup by Product:

● Red
● Brown
● Green

Red leads the market by product owing to its wide range of applications across various industries including food and beverages, pharmaceutical, and nutraceutical.

Breakup by Application:

● Processed Food
● Direct Human Consumption
● Hydrocolloids
● Fertilizers
● Animal Feed Fertilizers
● Others

Processed foods leads the market with 51.5% share due to the rising demand for seaweed-based snacks, seasonings, and food enhancers, particularly in regions embracing global cuisines.

Breakup by Region:

● Asia Pacific (China, Indonesia, Philippines, South Korea, Malaysia, Vietnam)
● North America (United States, Canada)
● Europe (France, Italy, Spain, Russia)
● Latin America (Brazil, Mexico, Argentina, Chile, Peru)
● Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)

Asia Pacific leads the market with 63.0% share driven by its long history of seaweed cultivation and consumption, abundant coastal resources and favorable climatic conditions, growing awareness about health benefits, technological advancements, and the region's government support.

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This release was published on openPR.