Commercial Seaweed Market
Commercial Seaweed Market Analysis by Product Type (Red, Green, Brown), Form (Liquid, Powdered), End User (Retail/Direct Consumption, Textile Processing, Food Additives, Pharma & Personal Care Ingredients, Paper Manufacturing, Animal Feed Ingredients) & Region by 2032
Analysis of Commercial Seaweed market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Commercial Seaweed Market Outlook (2022-2032)
The global commercial seaweed market is anticipated to expand at an average CAGR of 6.0% and touch a valuation of US$ 20.3 billion by the end of 2032, up from US$ 11.3 billion in 2022.
The seaweed industry holds multiple verticals and carries several varied applications in these verticals. Having so many applications all together expands the market size with the latest technological advancements getting installed in the production process. The rising demand for seafood from commercial entities such as food and beverage, pharmaceuticals, and the cosmetic sector.
The government’s new policies regarding seaweed cultivation have shaped the new-age market dynamics. The trend that influences the most is signing agreements to define the goals and limits along with the focus on economic and environmental sustainability. From toothpaste to salad for dinner, seaweed is consumed in multiple ways like food, fuel, chemical and pharmaceuticals.
The blue growth, also known as the long-term strategy among European countries, supports sustainable growth in the marine and maritime industries. The initiative focuses on fueling the blue economy while sustainably using ocean resources to safeguard the health of the ocean ecosystem. Through seaweed cultivation, the goal is to enhance economic growth while improving livelihoods. Though, the 'blue' economy holds roughly 5.4 million jobs and generates a gross added value of almost €500 billion a year. However, further growth is possible in a few areas which are highlighted within the European strategy, fueling the sales of commercial seaweed.
Countries with wide coastlines have a big chunk of their economy thriving on the concept of blue growth. The integrated benefits of natural, economic, institutional, and social. Local ownership has the potential to generate different benefits for local communities than multinational ownership, both creating varied but strong links between social and economic sustainability. Tourism also involves the consumption of local cuisine. Seaweed, being one of the prominent ingredients, is preferred due to people’s opinion of it being fresh and organic, thriving the demand for commercial seaweed.
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Blue Economy & Commercial Seaweed Agriculture:
As we discussed, Europe’s blue economy shapes all sectoral and cross-sectoral economic activities that are related to the ocean, seas, and coasts. Therefore, smart specialization of any blue economy project becomes important. The rising popularity of seaweed has pushed the sector and has given birth to a more organized ocean-related business that helps the economy grow. The organized blue economy has pushed people to start new businesses around the ocean harvesting that includes Seawood agriculture.
Previously the market thrived with a CAGR of 5.6%. The covid-19 has taken a jibe on most of the markets related to consumables. Therefore, the commercial seaweed market slowed down during this period. Majorly used in garnishing curries, salad, and baked items, seaweed makes the food looks filling and attractive. Along with this, cost-effective harvesting procedures and the ease with which cultivated seaweed can be handled have boosted seaweed farming in important seaweed-producing countries.
Commercial seaweed Market Size (2022)
US$ 11.3 Billion
Projected Market Value (2032)
US$ 20.3 Billion
Global Market Growth Rate (2022-2032)
U.S. Market Value (2022)
US$ 5.0 Billion
UK Market Value (2021)
US$ 1.4 Billion
Farmed Commercial seaweed Share (2022-2032)
Key Companies Profiled
Why is the Global Commercial seaweed Market Growing at a Rapid Pace?
“Long Range of Verticals including Carrageenan applications.”
Seaweed is a multi-billion-dollar industry that provides food, fertilizer, nutritional supplements, and valuable hydrocolloids such as agar, carrageenan, and alginate to people worldwide. In the worldwide seaweed market, diverse end-use applications are projected to create opportunities. The carrageenan extracted from the red variety of seaweed is widely consumed in the FMCG sector as sweeteners in beers and other food items.
“Several Health Benefits Associated with Commercial seaweed”
The world and its constantly changing food habits put any specific food in trend. The concept of superfood has brought seaweed to people’s dinner tables. Whether it is consumed as a salad ingredient or main course, it stands with a high nutritional profile. Comes in green, brown, and red varieties, and it holds a number of vitamins, including B, C, E and K, omega-3 fatty acids, protein, polyphenols, and amino acids.
Comparatively, the seaweed plant provides 10 times more minerals than the land-based plants. Its health benefits fuel the sales, and Fact MR discusses it in detail. While its health benefits are directly proportional to the number of vitamins and nutrients it carries, there is a small number of clinical experiments with the plant. Let's go through the discussed benefits of seaweed in the market:
High Nutritional Value
Different varieties of seaweed contain multiple nutrients and minerals. A study shows that the consumption of marine alga boosts vitamins and minerals without adding many qualities. Other than these, seaweed provides a couple of elements
- Polyunsaturated Fatty Acids
Helpful in Thyroid Function & Diabetes
The thyroid gland controls and releases hormones for energy production, growth, and cellular repair. This type of seaweed and the location in which it has grown impacts its nature, adding iodine contents that help the person with thyroid instability.
While Fiber-rich foods may help with diabetes. This is because high amounts of fiber help regulate Trusted Source blood sugar levels and insulin levels. Adding seaweed to the diet may help boost a person’s fiber intake without a large increase in calories.
Improved Gut Health
Consuming seaweed in any manner can easily enhance gut health due to its high fiber nutrients. As we know, bacteria help food in breaking down and ease digestion, and algae can be an ideal food for the gut.
Which Factor Can Limit Commercial seaweed Sales to Some Extent?
“Natural Disasters & Government Limitations Hampers the Growth”
Rising natural calamities related to the ocean or coastline have hindered the sales of commercial seaweed in different regions. Natural disasters such as typhoons, floods, droughts, earthquakes, volcanic eruptions, and pests & diseases affect the productivity of seaweed farming. While covid-19 has already damaged the supply chain of the commercial seaweed market, the government implementing laws that restrict seaweed agriculture due to its impact on the ocean ecosystem has slowed down the pace of growth. However, vendors have started practising organic ways to plant seaweed around the coastlines.
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Why is the United States the Largest Market for Commercial seaweed?
The United States commercial seaweed market is valued at US$ 2.3 million in 2022 and is expected to reach USD 5.0 Billion by 2032.
The rising consumption of raw seaweed due to its health benefits, along with the rising vegan movement backed up by the superfood industry, has thrived the market in the region. People wanting to start a business are adopting the seaweed agricultural model. The different varieties of seaweed, along with sugar kelp, are grown on acres of land in the US. The hard of getting a permit is one barrier for seaweed cultivation enthusiasts.
The rising application of seaweed in pharmaceutical drug processing coupled with its use as a superfood has increased the demand for seaweed in the region while thriving at a CAGR of 6.5% between 2022 and 2032.
What makes the United Kingdom the fastest growing region for Commercial seaweed in Japan?
The developing seaweed industry in the United Kingdom has made it the highest-growing region in the global marketplace. The market currently holds a value of USD 743 Mn by 2022 and is anticipated to hold USD 1.4 Billion by 2032. The main reason behind the growth is released in the stringent government policies around seaweed businesses.
The region grows at the highest CAGR of 7.7% between 2022 and 2032. Another factor driving the market growth is the long coastline that is available for commercial seaweed cultivation.
Why is Powdered Commercial Seaweed Exhibiting Higher Demand than Liquid Commercial Seaweed?
Based on the form type, powdered commercial seaweed holds the biggest portion of the market, thriving at a CAGR of 6.3%. The factor is its application in the pharmaceuticals and FMCG industry, along with its easy availability and longer shelf life.
What Product Type is the most Preferred in the Commercial Seaweed Market?
Based on product type, green commercial seaweed holds the major share with a CAGR of 5.8%. The factors attributed to the higher sales of a green type of seaweed are its higher health benefits along with the rising demand for veggie-looking seaweed that goes with everything.
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Key Commercial seaweed producers are undertaking research and development to provide all three varieties of seaweed. Better logistics programs to deliver fresh and organic seaweed to the end users is new strategy companies follow. Adopting organic procedure to get permits from the FDA to cultivate seaweed have also become important due to climate change compliances.
- In February 2021, Cargill Foods introduced a new seaweed powder food ingredient for food producers, increasing its line of label-friendly goods. The company claims to be the first in Europe to offer commercial-scale doses of the substance.
- Likewise, the National Algae Research Centre in New Zealand intends to jumpstart the country's commercial seaweed aquaculture industry.
- Pacific Harvest has launched the seaweed recipe portal where the end user can find different seaweed recipes.
Key Segments in Commercial Seaweed Industry Research
By Product Type:
- Red Commercial Seaweed
- Green Commercial Seaweed
- Brown Commercial Seaweed
By End User:
- Retail/Direct Consumption
- Textile Processing
- Food Additives
- Pharma & Personal Care Ingredients
- Paper Manufacturing
- Animal Feed Ingredients
- North America
- Latin America
- FAQs -
The global commercial seaweed market is valued at US$ 11.3 billion in 2022.
Global demand for Commercial seaweed is projected to reach US$ 20.3 billion by 2032.
Consumption of Commercial seaweed is expected to increase at a CAGR of 6.0% through 2032.
The United States market for commercial seaweed is valued at US$ 2.3 Billion in 2022.
The UK commercial seaweed market reached US$ 743 Million in 2022.