Commercial Seaweed Market Size is projected to reach USD 11.82 billion by 2031, growing at a CAGR of 2%: Straits Research

New York, United States, June 14, 2023 (GLOBE NEWSWIRE) — Globally, seaweeds are widely used in a variety of food products. Seaweed is traditionally consumed as food in China, Japan, and South Korea. In addition, it is gaining popularity in western nations due to its health benefits, as seaweeds contain vitamins, minerals, and fibers, increasing consumer demand. In addition, seaweed harvesting has increased due to the rising demand for seaweed-based products. It is anticipated that the rising demand for seaweeds in the production of hydrocolloids such as agar, alginate, and carrageenan will increase the demand for seaweeds. Agar, alginate, and carrageenan are premium seaweed hydrocolloids utilized as gelation and thickening agents in various food, pharmaceutical, and biotechnology applications.

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Growing Usage of Seaweeds in the Food Processing Industry to Drive the Global Commercial Seaweed Market

Globally, seaweeds are widely employed in a variety of food products. Seaweed is traditionally consumed as food in China, Japan, and South Korea. However, as consumers from these countries have migrated to other regions of the world, the demand for seaweed as a food source has followed them, as evidenced by the rising demand in some areas of the United States and South America, where the Asian population represents 5.4% of the total population and is still growing. Some French government and commercial organizations have successfully promoted seaweeds for restaurant and domestic use. In some developing countries with a tradition of consuming fresh seaweeds as vegetables and in salads, there exists an informal market among coastal residents.

Numerous studies have evaluated individual seaweeds’ gelling, thickening, and therapeutic properties. This also emphasizes the nutritional, textural, sensory, and health benefits of food products containing seaweed and extracts. In the food and beverage industry, the influence of seaweed incorporation on meat, fish, bakery, and other food products has increased dramatically. According to recent data cited by the United Nations Commodity Trade, the export/import value of seaweed (2012-2020) and other forms of algae for human consumption in Europe has increased consistently, indicating a rise in the use of seaweed ingredients in the food processing industry in Europe and the global market.

Increased Demand of Seaweed in the Personal Care Industry to Provide Opportunities for the Global Commercial Seaweed Market

The increasing use of seaweed in beauty and personal care products is due to its effectiveness as a natural treatment for curly hair and long-lasting skin moisturizer. In addition, the skin benefits of these extracts and their compatibility with new consumer demands for natural products in personal care products have led to a recent increase in ingredient claims. A rich combination of nutrients, including Vitamin B12, iodine, and phenols, confers emollient and purifying properties to seaweed. It is used in rejuvenating skincare formulations beneficial for oily and acne-prone skin. Additionally, the use of seaweed powder in hair care increases hair volume. In addition, seaweed powder can be incorporated into detoxifying baths and spa treatments, moisturizing creams, lotions, exfoliating soaps, scrubs, cleansers, and hair masks.

Seaweed powder, a common ingredient in natural body care products and vegan blends, is easily absorbed and imparts hydrating properties to formulations. It is a highly valued ingredient in formulations promoting healthy skin appearance. Additionally, it is commonly found in detoxifying bath, spa, and hair care products that help maintain the body and bounce. Seaweed has a variety of applications in natural beauty products, both for enhancing the blends’ integrity and their beneficial properties. It is utilized in emulsions as a binder to help stabilize the formulation and improve its texture. All of these factors contribute to market growth.

Report Scope

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Regional Insights

By Region, the global commercial seaweed market is segmented into North America, Europe, Asia Pacific, South America, the Middle East & Africa.

Asia Pacific dominated the market and is estimated to grow at a CAGR of 9.8% during the forecast period. China is one of the top edible seaweed producers in the Asian region. Laminaria, Undaria, Porphyra, Gelidium, Gracilaria, Eucheuma, and Macrocystis are the predominant seaweed species with commercial importance in the nation. China’s national and provincial governments supported the development of the seaweed industry with policies, finances, funds, onshore and offshore farming areas, freshwater resources, etc. China’s national government initiated industry reorganization in response to pressing environmental and ecological concerns, such as the impact of rising air and water pollution on offshore industries. Due to this factor, the national government intended to reorganize the layout of offshore seaweed farming and its industrial processing, which drives market expansion.

North America is the second largest region. It is estimated to reach an expected at a CAGR of 5.8%. Seaweed products are gaining popularity in the United States, as grocery stores, club stores, and restaurants across the country offer them. A growing number of fresh and dried seaweed products are on the market. In addition, an increasing number of products are grown and processed in the United States, even though the market is dominated by seaweed suppliers based in Asia. Seaweeds are considered nutritious greens due to their high mineral content, essential amino acids, and protein content. They are considered the nation’s new “superfood” The country’s health-conscious consumers are aware of the benefits of low-calorie foods, such as lowering blood pressure and preventing obesity. Diverse demographic groups in the United States, especially millennials, are developing increasingly adventurous tastes. These groups appreciate the umami flavor that seaweeds add to foods. Due to the nutritional value, high protein content, and health benefits of seaweed, many entrepreneurs are developing new business models, farming methods, technologies, and designs that incorporate environmental sustainability and ocean biodiversity to capitalize on seaweed farming nationwide.

Europe is the third largest region. Due to the expanded food and beverage applications, including meat and meat processing, dairy, confectionery, baked products, and alcoholic beverages, the commercial seaweed market in Germany grew at the quickest rate during the projected period and is likely to continue growing at the same rate. Being naturally formed from algae and marine plants, seaweed-based hydrocolloids are frequently utilized in various plant-based food and beverage applications, including everything from vegetarian sausage casings to vegan beverages. In the surge of clean-label, organic, and vegan products in Germany, producers favor seaweed as a thickening and gelling ingredient, which helps the finished products get the necessary label. Carrageenan is one of the most common types of seaweed utilized by food and beverage manufacturers as a gelling agent for, thickening agent for soups and sauce, jellies and puddings, stabilizing agent for ice cream, whipped cream, and beer foam, emulsifier for milk products, cocoa-drinks, and for clarifying beer. The sustainable nature of seaweed extraction and processing makes it an unavoidable alternative for manufacturers of end-user products seeking to improve their overall sustainability.

Key Highlights

• The global commercial seaweed market size is estimated to reach an expected value of USD 11.82 billion by 2031, witnessing a CAGR of 2% during the forecast period (2022-2031).
• By type, the global commercial seaweed market is segmented into brown seaweed, green seaweed, and red seaweed. The brown seaweed segment accounted for the largest market share and is estimated to grow at a CAGR of 8.2% during the forecast period.
• By application, the global commercial seaweed market is segmented into food and beverage, dietary supplement, pharmaceuticals, and other applications. The food and beverage segment accounted for the largest market share and is estimated to grow at a CAGR of 7.7% during the forecast period. 

Key companies in the global commercial seaweed market are

1. Cargill Incorporated
2. International Flavors & Fragrances Inc
3. Acadian Seaplants Limited
4. J.M. Huber Corporation
5. Seasol International
6. Maabarot Products Ltd
7. Extractos Naturales Gelymar SA
8. ChemChina (Algea, the Arctic Company)
9. Groupe Roullier (Nuwen)
10. Leili Group, Seaweed
11. GF Food Hydrocolloid Marine Science Co. Ltd

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Global Commercial Seaweed Market: Segmentation

By Type

• Brown Seaweed
• Green Seaweed
• Red Seaweed

By Application

• Food and Beverage
• Dietary Supplement
• Pharmaceuticals
• Other Applications

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. MARKET OPPORTUNITY ASSESSMENT
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. MARKET TRENDS
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. MARKET ASSESSMENT
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Raw Material Analysis
   4. Sales And Distribution Channel Analysis
   5. Trade Analysis
   6. M & A Agreements & Collabration Analysis
   7. Export Import Analysis
   8. Cost Structure Analysis
6. ESG TRENDS
7. GLOBAL COMMERCIAL SEAWEED MARKET SIZE ANALYSIS
   1. Global Commercial Seaweed Market Introduction
   2. By Type
      1. Introduction
         1. Type By Value
      2. Red Seaweed
         1. By Value
      3. Brown Seaweed
         1. By Value
      4. Green Seaweed
         1. By Value
   3. By Form
      1. Introduction
         1. Form By Value
      2. Liquid
         1. By Value
      3. Powder
         1. By Value
      4. Flakess
         1. By Value
   4. By End-User
      1. Introduction
         1. End-User By Value
      2. Food & Beverage Industry
         1. By Value
         2. Bakery Products
            1. Bakery Products By Value
         3. Confectionery Products
            1. Confectionery Products By Value
         4. Dairy Products
            1. Dairy Products By Value
         5. Meat & Poultry Products
            1. Meat & Poultry Products By Value
         6. Others (Salads, Soups, And Beverages)
            1. Others (Salads, Soups, And Beverages) By Value
      3. Agriculture
         1. By Value
      4. Pharmaceutical
         1. By Value
      5. Animal Feed
         1. By Value
      6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
         1. By Value
8. NORTH AMERICA MARKET ANALYSIS
   1. Introduction
   2. By Type
      1. Introduction
         1. Type By Value
      2. Red Seaweed
         1. By Value
      3. Brown Seaweed
         1. By Value
      4. Green Seaweed
         1. By Value
   3. By Form
      1. Introduction
         1. Form By Value
      2. Liquid
         1. By Value
      3. Powder
         1. By Value
      4. Flakess
         1. By Value
   4. By End-User
      1. Introduction
         1. End-User By Value
      2. Food & Beverage Industry
         1. By Value
         2. Bakery Products
            1. Bakery Products By Value
         3. Confectionery Products
            1. Confectionery Products By Value
         4. Dairy Products
            1. Dairy Products By Value
         5. Meat & Poultry Products
            1. Meat & Poultry Products By Value
         6. Others (Salads, Soups, And Beverages)
            1. Others (Salads, Soups, And Beverages) By Value
      3. Agriculture
         1. By Value
      4. Pharmaceutical
         1. By Value
      5. Animal Feed
         1. By Value
      6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
         1. By Value
   5. U.S.
      1. By Type
         1. Introduction
            1. Type By Value
         2. Red Seaweed
            1. By Value
         3. Brown Seaweed
            1. By Value
         4. Green Seaweed
            1. By Value
      2. By Form
         1. Introduction
            1. Form By Value
         2. Liquid
            1. By Value
         3. Powder
            1. By Value
         4. Flakess
            1. By Value
      3. By End-User
         1. Introduction
            1. End-User By Value
         2. Food & Beverage Industry
            1. By Value
            2. Bakery Products
               1. Bakery Products By Value
            3. Confectionery Products
               1. Confectionery Products By Value
            4. Dairy Products
               1. Dairy Products By Value
            5. Meat & Poultry Products
               1. Meat & Poultry Products By Value
            6. Others (Salads, Soups, And Beverages)
               1. Others (Salads, Soups, And Beverages) By Value
         3. Agriculture
            1. By Value
         4. Pharmaceutical
            1. By Value
         5. Animal Feed
            1. By Value
         6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
            1. By Value
   6. Canada
9. EUROPE MARKET ANALYSIS
   1. Introduction
   2. By Type
      1. Introduction
         1. Type By Value
      2. Red Seaweed
         1. By Value
      3. Brown Seaweed
         1. By Value
      4. Green Seaweed
         1. By Value
   3. By Form
      1. Introduction
         1. Form By Value
      2. Liquid
         1. By Value
      3. Powder
         1. By Value
      4. Flakess
         1. By Value
   4. By End-User
      1. Introduction
         1. End-User By Value
      2. Food & Beverage Industry
         1. By Value
         2. Bakery Products
            1. Bakery Products By Value
         3. Confectionery Products
            1. Confectionery Products By Value
         4. Dairy Products
            1. Dairy Products By Value
         5. Meat & Poultry Products
            1. Meat & Poultry Products By Value
         6. Others (Salads, Soups, And Beverages)
            1. Others (Salads, Soups, And Beverages) By Value
      3. Agriculture
         1. By Value
      4. Pharmaceutical
         1. By Value
      5. Animal Feed
         1. By Value
      6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
         1. By Value
   5. U.K.
      1. By Type
         1. Introduction
            1. Type By Value
         2. Red Seaweed
            1. By Value
         3. Brown Seaweed
            1. By Value
         4. Green Seaweed
            1. By Value
      2. By Form
         1. Introduction
            1. Form By Value
         2. Liquid
            1. By Value
         3. Powder
            1. By Value
         4. Flakess
            1. By Value
      3. By End-User
         1. Introduction
            1. End-User By Value
         2. Food & Beverage Industry
            1. By Value
            2. Bakery Products
               1. Bakery Products By Value
            3. Confectionery Products
               1. Confectionery Products By Value
            4. Dairy Products
               1. Dairy Products By Value
            5. Meat & Poultry Products
               1. Meat & Poultry Products By Value
            6. Others (Salads, Soups, And Beverages)
               1. Others (Salads, Soups, And Beverages) By Value
         3. Agriculture
            1. By Value
         4. Pharmaceutical
            1. By Value
         5. Animal Feed
            1. By Value
         6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
            1. By Value
   6. Germany
   7. France
   8. Spain
   9. Italy
   10. Russia
   11. Nordic
   12. Benelux
   13. Rest Of Europe
10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Type
       1. Introduction
          1. Type By Value
       2. Red Seaweed
          1. By Value
       3. Brown Seaweed
          1. By Value
       4. Green Seaweed
          1. By Value
    3. By Form
       1. Introduction
          1. Form By Value
       2. Liquid
          1. By Value
       3. Powder
          1. By Value
       4. Flakess
          1. By Value
    4. By End-User
       1. Introduction
          1. End-User By Value
       2. Food & Beverage Industry
          1. By Value
          2. Bakery Products
             1. Bakery Products By Value
          3. Confectionery Products
             1. Confectionery Products By Value
          4. Dairy Products
             1. Dairy Products By Value
          5. Meat & Poultry Products
             1. Meat & Poultry Products By Value
          6. Others (Salads, Soups, And Beverages)
             1. Others (Salads, Soups, And Beverages) By Value
       3. Agriculture
          1. By Value
       4. Pharmaceutical
          1. By Value
       5. Animal Feed
          1. By Value
       6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
          1. By Value
    5. China
       1. By Type
          1. Introduction
             1. Type By Value
          2. Red Seaweed
             1. By Value
          3. Brown Seaweed
             1. By Value
          4. Green Seaweed
             1. By Value
       2. By Form
          1. Introduction
             1. Form By Value
          2. Liquid
             1. By Value
          3. Powder
             1. By Value
          4. Flakess
             1. By Value
       3. By End-User
          1. Introduction
             1. End-User By Value
          2. Food & Beverage Industry
             1. By Value
             2. Bakery Products
                1. Bakery Products By Value
             3. Confectionery Products
                1. Confectionery Products By Value
             4. Dairy Products
                1. Dairy Products By Value
             5. Meat & Poultry Products
                1. Meat & Poultry Products By Value
             6. Others (Salads, Soups, And Beverages)
                1. Others (Salads, Soups, And Beverages) By Value
          3. Agriculture
             1. By Value
          4. Pharmaceutical
             1. By Value
          5. Animal Feed
             1. By Value
          6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
             1. By Value
    6. Korea
    7. Japan
    8. India
    9. Australia
    10. Taiwan
    11. South East Asia
    12. Rest Of Asia-Pacific
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Type
       1. Introduction
          1. Type By Value
       2. Red Seaweed
          1. By Value
       3. Brown Seaweed
          1. By Value
       4. Green Seaweed
          1. By Value
    3. By Form
       1. Introduction
          1. Form By Value
       2. Liquid
          1. By Value
       3. Powder
          1. By Value
       4. Flakess
          1. By Value
    4. By End-User
       1. Introduction
          1. End-User By Value
       2. Food & Beverage Industry
          1. By Value
          2. Bakery Products
             1. Bakery Products By Value
          3. Confectionery Products
             1. Confectionery Products By Value
          4. Dairy Products
             1. Dairy Products By Value
          5. Meat & Poultry Products
             1. Meat & Poultry Products By Value
          6. Others (Salads, Soups, And Beverages)
             1. Others (Salads, Soups, And Beverages) By Value
       3. Agriculture
          1. By Value
       4. Pharmaceutical
          1. By Value
       5. Animal Feed
          1. By Value
       6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
          1. By Value
    5. UAE
       1. By Type
          1. Introduction
             1. Type By Value
          2. Red Seaweed
             1. By Value
          3. Brown Seaweed
             1. By Value
          4. Green Seaweed
             1. By Value
       2. By Form
          1. Introduction
             1. Form By Value
          2. Liquid
             1. By Value
          3. Powder
             1. By Value
          4. Flakess
             1. By Value
       3. By End-User
          1. Introduction
             1. End-User By Value
          2. Food & Beverage Industry
             1. By Value
             2. Bakery Products
                1. Bakery Products By Value
             3. Confectionery Products
                1. Confectionery Products By Value
             4. Dairy Products
                1. Dairy Products By Value
             5. Meat & Poultry Products
                1. Meat & Poultry Products By Value
             6. Others (Salads, Soups, And Beverages)
                1. Others (Salads, Soups, And Beverages) By Value
          3. Agriculture
             1. By Value
          4. Pharmaceutical
             1. By Value
          5. Animal Feed
             1. By Value
          6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
             1. By Value
    6. Turkey
    7. Saudi Arabia
    8. South Africa
    9. Egypt
    10. Nigeria
    11. Rest Of MEA
12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Type
       1. Introduction
          1. Type By Value
       2. Red Seaweed
          1. By Value
       3. Brown Seaweed
          1. By Value
       4. Green Seaweed
          1. By Value
    3. By Form
       1. Introduction
          1. Form By Value
       2. Liquid
          1. By Value
       3. Powder
          1. By Value
       4. Flakess
          1. By Value
    4. By End-User
       1. Introduction
          1. End-User By Value
       2. Food & Beverage Industry
          1. By Value
          2. Bakery Products
             1. Bakery Products By Value
          3. Confectionery Products
             1. Confectionery Products By Value
          4. Dairy Products
             1. Dairy Products By Value
          5. Meat & Poultry Products
             1. Meat & Poultry Products By Value
          6. Others (Salads, Soups, And Beverages)
             1. Others (Salads, Soups, And Beverages) By Value
       3. Agriculture
          1. By Value
       4. Pharmaceutical
          1. By Value
       5. Animal Feed
          1. By Value
       6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
          1. By Value
    5. Brazil
       1. By Type
          1. Introduction
             1. Type By Value
          2. Red Seaweed
             1. By Value
          3. Brown Seaweed
             1. By Value
          4. Green Seaweed
             1. By Value
       2. By Form
          1. Introduction
             1. Form By Value
          2. Liquid
             1. By Value
          3. Powder
             1. By Value
          4. Flakess
             1. By Value
       3. By End-User
          1. Introduction
             1. End-User By Value
          2. Food & Beverage Industry
             1. By Value
             2. Bakery Products
                1. Bakery Products By Value
             3. Confectionery Products
                1. Confectionery Products By Value
             4. Dairy Products
                1. Dairy Products By Value
             5. Meat & Poultry Products
                1. Meat & Poultry Products By Value
             6. Others (Salads, Soups, And Beverages)
                1. Others (Salads, Soups, And Beverages) By Value
          3. Agriculture
             1. By Value
          4. Pharmaceutical
             1. By Value
          5. Animal Feed
             1. By Value
          6. Others (Wastewater Treatment, Cosmetics, Biomass For Fuel, And Integrated Aquaculture)
             1. By Value
    6. Mexico
    7. Argentina
    8. Chile
    9. Colombia
    10. Rest Of LATAM
13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Commercial Seaweed Market Share By Manufacturers
    3. Commercial Seaweed Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. MARKET PLAYERS ASSESSMENT
    1. Seasonal International Pty Ltd (Australia)
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments
    2. Indigrow Ltd (England)
    3. Cp Kelco (India)
    4. Chase Organics GB Ltd. (Great Britain)
    5. Yan Cheng Hairui Food Co. Ltd. (China)
    6. Arcadian Seaplants Ltd. (Canada)
    7. Mara Seaweed (Scotland)
    8. Pacific Harvest (New Zealand)
    9. BIOSTADT INDIA LIMITED (India)
    10. Aquatic Chemicals (India)
    11. Algea AS (Norway)
    12. W Hydrocolloids Inc. (Philippines)
    13. Qingdao Seawin Biotech Group Co. Ltd. (China)
    14. Marcel Carrageenan (Philippines)
    15. FMC BioPolymer AS (United States)
    16. DowDuPont (United States)
    17. Cargill (United States)
    18. COMPO EXPERT (Germany)
    19. Roullier Group (France)
    20. BRANDT (United States)
    21. Gelymar (Chile)
    22. Algaia (France)
    23. CEAMSA (Spain)
    24. Seawin Biotech (China)
15. RESEARCH METHODOLOGY
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/commercial-seaweed-market/toc

Market News

• November 2022 – Cargill and CARE International signed a Memorandum of Understanding (MoU) for a two-year program, ‘She Thrives,’ at a ceremony held in Hanoi today. ‘She Thrives’ aims to improve sustainable livelihoods among rural smallholders, particularly women and ethnic minorities from Dak Lak province in Vietnam, by connecting farmers and producers to the tools and resources they need to enhance their livelihoods sustainably.
• October 2022 – Cargill and its partner Naturisa S.A. have agreed to form a new joint venture with Skyvest EC Holding S.A. to meet the rising demand for high-quality shrimp feed among Ecuadorian shrimp farmers.

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