Commercial Seaweed Market Size, Share & Growth Report | 2031

Segments - Global Commercial Seaweed Market by Product Types (Brown Seaweed, Red Seaweed, Green Seaweed), Applications (Food & Beverages, Pharmaceuticals, Dietary Supplements, Other Application), Regions (North America [United States, Canada, Mexico, Rest of the North America], Europe [Germany, United Kingdom, Spain, Italy, France, Russia, Rest of the Europe], Asia Pacific [China, Japan, India, Australia, Rest of the Asia Pacific], South America [Brazil, Colombia, Rest of South America], Middle East and Africa [South Africa, United Arab Emirates, Rest of Middle East and Africa])- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The global commercial seaweed market is anticipated to grow at a significant CAGR during the forecast period 2021-2028. The growth of market is attributed to functional and packed with health benefits of edible seaweed.

Global Commercial Seaweed Market summary

The most of the produced seaweed is been used on the commercial basis by food industry, which is estimated to hold the large share of the market comparative to others such as feed, fertilizer, and hydrocolloids.

Recently the demand for the seaweed has risen considerably one of the major factor is weight loss claim, seaweed get rehydrates when in contact with liquid, when consumed it swells up in stomach which keeps people full for rest of the day.

At present seaweed is gaining extreme demand worldwide not only for its staple diet, nutritive food item, and food flavor enhancer but also for their weight loss property, for the sole reason the consumption of the seaweed has elevated by 125% solely in United Kingdom.

Growing awareness pertaining to the health benefits of the product has drastically escalated the demand for the product as food and snacks.

The Covid-19 pandemic affected the demand and supply of global commercial seaweed market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

Increasing awareness of health benefits mainly weight loss is expected to boost the market in the coming years.
Growing awareness regarding seaweeds caliber to combat corona virus encouraged by WHO is estimated to drive the market during the forecast period.
Increasing demand of seaweed in the food industry is anticipated to propel the market during the projected period.
Rising popularity of seaweed for food enhancer, staple diet, and nutritive food is expected to fuel the market in the coming years.
High cost in cultivation of seaweed owing to increasing water pollution and direct emission of industrial waste in waters act as one of the factor that can hinder the market growth.
Lack of demand of raw materials and downfall in prices due to COVID-19 outbreak possess a challenge that can hamper the market growth during the projected period.

Scope of the market

The report global commercial seaweed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Commercial seaweed market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Product Types (Brown Seaweed, Red Seaweed, Green Seaweed), Applications (Food & Beverages, Pharmaceuticals, Dietary Supplements, Other Application)
Regional Scope	North America [United States, Canada, Mexico, Rest of the North America], Europe [Germany, United Kingdom, Spain, Italy, France, Russia, Rest of the Europe], Asia Pacific [China, Japan, India, Australia, Rest of the Asia Pacific], South America [Brazil, Colombia, Rest of South America], Middle East and Africa [South Africa, United Arab Emirates, Rest of Middle East and Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	DuPont; Cargill, Incorporated; Brandt Consolidated, Inc; Acadian Seaplants; CP Kelco U.S. Inc.

Market Segment Insights

The red seaweed segment is expected to exhibit high CAGR

Based on the product types, the market is categorized into brown seaweed, red seaweed, and green seaweed. The red seaweed segment is expected to exhibit high CAGR is the coming years owing to easy availability of the weed and wide application usage it is rich source of vitamins and proteins which makes red seaweed a great source of alternative protein, and also widely used in food processing.

The food & beverages segment is anticipated to hold large market share

On the basis of applications, the market is fragmented into food & beverages, pharmaceuticals, dietary supplements, and others. The food & beverages segment is anticipated to hold large market share due to abundance of protein content in seaweed act as an alternative source of protein which can be used to fulfill the demand for the protein globally, also increasing number of vegan products consumers are driving the segment. On the other hand dietary supplements segment is estimated to grow at robust rate owing to weight loss property claimed by the seaweed consumers.

Global Commercial Seaweed Market application

Asia Pacific is anticipated to dominate the market

In the terms of regions, the market is classified as North America [United States, Canada, Mexico, Rest of the North America], Europe [Germany, United Kingdom, Spain, Italy, France, Russia, Rest of the Europe], Asia Pacific [China, Japan, India, Australia, Rest of the Asia Pacific], South America [Brazil, Colombia, Rest of South America], Middle East and Africa [South Africa, United Arab Emirates, Rest of Middle East and Africa]. Asia Pacific is anticipated to dominate the market during the projected period owing to countries like China, South Korea, and Japan are considered one of the major producers of seaweed in all the regions and now being cultivated all over the continent.

Segments

The global commercial seaweed market has been bifurcated on the basis of

Product types

Brown Seaweed
Red Seaweed
Green Seaweed

Applications

Food & Beverages
Pharmaceuticals
Dietary Supplements
Others

Regions

North America
- United States
- Canada
- Mexico
- Rest of the North America
Europe
- Germany
- United Kingdom
- Spain
- Italy
- France
- Russia
- Rest of the Europe
Asia Pacific
- China
- Japan
- India
- Australia
- Rest of the Asia Pacific
South America
- Brazil
- Colombia
- Rest of South America
Middle East & Africa
- South Africa
- United Arab Emirates
- Rest of Middle East and Africa

Key Players

DuPont
Cargill, Incorporated
Brandt Consolidated, Inc.
Acadian Seaplants
CP Kelco U.S. Inc.

Competitive Landscape

Key players competing in the global commercial seaweed market include DuPont; Cargill, Incorporated; Brandt Consolidated, Inc; Acadian Seaplants; CP Kelco U.S. Inc.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Global Commercial Seaweed Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Seaweed Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Commercial Seaweed Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Commercial Seaweed Market - Supply Chain
  4.5. Global Commercial Seaweed Market Forecast
     4.5.1. Commercial Seaweed Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Commercial Seaweed Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Commercial Seaweed Market Absolute $ Opportunity
5. Global Commercial Seaweed Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Commercial Seaweed Market Size and Volume Forecast by Types
     5.3.1. Brown Seaweed
     5.3.2. Red Seaweed
     5.3.3. Green Seaweed
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Commercial Seaweed Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Commercial Seaweed Market Size and Volume Forecast by Applications
     6.3.1. food & beverages
     6.3.2. pharmaceuticals
     6.3.3. dietary supplements
     6.3.4. others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Commercial Seaweed Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Commercial Seaweed Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Commercial Seaweed Demand Share Forecast, 2019-2026
8. North America Commercial Seaweed Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Commercial Seaweed Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Commercial Seaweed Market Size and Volume Forecast by Types
     8.4.1. Brown Seaweed
     8.4.2. Red Seaweed
     8.4.3. Green Seaweed
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Commercial Seaweed Market Size and Volume Forecast by Applications
     8.7.1. food & beverages
     8.7.2. pharmaceuticals
     8.7.3. dietary supplements
     8.7.4. others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Commercial Seaweed Demand Share Forecast, 2019-2026
9. Latin America Commercial Seaweed Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Commercial Seaweed Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Commercial Seaweed Market Size and Volume Forecast by Types
     9.4.1. Brown Seaweed
     9.4.2. Red Seaweed
     9.4.3. Green Seaweed
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Commercial Seaweed Market Size and Volume Forecast by Applications
     9.7.1. food & beverages
     9.7.2. pharmaceuticals
     9.7.3. dietary supplements
     9.7.4. others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Commercial Seaweed Demand Share Forecast, 2019-2026
10. Europe Commercial Seaweed Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Commercial Seaweed Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Commercial Seaweed Market Size and Volume Forecast by Types
     10.4.1. Brown Seaweed
     10.4.2. Red Seaweed
     10.4.3. Green Seaweed
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Commercial Seaweed Market Size and Volume Forecast by Applications
     10.7.1. food & beverages
     10.7.2. pharmaceuticals
     10.7.3. dietary supplements
     10.7.4. others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Commercial Seaweed Demand Share Forecast, 2019-2026
11. Asia Pacific Commercial Seaweed Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Commercial Seaweed Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Commercial Seaweed Market Size and Volume Forecast by Types
     11.4.1. Brown Seaweed
     11.4.2. Red Seaweed
     11.4.3. Green Seaweed
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Commercial Seaweed Market Size and Volume Forecast by Applications
     11.7.1. food & beverages
     11.7.2. pharmaceuticals
     11.7.3. dietary supplements
     11.7.4. others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Commercial Seaweed Demand Share Forecast, 2019-2026
12. Middle East & Africa Commercial Seaweed Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Commercial Seaweed Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Commercial Seaweed Market Size and Volume Forecast by Types
     12.4.1. Brown Seaweed
     12.4.2. Red Seaweed
     12.4.3. Green Seaweed
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Commercial Seaweed Market Size and Volume Forecast by Applications
     12.7.1. food & beverages
     12.7.2. pharmaceuticals
     12.7.3. dietary supplements
     12.7.4. others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Commercial Seaweed Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Commercial Seaweed Market: Market Share Analysis
  13.2. Commercial Seaweed Distributors and Customers
  13.3. Commercial Seaweed Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. DuPont
     13.4.2. Cargill, Incorporated
     13.4.3. Brandt Consolidated, Inc.
     13.4.4. Acadian Seaplants
     13.4.5. CP Kelco U.S. Inc.