North America Commercial Seaweed Market By 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), Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2029
Market Analysis and Insights: North America Commercial Seaweed Market
The North America commercial seaweed market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.0% in the forecast period of 2022 to 2029 and expected to reach USD 4,982.87 million by 2029. The demand for the commercial seaweed are high hence revenue generation is also high which may help the market to grow in the region.
Commercial seaweed is the microalgae that grow in the sea, irrespective of marine water or freshwater. They are the food source for life in the ocean and can be found in three colors red seaweed, green seaweed and brown seaweed based on the pigments present. Seaweeds grow mostly along the rocky shorelines all around the world. Commercial seaweed is an enriched source of proteins, vitamins, minerals, fibers, iodine and antioxidants. Additionally, commercial seaweed is known to provide health benefits such as decreasing the risk of heart disease, diabetes, and goiter and improving gut health.
The commercial seaweed market is expected to grow tremendously in the North American region as commercial seaweeds are majorly famous for the hydrocolloids and have a wide application in various industries such as food & beverages, agriculture, animal feed, cosmetics & personal care, and pharmaceuticals. However, environmental risk associated with the seaweed and the high amount of iodine and heavy metals present in it are expected to restrain the market growth emerging applications of seaweed in various industry may create an opportunity in the market and high prices of seaweed may challenge the market growth.
This North America commercial seaweed market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Commercial Seaweed Market Scope and Market Size
The North America commercial seaweed market is segmented into four notable segments which are bifurcated on the basis of product, form, cultivation, end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the North America commercial seaweed market is segmented into red seaweed, green seaweed and brown seaweed. In 2022, brown seaweed has the largest market share due to the factors such as rise in demand for more natural and organic products.
- On the basis of form, the North America commercial seaweed market is segmented into liquid, powdered and flakes. In 2022, powder segment has the largest market share owing to the factors such as increasing benefits of powdered segment.
- On the basis of cultivation, the North America commercial seaweed market is segmented into onshore cultivation, offshore cultivation, nearshore cultivation, IMTA cultivation, saline aquaculture. In 2022, the offshore cultivation segment has the largest market share due to the factors such as rising demand for commercial seaweed and increased interest in growing seaweed on a large scale.
- On the basis of end-user, the North America commercial seaweed market is segmented into food & beverages, pharmaceuticals, agriculture, animal feed, cosmetics & personal care, biofuels and others. In 2022, the food & beverages segment has the largest market share due to the factors such as increasing awareness about the nutrient enrichment and health benefits offered by the seaweed and a rise in demand for more natural and organic food and beverages products.
North America Commercial Seaweed Market Country Level Analysis
The North America commercial seaweed market is analysed and market size information is provided by country, product, form, cultivation, end-user.
The countries covered in the North America commercial seaweed market report are U.S., Canada, and Mexico.
- In North America, the U.S. has comprised the highest market share as growing cultivation of the seaweed in the country Canada is rising because increase in demand of the seaweed across the end users are fuelling the growth of the seaweed market and Mexico is rising the market share due to growing popularity of commercial seaweed in the country.
The country section of the North America commercial seaweed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Applications of Commercial Seaweed in Various End Industry
The North America commercial seaweed market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in footwear sole material and changes in regulatory scenarios with their support for the Commercial seaweed market. The data is available for historic period 2011 to 2019.
Competitive Landscape and North America Commercial Seaweed Market Share Analysis
The North America commercial seaweed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to commercial seaweed market.
Some of the major players covered in the report are Cargill, Incorporated, DuPont, Marcel Carrageenan, Beijing Leili Agricultural Co., Ltd, , Ocean Rainforest, Indigrow Ltd, , Maine Coast Sea Vegetables, Nantong Xinlang Seaweed & Foods Co., Ltd., , Cascadia Seaweed, and Others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In November 2021, Acadian SeaPlus launched new Chondracanthus chamissoi seaweed product to customers across the market. It is a red algae species that has application in variety of products ranging from functional food, nutraceutical, cosmetics, pharmaceuticals, and brewing. This helped the company to expand their product portfolio
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