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Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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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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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  • Aquaculture
  • Wild Harvest

At present, aquaculture dominates the market due to the growing application of seaweeds in cosmetics, animal feed, and fertilizers.

Breakup by Product:

  • Red
  • Brown
  • Green

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
    • 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

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


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Key Questions Answered in This Report

The global seaweed market was valued at US$ 6.73 Billion in 2021.

We expect the global seaweed market to exhibit a CAGR of 11.5% during 2022-2027.

The rising demand for seaweed in dietary supplements, owing to its nutritive content, flavor-enhancing,
and weight loss properties, is primarily catalyzing the global seaweed market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
seaweed.

Based on the environment, the global seaweed market has been bifurcated into aquaculture and wild
harvest. Currently, aquaculture holds the majority of the total market share.

Based on the product, the global seaweed market can be segmented into red, brown, and green. Among
these, red seaweed exhibits a clear dominance in the market.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Latin
America, and Middle East and Africa, 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.

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