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Commercial Seaweed Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 160 Pages
SKU # FOB19224159

Description

Commercial Seaweed Market



Growth Factors of Commercial Seaweed Market

The commercial seaweed market size was valued at USD 17.14 billion in 2023, and the market is now projected to grow from USD 18.39 billion in 2024 to USD 34.56 billion by 2032, exhibiting a CAGR of 8.20% during the forecast period of 2024-2032.

The COVID-19 emergency has led to the stoppage of the year-on-year progression of this market. Based on our study, the worldwide market presented a drop in growth. This might be mostly ascribed to the decline in the demand for raw materials and reduced rates.

The rising awareness about animal welfare has enhanced the step of turning vegan or following a vegetarian diet, which has further augmented intake of plant-based products. These products are achieving fame across numerous segments such as the food and cosmetics industry with the growing insight that plant-based products are harmless & improved compared to animal-originated products. Macro algae being a good source of protein, is now widely used to develop plant-based protein substitutes, which is fuelling the commercial seaweed market growth

Individuals around the world have become aware of the ecological issues that are leading to the improvement of solutions to decrease environmental stress. The mounting attentiveness regarding ecological welfare has affected key changes in customer likings that are enhancing the demand for natural products. Macro algae cultivation is considered ecological as it is a fast-growing, nutrient-rich alga that absorbs carbon dioxide and discharges oxygen.

Comprehensive Analysis of Commercial Seaweed Market

The market can be segmented in numerous ways, depending on the focus of analysis such as by type, by form and by end user. Based on type, the market comprises red, brown, & green. Based on form, the market includes powder, flakes, liquid. Based on end user, the market embraces food & beverages, agriculture, animal feed additives, pharmaceuticals, cosmetics & personal care.

North America region is dominating the commercial seaweed market share due to increasing demand for plant-based goods. The growing reputation of vegan and vegetarian diets in the region has augmented the demand for plant proteins through a variety of food products.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include DowDuPont, Inc. (Delaware, U.S.), Cargill, Inc. (Minnesota, U.S.), J.M. Huber (New Jersey, U.S.), Corbion N.V. (Netherlands), Kerry Group Plc (Tralee, Ireland), FMC Corporation (Pennsylvania, U.S.), Acadian Seaplants Limited (Nova Scotia, Canada), Gelymer S.A. (Santiago, Chile), Ocean Harvest Technology limited (Milltown, Ireland), Roullier Group (Brittany, France) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In November 2019, Nippon Steel Corporation in partnership with Furuu District Fisheries Cooperative Association launched a novel seaweed regeneration project to encourage the fisheries industry in Japan.

Segmentation Table

TTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.8% from 2024 to 2032

Segmentation By Type
  • Centrifugal Turbocompressor
  • Axial Turbocompressor
By Stage
  • Single-Stage
  • Multi-Stage
By Application
  • Oil & Gas
  • Power Generation
  • Chemical
  • Water & Wastewater
  • Automotive
  • Mining
  • Others
By Geography
  • North America (By Type, By Stage, By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
  • Europe (By Type, By Stage, By Application, By Country)
  • U.K. (By Application)
  • Germany (By Application)
  • France (By Application)
  • Italy (By Application)
  • Spain (By Application)
  • Russia (By Application)
  • Rest of Europe (By Application)
  • Asia Pacific (By Type, By Stage, By Application, By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • Australia (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific (By Application)
  • Latin America (By Type, By Stage, By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
  • Middle East and Africa (By Type, By Stage, By Application, By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East and Africa (By Application)


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Table of Contents

160 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain and Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis Related to COVID-19
4.5.1. Impact of COVID-19 on the Market
4.5.2. Supply Chain Challenges amidst Pandemic
4.5.3. Potential Opportunities due to this Global Crisis
5. Global Commercial Seaweed Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Type
5.2.1.1. Red Seaweed
5.2.1.2. Brown Seaweed
5.2.1.3. Green Seaweed
5.2.2. By Form
5.2.2.1. Flakes
5.2.2.2. Powder
5.2.2.3. Liquid
5.2.3. By End Use
5.2.3.1. Food & Beverage
5.2.3.2. Agricultural Fertilizers
5.2.3.3. Animal Feed Additives
5.2.3.4. Pharmaceuticals
5.2.3.5. Cosmetics & Personal Care
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Commercial Seaweed Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type
6.2.1.1. Red Seaweed
6.2.1.2. Brown Seaweed
6.2.1.3. Green Seaweed
6.2.2. By Form
6.2.2.1. Flakes
6.2.2.2. Powder
6.2.2.3. Liquid
6.2.3. By End Use
6.2.3.1. Food & Beverage
6.2.3.2. Agricultural Fertilizers
6.2.3.3. Animal Feed Additives
6.2.3.4. Pharmaceuticals
6.2.3.5. Cosmetics & Personal Care
6.2.4. By Country (Value)
6.2.4.1. U.S
6.2.4.1.1. By Type (Value)
6.2.4.1.1.1. Red Seaweed
6.2.4.1.1.2. Brown Seaweed
6.2.4.1.1.3. Green Seaweed
6.2.4.1.1.4. Others
6.2.4.2. Canada
6.2.4.2.1. By Type (Value)
6.2.4.2.1.1. Red Seaweed
6.2.4.2.1.2. Brown Seaweed
6.2.4.2.1.3. Green Seaweed
6.2.4.2.1.4. Others
6.2.4.3. Mexico
6.2.4.3.1. By Type (Value)
6.2.4.3.1.1. Red Seaweed
6.2.4.3.1.2. Brown Seaweed
6.2.4.3.1.3. Green Seaweed
6.2.4.3.1.4. Others
7. Europe Commercial Seaweed Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type
7.2.1.1. Red Seaweed
7.2.1.2. Brown Seaweed
7.2.1.3. Green Seaweed
7.2.2. By Form
7.2.2.1. Flakes
7.2.2.2. Powder
7.2.2.3. Liquid
7.2.3. By End Use
7.2.3.1. Food & Beverage
7.2.3.2. Agricultural Fertilizers
7.2.3.3. Animal Feed Additives
7.2.3.4. Pharmaceuticals
7.2.3.5. Cosmetics & Personal Care
7.2.4. By Country (Value)
7.2.4.1. Germany
7.2.4.1.1. By Type (Value)
7.2.4.1.1.1. Red Seaweed
7.2.4.1.1.2. Brown Seaweed
7.2.4.1.1.3. Green Seaweed
7.2.4.1.1.4. Others
7.2.4.2. France
7.2.4.2.1. By Type (Value)
7.2.4.2.1.1. Red Seaweed
7.2.4.2.1.2. Brown Seaweed
7.2.4.2.1.3. Green Seaweed
7.2.4.2.1.4. Others
7.2.4.3. Italy
7.2.4.3.1. By Type (Value)
7.2.4.3.1.1. Red Seaweed
7.2.4.3.1.2. Brown Seaweed
7.2.4.3.1.3. Green Seaweed
7.2.4.3.1.4. Others
7.2.4.4. U.K.
7.2.4.4.1. By Type (Value)
7.2.4.4.1.1. Red Seaweed
7.2.4.4.1.2. Brown Seaweed
7.2.4.4.1.3. Green Seaweed
7.2.4.4.1.4. Others
7.2.4.5. Spain
7.2.4.5.1. By Type (Value)
7.2.4.5.1.1. Red Seaweed
7.2.4.5.1.2. Brown Seaweed
7.2.4.5.1.3. Green Seaweed
7.2.4.5.1.4. Others
7.2.4.6. Belgium
7.2.4.6.1. By Type (Value)
7.2.4.6.1.1. Red Seaweed
7.2.4.6.1.2. Brown Seaweed
7.2.4.6.1.3. Green Seaweed
7.2.4.6.1.4. Others
7.2.4.7. Russia
7.2.4.7.1. By Type (Value)
7.2.4.7.1.1. Red Seaweed
7.2.4.7.1.2. Brown Seaweed
7.2.4.7.1.3. Green Seaweed
7.2.4.7.1.4. Others
7.2.4.8. Rest of Europe
7.2.4.8.1. By Type (Value)
7.2.4.8.1.1. Red Seaweed
7.2.4.8.1.2. Brown Seaweed
7.2.4.8.1.3. Green Seaweed
7.2.4.8.1.4. Others
8. Asia Pacific Commercial Seaweed Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type
8.2.1.1. Red Seaweed
8.2.1.2. Brown Seaweed
8.2.1.3. Green Seaweed
8.2.2. By Form
8.2.2.1. Flakes
8.2.2.2. Powder
8.2.2.3. Liquid
8.2.3. By End Use
8.2.3.1. Food & Beverage
8.2.3.2. Agricultural Fertilizers
8.2.3.3. Animal Feed Additives
8.2.3.4. Pharmaceuticals
8.2.3.5. Cosmetics & Personal Care
8.2.4. By Country (Value)
8.2.4.1. China
8.2.4.1.1. By Type (Value)
8.2.4.1.1.1. Red Seaweed
8.2.4.1.1.2. Brown Seaweed
8.2.4.1.1.3. Green Seaweed
8.2.4.1.1.4. Others
8.2.4.1.2. India
8.2.4.1.2.1. By Type (Value)
8.2.4.1.2.1.1. Red Seaweed
8.2.4.1.2.1.2. Brown Seaweed
8.2.4.1.2.1.3. Green Seaweed
8.2.4.1.2.1.4. Others
8.2.4.1.3. Japan
8.2.4.1.3.1. By Type (Value)
8.2.4.1.3.1.1. Red Seaweed
8.2.4.1.3.1.2. Brown Seaweed
8.2.4.1.3.1.3. Green Seaweed
8.2.4.1.3.1.4. Others
8.2.4.1.4. Australia
8.2.4.1.4.1. By Type (Value)
8.2.4.1.4.1.1. Red Seaweed
8.2.4.1.4.1.2. Brown Seaweed
8.2.4.1.4.1.3. Green Seaweed
8.2.4.1.4.1.4. Others
8.2.4.1.5. Rest of Asia Pacific
8.2.4.1.5.1. By Type (Value)
8.2.4.1.5.1.1. Red Seaweed
8.2.4.1.5.1.2. Brown Seaweed
8.2.4.1.5.1.3. Green Seaweed
8.2.4.1.5.1.4. Others
9. South America Commercial Seaweed Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type
9.2.1.1. Red Seaweed
9.2.1.2. Brown Seaweed
9.2.1.3. Green Seaweed
9.2.2. By Form
9.2.2.1. Flakes
9.2.2.2. Powder
9.2.2.3. Liquid
9.2.3. By End Use
9.2.3.1. Food & Beverage
9.2.3.2. Agricultural Fertilizers
9.2.3.3. Animal Feed Additives
9.2.3.4. Pharmaceuticals
9.2.3.5. Cosmetics & Personal Care
9.2.4. By Country (Value)
9.2.4.1.
9.2.4.1.1. Brazil
9.2.4.1.1.1. By Type (Value)
9.2.4.1.1.1.1. Red Seaweed
9.2.4.1.1.1.2. Brown Seaweed
9.2.4.1.1.1.3. Green Seaweed
9.2.4.1.1.1.4. Others
9.2.4.1.2. Argentina
9.2.4.1.2.1. By Type (Value)
9.2.4.1.2.1.1. Red Seaweed
9.2.4.1.2.1.2. Brown Seaweed
9.2.4.1.2.1.3. Green Seaweed
9.2.4.1.2.1.4. Others
9.2.4.1.3. Rest of South America
9.2.4.1.3.1. By Type (Value)
9.2.4.1.3.1.1. Red Seaweed
9.2.4.1.3.1.2. Brown Seaweed
9.2.4.1.3.1.3. Green Seaweed
9.2.4.1.3.1.4. Others
10. Middle East & Africa Commercial Seaweed Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Type
10.2.1.1. Red Seaweed
10.2.1.2. Brown Seaweed
10.2.1.3. Green Seaweed
10.2.2. By Form
10.2.2.1. Flakes
10.2.2.2. Powder
10.2.2.3. Liquid
10.2.3. By End Use
10.2.3.1. Food & Beverage
10.2.3.2. Agricultural Fertilizers
10.2.3.3. Animal Feed Additives
10.2.3.4. Pharmaceuticals
10.2.3.5. Cosmetics & Personal Care
10.2.3.6. Other Processed Foods
10.2.4. By Country (Value)
10.2.4.1.
10.2.4.1.1. South Africa
10.2.4.1.1.1. By Type (Value)
10.2.4.1.1.1.1. Red Seaweed
10.2.4.1.1.1.2. Brown Seaweed
10.2.4.1.1.1.3. Green Seaweed
10.2.4.1.1.1.4. Others
10.2.4.1.2. UAE
10.2.4.1.2.1. By Type (Value)
10.2.4.1.2.1.1. Red Seaweed
10.2.4.1.2.1.2. Brown Seaweed
10.2.4.1.2.1.3. Green Seaweed
10.2.4.1.2.1.4. Others
10.2.4.1.3. Rest of Middle East & Africa
10.2.4.1.3.1. By Type (Value)
10.2.4.1.3.1.1. Red Seaweed
10.2.4.1.3.1.2. Brown Seaweed
10.2.4.1.3.1.3. Green Seaweed
10.2.4.1.3.1.4. Others
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Commercial Seaweed Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. DowDuPont, Inc.
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Cargill, Inc.
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. J.M. Huber
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Corbion N.V.
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Kerry Group Plc
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. FMC Corporation
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Acadian Seaplants Limited
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Gelymer S.A.
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Ocean Harvest Technology limited
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Roullier Group
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Appendix

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