The commercial seaweed market is projected to grow at a CAGR of 7.36% between 2025 to 2030.
Commercial seaweed is an edible type of algae which have a rich source of vitamins and minerals. They are used in various products like food, personal care, healthcare products, etc. The market is expected to grow due to the growing demand for seaweed-based food products is increasing. The increasing application of Commercial seaweed in the pharmaceutical sector is further anticipated to propel the market in the coming years. Growing demand for organic foods is also expected to drive market growth. Moreover, the seaweed extracts like carrageenan, alginate, and agar are gaining popularity which is also expected to fuel the market. The market is segmented into type, form, application, and geography.
The basis of type, the red seaweed is expected to hold a significant share in the market owing to its wide consumption in food, pharmaceutical, and cosmetics. Geographically, Asia Pacific is projected to be a substantial shareholder in the market during the forecasted period due to its large production and domestic consumption in countries like China and Japan. North America is estimated to grow during the forecasted period as growing R&D activities, increasing awareness about its nutritive value, and adoption of seaweed in various industries.
DRIVERS
Increasing application of seaweed in various industries.
Growing demand for edible seaweed.
OPPORTUNITIES
Growing R&D activates.
Seaweed emerging as a snack.
INDUSTRY UPDATE
In January 2019, England proposes the first commercial seaweed farm between the coast of Shoreham and Elmer.
The major players profiled in the Commercial Seaweed market are Biostadt India, Roullier Group, CEAMSA, Seasol International, CP Kelco, Cargill, Seawin Biotech, COMPO Expert, Algea, Algaia, Gleymar, BRANDT, Acadian Seaplant, and DoDowPont
Segmentation
The Commercial Seaweed market been analyzed through the following segments:
By Type
Green Seaweed
Red Seaweed
Brown Seaweed
By Form
Flakes
Powder
Liquid
By Application
Food and Beverage
Pharmaceutical
Personal Care
Agriculture
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others