The global seaweed market reached a production value of US$ 11.5 Billion in 2020. 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. Looking forward, IMARC Group expects the global seaweed market to exhibit strong growth during the next five years.
Breakup by Environment:
Breakup by Product:
Breakup by Application:
- Processed Foods
- Direct Human Consumption
- Hydrocolloids
- Fertilizers
- Animal Feed Additives
- Others
Market Break by Region
- 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
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.
Key Questions Answered in This Report:
The global seaweed market size was valued at US$ 11.5 Billion in 2020.
According to the estimates by IMARC Group, the global seaweed market is expected to witness a CAGR of 11.80% from 2021 to 2026.
The increasing consumption of seaweed in dietary supplements based on its nutritive content, flavor-enhancing, and weight loss properties, represents one of the key drivers for the global seaweed market.
The rising investments in several R&D activities, coupled with the rising consumer awareness towards diversified applications of seaweed in textile and pharmaceutical sectors are some of the key trends in the global seaweed market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of seaweed.
On the basis of the environment, the market has been bifurcated into aquaculture and wild harvest. Currently, aquaculture holds the majority of the total market share.
On the basis of the product, the market has been segmented into red, brown and green. At present, red exhibits a clear dominance in the market.
On the basis of the application, the market has been divided into processed foods, direct human consumption, hydrocolloids, fertilizers, animal feed additives and others. Among these, direct human consumption represents the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global seaweed market are Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc.
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 Indicators
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), 2015-2020
Figure 3: Global: Seaweed Market: Production Value (in Billion US$), 2015-2020
Figure 4: Global: Seaweed Market: Breakup by Environment (in %), 2020
Figure 5: Global: Seaweed Market: Breakup by Product (in %), 2020
Figure 6: Global: Seaweed Market: Breakup by Application (in %), 2020
Figure 7: Global: Seaweed Market: Breakup by Region (in %), 2020
Figure 8: Global: Seaweed Market Forecast: Production Volume (in Million Tons) 2021-2026
Figure 9: Global: Seaweed Market Forecast: Production Value (in Billion US$), 2021-2026
Figure 10: Global: Seaweed (Aquaculture) Market: Production Volume (in Million Tons), 2015 & 2020
Figure 11: Global: Seaweed (Aquaculture) Market Forecast: Production Volume (in Million Tons), 2021 - 2026
Figure 12: Global: Seaweed (Wild Harvest) Market: Production Volume (in Million Tons), 2015 & 2020
Figure 13: Global: Seaweed (Wild Harvest) Market Forecast: Production Volume (in Million Tons), 2021 - 2026
Figure 14: Global: Seaweed (Red) Market: Production Volume (in Million Tons), 2015 & 2020
Figure 15: Global: Seaweed (Red) Market Forecast: Production Volume (in Million Tons), 2021 - 2026
Figure 16: Global: Seaweed (Brown) Market: Production Volume (in Million Tons), 2015 & 2020
Figure 17: Global: Seaweed (Brown) Market Forecast: Production Volume (in Million Tons), 2021- 2026
Figure 18: Global: Seaweed (Green) Market: Production Volume (in Million Tons), 2015 & 2020
Figure 19: Global: Seaweed (Green) Market Forecast: Production Volume (in Million Tons), 2021- 2026
Figure 20: Global: Seaweed (Processed Foods) Market: Consumption Volume (in Million Tons), 2015 & 2020
Figure 21: Global: Seaweed (Processed Foods) Market Forecast: Consumption Volume (in Million Tons), 2021- 2026
Figure 22: Global: Seaweed (Direct Human Consumption) Market: Consumption Volume (in Million Tons), 2015 & 2020
Figure 23: Global: Seaweed (Direct Human Consumption) Market Forecast: Consumption Volume (in Million Tons), 2021 – 2026
Figure 24: Global: Seaweed (Hydrocolloids) Market: Consumption Volume (in Million Tons), 2015 & 2020
Figure 25: Global: Seaweed (Hydrocolloids) Market Forecast: Consumption Volume (in Million Tons), 2021 - 2026
Figure 26: Global: Seaweed (Fertilizers) Market: Consumption Volume (in Million Tons), 2015 & 2020
Figure 27: Global: Seaweed (Fertilizers) Market Forecast: Consumption Volume (in Million Tons), 2021 – 2026
Figure 28: Global: Seaweed (Animal Feed Additives) Market: Consumption Volume (in Million Tons), 2015 & 2020
Figure 29: Global: Seaweed (Animal Feed Additives) Market Forecast: Consumption Volume (in Million Tons), 2021 – 2026
Figure 30: Global: Seaweed (Others) Market: Consumption Volume (in Million Tons), 2015 & 2020
Figure 31: Global: Seaweed (Others) Market Forecast: Consumption Volume (in Million Tons), 2021 – 2026
Figure 32: Asia Pacific: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 33: Asia Pacific: Seaweed Market Forecast: Production Volume (in Million Tons), 2021-2026
Figure 34: China: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 35: China: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 36: Indonesia: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 37: Indonesia: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 38: Philippines: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 39: Philippines: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 40: South Korea: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 41: South Korea: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 42: Malaysia: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 43: Malaysia: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 44: Vietnam: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 45: Vietnam: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 46: Others: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 47: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 48: North America: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 49: North America: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 50: United States: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 51: United States: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 52: Canada: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 53: Canada: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 54: Europe: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 55: Europe: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 56: France: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 57: France: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 58: Italy: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 59: Italy: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 60: Spain: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 61: Spain: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 62: Russia: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 63: Russia: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 64: Others: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 65: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 66: Latin America: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 67: Latin America: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 68: Brazil: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 69: Brazil: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 70: Mexico: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 71: Mexico: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 72: Argentina: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 73: Argentina: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 74: Chile: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 75: Chile: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 76: Peru: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 77: Peru: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 78: Others: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 79: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 80: Middle East and Africa: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 81: Middle East and Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 82: Saudi Arabia: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 83: Saudi Arabia: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 84: United Arab Emirates: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 85: United Arab Emirates: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 86: South Africa: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 87: South Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
Figure 88: Others: Seaweed Market: Production Volume (in Million Tons), 2015 & 2020
Figure 89: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2021 – 2026
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, 2020 and 2026
Table 2: Global: Seaweed Market Forecast: Breakup by Environment (in Million Tons), 2021-2026
Table 3: Global: Seaweed Market Forecast: Breakup by Product (in Million Tons), 2021-2026
Table 4: Global: Seaweed Market Forecast: Breakup by Application (in Million Tons), 2021-2026
Table 5: Global: Seaweed Market Forecast: Breakup by Region (in Million Tons), 2021-2026
Table 6: Global: Seaweed Market: Competitive Structure
Table 7: Global: Seaweed Market: Key Players