1 INTRODUCTION 22
1.1 OBJECTIVES OF THE STUDY 22
1.2 MARKET DEFINITION 23
1.3 STUDY SCOPE 23
FIGURE 1 MARKET SEGMENTATION 23
1.4 REGIONS COVERED 24
1.5 INCLUSIONS & EXCLUSIONS 24
TABLE 1 SEAWEED CULTIVATION MARKET: INCLUSIONS & EXCLUSIONS 24
1.6 PERIODIZATION CONSIDERED 25
1.7 CURRENCY CONSIDERED 25
1.8 VOLUME UNIT CONSIDERED 25
TABLE 2 USD EXCHANGE RATES CONSIDERED, 2017–2019 26
1.9 STAKEHOLDERS 26
1.10 SUMMARY OF CHANGES 27

2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
FIGURE 2 SEAWEED CULTIVATION: RESEARCH DESIGN 28
2.1.1 SECONDARY DATA 29
2.1.1.1 Key data from secondary sources 29
2.1.2 PRIMARY DATA 30
2.1.2.1 Breakdown of primary interviews 30
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 30
2.2 MARKET SIZE ESTIMATION 30
2.2.1 BOTTOM-UP APPROACH 31
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 31
2.2.2 TOP-DOWN APPROACH 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 32
2.3 DATA TRIANGULATION 33
FIGURE 6 DATA TRIANGULATION METHODOLOGY 33
2.4 RESEARCH ASSUMPTIONS 34
2.5 LIMITATIONS 35

3 EXECUTIVE SUMMARY 36
TABLE 3 SEAWEED CULTIVATION MARKET SNAPSHOT, (KT), 2020 VS. 2025 36
FIGURE 7 SEAWEED CULTIVATION MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION) 37
FIGURE 8 SEAWEED CULTIVATION MARKET, BY APPLICATION,

2020 VS. 2025 (USD MILLION) 37
FIGURE 9 SEAWEED CULTIVATION MARKET, BY FORM, 2020 VS. 2025 (USD MILLION) 38
FIGURE 10 SEAWEED CULTIVATION MARKET, BY METHOD OF HARVESTING,

2020 VS. 2025 (USD MILLION) 38
FIGURE 11 SEAWEED CULTIVATION MARKET SHARE (VALUE), BY REGION, 2020 39

4 PREMIUM INSIGHTS 40
4.1 OPPORTUNITIES IN THE SEAWEED CULTIVATION MARKET 40
FIGURE 12 INCREASING INDUSTRIAL APPLICATIONS OF SEAWEED EXPECTED TO DRIVE THE MARKET 40
4.2 SEAWEED CULTIVATION MARKET: KEY COUNTRIES, 2020 (VALUE) 41
FIGURE 13 FRANCE PROJECTED TO GROW AT THE HIGHEST GROWTH RATE IN THE SEAWEED CULTIVATION MARKET IN 2020 41
4.3 SEAWEED CULTIVATION MARKET, BY TYPE & REGION, 2020 (VALUE) 41
FIGURE 14 ASIA PACIFIC REGION TO DOMINATE THE MARKET IN 2020 41
4.4 SEAWEED CULTIVATION MARKET, BY METHOD OF HARVESTING, 2020 (VALUE) 42
FIGURE 15 THE AQUACULTURE/INDUSTRIAL METHOD DOMINATED THE MARKET IN 2020 42
4.5 SEAWEED CULTIVATION MARKET, BY APPLICATION, 2020 (VALUE) 42
FIGURE 16 THE FOOD SEGMENT DOMINATED THE MARKET IN 2020 42
4.6 ASIA PACIFIC: SEAWEED CULTIVATION MARKET, BY FORM & COUNTRY, 2020 (VALUE) 43
FIGURE 17 CHINA ACCOUNTED FOR THE LARGEST SHARE IN 2020 43

5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.1.1 MACROECONOMIC INDICATORS 44
5.1.1.1 Trade Scenario: Seaweeds 44
TABLE 4 SEAWEED TRADE SCENARIO FOR HUMAN CONSUMPTION, BY REGION, 2018 45
5.1.1.2 Major seaweed importing countries 45
FIGURE 18 SEAWEED IMPORT, BY COUNTRY, 2016- 2017 (VALUE) 45
FIGURE 19 SEAWEED IMPORTS, BY COUNTRY, 2016-2017 (VOLUME) 46
5.1.1.3 Major seaweed exporting countries 46
FIGURE 20 SEAWEED EXPORTS, BY COUNTRY, 2016- 2017 (VALUE) 46
FIGURE 21 SEAWEED EXPORTS, BY COUNTRY, 2016-2017 (VOLUME) 47
5.2 SEAWEED CULTIVATION MARKET DYNAMICS 47
FIGURE 22 MARKET DYNAMICS: SEAWEED CULTIVATION MARKET 47
5.2.1 DRIVERS 48
5.2.1.1 Functional properties of edible seaweeds and growth in consumer awareness regarding the health benefits of seaweed-based products 48
TABLE 5 DRY MATTER COMPOSITION OF SEAWEED SPECIES IN PERCENTAGE 48
FIGURE 23 HEALTH CREDENTIALS OF SEAWEEDS 49
5.2.1.2 Rise in seaweed farming practices propelled by global demand 50
5.2.1.3 Increasing industrial, agricultural, and feed-related applications 50
5.2.1.4 Rising market for seaweed as a snack product 51
5.2.2 RESTRAINTS 51
5.2.2.1 Natural calamities hindering the production of seaweeds 51
5.2.3 OPPORTUNITIES 52
5.2.3.1 Increase in technological developments 52
5.2.4 CHALLENGES 52
5.2.4.1 Lack of financial support, government engagement, and improper marine spatial plans 52
5.2.4.2 Toxicity associated with the consumption of seaweeds 52
5.3 VALUE CHAIN: FOOD, FEED, AND AGRICULTURAL PRODUCTS 53
FIGURE 24 SEAWEED CULTIVATION MARKET: VALUE CHAIN (FOOD, FEED, & AGRICULTURAL PRODUCTS) 53
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 54
FIGURE 25 REVENUE SHIFT FOR THE SEAWEED CULTIVATION MARKET 54
5.5 PRICING ANALYSIS 54
FIGURE 26 PRICING ANALYSIS, 2018–2025 (USD/TON) 54
TABLE 6 AVERAGE SELLING PRICE 55
5.6 MARKET MAP 56
5.7 TECHNOLOGY ANALYSIS 56
5.8 PATENT ANALYSIS 57
FIGURE 27 REGIONAL ANALYSIS: PATENT APPROVAL FOR SEAWEEDS, 2017–2020 57
TABLE 7 LIST OF IMPORTANT PATENTS PERTAINING TO SEAWEEDS, 2017–2020 58
5.9 CASE STUDY ANALYSIS 59
5.9.1 SAMPLE: SEAWEED CULTIVATION MARKET – GLOBAL FORECAST TO 2025 59

6 IMPACT OF COVID -19 ON THE SEAWEED CULTIVATION MARKET 60
FIGURE 28 COVID-19: GLOBAL PROPAGATION 60
FIGURE 29 COVID-19 PROPAGATION: SELECT COUNTRIES 61
6.1 COVID-19 IMPACT ON THE SEAWEED CULTIVATION MARKET 62
FIGURE 30 CHART OF PRE- & POST-COVID SCENARIOS IN THE SEAWEED CULTIVATION MARKET 62

7 SEAWEED CULTIVATION MARKET, BY PROCESS 63
7.1 INTRODUCTION 63
7.2 SEEDING/NETTING 63
7.3 OPEN SEA TRANSPLANTING 63
7.4 HARVESTING 64
7.5 DRYING 64
7.6 PROCESSING 64
7.7 VALUE CHAIN: SEAWEED CULTIVATION 65
TABLE 8 VALUE ADDITION AT DIFFERENT STAGES OF THE SEAWEED CULTIVATION PROCESS, USD MILLION, 2019 65

8 SEAWEED CULTIVATION MARKET, BY TYPE 66
8.1 INTRODUCTION 67
FIGURE 31 SEAWEED CULTIVATION MARKET SHARE (VALUE), BY TYPE, 2020 VS. 2025 68
TABLE 9 SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 68
TABLE 10 SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 68
8.2 RED SEAWEEDS 69
8.2.1 RED SEAWEEDS ARE LARGELY USED IN VARIOUS FOOD PRODUCTS SUCH AS SOUPS, SALADS, SNACKS, AND SUSHI 69
TABLE 11 RED SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 69
TABLE 12 RED SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018–2025 (KT) 70
8.3 BROWN SEAWEEDS 70
8.3.1 BROWN SEAWEEDS ARE HIGHLY USED IN THE PRODUCTION OF HIGH-GRADE ALGINATES 70
TABLE 13 BROWN SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 71
TABLE 14 BROWN SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (KT) 71
8.4 GREEN SEAWEEDS 72
8.4.1 EMERGING USE OF GREEN SEAWEED IN BIOFUEL PRODUCTION AND WASTEWATER TREATMENT EXPECTED TO DRIVE MARKET GROWTH 72
TABLE 15 GREEN SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 72
TABLE 16 GREEN SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (KT) 72

9 SEAWEED CULTIVATION MARKET, BY METHOD OF HARVESTING 73
9.1 INTRODUCTION 74
FIGURE 32 SEAWEED CULTIVATION MARKET SIZE, BY METHOD OF HARVESTING,

2020 VS. 2025 (USD MILLION) 74
TABLE 17 SEAWEED CULTIVATION MARKET SIZE, BY METHOD OF HARVESTING,
2018–2025 (USD MILLION) 75
9.2 AQUACULTURE/INDUSTRIAL 75
9.2.1 RISE IN THE DEMAND FOR CARRAGEENAN, AGAR-AGAR, AND ALGINATES EXPECTED TO DRIVE THE GROWTH OF AQUACULTURE SEAWEEDS 75
TABLE 18 AQUACULTURE/INDUSTRIAL: SEAWEED CULTIVATION MARKET SIZE,
BY REGION, 2018–2025 (USD MILLION) 76
9.3 WILD HARVESTING/TRADITIONAL 76
9.3.1 GROWTH OF WILD HARVESTED SEAWEEDS IS DECLINING, AS THESE ARE SUSCEPTIBLE TO EASY CONTAMINATION BY HARMFUL SUBSTANCES SUCH AS MERCURY AND ARSENIC 76
TABLE 19 WILD-HARVESTING/TRADITIONAL: SEAWEED CULTIVATION MARKET SIZE,
BY REGION, 2018–2025 (USD MILLION) 77

10 SEAWEED CULTIVATION MARKET, BY FORM 78
10.1 INTRODUCTION 79
FIGURE 33 SEAWEED CULTIVATION MARKET SIZE, BY FORM,

2020 VS. 2025 (USD MILLION) 79
TABLE 20 SEAWEED CULTIVATION MARKET SIZE, BY FORM, 2018–2025 (USD MILLION) 80
10.2 LIQUID 80
10.2.1 VARIED APPLICATIONS OF LIQUID SEAWEEDS IN AGRICULTURE, PHARMACEUTICALS, COSMETICS, ANIMAL FEED, AND OTHERS 80
TABLE 21 LIQUID: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 80
10.3 POWDER 81
10.3.1 USE OF POWDERED SEAWEEDS IN COSMETICS DUE TO THE PRESENCE OF VITAMINS AND B12 AND E 81
TABLE 22 POWDER: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 81
10.4 FLAKES 81
10.4.1 INCREASE IN USAGE AS A SEASONING AGENT EXPECTED TO DRIVE THE SEGMENT 81
TABLE 23 FLAKES: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 81
10.5 SHEETS 82
10.5.1 LOW SHELF LIFE DUE TO SUSCEPTIBILITY TO MOISTURE RETENTION 82
TABLE 24 SHEETS: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 82

11 SEAWEED CULTIVATION MARKET, BY APPLICATION 83
11.1 INTRODUCTION 84
FIGURE 34 SEAWEED CULTIVATION MARKET SIZE (VALUE), BY TYPE, 2020 VS. 2025 84
TABLE 25 SEAWEED CULTIVATION MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 85
11.2 FOOD 85
11.2.1 INCREASING APPLICATION OF SEAWEED EXTRACTS SUCH AS AGAR, CARRAGEENAN, AND ALGINATE IN PROCESSED FOOD DRIVING THE MARKET 85
TABLE 26 FOOD: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 85
TABLE 27 FOOD: SEAWEED CULTIVATION MARKET SIZE, BY SUB-APPLICATION,
2018-2025 (USD MILLION) 86
11.2.2 DAIRY 86
TABLE 28 DAIRY: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 86
11.2.3 MEAT & POULTRY 87
TABLE 29 MEAT & POULTRY: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 87
11.2.4 BAKERY 87
TABLE 30 BAKERY: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 87
11.2.5 CONFECTIONERY 88
TABLE 31 CONFECTIONERY: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 88
11.2.6 OTHER FOOD APPLICATIONS 88
TABLE 32 OTHER FOOD APPLICATIONS: SEAWEED CULTIVATION MARKET SIZE,
BY REGION, 2018-2025 (USD MILLION) 88
11.3 FEED 89
11.3.1 SEAWEEDS ARE SIGNIFICANTLY USED AS A SOURCE OF FEED DUE TO THEIR HIGH PROTEIN CONTENT 89
TABLE 33 FEED: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 89
11.4 AGRICULTURE 90
11.4.1 PRESENCE OF HORMONES SUCH AS AUXINS & GIBBERELLINS IN SEAWEEDS DRIVING THE MARKET FOR SEAWEEDS AS AGRICULTURAL FERTILIZERS 90
TABLE 34 AGRICULTURE: SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 90
11.5 PHARMACEUTICALS 91
11.5.1 BROWN SEAWEEDS HAVE WIDER USAGE IN THE PHARMACEUTICAL INDUSTRY 91
TABLE 35 PHARMACEUTICALS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 91
11.6 OTHER APPLICATIONS 92
11.6.1 INCREASING USAGE OF SEAWEEDS IN BIO-FUEL, INTEGRATED AQUACULTURE, AND WASTEWATER TREATMENT DUE TO HIGH NUTRIENT CONTENT 92
TABLE 36 OTHER APPLICATIONS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 92

12 SEAWEED CULTIVATION MARKET, BY REGION 93
12.1 INTRODUCTION 94
FIGURE 35 SEAWEED CULTIVATION MARKET SHARE (VALUE), BY KEY COUNTRY, 2020 95
TABLE 37 SEAWEED CULTIVATION MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 95
TABLE 38 SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (KT) 95
12.2 ASIA PACIFIC 96
FIGURE 36 ASIA PACIFIC: MAJOR FARMED SEAWEED PRODUCERS (2012–2016) 96
FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT 97
12.2.1 REGULATORY FRAMEWORKS 98
12.2.2 TRADE ANALYSIS 98
12.2.2.1 Import scenario of seaweeds in Asia Pacific countries 98
FIGURE 38 SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VALUE) 99
FIGURE 39 SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VOLUME) 99
12.2.2.2 Export scenario of seaweeds in Asia Pacific countries 99
FIGURE 40 SEAWEED EXPORTS, BY KEY COUNTRY, 2018 (VALUE) 100
FIGURE 41 SEAWEED EXPORTS, BY KEY COUNTRY, 2018 (VOLUME) 100
TABLE 39 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 101
TABLE 40 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY,
2018–2025 (KT) 101
TABLE 41 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 101
TABLE 42 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (KT) 102
TABLE 43 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY METHOD OF HARVESTING, 2018–2025 (USD MILLION) 102
TABLE 44 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 102
TABLE 45 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 103
TABLE 46 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE,
BY FOOD SUB-APPLICATION, 2018–2025 (USD MILLION) 103
12.2.3 CHINA 104
12.2.3.1 Easy availability of raw materials and growth in the aquaculture industry propelling the market for seaweeds in China 104
TABLE 47 CHINA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 104
TABLE 48 CHINA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 104
12.2.4 INDONESIA 105
12.2.4.1 Increase in usage of seaweeds as direct food products, and use of Eucheuma cottonii or Gracilaria into various food products 105
TABLE 49 INDONESIA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 105
TABLE 50 INDONESIA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 105
12.2.5 PHILIPPINES 106
12.2.5.1 Multiple usages of seaweeds expected to drive the growth 106
TABLE 51 PHILIPPINES: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 106
TABLE 52 PHILIPPINES: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (KT) 106
12.2.6 SOUTH KOREA 107
12.2.6.1 Rising market for seaweed as a snack product drives the growth of the market in the country 107
TABLE 53 SOUTH KOREA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 107
TABLE 54 SOUTH KOREA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (KT) 107
12.2.7 JAPAN 108
12.2.7.1 Increase in demand for nori, wakame, and kombu from the food industry propelling the market growth 108
TABLE 55 JAPAN: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 108
TABLE 56 JAPAN: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 108
12.2.8 REST OF ASIA PACIFIC 109
TABLE 57 REST OF ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 109
TABLE 58 REST OF ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 109
12.3 NORTH AMERICA 110
12.3.1 INTRODUCTION 110
12.3.2 REGULATORY FRAMEWORK 110
12.3.2.1 US 110
12.3.2.2 Canada 111
12.3.3 TRADE ANALYSIS 111
TABLE 59 US IMPORT OF SEAWEED, 2014–2016 (TONS) 111
TABLE 60 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 112
TABLE 61 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY, 2018–2025 (KT) 112
TABLE 62 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 112
TABLE 63 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (KT) 113
TABLE 64 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY METHOD OF HARVESTING, 2018–2025 (USD MILLION) 113
TABLE 65 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 113
TABLE 66 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 114
TABLE 67 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE,
BY FOOD SUB-APPLICATION, 2018–2025 (USD MILLION) 114
12.3.4 US 115
12.3.4.1 Seaweed application in dairy products drives the demand for seaweeds in the US 115
TABLE 68 US: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 115
TABLE 69 US: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 115
12.3.5 CANADA 116
12.3.5.1 Seaweeds in Canada are largely used as biostimulant extracts for crops as well as feed supplements 116
TABLE 70 CANADA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 116
TABLE 71 CANADA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 116
12.3.6 MEXICO 117
12.3.6.1 Demand for carrageenan in Mexico in bakery, dairy, and confectionery applications expected to drive the growth of the market 117
TABLE 72 MEXICO: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 117
TABLE 73 MEXICO: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 117
12.4 EUROPE 118
FIGURE 42 EUROPE: MARKET SNAPSHOT 118
12.4.1 REGULATORY FRAMEWORK 119
12.4.2 TRADE ANALYSIS 119
12.4.2.1 Import scenario of seaweeds in European countries 119
TABLE 74 EUROPE: IMPORT OF SEAWEEDS, 2012–2016 (TONNES) 120
FIGURE 43 EUROPE: SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VALUE) 120
FIGURE 44 EUROPE: SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VOLUME) 121
12.4.2.2 Export scenario of seaweeds in European countries 121
TABLE 75 EUROPE: EXPORT OF SEAWEEDS, 2012–2016 (TONNES) 121
FIGURE 45 EUROPE: SEAWEED EXPORTS, BY KEY COUNTRY, 2018 (VALUE) 122
TABLE 76 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 122
TABLE 77 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY,
2018–2025 (KT) 122
TABLE 78 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 123
TABLE 79 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 123
TABLE 80 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY METHOD OF HARVESTING, 2018–2025 (USD MILLION) 123
TABLE 81 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 123
TABLE 82 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 124
TABLE 83 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY FOOD SUB-APPLICATION, 2018–2025 (USD MILLION) 124
12.4.3 FRANCE 125
12.4.3.1 Use of seaweeds in the processed food and confectionery segments fueling the growth of the seaweed cultivation market 125
TABLE 84 FRANCE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 125
TABLE 85 FRANCE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 125
12.4.4 IRELAND 126
12.4.4.1 Demand for seaweeds for application in fertilizers and feed drives the market growth in the country 126
TABLE 86 IRELAND: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 126
TABLE 87 IRELAND: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 126
12.4.5 NORWAY 127
12.4.5.1 Growing industrial & human food application of seaweeds drive the growth of the market in Norway 127
TABLE 88 NORWAY: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 127
TABLE 89 NORWAY: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 127
12.4.6 SPAIN 128
12.4.6.1 Trend of consuming seaweed as sea vegetables growing rapidly in Spain 128
TABLE 90 SPAIN: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 128
TABLE 91 SPAIN: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 128
12.4.7 REST OF EUROPE 129
TABLE 92 REST OF EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 129
TABLE 93 REST OF EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (KT) 129
12.5 REST OF THE WORLD (ROW) 130
12.5.1 INTRODUCTION 130
12.5.2 REGULATORY FRAMEWORK 130
12.5.3 TRADE ANALYSIS 131
TABLE 94 CHILE EXPORTS OF SEAWEED, 2014 TO 2016 (TONS) 131
TABLE 95 ROW: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 131
TABLE 96 ROW: SEAWEED CULTIVATION MARKET SIZE, BY COUNTRY, 2018–2025 (KT) 131
TABLE 97 ROW: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 132
TABLE 98 ROW: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 132
TABLE 99 ROW: SEAWEED CULTIVATION MARKET SIZE, BY METHOD OF HARVESTING, 2018–2025 (USD MILLION) 132
TABLE 100 ROW: SEAWEED CULTIVATION MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 132
TABLE 101 ROW: SEAWEED CULTIVATION MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 133
TABLE 102 ROW: SEAWEED CULTIVATION MARKET SIZE, BY FOOD SUB-APPLICATION, 2018–2025 (USD MILLION) 133
12.5.4 BRAZIL 134
12.5.4.1 The country majorly imports seaweeds to meet the demand for the food processing industry 134
TABLE 103 BRAZIL: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 134
TABLE 104 BRAZIL: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 134
12.5.5 CHILE 135
12.5.5.1 Surge in production as well as demand for Gracilaria is one of the key features of the Chilean seaweed cultivation market 135
TABLE 105 CHILE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 135
TABLE 106 CHILE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (KT) 135
12.5.6 SOUTH AFRICA 136
12.5.6.1 Seaweeds are widely used in generating biomass for biofuel production in South Africa 136
TABLE 107 SOUTH AFRICA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 136
TABLE 108 SOUTH AFRICA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (KT) 136
12.5.7 OTHERS IN ROW 137
TABLE 109 OTHERS IN ROW: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 137
TABLE 110 OTHERS IN ROW: SEAWEED CULTIVATION MARKET SIZE, BY TYPE,
2018–2025 (KT) 137

13 COMPETITIVE LANDSCAPE 138
13.1 OVERVIEW 138
13.2 MARKET RANKING 139
FIGURE 46 TOP FIVE COMPANIES IN THE SEAWEED CULTIVATION MARKET, 2019 139
13.2.1 MARKET SHARE ANALYSIS 139
FIGURE 47 SEAWEED CULTIVATION MARKET: COMPANY MARKET SHARE OF KEY PLAYERS, 2020 139
13.2.2 MARKET EVALUATION FRAMEWORK 140
FIGURE 48 SEAWEED CULTIVATION MARKET: TRENDS IN COMPANY STRATEGIES,
2017–2020 140
13.3 COMPETITIVE SCENARIO 141
13.3.1 EXPANSIONS & INVESTMENTS 141
TABLE 111 EXPANSIONS & INVESTMENTS, 2017–2020 141
13.3.2 ACQUISITIONS 142
TABLE 112 ACQUISITIONS, 2016–2017 142
13.3.3 NEW PRODUCT LAUNCHES 142
TABLE 113 NEW PRODUCT LAUNCHES, 2017–2019 142
13.3.4 AGREEMENTS, JOINT VENTURES, COLLABORATIONS, & PARTNERSHIPS 143
TABLE 114 AGREEMENTS, JOINT VENTURES, COLLABORATIONS, & PARTNERSHIPS, 2017-2020 143
13.4 COVID-19 SPECIFIC COMPANY RESPONSE 145

14 COMPANY EVALUATION MATRIX & COMPANY PROFILES 146
14.1 COMPANY EVALUATION MATRIX (OVERALL MARKET) 146
14.1.1 STARS 146
14.1.2 PERVASIVE PLAYERS 146
14.1.3 EMERGING LEADERS 146
FIGURE 49 SEAWEED CULTIVATION MARKET: COMPANY EVALUATION MATRIX, 2019 147
14.2 COMPETITIVE LEADERSHIP MAPPING (START-UPS/SMES) 147
14.2.1 PROGRESSIVE COMPANIES 147
14.2.2 STARTING BLOCKS 147
14.2.3 RESPONSIVE COMPANIES 148
14.2.4 DYNAMIC COMPANIES 148
FIGURE 50 SEAWEED CULTIVATION MARKET: COMPANY EVALUATION MATRIX, 2019 148
14.3 COMPANY PROFILES 149
(Business overview, Products offered, Recent developments & MnM View)*
14.3.1 DUPONT 149
FIGURE 51 DUPONT: COMPANY SNAPSHOT 149
14.3.2 CARGILL, INCORPORATED 152
FIGURE 52 CARGILL: COMPANY SNAPSHOT 152
14.3.3 GROUPE ROULLIER 154
14.3.4 CP KELCO U.S., INC. 156
14.3.5 ACADIAN SEAPLANTS 159
14.3.6 QINGDAO GATHER GREAT OCEAN ALGAE INDUSTRY GROUP 161
14.3.7 ATSEANOVA 162
14.3.8 THE SEAWEED COMPANY 164
14.3.9 SEAWEED ENERGY SOLUTIONS AS 165
14.3.10 ALGEA 166
14.3.11 GELYMAR 167
14.3.12 SEASOL 168
14.3.13 CEAMSA 171
14.3.14 QINGDAO SEAWIN BIOTECH GROUP CO. LTD. 172
14.3.15 COMPO EXPERT GMBH 174
14.3.16 ALGAIA 176
14.3.17 IRISH SEAWEEDS 178
14.3.18 BEIJING LEILI AGRICULTURAL CO. LTD. 180
14.3.19 MARA SEAWEED 182
14.3.20 AQUAGRI PROCESSING PVT. LTD. 183
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.

15 ADJACENT & RELATED MARKETS 184
15.1 INTRODUCTION 184
15.2 LIMITATIONS 184
15.3 ALGAE PRODUCTS MARKET 185
15.3.1 MARKET DEFINITION 185
15.3.2 MARKET OVERVIEW 185
15.4 ALGAE PRODUCTS MARKET, BY APPLICATION 186
15.4.1 INTRODUCTION 186
TABLE 115 ALGAE PRODUCTS MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 186
15.4.2 FOOD & BEVERAGES 186
TABLE 116 ALGAE PRODUCTS MARKET SIZE IN FOOD & BEVERAGES, BY REGION,
2016–2023 (USD MILLION) 187
15.4.3 NUTRACEUTICALS & DIETARY SUPPLEMENTS 187
TABLE 117 ALGAE PRODUCTS MARKET SIZE IN NUTRACEUTICALS & DIETARY SUPPLEMENTS, BY REGION, 2016–2023 (USD MILLION) 187
15.4.4 FEED 188
TABLE 118 ALGAE PRODUCTS MARKET SIZE IN FEED, BY REGION,
2016–2023 (USD MILLION) 188
15.4.5 PERSONAL CARE PRODUCTS 188
TABLE 119 ALGAE PRODUCTS MARKET SIZE IN PERSONAL CARE PRODUCTS, BY REGION, 2016–2023 (USD MILLION) 189
15.4.6 PHARMACEUTICALS 189
TABLE 120 ALGAE PRODUCTS MARKET SIZE IN PHARMACEUTICALS, BY REGION,
2016–2023 (USD MILLION) 189
15.4.7 OTHER APPLICATIONS 189
TABLE 121 ALGAE PRODUCTS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2023 (USD MILLION) 190
15.5 ALGAE PRODUCTS MARKET, BY REGION 190
15.5.1 NORTH AMERICA 190
TABLE 122 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION) 190
TABLE 123 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY SOURCE,
2016–2023 (USD MILLION) 191
TABLE 124 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY FORM,
2016–2023 (USD MILLION) 191
TABLE 125 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 191
15.5.2 EUROPE 192
TABLE 126 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION) 192
TABLE 127 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY SOURCE,
2016–2023 (USD MILLION) 192
TABLE 128 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY FORM,
2016–2023 (USD MILLION) 192
TABLE 129 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 193
15.5.3 ASIA PACIFIC 193
TABLE 130 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION) 193
TABLE 131 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY SOURCE,
2016–2023 (USD MILLION) 194
TABLE 132 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY FORM,
2016–2023 (USD MILLION) 194
TABLE 133 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 194
15.5.4 REST OF THE WORLD (ROW) 195
TABLE 134 ROW: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 195
TABLE 135 ROW: ALGAE PRODUCTS MARKET SIZE, BY SOURCE,
2016–2023 (USD MILLION) 195
TABLE 136 ROW: ALGAE PRODUCTS MARKET SIZE, BY FORM,
2016–2023 (USD MILLION) 196
TABLE 137 ROW: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 196
15.6 AQUACULTURE PRODUCTS MARKET 196
15.6.1 LIMITATIONS 196
15.6.2 MARKET DEFINITION 197
15.6.3 MARKET OVERVIEW 197
15.6.4 AQUACULTURE PRODUCTS MARKET, BY SPECIES 197
TABLE 138 AQUACULTURE PRODUCTS MARKET SIZE, BY SPECIES,
2016–2023 (USD MILLION) 198
15.6.4.1 Aquatic animals 198
TABLE 139 AQUACULTURE PRODUCTS MARKET SIZE, BY AQUATIC ANIMAL,
2016–2023 (USD MILLION) 198
15.6.4.2 Aquatic plants 199
TABLE 140 AQUACULTURE PRODUCTS MARKET SIZE, BY AQUATIC PLANT,
2016–2023 (USD MILLION) 199
15.6.5 AQUACULTURE PRODUCTS MARKET, BY REGION 199
TABLE 141 AQUACULTURE PRODUCTS MARKET SIZE, BY REGION,
2016–2023 (USD BILLION) 199
15.6.5.1 North America 200
TABLE 142 NORTH AMERICA: AQUACULTURE PRODUCTS MARKET SIZE, BY SPECIES, 2016–2023 (USD MILLION) 200
15.6.5.2 Europe 200
TABLE 143 EUROPE: AQUACULTURE PRODUCTS MARKET SIZE, BY SPECIES,
2016–2023 (USD MILLION) 200
15.6.5.3 Asia pacific 201
TABLE 144 ASIA PACIFIC: AQUACULTURE PRODUCTS MARKET SIZE, BY SPECIES,
2016–2023 (USD MILLION) 201
15.6.5.4 South America 201
TABLE 145 SOUTH AMERICA: AQUACULTURE PRODUCTS MARKET SIZE, BY SPECIES, 2016–2023 (USD MILLION) 201
15.6.5.5 Rest of the World (ROW) 202
TABLE 146 ROW: AQUACULTURE PRODUCTS MARKET SIZE, BY SPECIES,
2016–2023 (USD MILLION) 202

16 APPENDIX 203
16.1 DISCUSSION GUIDE 203
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 207
16.3 AVAILABLE CUSTOMIZATIONS 209
16.4 RELATED REPORTS 209
16.5 AUTHOR DETAILS 210