Global Seaweed Market to Reach US$ 17.8 Billion by 2032, Stimulated by Increasing Demand for Sustainable and Eco-Friendly Products

August 25, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Seaweed Market Report by Environment (Aquaculture, Wild Harvest), Product (Red, Brown, Green), Application (Processed Foods, Direct Human Consumption, Hydrocolloids, Fertilizers, Animal Feed Additives, and Others), and Region 2024-2032,” the global seaweed market size reached US$ 8.3 Billion in 2023. Seaweed, or macroalgae, is a diverse group of marine plants that thrives in aquatic environments, ranging from coastal areas to deep ocean waters. It is rich in essential nutrients, such as vitamins, minerals, and proteins, making it a significant component in the food and nutrition sector. Seaweed is also vital in producing various commercial products, such as cosmetics, pharmaceuticals, and fertilizers. It is also utilized as a nutritious and flavorful ingredient in many cuisines, enriching dishes with essential vitamins, minerals, and umami taste, and in the agricultural sector, as a natural fertilizer and growth stimulant, enhancing crop yields and resilience to stress. The gel-forming properties of seaweed find applications in the food and pharmaceutical industries, while its alginate compounds serve as thickening agents and stabilizers. 

Global Seaweed Market Trends:

The growing awareness of seaweed's nutritional benefits and its positive impact on human health as consumers become increasingly health-conscious is one of the major factors contributing to the market growth. Additionally, the widespread utilization of seaweed in various food products, such as salads, soups, snacks, and sushi, due to its high content of vitamins, minerals, and antioxidants, is strengthening the market growth. Moreover, the increasing product adoption as its cultivation requires minimal freshwater, fertilizers, and pesticides, making it a highly sustainable crop with a low environmental footprint is supporting the market growth. In line with this, the growing focus of governments and industries on prioritizing ecological conservation and sustainability and the adoption of seaweed-based products to reduce carbon footprint and environmental impact is creating a positive outlook for the market growth. Furthermore, the increasing product application in the cosmetics and personal care industry in various products, such as creams, lotions, and masks due to its hydration, anti-inflammatory effects, is positively impacting the market growth. In addition to this, the growing adoption of seaweed in the pharmaceutical industry for its medicinal properties, such as bioactive compounds with antimicrobial, antiviral, and anti-inflammatory properties, is providing a considerable boost to the market growth. Besides this, the increasing demand for seaweed-based feeds that offer various benefits, including enhanced growth rates, improved immune systems, and reduced environmental impact, is favoring the market growth. Looking forward, the market value is projected to reach US$ 17.8 Billion by 2032, expanding at a CAGR of 8.6% during 2024-2032.

Market Summary:

  • Based on the environment, the market has been bifurcated into aquaculture and wild harvest. According to the report, aquaculture represents the largest segment.
  • On the basis of the product, the market has been divided into red, brown, and green. According to the report, red seaweed accounts for the largest market share.
  • Based on the application, the market has been categorized into processed foods, direct human consumption, hydrocolloids, fertilizers, animal feed additives, and others.
  • Region-wise, the market has been segmented into Asia Pacific (China, Indonesia, Philippines, South Korea, Malaysia, Vietnam and Others), North America (United States and Canada), Europe (France, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, Argentina, Chile, Peru and Others), and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, and Others). According to the report, Asia Pacific is the largest market for seaweed.
  • The competitive landscape of the market has also been examined, with some of the key players being Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds and Qingdao Gather Great Ocean Algae Industry Group (GGOG).

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Tons
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Environment
  • Product
  • Application
  • Region
Environments Covered Aquaculture, Wild Harvest
Products Covered Red, Brown, Green
Applications Covered Processed Food, Direct Human Consumption, Hydrocolloids, Fertilizers, Animal Feed Fertilizers, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered China, Indonesia, Philippines, South Korea, Malaysia, Vietnam, United States, Canada, France, Italy, Spain, Russia, Brazil, Mexico, Argentina, Chile, Peru, Saudi Arabia, United Arab Emirates, South Africa
Companies Covered Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds and Qingdao Gather Great Ocean Algae Industry Group (GGOG)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Seaweed Market to Reach US$ 17.8 Billion by 2032, Stimulated by Increasing Demand for Sustainable and Eco-Friendly Products
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More