The Commercial Seaweed Market is experiencing robust growth and is poised to revolutionize various industries worldwide. Seaweed, also known as marine algae, offers a treasure trove of possibilities due to its rich nutritional profile, eco-friendly cultivation, and diverse applications.
The commercial seaweed market size 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 the present time. Commercial seaweed is broadly produced near the coastlines of nations like Indonesia, China, Japan, and the Philippines.
Want to stay ahead in the Commercial Seaweed Market? Access our detailed Sample report and gain a competitive edge in this thriving industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-17000
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:
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.
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.
Looking to stay ahead in the Commercial Seaweed Market? Don’t miss out on our exclusive offer! Buy now for detailed information on every segment. https://www.futuremarketinsights.com/checkout/17000
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
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 5000 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
