Global Commercial Seaweed Market Overview

The Commercial Seaweed Market estimated at USD 17.46 Billion in the year 2023, is projected to reach a revised size of USD 34.27 billion by 2032, growing at a CAGR of 7.78% over the analysis period 2024-2032.

Seaweed refers to the number of species of multicellular, marine algae and it is adaptable product widely used for food in direct human consumption, then animal feed, cosmetics, agriculture, and others. Basically, seaweed is collected from the wild, but now it is increased as commercial seaweed cultivation. Seaweed found in three forms such as brown, red and green seaweed. Furthermore, the seaweed cultivation has increased rapidly as demand has outstripped the supply available from natural resources which leads to growth of the market during forecast period.

In addition, commercial harvesting occurs in about 35 countries, spread among the Northern and Southern Hemispheres, in waters ranging from cold, through temperate, to tropical. According to FAO Fisheries Technical Paper, total annual value of production is estimated at approximately US$ 6 billion of which food products for human consumption represent US$ 5 billion and total annual use by the global seaweed industry is about 8 million tons of wet seaweed. Globally, approximately 1 million tons of wet seaweed are harvested and extracted to produce about 55,000 tons of hydrocolloids, valued at almost US$ 600 million.

Market Dynamics and Factors:

Drivers:

• Commercial seaweed is required to fulfil the consumer diet demand and suppress a certain disease's risk. In addition, commercial seaweed helps to provide adequate yield quality and quantity in the agriculture sector and fulfil the rising demand for hydrocolloids in food & beverages industry which leads to fueled market growth during forecast period.
• Rising the demand for plant-based product, awareness about animal welfare and veganism among the individuals are key factors driving the market growth. Plant based product gaining popularity across several sector such as food and cosmetic industry with resulting perception that plant-based food is safer and healthier as compared to animal-based products. For instance, In June 2020, Bio Marine Ingredient Company funded USD 2.4 million to create new product range of seaweed based with respect to produce plant-based substitutes. Growing the usage of commercial seaweed in pharmaceutical and cosmetic industry is anticipated to drive the growth of the commercial seaweed market. 

Restraints:

• High-cost cultivation process for seaweed, in order to their water management, nutrients, chemicals, water pollution and harvesting process are factors responsible for hindering the market growth during forecast period. In addition, environmental risk related with seaweed cultivation are expected to restraint market growth.

Opportunities:

• Rising the health concern among the population about the seaweed and their product range with other opportunities will expected to growth in projected period. For instance, in January 2019, Algaia started a new variety of seaweed-based texturing solutions named VegAlg, developed to provide shape and structure, and add juiciness to plant-based burgers. This latest product launch would build up its market position in the food industry.

Market Segmentation

Regional Analysis:

• Geographically, commercial seaweed market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. In North America, have highest market share as an increasing cultivation of the seaweed in the country, growing in demand of the seaweed across the end users and plant-based products are stimulating the growth of the seaweed market.
• Asia-Pacific dominates commercial seaweed market, owing to the factors such as low labor cost, adequate availability of raw material of seaweed, and adoption of commercial types of algae in traditional way in countries such as China, Japan, Vietnam are key factors that fueled the market growth as well as hold the major market share.
• In Europe region anticipated to show steady growth as compare the other regions. The demand for high quality natural plant-based product will create an opportunity in upcoming years. Rising investment by manufacturers and R&D activities driving the commercial seaweed market growth.
• Latin America market witness steady growth of the market due to vast geographical are consisting various ocean domains. It is expected to growth in seaweed market in upcoming years. Middle East and Africa commercial seaweed market is still in emerging stage owing to only green algae as an important product, but it is expected to growth in other product segment in future.

Players Covered in Commercial Seaweed market are :

• DowDuPont Inc.
• Cargill Incorporated
• Beijing Leili Agricultural Co. Ltd.
• Organic Irish Seaweed Emerald Isle
• Seaweed Solutions AS
• Nantong Xinlang Seaweeds and Foods Co. Ltd.
• CP Kelco US Inc.
• Groupe Roullier
• J.M. Huber
• Kerry Group Plc.
• Ocean Harvest Technology Ltd.
• Gelymer S.A.
• Corbion N.V.
• Green Ocean Farming UK and other major players.

Key Industry Developments

• In March 2024, Sea6 Energy, a seaweed company launched the world's first large-scale mechanized tropical seaweed farm off the coast of Lombok, Indonesia
• In October 2023, Belize launched a pilot project to convert large amounts of hazardous sargassum seaweed that destroys its pristine beaches into biofuel.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Form
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Commercial Seaweed Market by Type
 5.1 Commercial Seaweed Market Overview Snapshot and Growth Engine
 5.2 Commercial Seaweed Market Overview
 5.3 Red
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Red: Grographic Segmentation
 5.4 Brown
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Brown: Grographic Segmentation
 5.5 Green
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Green: Grographic Segmentation

Chapter 6: Commercial Seaweed Market by Form
 6.1 Commercial Seaweed Market Overview Snapshot and Growth Engine
 6.2 Commercial Seaweed Market Overview
 6.3 Liquid
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Liquid: Grographic Segmentation
 6.4 Powdered
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Powdered: Grographic Segmentation
 6.5 Flakes
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Flakes: Grographic Segmentation

Chapter 7: Commercial Seaweed Market by Application
 7.1 Commercial Seaweed Market Overview Snapshot and Growth Engine
 7.2 Commercial Seaweed Market Overview
 7.3 Agriculture
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Agriculture: Grographic Segmentation
 7.4 Animal Feed
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Animal Feed: Grographic Segmentation
 7.5 Human Food
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Human Food: Grographic Segmentation
 7.6 Other Applications
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Other Applications: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Commercial Seaweed Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Commercial Seaweed Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Commercial Seaweed Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 DOWDUPONT INC.
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CARGILL INCORPORATED
 8.4 BEIJING LEILI AGRICULTURAL CO. LTD.
 8.5 ORGANIC IRISH SEAWEED EMERALD ISLE
 8.6 SEAWEED SOLUTIONS AS
 8.7 NANTONG XINLANG SEAWEEDS AND FOODS CO. LTD.
 8.8 CP KELCO US INC.
 8.9 GROUPE ROULLIER
 8.10 J.M. HUBER
 8.11 KERRY GROUP PLC.
 8.12 OCEAN HARVEST TECHNOLOGY LTD.
 8.13 GELYMER S.A.
 8.14 CORBION N.V.
 8.15 GREEN OCEAN FARMING UK
 8.16 OTHER MAJOR PLAYERS

Chapter 9: Global Commercial Seaweed Market Analysis, Insights and Forecast, 2017-2032
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Red
  9.2.2 Brown
  9.2.3 Green
 9.3 Historic and Forecasted Market Size By Form
  9.3.1 Liquid
  9.3.2 Powdered
  9.3.3 Flakes
 9.4 Historic and Forecasted Market Size By Application
  9.4.1 Agriculture
  9.4.2 Animal Feed
  9.4.3 Human Food
  9.4.4 Other Applications

Chapter 10: North America Commercial Seaweed Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Red
  10.4.2 Brown
  10.4.3 Green
 10.5 Historic and Forecasted Market Size By Form
  10.5.1 Liquid
  10.5.2 Powdered
  10.5.3 Flakes
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Agriculture
  10.6.2 Animal Feed
  10.6.3 Human Food
  10.6.4 Other Applications
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Commercial Seaweed Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Red
  11.4.2 Brown
  11.4.3 Green
 11.5 Historic and Forecasted Market Size By Form
  11.5.1 Liquid
  11.5.2 Powdered
  11.5.3 Flakes
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Agriculture
  11.6.2 Animal Feed
  11.6.3 Human Food
  11.6.4 Other Applications
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Commercial Seaweed Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Red
  12.4.2 Brown
  12.4.3 Green
 12.5 Historic and Forecasted Market Size By Form
  12.5.1 Liquid
  12.5.2 Powdered
  12.5.3 Flakes
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Agriculture
  12.6.2 Animal Feed
  12.6.3 Human Food
  12.6.4 Other Applications
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Commercial Seaweed Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Red
  13.4.2 Brown
  13.4.3 Green
 13.5 Historic and Forecasted Market Size By Form
  13.5.1 Liquid
  13.5.2 Powdered
  13.5.3 Flakes
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Agriculture
  13.6.2 Animal Feed
  13.6.3 Human Food
  13.6.4 Other Applications
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Commercial Seaweed Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Red
  14.4.2 Brown
  14.4.3 Green
 14.5 Historic and Forecasted Market Size By Form
  14.5.1 Liquid
  14.5.2 Powdered
  14.5.3 Flakes
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Agriculture
  14.6.2 Animal Feed
  14.6.3 Human Food
  14.6.4 Other Applications
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion