It has been witnessed over the years that cardiovascular diseases are the largest cause of death globally, affecting around 423 million people. Diabetes affects 463 million people worldwide, which is expected to rise to 642 million by 2040. The health benefits of seaweed are numerous. Obesity is a major health issue that affects people globally. It has been associated with the onset of a range of chronic illnesses. Commercial seaweed is low in calories and high in fiber, making it suitable for weight loss and reducing the risk of cardiovascular disease and diabetes risk.
Data Bridge Market Research analyses that the Global Commercial Seaweed Market was valued at USD 15,309.77 million in 2021 and is expected to reach USD 26,900.88 million by 2029, registering a CAGR of 7.3% during the forecast period of 2022-2029. The increasing demand for commercial seaweed will provide potential opportunities for the market growth in the forecast period.
The increasing number of seaweed in food and beverages sector is anticipated to drive the market's growth rate
Seaweed consists of all sorts of vitamins, protein, minerals, fibre and anti-oxidants, driving the market. The demand of seaweed is growing in the food and beverages sector. Seaweed contains a lot of fibre in it helps to lose weight. Thus, rise in health-conscious population and more shift towards living a healthy lifestyle is enhancing the market. Growing demand of seaweeds in food and beverages among consumers are allowing manufacturers to launch new products in the market.
For instance,
- In 2021, Cargill, Incorporated launched a seaweed powder under the WavePure ADG line as per the FoodIngredientsFirst. The powder is made from Gracilaria red seaweed to enhance the smoothness and creamy texture in dairy products.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Red Seaweed, Green Seaweed and Brown Seaweed), Form (Liquid, Powdered and Flakes), Cultivation (Onshore Cultivation, Offshore Cultivation, Nearshore Cultivation, IMTA Cultivation, Saline Aquaculture), End User (Food & Beverages, Pharmaceuticals, Agriculture, Animal Feed, Cosmetics & Personal Care, Biofuels and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Cargill, Incorporated (U.S.), DuPont (U.S.), AtSeNova (Italy), Beijing Leili Agricultural Co., Ltd (Beijing), Irish Seaweed (U.K.), Ocean Rainforest (U.S.), Maine Coast Sea Vegetables (U.S.), Kelp Industries, Pty, Ltd. (Australia), Green Ocean Farming (U.K.), The Seaweed Company (India), Cascadia Seaweed (Canada), KwangcheonKim (South Korea)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global commercial seaweed market is segmented into four notable segments which are based on product, form, cultivation and end-user.
- On the basis of product, the commercial seaweed market is segmented into red seaweed, green seaweed and brown seaweed.
The brown seaweed segment of product type is anticipated to dominate the commercial seaweed market
The brown seaweed is anticipated to dominate the segment with the market share of 59.28% because of the factors such as growing awareness about the health benefits provided by the brown seaweed and the increase in demand for more natural and organic products.
- On the basis of form, the commercial seaweed market is segmented into liquid, powdered and flakes.
The powder segment of form type is anticipated to dominate the commercial seaweed market
The powder is anticipated to dominate the segment with the market share of 79.21% due to increasing awareness related to the health benefits of the product made its way into numerous industries such as pharmaceutical, food & beverages, agriculture and others.
- On the basis of cultivation, the commercial seaweed market is segmented into onshore cultivation, offshore cultivation, nearshore cultivation, IMTA cultivation, saline aquaculture. The offshore cultivation is anticipated to dominate the segment with the market share of 61.31% due to the factors such as increasing demand for commercial seaweed and rising interest in growing seaweed on a large scale
- On the basis of end-user, the commercial seaweed market is segmented into food & beverages, pharmaceuticals, agriculture, animal feed, cosmetics & personal care and biofuels. The food & beverages is anticipated to dominate the segment with the market share of 35.38% because of the factors such as growing awareness about the nutrient enrichment and health benefits offered by the seaweed and an increase in demand for more natural and organic food and beverages products.
Major Players
Data Bridge Market Research recognizes the following companies as the major commercial seaweed market players in commercial seaweed market are Cargill, Incorporated (U.S.), DuPont (U.S.), AtSeNova (Italy), Beijing Leili Agricultural Co., Ltd (Beijing), Irish Seaweed (U.K.), Ocean Rainforest (U.S.), Maine Coast Sea Vegetables (U.S.), Kelp Industries, Pty, Ltd. (Australia), Green Ocean Farming (U.K.), The Seaweed Company (India), Cascadia Seaweed (Canada), KwangcheonKim (South Korea).
Market Development
- In 2021, Acadian SeaPlus launched new Chondracanthus chamissoi seaweed product. It's a kind of red algae used in a wide range of items, including functional foods, cosmetics, nutraceuticals, medicines, and brewing. This aided the company's product line expansion.
- In 2021, Cascadia Seaweed collaborated with Tsawout First Nation to farm seaweed off the coast of James Island. This helped the company grow the seaweed production to fulfill the increasing demand for seaweeds.
Regional Analysis
Geographically, the countries covered in the commercial seaweed market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
As per Data Bridge Market Research analysis:
North America is the dominant region in commercial seaweed market during the forecast period 2022 to 2029
North America dominates the commercial seaweed market because of the swift industrialization and presence of environment-friendly regulations in this region. The United States has the largest market share in North America due to the increasing use of seaweed in the pharmaceutical and personal care industries.
Asia-Pacific is estimated to be the fastest-growing region in commercial seaweed market the forecast period 2022 to 2029
Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 because of the huge scale production and domestic consumption of edible seaweeds in this region. China is expected to have the largest market share because of the country's increasing seaweed cultivation and rising demand from end users in this region.
For more detailed information about commercial seaweed market report, click here – https://www.databridgemarketresearch.com/es/reports/global-commercial-seaweeds-market
