Seaweed Biomass Waste Market

Seaweed Biomass Waste Market Outlook (2023 to 2033)

The seaweed biomass waste market size is anticipated to grow from US$ 14,837.8 million in 2023 to US$ 38,918.1 million in 2033. global sales are projected to expand at a rate of 10.1% CAGR over the following ten years (2023 to 2033).

Attributes	Key Insights
Estimated Global Market Size (2023E)	US$ 14,837.8 million
Projected Market Value (2033F)	US$ 38,918.1 million
Value-based CAGR (2023 to 2033)	10.1%
Top 3 Countries’ Value	US$ 4376.9 million

Key Trends Listed by Fact.MR

• Increasing uses of sustainable resources and algae is considered a sustainable and renewable resource
• Growing Interest in Sustainable and Renewable Resources due to rapid growth rate and minimal environmental impact. As society becomes more conscious of sustainable practices, there is an increasing interest in utilizing seaweed as a biomass source.
• Reduce greenhouse gas emissions and contribute to sustainable practices addressing environmental concerns.
• Ongoing research and technological advancements in seaweed processing and utilization have improved the efficiency and feasibility of utilizing seaweed biomass waste.
• New techniques for extracting valuable compounds, streamlining the waste-to-energy conversion process, and making new products from waste have been developed.
• Governments and regulatory bodies in many countries are implementing policies and providing incentives to promote the utilization of seaweed biomass waste
• Industries minimizing waste generation, reducing environmental pollution, and maximizing resource efficiency by extracting additional value from the waste.

Seaweed Biomass Waste is numerous plants that stay inside the ocean. They are critical due to the fact they can make their meals via a technique called photosynthesis, where they use sunlight, carbon dioxide, and vitamins to create energy.

The organic matter or residue left over after growing, collecting, processing, or using seaweed is referred to as seaweed biomass waste. Macroalgae, sometimes referred to as seaweed, is a species of marine plant that thrives in water. There are several uses for it, including the production of food, crops, cosmetics, and biofuels.

There may be leftover biomass that is unused or wasted after seaweed is harvested or processed. This biomass waste may contain seaweed stems, leaves, or undesirable species that are not appropriate for the intended application. It may also include waste materials produced during the processing of seaweed, such as water extracts or residual solids.

Biofuels like bioethanol or biodiesel can be made from discarded seaweed material. These renewable energy sources can be created by fermenting or chemically processing the seaweed's sugars and carbs.

Anaerobic digestion, in which microorganisms break down organic matter to produce biogas predominantly made up of methane and carbon dioxide, can be utilized to decompose waste seaweed biomass. Biogas can be used to generate power, heat homes, or fuel vehicles.

Waste can be processed to obtain useful substances for use in the food, cosmetics, and pharmaceutical sectors, such as bioactive chemicals, polysaccharides, or pigments. Additionally, it can be used to produce fertilizers, animal feed, biofuels, and as a source of nutrients for agricultural uses.

Biomass waste has the potential to be used in composting, where it can contribute to the production of organic fertilizers. This not only reduces waste but also improves soil health and promotes sustainable agricultural practices. As the seaweed business continues to grow, awareness of the proper management and use of seaweed biomass waste has increased. To cultivate and use seaweed in a more sustainable and environmentally friendly way, creative techniques must be found to transform this waste into useful items.

How Has the Market Progressed So Far in 2023?

Market Statistics	Details
Jan to Jun (H1), 2021 (A)	8.9%
Jul to Dec (H2), 2021 (A)	9.5%
Jan to Jun (H1), 2022 Projected (P)	10.2%
Jan to Jun (H1), 2022 Outlook (O)	9.7%
Jul to Dec (H2), 2022 Outlook (O)	11.1%
Jul to Dec (H2), 2022 Projected (P)	10.9%
Jan to Jun (H1), 2023 Projected (P)	9.8%
BPS Change: H1, 2022 (O) to H1, 2022 (P)	45
BPS Change: H1, 2022 (O) to H1, 2021 (A)	80
BPS Change: H2, 2022 (O) to H2, 2022 (P)	-24
BPS Change: H2, 2022 (O) to H2, 2022 (A)	167

2018 to 2022 Global Sales Outlook Compared to Demand Forecast 2023 to 2033

According to the Fact.MR analysis, global sales of seaweed biomass waste grew at a CAGR of 10.6% from 2018 to 2022. Over the next ten years, the waste market is expected to expand at a CAGR of 10.1%.

the utilization of seaweed biomass has continued to expand in several areas. it increases crop yields and promotes plant growth, seaweed extracts, and formulations have been employed as organic fertilizers and soil conditioners. Seaweed is used in aquaculture as food for farmed fish, prawns, and other species.

There is rapid growth in the consumption of algae. Seaweed is a highly sustainable resource as it grows quickly, doesn't need fresh water or fertilizer to be grown, and takes in carbon dioxide from the atmosphere. Seaweed uses less land and water and emits less greenhouse gases than land-based crops do.

Adjacent Markets Overview

Seaweeds Market :

Attributes	Seaweeds Market
CAGR (2023 to 2033)	9.7%
Market Value (2033)	US$ 19,660 million
Growth Factor	Rising knowledge of seaweed's health advantages. Expansion of seaweed production to boost the availability of seaweed-derived goods.
Opportunity	It is projected that the growing use of algal for nutraceutical applications would open up a profitable new revenue stream for algae product makers.
Key Trends	The increased need for macroalgal development. Seaweeds are used to make plant-based protein substitutes more frequently since they are a rich source of protein, which is driving the growth of this industry.

Seaweed Protein Market :

Attributes	Seaweed Protein Market
CAGR (2023 to 2033)	11.3%
Market Value (2033)	US$ 971.7 million
Growth Factor	The global seaweed market is anticipated to be driven by growing animal feed-related applications for seaweed protein. Public knowledge of seaweed is growing as a result of increased consumer health awareness around the consumption of dairy and animal products.
Opportunity	The growing popularity of seaweed proteins for weight loss could significantly impact market expansion.
Key Trends	As the market for health and wellness products grows, consumption of exceptionally nutrient-dense microalgae like spirulina and chlorella is probably going to climb.

Seaweed Derived Minerals Market :

Attributes	Seaweed Derived Minerals Market
CAGR (2023 to 2033)	5.2%
Market Value (2033)	US$ 3,024.6 million
Growth Factor	Encouraging the incorporation of seaweed-derived minerals in food products such as bread, cheese, snacks, ready meals, and frozen meat at the industrial food processing level offer ample opportunities for seaweed-derived minerals manufacturers, as these processed products are the most common route of high salt intake amongst consumers.
Opportunity	As processed foods are the most typical source of high salt intake among consumers, encouraging the incorporation of seaweed-derived minerals in food offers plenty of opportunities for seaweed-derived minerals manufacturers.
Key Trends	It is serving as a salt alternative, and minerals obtained from seaweed also serve as flavor enhancers, which is one of the main causes fuelling market expansion.

Country-wise Insights

North America - CAGR

Country	CAGR (%)
United States	15.3%

Europe - CAGR

Country	CAGR (%)
United Kingdom	8.6%

Asia Pacific - CAGR

Country	CAGR (%)
China	12.6%
India	13.9%
Japan	9.7%

North America - BPS Analysis

Country	BPS Analysis
United States	60

Europe - BPS Analysis

Country	BPS Analysis
United Kingdom	40

Asia Pacific - BPS Analysis

Country	BPS Analysis
China	80
India	110
Japan	50

North America - Market Value (2033)

Country	Market Value (2033)
United States	US$ 1,688.1 million

Europe - Market Value (2033)

Country	Market Value (2033)
United Kingdom	US$ 580.2 million

Asia Pacific - Market Value (2033)

Country	Market Value (2033)
China	US$ 685.1million
India	US$ 760.5 million
Japan	US$ 594.1 million

What are the Reasons that the Sale of Seaweed Biomass Waste will increase in the United States?

Technological Advances Reasons that the United States market within the market.

According to Fact.MR, the US market for seaweed biomass waste will have increased by US$ 1,688.1 million by 2033. With a considerable value share of 33.4% in the North American market, it will consequently be in high demand.

As more customers look for goods that offer supplementary health benefits, the market for functional foods and dietary supplements is growing in the United States. Due to their natural and accessible forms, minerals from seaweed are frequently used in these products. Mineral extraction from biomass waste is becoming more practical and effective because of developments in extraction methods.

Better procedures, like selective extraction and refining techniques, have made it possible to recover minerals from seaweed that are purer and high-quality. Mineral extraction from biomass waste is becoming more practical and effective because of developments in extraction methods. Better procedures, like selective extraction and refining techniques, have made it possible to recover minerals from seaweed that are purer and high-quality.

What are the commercial prospects for Seaweed Biomass Waste in the United Kingdom?

Use of Seaweed Biomass used to create biofuels driving the United Kingdom

According to Fact.MR data, the seaweed biomass waste market in the United Kingdom is expected to rise at a fantastic 8.6% CAGR during the assessment period. By 2033, it is projected that the United Kingdom market would increase to a value of US$ 580.2 million.

The biomass Waste can be utilized as a source of renewable energy through processes such as anaerobic digestion, gasification, or pyrolysis. The United Kingdom government has set ambitious targets for renewable energy generation, and it can contribute to meeting these goals.

Seaweed can be used to create biofuels, such as bioethanol or biogas, which are alternative fuels for vehicles or the production of electricity. Demand for sustainable biofuels is anticipated to rise as attention is drawn to ways to lessen our dependency on fossil fuels.

China Demand Outlook of Seaweed Biomass Waste?

Increasing Use of Fertilizer Production of Seaweed Biomass Waste Boosting Sales in China

Demand for seaweed biomass waste is anticipated to increase steadily in China from 2023 to 2033 at a CAGR of 12.6%. The China market is anticipated to expand by US$ 685.1 million by the end of 2033, according to Fact.MR analysis.

There is a sizable agricultural industry in China, and the need for organic and environmentally friendly fertilizers is rising. Nutrients such as nitrogen, potassium, phosphorus, and trace elements are present in seaweed biomass waste and are valuable for plant growth. It is possible to increase soil fertility, increase crop yields, and support sustainable farming practices by extracting and converting waste into organic fertilizers.

As for worries about chemical residues and environmental sustainability, organic farming practices are becoming more popular in China. Seaweed-based fertilizers offer a natural and environmentally beneficial alternative to conventional chemical fertilizers, and the demand for biomass waste drives the growth of the Chinese fertilizer market. Seaweed-based fertilizers may also improve soil structure and moisture retention through the application.

Category-wise Insights

Which Form of Seaweed Biomass Waste has the highest demand on the market?

Sustainable packaging for natural and nutrient-rich products continues to rise in demand

Based on Form, demand is projected to remain high for the packaging type of seaweed biomass waste during the assessment period. As per Fact.MR, with a CAGR of 7.3%, the packaging type segment is capturing a valuation of US$ 740.5 million in 2033.

Sustainable packaging options that minimize environmental effects and advance the ideas of the circular economy are becoming more popular worldwide. Packaging made of seaweed offers a greener option than conventional plastics made of petroleum. Seaweed is renewable, biodegradable, and frequently compostable, it is a desirable alternative for consumers and businesses who care about the environment.

Customers are looking for goods with a small environmental impact manufactured from natural, renewable resources. Packaging waste derived from seaweed biomass is in line with these expectations because seaweed is a natural and sustainable resource. Seaweed-based packaging materials can provide a unique selling point for brands and attract environmentally conscious consumers.

Which Seaweed Biomass Waste Processing Type is gaining on the global market?

The processing type of seaweed biomass waste for the extraction and production of seaweed extracts and compounds is gaining ground on the global market

The extraction segment is anticipated to thrive at 6.6% CAGR during the projection period to reach a market valuation of US$ 982.5 million in 2033.

The development of numerous goods produced from seaweed is made possible by the ability of extraction techniques to target particular components or classes of compounds. Depending on the intended use, these goods come in the form of extracts, powders, oils, concentrates, and other forms. A variety of consumer items use seaweed extracts as natural additions, flavors, nutritional supplements, and active substances.

The nature of the target chemicals and the desired end products, various extraction techniques can be used. Water extraction, supercritical fluid extraction, enzymatic extraction, solvent extraction, and microwave-assisted extraction are typical extraction methods.

Many different businesses and applications can make use of the materials produced from biomass waste. Seaweed extracts are used as natural additions, flavors, and nutritional supplements in foods and beverages.

In the cosmetics and personal care industry, it is also utilized in skincare, hair care, and cosmetic products. The pharmaceutical sector may be able to use seaweed extracts therapeutically. Additionally, they are bio-pesticides, bio-stimulants, and plant growth promoters in agriculture.

Competitive Landscape

Top producers routinely launch a new line of products to stay up with consumer demand. They are also using strategies including mergers and acquisitions, partnerships, distribution agreements, collaborations, marketing, and celebrity endorsements to gain a competitive edge in the market.

For instance :

• In 2021, Sea6 Energy, An India-Based Seaweed Tech Company, Leads $9 Million Series B with Aqua-Spark
• In 2022, Danone Ventures Arm Invests in Seaweed Based methane-busting feed additive

Scope of the Report

Attributes	Details
Market Size Value in 2023	US$ 14,837.8 million
Market Forecast Value in 2033	US$ 38,918.1 million
Anticipated Growth Rate (2023 to 2033)	10.1% CAGR
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Volume (MT) and Value (US$ Million)
Key Regions Covered	Latin America, North America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa
Key Countries Covered	Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others
Key Market Segments Covered	Form, Processing Type, Application, and Region
Key Companies Profiled	Acadian Seaplants Limited Cargill CP Kelco Gelymar Ocean Harvest Technology Qingdao Gather Great Ocean Algae Industry Group (GGOG) Seasol International Pty Ltd Seaweed Energy Solutions The Seaweed Company Ocean Rainforest AquAgri Processing Pvt. Ltd. Algea AS Mara Seaweed Seagreens Ltd. Algaia

Seaweed Biomass Waste Market by Category

• By Form :

  • Solid Waste
  • Liquid Waste
  • Packaging waste

• By Processing Types :

  • Extraction
  • Drying
  • Composting
  • Fermentation
  • Others

• By Application :

  • Food & Beverages
  • Animal feed
  • Nutraceutical
  • Agriculture
  • Bioenergy and biogas
  • Cosmetics & Personal Care
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa