Market Overview:
The global seaweed market reached a value of US$ 6.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.85 Billion by 2027, exhibiting a CAGR of 11.5% during 2022-2027. 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. These insights are included in the report as a major market contributor.
Seaweed is a variety of marine plants and algae that grow in the ocean, rivers, lakes, and other bodies of water. It comprises red, green, brown, and black algae that form dense growth on rocky shores or accumulations in shallow water. It is a rich source of iodine and tyrosine that enhance growth, energy production, and the repair of damaged cells in the body. It offers several antioxidants, such as vitamins A, C, and E, carotenoids, and flavonoids, that protect the body from cell damage. It also assists in losing weight as seaweed contains few calories, filling fiber, and fucoxanthin, which boosts the metabolism. As a result, seaweed is widely used in food and beverages, pharma products, wastewater treatment, bio-refining, and dietary supplements.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Seaweed Market Trends:
At present, the increasing awareness among the masses about the benefits of nutritional food products represents one of the key factors propelling the growth of the market. Besides this, there is a rise in the utilization of seaweeds as food and ingredients due to their anti-microbial properties. This, along with the increasing consumption of seaweeds to regulate the estradiol and estrogen levels in the human body, is contributing to the growth of the market. Additionally, there is an increase in the demand for seaweed as a thickening agent in the textile industry across the globe. This, coupled with the growing employment of seaweeds in the agriculture industry to enhance yield, improve soil quality, and enhance crop protection, is positively influencing the market. Moreover, key market players are extensively investing in research and development (R&D) activities to introduce seaweeds as preservatives and gums, which is strengthening the growth of the market. Apart from this, the rising demand for brown seaweeds to manufacture hydrocolloids, such as agar, alginate, and carrageenan, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global seaweed market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on environment, product and application.
Breakup by Environment:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
At present, aquaculture dominates the market due to the growing application of seaweeds in cosmetics, animal feed, and fertilizers.
Breakup by Product:
Presently, red seaweed products exhibit a clear dominance in the market as they are enriched with vitamins and proteins and used in various food preparations.
Breakup by Application:
- Processed Foods
- Direct Human Consumption
- Hydrocolloids
- Fertilizers
- Animal Feed Additives
- Others
On the basis of application, the market has been segmented into processed foods, direct human consumption, hydrocolloids, fertilizers, animal feed additives, and others.
Breakup by Region:
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- Asia Pacific
- China
- Indonesia
- Philippines
- South Korea
- Malaysia
- Vietnam
- Others
- North America
- Europe
- France
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Peru
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Others
The Asia Pacific holds the majority of market share as seaweed is one of the most popular marine plant foods across the region.
Competitive Landscape:
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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| 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: 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) |
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Seaweed Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Forecast
5.4.1 Volume Trends
5.4.2 Value Trends
6 Market Breakup by Environment
6.1 Aquaculture
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wild Harvest
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product
7.1 Red
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Brown
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Green
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Processed Foods
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Direct Human Consumption
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Hydrocolloids
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Fertilizers
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Animal Feed Additives
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 China
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Indonesia
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.1.3 Philippines
9.1.3.1 Market Trends
9.1.3.2 Market Forecast
9.1.4 South Korea
9.1.4.1 Market Trends
9.1.4.2 Market Forecast
9.1.5 Malaysia
9.1.5.1 Market Trends
9.1.5.2 Market Forecast
9.1.6 Vietnam
9.1.6.1 Market Trends
9.1.6.2 Market Forecast
9.1.7 Others
9.1.7.1 Market Trends
9.1.7.2 Market Forecast
9.2 North America
9.2.1 United States
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Canada
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.3 Europe
9.3.1 France
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 Italy
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 Spain
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Russia
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Others
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Argentina
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.4.4 Chile
9.4.4.1 Market Trends
9.4.4.2 Market Forecast
9.4.5 Peru
9.4.5.1 Market Trends
9.4.5.2 Market Forecast
9.4.6 Others
9.4.6.1 Market Trends
9.4.6.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Saudi Arabia
9.5.1.1 Market Trends
9.5.1.2 Market Forecast
9.5.2 United Arab Emirates
9.5.2.1 Market Trends
9.5.2.2 Market Forecast
9.5.3 South Africa
9.5.3.1 Market Trends
9.5.3.2 Market Forecast
9.5.4 Others
9.5.4.1 Market Trends
9.5.4.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Input Supplier
11.2 Farmers
11.3 Processing
11.4 Traders/Distributors
11.5 Retailer
11.6 End-Users
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
13.1 Key Price Indicators
13.2 Price Structure
13.3 Margin Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Acadian Seaplants Limited
14.3.2 Cargill Incorporated
14.3.3 DuPont de Nemours, Inc.
14.3.4 Irish Seaweeds
14.3.5 Leili
14.3.6 Mara Seaweeds
14.3.7 Qingdao Gather Great Ocean Algae Industry Group (GGOG)
List of Figures
Figure 1: Global: Seaweed Market: Major Drivers and Challenges
Figure 2: Global: Seaweed Market: Production Volume (in Million Tons), 2016-2021
Figure 3: Global: Seaweed Market: Production Value (in Billion US$), 2016-2021
Figure 4: Global: Seaweed Market: Breakup by Environment (in %), 2021
Figure 5: Global: Seaweed Market: Breakup by Product (in %), 2021
Figure 6: Global: Seaweed Market: Breakup by Application (in %), 2021
Figure 7: Global: Seaweed Market: Breakup by Region (in %), 2021
Figure 8: Global: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 9: Global: Seaweed Market Forecast: Production Value (in Billion US$), 2022-2027
Figure 10: Global: Seaweed (Aquaculture) Market: Production Volume (in Million Tons), 2016 & 2021
Figure 11: Global: Seaweed (Aquaculture) Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 12: Global: Seaweed (Wild Harvest) Market: Production Volume (in Million Tons), 2016 & 2021
Figure 13: Global: Seaweed (Wild Harvest) Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 14: Global: Seaweed (Red) Market: Production Volume (in Million Tons), 2016 & 2021
Figure 15: Global: Seaweed (Red) Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 16: Global: Seaweed (Brown) Market: Production Volume (in Million Tons), 2016 & 2021
Figure 17: Global: Seaweed (Brown) Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 18: Global: Seaweed (Green) Market: Production Volume (in Million Tons), 2016 & 2021
Figure 19: Global: Seaweed (Green) Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 20: Global: Seaweed (Processed Foods) Market: Consumption Volume (in Million Tons), 2016 & 2021
Figure 21: Global: Seaweed (Processed Foods) Market Forecast: Consumption Volume (in Million Tons), 2022-2027
Figure 22: Global: Seaweed (Direct Human Consumption) Market: Consumption Volume (in Million Tons), 2016 & 2021
Figure 23: Global: Seaweed (Direct Human Consumption) Market Forecast: Consumption Volume (in Million Tons), 2022-2027
Figure 24: Global: Seaweed (Hydrocolloids) Market: Consumption Volume (in Million Tons), 2016 & 2021
Figure 25: Global: Seaweed (Hydrocolloids) Market Forecast: Consumption Volume (in Million Tons), 2022-2027
Figure 26: Global: Seaweed (Fertilizers) Market: Consumption Volume (in Million Tons), 2016 & 2021
Figure 27: Global: Seaweed (Fertilizers) Market Forecast: Consumption Volume (in Million Tons), 2022-2027
Figure 28: Global: Seaweed (Animal Feed Additives) Market: Consumption Volume (in Million Tons), 2016 & 2021
Figure 29: Global: Seaweed (Animal Feed Additives) Market Forecast: Consumption Volume (in Million Tons), 2022-2027
Figure 30: Global: Seaweed (Others) Market: Consumption Volume (in Million Tons), 2016 & 2021
Figure 31: Global: Seaweed (Others) Market Forecast: Consumption Volume (in Million Tons), 2022-2027
Figure 32: Asia Pacific: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 33: Asia Pacific: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 34: China: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 35: China: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 36: Indonesia: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 37: Indonesia: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 38: Philippines: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 39: Philippines: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 40: South Korea: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 41: South Korea: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 42: Malaysia: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 43: Malaysia: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 44: Vietnam: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 45: Vietnam: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 46: Others: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 47: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 48: North America: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 49: North America: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 50: United States: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 51: United States: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 52: Canada: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 53: Canada: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 54: Europe: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 55: Europe: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 56: France: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 57: France: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 58: Italy: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 59: Italy: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 60: Spain: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 61: Spain: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 62: Russia: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 63: Russia: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 64: Others: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 65: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 66: Latin America: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 67: Latin America: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 68: Brazil: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 69: Brazil: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 70: Mexico: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 71: Mexico: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 72: Argentina: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 73: Argentina: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 74: Chile: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 75: Chile: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 76: Peru: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 77: Peru: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 78: Others: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 79: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 80: Middle East and Africa: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 81: Middle East and Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 82: Saudi Arabia: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 83: Saudi Arabia: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 84: United Arab Emirates: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 85: United Arab Emirates: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 86: South Africa: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 87: South Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 88: Others: Seaweed Market: Production Volume (in Million Tons), 2016 & 2021
Figure 89: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 90: Global: Seaweed Industry: SWOT Analysis
Figure 91: Global: Seaweed Industry: Value Chain Analysis
Figure 92: Global: Seaweed Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Seaweed Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Seaweed Market Forecast: Breakup by Environment (in Million Tons), 2022-2027
Table 3: Global: Seaweed Market Forecast: Breakup by Product (in Million Tons), 2022-2027
Table 4: Global: Seaweed Market Forecast: Breakup by Application (in Million Tons), 2022-2027
Table 5: Global: Seaweed Market Forecast: Breakup by Region (in Million Tons), 2022-2027
Table 6: Global: Seaweed Market: Competitive Structure
Table 7: Global: Seaweed Market: Key Players