Commercial Seaweed Market on the Rise: Sustainable Practices and Health Benefits Propel Global Growth

Commercial Seaweed Market
Commercial Seaweed Market

The demand for commercial seaweed(상업용 해초 시장) is estimated to be nearly US$ 11.7 billion in 2023. The global market is poised to register a CAGR of 2.4% from 2023 to 2033. The overall valuation of the commercial seaweed market is projected to reach US$ 14.9 billion by 2033.

A modest amount of companies dominate the worldwide sales and distribution of commercial seaweed at present time. Commercial seaweed is broadly produced near the coastlines of nations like Indonesia, China, Japan, and the Philippines.

According to the FMI report, the primary region for the production and marketing of seaweed commercially is the Asia Pacific. Because of the traditional importance of seaweeds, these countries have established a commercial market for all types of seaweed.

With the rising popularity of organic goods in Europe and North America, the demand for commercial seaweed is expected to grow considerably.

Seaweed usage across the globe is getting further aided by the growing popular movement toward vegan meals and plant-based proteins. Further with the advancement of agricultural practices, the creation of new strains, and the expansion of its applications the seaweed business now offers great potential.

Key Takeaways

  • China is the leading country in the production of a wide variety of seaweed, followed by Japan and the Republic of Korea. The net worth of the Chinese commercial seaweed market crossed US$ 10 billion in 2022.
  • Commercial seaweed production and usage are expected to rise with the trend of vegetarianism in the United States.
  • In comparison to other geographic regions, the European seaweed market is anticipated to have consistent expansion through 2033.
  • Due to its broad geographic range having several maritime domains, the South American market is predicted to have significant growth through 2033.

Competitive Landscape for the Commercial Seaweed Market Players

Wild Irish Seaweeds, Acadian SeaPlus, Organic Irish Seaweed-Emerald Isle, KwangcheonKIm, Cascadia Seaweed, Ocean Rainforest, Springtide Seaweed,  LLC, BLUE EVOLUTION, Earaybio, Kai Ho “Oceans Treasure”, Aushadh Limited., BY VIET DELTA, Shore Seaweed, ALGOLESKO, Raw Seaweeds, Cargill,  Incorporated, AtSeaNova, Kelp Industries Pty,  Ltd., Maine Coast Sea Vegetables, MARA SEAWEED, Marcel Carrageenan, Pacific Harvest, Seaweed Solutions AS, The Seaweed Company, Irish Seaweeds are some big players in the global Commercial seaweed market. Most commercial seaweed producers are engaged in many strategic efforts, including, collaborations, regional growth, and production capacity expansion.

Arcadian Seaplants Ltd. stated in March 2021 it was going to expand Deveau Center’s manufacturing capacity by 2X. The market positions of leading players are anticipated to be strengthened by regional expansion, ultimately increasing the source of raw materials.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/commercial-seaweed-market

Recent Developments by the Commercial Seaweed Industries

  • A global distributor of chemicals and ingredients named Univar Solutions established a partnership with Scotland-based Seaweed & Co. in July 2019. It aims to broaden its product offering with unique seaweed components that meet the needs of contemporary consumers in terms of sustainability.
  • Cargill Inc. introduced a new type of seaweed powder in February 2021 that was derived from red seaweed called Gracilaria, commonly produced in Europe. WavePure ADG 8250 is the name of the product, which is part of the WavePure ADG series. Due to its ability to provide a creamy and smooth texture, it is mostly employed in the production of dairy products.
  • In August 2019, CP Kelco Company increased the amount of gellan gum it could produce at its Oklahoma seaweed processing facility. The business hopes to address the growing demand for adaptable, multipurpose ingredients required for gellan gum in the State. The firm also aims to have a greater opportunity to provide and increase its market share in the food and beverage sector.

Key Segments Covered by Commercial Seaweed Industry Survey Report

Commercial Seaweed Industry by Product Type:

  • Red Seaweed
  • Green Seaweed
  • Brown Seaweed
  • Other Types

Commercial Seaweed Industry by Form:

  • Leaf
  • Powdered
  • Flakes
  • Liquid

Commercial Seaweed Industry by Application:

  • Agriculture Fertilizer
  • Animal Feed Additives
  • Human Consumption
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Biofuels
  • Bio Plastics
  • Textiles
  • Waste Water Treatment
  • Hydrocolloids
  • Other Applications

Commercial Seaweed Industry by Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia and Pacific Market
  • The Middle East and Africa (MEA) Market

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.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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