The global edible seaweed market is projected to grow from USD 11,250.0 million in 2023 to USD 19,745.0 million by 2033. Over the next decade, from 2023 to 2033, sales of edible seaweed are expected to rise at a significant CAGR of 5.8%.
The production of seaweed has significantly increased due to its availability and growing consumer awareness of its nutritional benefits. Edible seaweed is utilized in the pharmaceutical industry for its rich bioactive compounds, which are important for the creation of medicines, supplements, and drugs. Additionally, the direct consumption of seaweed is not a new practice; in Asian countries like Japan and South Korea, seaweed is commonly used to wrap sushi and rice, as well as an ingredient in soups, stews, salads, and various other dishes.
The incorporation of seaweed into animal feed has demonstrated significant benefits for the health and immunity of farmed animals, particularly leading to increased dairy production among cattle. Additionally, cattle and other farmed animals show a reduced risk of developing infections that can adversely affect their health. In the food and beverage industry, seaweed extract is utilized as a thickening, gelling, and stabilizing agent. As the food sector continues to grow steadily, innovative ingredients such as specific seaweed varieties are increasingly embraced by consumers due to their sustainability and eco-friendly attributes.
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.
Competitive Landscape
The competitive landscape of the edible seaweed market is dynamic and continually evolving in response to the increasing demand for sustainable and cost-effective feed options. Key factors shaping the competitiveness of edible seaweed include availability, pricing, nutritional value, market acceptance, and regulatory considerations.
Key Companies Profiled
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; Acadian Seaplants; Qingdao Seawin Biotech Group Co. Ltd.; CP Kelco USA, Inc.; AquAgri Processing Pvt. Ltd; Algaia; BASF SE
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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
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