According to Future Market Insights (FMI), the worldwide Edible Seaweed Market is valued at USD 11,250.0 million in 2023 and it is anticipated to reach USD 19,745.0 million by 2033. Over the next decade, global Algae demand is likely to increase at a CAGR of 5.8%.
Production of seaweed has increased substantially owing to its availability and awareness among general consumers about its nutritional benefits. Edible seaweed is used in the pharmaceutical industry as it is rich in bio-active compounds which are used to make medicines, supplements, and drugs. Moreover, direct consumption not seaweed is not a novel concept. In Asia countries like Japan and South Korea, seaweeds are used to wrap sushi and rice and are used as ingredients in soups, stews, salads, and other recipes.
Gain Strategic Insights into Industry Trends of Edible Seaweed Market Request Your Sample Report
The use of seaweed in animal feed has also shown prominent results in the health and immunity of farmed animals. There is a significant increase in dairy production among cattle. Moreover, cattle and farmed animals have a lower risk of developing infections that can harm their health. Seaweed extract is used as a thickening, gelling, and stabilizing agent in the food and beverage industry. The food sector is growing at a steady rate and innovative ingredients like specific breeds of seaweed are more readily accepted by consumers owing to their sustainability and environmentally friendly properties.
Key Takeaways from the Seaweed Algae Report:
The global Seaweed Algae market is expected to reach a valuation of US$ 19,745.0 million by 2033.
Global demand for Seaweed Algae is likely to soar at 8% CAGR over the forecast period.
Japan is projected to hold a dominant value share of 0% in the global market by 2033.
The United States Seaweed Algae market is projected to reach a valuation of US$ 5,429.8 million by 2033.
China’s market is estimated to witness a value CAGR of 6% during the projection period.
Who is Winning?
Gelymar, Tasmanian Seafood Seduction, PhycoHealth, Sea Forest, Australian Seaweed Institute, Marinova, Great Southern Ocean, The Seaweed Company, Acadian Seaplants, Qingdao Gather Great Ocean Algae Industry Group, Roquette Klotze GmbH, Cargill, Incorporated and Acadian Seaplants are key Seaweed Algae manufacturers listed in the report.
These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,
2021: Cargill Foods recently launched seaweed powder as a food ingredient for processed food as an eco-friendly alternative that is sustainably sourced and more environmentally friendly. The company also claims to be the first company to offer this product commercially in Europe
Gain Exclusive Access to Growth Strategies in Edible Seaweed Market Grab Your Essential Report
Edible Seaweed Market by Category:
By Product Type:
Brown Algae
Green Algae
Red Algae
By End Use Application:
Food & Beverage Processing
Pharmaceuticals
Dietary Supplements and Nutraceuticals
Personal Care and Cosmetics
Animal Feed
Aqua Feed
Pet Food
Retail
By Extraction Method:
Conventional
Current Method
By Form:
Dried
Whole
Powder
Liquid
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
