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Commercial Seaweeds Market by Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes), Application (Food, Feed, Agriculture), and Region - Global Forecast to 2023

Commercial Seaweeds Market by Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes), Application (Food, Feed, Agriculture), and Region - Global Forecast to 2023

“The commercial seaweeds market is projected to grow at a CAGR of 8.4% during the forecast period.”
The commercial seaweeds market is estimated at USD 14.08 billion in 2018. It is projected to reach USD 21.11 billion by 2023, at a CAGR of 8.4%. The market is driven by its functional properties, which widens the new growth prospects for the food processing industry and the application of seaweeds and seaweed extracts, such as agar, carrageen, and alginate, which are used as gelling, binding, and thickening agents in the food, textile, and other manufacturing industries.

The growth of the brown seaweed segment, in terms of value, is estimated to dominate the global commercial seaweeds market in 2018. Brown seaweeds are increasingly used in the production of high-grade alginates. The increasing use of alginates in dental products is encouraging the leading companies to manufacture alginates from brown seaweeds. In the agriculture sector, brown seaweed extracts are used to produce organic fertilizers due to its potassium-rich content. The growing use of brown seaweeds in the manufacture of bio-plastics is further projected to fuel the market growth.

However, excessive use of seaweed products can adversely affect consumer’s health due to the presence of toxic minerals such as heavy metal residues. This has led to increasing health concerns, globally, which, in turn, serves as a restraining factor for the growth of the commercial seaweeds market.

“The red seaweed is estimated to dominate the global commercial seaweeds market, in terms of volume.”
Red seaweeds are the largest group of seaweeds that are directly consumed as food due to their high content of essential nutrients, such as vitamins, minerals, and antioxidants. As the red seaweeds are nutrition-dense, they are largely used in various food products, such as soups, salads, snacks, and sushi. Red seaweeds are preferred more due to their nutrition and protein-rich properties in comparison to brown and green seaweeds. These seaweeds are also used to manufacture agar and carrageenan, which are widely used as a thickening and gelling agents. On account of these factors, the red seaweed is projected to witness high demand in the global market.

“Seaweeds harvested from aquaculture is projected to witness the fastest growth in the commercial seaweeds market from 2018 to 2023.”
Seaweeds are mainly obtained from aquaculture and are used for extraction and production of carrageenan and alginates. The rise in demand for aquaculture seaweeds as a raw material for the hydrocolloid industry to manufacture carrageenan, agar-agar, and alginates is projected to reflect positively on the overall market growth. Furthermore, the cultivation of aquaculture seaweeds does not require large setups and causes minimum harm to fishery resources and seabed. In the developing countries, this method acts as a sustainable activity, which also provides an alternative livelihood for the small-scale fishing community. Due to these factors, seaweed aquaculture remains high across regions, contributing toward the overall market growth.

“North America is projected to be the fastest-growing market for commercial seaweeds from 2018 to 2023.”
North American is projected to be the fastest-growing market for commercial seaweeds during the forecast period. The demand for commercial seaweeds in North America is driven by various factors such as increasing industrial applications of seaweeds and the growing awareness about its functional properties for enhancing the nutritive value in food as well as feed additives. The use of seaweeds in medical applications is also gaining traction in North America due to its high protein, calcium, antioxidants, iodine, potassium, iron, folic acid, fiber, omega-3, low-fat, and sodium content.

Break-up of Primaries:
By Company Type: Tier 1 - 25%, Tier 2 - 35%, and Tier 3 - 40%
By Designation: C-level - 25%, D-level - 30%, and Manager-level - 45%
By Region: North America - 17%, Europe - 28%, Asia Pacific - 33%, and RoW - 22%

The leading players in the commercial seaweeds market include DowDuPont (US), Cargill (US), Roullier Group (France), COMPO EXPERT (Germany), Biostadt India (India), CP Kelco (US), BRANDT (US), Acadian Seaplants (Canada), Gelymar (Chile), Seasol international (Australia), Algea (Norway), Algaia (France), CEAMSA (Spain), and Seawin biotech (China).

Research Coverage:
The commercial seaweeds market is segmented on the basis of type, application, form, mode of harvesting, and key regions. On the basis of type, the market is segmented into red seaweeds, brown seaweeds, and green seaweeds. On the basis of application, the market is segmented into food, feed, agriculture, and others (biomass for fuel, cosmetics, pharmaceuticals, integrated aquaculture, and wastewater treatment). The food is further sub-segmented into dairy products, meat & poultry products, bakery products, confectionery products, and others (soups, salads, and beverages). On the basis of form, the market is segmented into liquid, powder, and flakes. By method of harvesting, the segments include aquaculture and wild harvesting. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive landscape, recent developments, market share analysis, trade data analysis, and key market strategies.

Key Benefits of Buying the Report:
To get a comprehensive overview of the commercial seaweeds market with specific reference to the application markets
To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights into the major regions/countries in which the commercial seaweeds market is flourishing


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
    • PERIODIZATION CONSIDERED
    • CURRENCY CONSIDERED
      • Table USD EXCHANGE RATES CONSIDERED, 2013–2017
    • VOLUME UNIT CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table COMMERCIAL SEAWEEDS MARKET SNAPSHOT, 2018 VS. 2023
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE COMMERCIAL SEAWEEDS MARKET
    • COMMERCIAL SEAWEEDS MARKET, BY KEY COUNTRY
    • ASIA PACIFIC: COMMERCIAL SEAWEEDS MARKET, BY APPLICATION & KEY COUNTRY
    • COMMERCIAL SEAWEEDS MARKET, BY TYPE & REGION
    • COMMERCIAL SEAWEEDS MARKET, BY FORM & REGION
    • COMMERCIAL SEAWEEDS MARKET, BY METHOD OF HARVESTING
  • MARKET OVERVIEW
    • INTRODUCTION
    • COMMERCIAL SEAWEEDS MARKET DYNAMICS
      • DRIVERS
        • Table DRY MATTER COMPOSITION OF SEAWEED SPECIES IN PERCENTAGE
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN
    • TRADE DATA
      • MAJOR COMMERCIAL SEAWEED IMPORTING COUNTRIES
      • MAJOR COMMERCIAL SEAWEED EXPORTING COUNTRIES
  • COMMERCIAL SEAWEEDS MARKET, BY TYPE
    • INTRODUCTION
      • Table COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (KT)
    • RED SEAWEEDS
      • RED SEAWEEDS ARE LARGELY USED IN VARIOUS FOOD PRODUCTS SUCH AS SOUPS, SALADS, SNACKS, AND SUSHI
        • Table RED SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • BROWN SEAWEEDS
      • BROWN SEAWEEDS ARE HIGHLY USED IN THE PRODUCTION OF HIGHGRADE ALGINATES
        • Table BROWN SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • GREEN SEAWEEDS
      • EMERGING USES OF GREEN SEAWEED IN OTHER APPLICATION AREAS SUCH AS BIOFUEL PRODUCTION AND WASTEWATER TREATMENT IS EXPECTED TO DRIVE THE MARKET GROWTH
        • Table GREEN SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • COMMERCIAL SEAWEEDS MARKET, BY METHOD OF HARVESTING
    • INTRODUCTION
      • Table COMMERCIAL SEAWEEDS MARKET SIZE, BY METHOD OF HARVESTING, 2016–2023 (USD MILLION)
    • AQUACULTURE
      • RISE IN DEMAND AS A RAW MATERIAL FOR THE HYDROCOLLOID INDUSTRY, SUCH AS CARRAGEENAN, AGAR-AGAR, AND ALGINATES, IS EXPECTED TO DRIVE THE GROWTH OF AQUACULTURE SEAWEEDS
        • Table COMMERCIAL AQUACULTURED SEAWEED MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • WILD HARVESTING
      • GROWTH OF WILD HARVESTING SEAWEEDS IS DECLINING, AS THESE SEAWEEDS ARE SUSCEPTIBLE TO EASY CONTAMINATION BY HEAVY METALS SUCH AS MERCURY AND ARSENIC, WHICH ARE HARMFUL FOR HUMAN CONSUMPTION
        • Table COMMERCIAL WILD-HARVESTED SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • COMMERCIAL SEAWEEDS MARKET, BY FORM
    • INTRODUCTION
      • Table COMMERCIAL SEAWEEDS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
    • LIQUID
      • LIQUID SEGMENT DOMINATES THE COMMERCIAL SEAWEEDS MARKET DUE TO THEIR VARIED APPLICATIONS IN AGRICULTURE, PHARMACEUTICALS, COSMETICS, ANIMAL FEED, AND OTHERS
        • Table COMMERCIAL LIQUID SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • POWDER
      • USE OF THE POWDERED FORM OF SEAWEEDS IS PROJECTED TO GROW DUE TO PRESENCE OF VITAMIN B12 AND VITAMIN E, MAKING THEM SUITABLE FOR COSMETIC PRODUCTS
        • Table COMMERCIAL POWDERED SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • FLAKES
      • INCREASE IN USAGE AS A SEASONING AGENTS IS EXPECTED TO DRIVE THE SEGMENT
        • Table COMMERCIAL SEAWEED FLAKES MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • COMMERCIAL SEAWEEDS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table COMMERCIAL SEAWEEDS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • FOOD
      • INCREASING INDUSTRIAL APPLICATION OF SEAWEEDS EXTRACT SUCH AS AGAR, CARRAGEENAN AND ALGINATE IN PROCESSED FOOD IS DRIVING THE MARKET
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN FOOD, BY REGION, 2016–2023 (USD MILLION)
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN FOOD, BY SUB-APPLICATION, 2016–2023 (USD MILLION)
      • DAIRY PRODUCTS
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN DAIRY PRODUCTS, BY REGION, 2016–2023 (USD MILLION)
      • MEAT & POULTRY PRODUCTS
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN MEAT & POULTRY PRODUCTS, BY REGION, 2016–2023 (USD MILLION)
      • BAKERY PRODUCTS
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN BAKERY PRODUCTS, BY REGION, 2016–2023 (USD MILLION)
      • CONFECTIONERY PRODUCTS
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN CONFECTIONERY PRODUCTS, BY REGION, 2016–2023 (USD MILLION)
      • OTHERS
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2023 (USD MILLION)
    • FEED
      • SEAWEEDS ARE SIGNIFICANTLY USED AS SOURCE OF FEED DUE THEIR HIGH PROTEIN CONTENT
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN FEED, BY REGION, 2016-2023 (USD MILLION)
    • AGRICULTURE
      • PRESENCE OF HORMONE SUCH AS AUXINS & GIBBERELLINS IN SEAWEEDS IS DRIVING THE MARKET FOR SEAWEEDS AS AGRICULTURAL FERTILIZERS
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN AGRICULTURE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • INCREASING USAGE OF SEAWEEDS IN COSMETICS, PHARMACEUTICALS AND BIO-FUEL DUE TO HIGH NUTRIENT CONTENT IS EXPECTED TO DRIVE THE MARKET
        • Table COMMERCIAL SEAWEEDS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2023 (USD MILLION)
  • COMMERCIAL SEAWEEDS MARKET, BY REGION
    • INTRODUCTION
      • Table COMMERCIAL SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table COMMERCIAL SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (KT)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: COMMERCIAL SEAWEEDS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: COMMERCIAL SEAWEEDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: COMMERCIAL SEAWEEDS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: COMMERCIAL SEAWEEDS MARKET SIZE, BY METHOD OF HARVESTING, 2016–2023 (USD MILLION)
      • CHINA
        • Table CHINA: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • INDONESIA
        • Table INDONESIA: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • PHILIPPINES
        • Table PHILIPPINES: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: COMMERCIAL SEAWEEDS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: COMMERCIAL SEAWEEDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: COMMERCIAL SEAWEEDS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: COMMERCIAL SEAWEEDS MARKET SIZE, BY METHOD OF HARVESTING, 2016–2023 (USD MILLION)
      • US
        • Table US: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • CANADA
        • Table CANADA: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: EXPORT OF SEAWEEDS, 2012–2016 (TONNES)
      • Table EUROPE: IMPORT OF SEAWEEDS, 2012–2016 (TONNES)
      • Table EUROPE: COMMERCIAL SEAWEEDS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table EUROPE: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: COMMERCIAL SEAWEEDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table EUROPE: COMMERCIAL SEAWEEDS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table EUROPE: COMMERCIAL SEAWEEDS MARKET SIZE, BY METHOD OF HARVESTING, 2016–2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • IRELAND
        • Table IRELAND: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • NORWAY
        • Table NORWAY: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • SPAIN
        • Table SPAIN: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW: COMMERCIAL SEAWEEDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table ROW: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table ROW: COMMERCIAL SEAWEEDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table ROW: COMMERCIAL SEAWEEDS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table ROW: COMMERCIAL SEAWEEDS MARKET SIZE, BY METHOD OF HARVESTING, 2016–2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • OTHERS IN ROW
        • Table OTHERS IN ROW: COMMERCIAL SEAWEEDS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SCENARIO
    • MARKET SHARE ANALYSIS
    • EXPANSIONS & INVESTMENTS
      • Table EXPANSIONS & INVESTMENTS, 2014–2018
    • ACQUISITIONS
      • Table ACQUISITIONS, 2014–2018
    • NEW PRODUCT LAUNCHES
      • Table NEW PRODUCT LAUNCHES, 2014–2018
    • PARTNERSHIPS & AGREEMENTS
      • Table PARTNERSHIPS & AGREEMENTS, 2014–2018
  • COMPANY PROFILES
    • DOWDUPONT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CARGILL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ROULLIER GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • COMPO EXPERT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BIOSTADT INDIA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • CP KELCO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • BRANDT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ACADIAN SEAPLANTS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GELYMAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SEASOL INTERNATIONAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ALGEA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ALGAIA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CEAMSA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SEAWIN BIOTECH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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