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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

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:

  • Aquaculture
  • Wild Harvest
     

Breakup by Product:

  • Red
  • Brown
  • Green
     

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
    • United States
    • Canada
  • 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

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