NEW
YORK, June 6, 2024 /PRNewswire/ --The
global seaweed market size is estimated to grow by
USD 5.56 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 7.22% during the forecast period. The
paleo diet's rising trend is projected to boost the global seaweed
market. Seaweeds, being a staple in paleo diets, come in three
colors - red, green, and brown. Common paleo seaweeds include
Dulse, used as a snack or spice, Kombu (brown) for flavoring, Nori
for sushi wrapping, and Wakame (green) for salads and miso soup.
The increasing consciousness against processed food is expected to
fuel market growth during the forecast period.
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the snapshot
of this report
Seaweed Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
7.22%
|
Market growth
2024-2028
|
USD 5562.4
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
6.6
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 67%
|
Key
countries
|
China, Indonesia,
Japan, US, and South Korea
|
Key companies
profiled
|
Acadian Seaplants Ltd.,
Beijing Leili Agricultural Co. Ltd, Biostadt India Ltd., Branded
Garden Products Ltd., BRANDT Inc., Cargill Inc., Compagnie
Financiere et de Participations Roullier, COMPO EXPERT GmbH,
Corbion nv, De Smaakspecialist, DuluxGroup Australia Pty Ltd.,
DuPont de Nemours Inc., Gelymar SA, gimMe Health Foods Inc.,
Indigrow Ltd., Irish Seaweeds, J M Huber Corp., Maine Coast Sea
Vegetables Inc., Ocean Harvest Technology Ltd., and West Coast
Marine Bio Processing Corp.
|
Market Driver
The seaweed market is currently seeing significant growth with
various sectors showing strong interest. Consumers are increasingly
seeking out sustainable and healthy food options, leading to
increased demand for seaweed products. Exporters are focusing on
countries like China, Consumer
Preferences are driving the market, with an emphasis on edible
seaweed varieties like brown and red seaweed.
Carbon-based products are also gaining traction. Producers are
exploring new methods to increase yield and improve quality. The
industry is also seeing innovation with the development of new
applications for seaweed, such as in the food, health, and
industrial sectors. Overall, the seaweed market is a growing and
dynamic industry, with many opportunities for businesses to get
involved.
Market Challenges
- The seaweed market faces challenges due to potential health
risks from over-consumption. High nutrient concentrations, such as
vitamin K and iodine, can interfere with medications and pose risks
for certain individuals.
- For instance, excessive vitamin K intake can affect warfarin's
efficacy, while high potassium levels in red seaweed may cause
issues for those with kidney disease. Additionally, high iodine
content in some seaweed types can negatively impact thyroid
function and lead to recalls. These health concerns may hinder
market growth during the forecast period.
- The seaweed market faces several challenges in the industry.
Sustainability is a key concern, as colining and processing require
careful handling to maintain the quality of the product. The cost
of production can be high due to the need for specific growing
conditions and labor-intensive harvesting methods. Additionally,
the market is competitive, with a large number of players producing
and exporting seaweed from various countries.
- Exporting countries like China, Indonesia, and the
Philippines dominate the market, but new markets in
Europe and North America are emerging. The market also
faces regulatory challenges, as food safety and environmental
regulations can impact production and export. Producers must adapt
to these challenges to remain competitive and meet consumer demand
for sustainable and healthy seaweed products.
Research report provides comprehensive data on
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Segment Overview
- Product
- 1.1 Red seaweed
- 1.2 Brown seaweed
- 1.3 Green seaweed
- Application
- 2.1 Agriculture
- 2.2 Animal feed
- 2.3 Human food
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Red seaweed- The seaweed market is
experiencing steady growth due to increasing demand for natural and
sustainable food sources. Key players include China, South
Korea, and Indonesia, who
dominate production and export. Seaweed is used in various
industries, including food, agriculture, and pharmaceuticals,
making it a versatile commodity. Consumers value its nutritional
benefits, such as high protein and iodine content, leading to
continued market expansion.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Seaweed Market encompasses various types of macroalgae,
including Blue, Red, and Brown seaweed. These seaweeds serve
multiple industries and applications. In the Food and Beverages
sector, seaweed is used as a source of Human food, Hydrocolloids,
and Animal feed additives. In the Agriculture industry, seaweed is
utilized as Fertilizers and Raw materials. Seaweed finds extensive
use in Aquaculture as feed and for enhancing Immunity enhancement
in farmed species.
Additionally, seaweed compounds are employed in Personal care,
Pharmaceuticals, and Biomedicine for Cancer treatment. The market
for seaweed is significant, with strong Export performance from
countries with Rocky shorelines. Seaweed contributes to various
sectors, including Energy, Chemicals, and Food, making it a
versatile and valuable resource.
Market Research Overview
The Seaweed Market encompasses various types of edible and
industrial seaweeds, including Brown, Green, and Red seaweeds.
These seaweeds are sourced from different regions worldwide, such
as the Atlantic, Pacific, and Indian Oceans. The market is driven
by the increasing demand for seaweed-derived products due to their
nutritional benefits and sustainability.
Seaweed is rich in essential minerals, vitamins, and fiber,
making it a popular ingredient in food and beverage industries.
Additionally, it is used in the production of various industrial
applications, such as fertilizers, animal feed, and
pharmaceuticals. The market is expected to grow significantly due
to the rising awareness of health and wellness, as well as the
increasing focus on sustainable agriculture and aquaculture
practices.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Red Seaweed
- Brown Seaweed
- Green Seaweed
- Application
-
- Agriculture
- Animal Feed
- Human Food
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio