The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global seaweed market reached a production value of US$ 11.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that grow in oceans, sea, lakes, rivers, and other water bodies. They are either obtained from aquaculture or wild harvest. Based on the high amount of minerals and vitamins in seaweeds, various hydrocolloids such as agar, alginate, gelatinous substances, and carrageenan can be extracted from them. Owing to several functional and health benefits, they find diversified applications in food & beverages, pharma products, wastewater treatment, bio-refining, and dietary supplements.
The rising demand for seaweed is augmented by the increasing consumption of seaweed in dietary supplements based on its nutritive content, flavor-enhancing, and weight loss properties. Moreover, seaweeds are rich in bioactive compounds, antioxidants, and antimicrobial properties, which makes them suitable for several medical purposes in the pharmaceutical industry. Additionally, the newer applications of seaweed, for instance, as a thickening agent in the textile industry as well as for enhancing yield, improving soil quality and crop protection in the agriculture industry, have also bolstered the product demand in recent times. Furthermore, the increasing investments in several R&D activities, coupled with the rising consumer awareness towards diversified applications of seaweed, are anticipated to catalyze the global seaweed market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global seaweed market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on environment, product and application.
Breakup by Environment:
Breakup by Product:
Breakup by Application:
Breakup by Region
The competitive landscape of the industry 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, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc.
|Base Year of the Analysis||2020|
|Units||US$ Billion, Million Tons|
|Segment Coverage||Environment, Product, Application, Region|
|Region 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 $ 2299
Five User License $ 3399
Corporate License $ 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)|
The global seaweed market was valued at US$ 11.5 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt on extracting activities of seaweeds.
The increasing consumption of seaweed in dietary supplements based on its nutritive content, flavor-enhancing, and weight loss properties, represents one of the key factors catalyzing the global seaweed market.
Based on the environment, the global seaweed market can be bifurcated into aquaculture and wild harvest. Currently, aquaculture holds the majority of the total market share.
Based on the product, the global seaweed market has been segmented into red, brown, and green. Among these, red seaweed exhibits a clear dominance in the market.
Based on the application, the global seaweed market can be divided into processed foods, direct human consumption, hydrocolloids, fertilizers, animal feed additives, and others. Currently, direct human consumption represents the largest segment.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global seaweed market include Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at