Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • March 2020 •
  • 109 pages •
  • Report ID: 5878811 •
  • Format: PDF
The global seaweed market reached a production value of US$ 8.8 Billion in 2019. Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that grow in oceans, sea, lakes, rivers, and other water bodies. They are either obtained from aquaculture or wild harvest. Based on the high amount of minerals and vitamins in seaweeds, various hydrocolloids such as agar, alginate, gelatinous substances, and carrageenan can be extracted from them. Owing to several functional and health benefits, they find diversified applications in food & beverages, pharma products, wastewater treatment, bio-refining, and dietary supplements.

The rising demand for seaweed is augmented by the increasing consumption of seaweed in dietary supplements based on its nutritive content, flavor-enhancing, and weight loss properties. Moreover, seaweeds are rich in bioactive compounds, antioxidants, and antimicrobial properties, which makes them suitable for several medical purposes in the pharmaceutical industry. Additionally, the newer applications of seaweed, for instance, as a thickening agent in the textile industry as well as for enhancing yield, improving soil quality and crop protection in the agriculture industry, have also bolstered the product demand in recent times. Furthermore, the increasing investments in several R&D activities, coupled with the rising consumer awareness towards diversified applications of seaweed, are anticipated to catalyze the global seaweed market in the coming years. Looking forward, the analyst expects the market to grow at a CAGR of 7.5% during 2020-2025.

Breakup by Environment:
Aquaculture
Wild Harvest

Breakup by Product:
Red
Brown
Green

Breakup by Application:
Processed Foods
Direct Human Consumption
Hydrocolloids
Fertilizers
Animal Feed Additives
Others

Market Break by Region

Asia Pacific
China
Indonesia
Philippines
South Korea
North Korea
Malaysi
Vietnam
Others
North America
United States
Canada
Europe
France
Italy
Russia
Others
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Others
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Acadian Seaplants, Cargill, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc.

Key Questions Answered in This Report:
How has the global seaweed market performed so far and how will it perform in the coming years?
What is the breakup of the global seaweed market based on the environment?
What is the breakup of the global seaweed market based on the product?
What is the breakup of the global seaweed market based on the application?
What are the key regional markets?
What are the various stages in the value chain of the global seaweed industry?
What are the key driving factors and challenges in the global seaweed market?
What is the structure of global seaweed industry and who are the key players?
What is the degree of competition in the global seaweed market?