Commercial Seaweed market was valued at USD 4,134 Million in 2018 and is estimated to witness a CAGR of 8.7% during forecast period (2019-2025), owing to the increasing adoption of commercial seaweed in cosmetic industry in order to improve the moisture retention properties of various products.

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Key Drivers and Emerging Trends

The commercial seaweed market is predicted to witness a smooth growth curve over the forecast period, because of the increasing use of commercial seaweed as an emulsifying agent, stabilizer, and thickener in salad dressings, dairy products, and ice creams. With the rising population, the use of seaweed as a fertilizer in agriculture industry has increased in order to cater the increasing food demand, which will further expand the market growth. Additionally, rising investments to produce animal feed and natural fertilizers, growing environmental concerns and stringent fuel and emission standards implemented by governments of various countries to encourage the production of biofuels will augment the Commercial Seaweed market size.

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Product Segment Analysis
Red seaweed is forecast to hold the largest share over the forecast period, owing to their growing use in food & beverage industries for food processing. Red seaweed is high in proteins and vitamins, making it a great source of alternative protein. In addition, the ability of red seaweed to lower bad cholesterol, regulate blood sugar levels, and boosts immunity, which is estimated to expand the segment’s growth.

Besides, brown seaweed is estimated to expand at a faster CAGR over the forthcoming years, because of the increasing health awareness and ongoing research and development activities. Further, the increasing use of brown seaweed in agriculture and animal feed industries will augment the Commercial Seaweed market share.

Form Segment Analysis
Liquid form of seaweed is estimated to witness a higher CAGR over the upcoming years, owing to the growing use in functional beverages and cosmetics. Further, the growing use of liquid form seaweed as soil conditioner in plants to provide vitamins, minerals, and enzymes to speed up their growth and make plants stronger and disease-resistant, will expand the market growth. Powdered-based seaweed is estimated to witness a larger share over the forecast period, primarily because of the enlarged shelf-life, reduced operating costs, and convenient storage and transportation, which minimizes the risk of spoilage.

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Regional Insights
Asia Pacific is estimated to witness a faster CAGR over the forecast period, owing to their increasing application in marine plant foods across China, Vietnam, and Japan. The increasing demand for plant-based cosmetics and personal care products among consumers will bolster the market growth.

As per the Commercial Seaweed market research, European market is predicted to hold a larger share over the upcoming years, due to the growing demand for high-quality and natural supplements for several seaweed pharmaceutical industry suppliers and rising drift towards veganism.

Top Market Players

Various notable players operating in the market, include Cargill, Inc., DowDuPont, BRANDT, Roullier Group, COMPO EXPERT, Biostadt India, Acadian Seaplants, CP Kelco, Gelymar, Seasol international, CEAMSA, Seawin biotech among others. Main key players are focussing to new product development, capacity extension and nutritional values in end-products.

Key Developments:

• • In 2021, Australia proliferated seaweed farming start-ups through government support and investments may boost the seaweed market during the forecast period.
  • In 2021, Cargill Incorporated launched a red seaweed powder range, WavePure®, without any chemical modification. The range has WavePure® ADG 8250, a mixture of Gracilaria seaweeds. It helps in maintaining stability in gelled dairy desserts, with limited impact on sensorial profile.
  • In 2020, the Malaysian start-up Rhodomaxx made an appearance into seaweed sector as seaweed does not need any input, freshwater, or land for cultivation. Seaweed farming and processing sectors are experiencing a massive growth in the development of thread, fertilizer, bio-plastics, and leather substitutes, which may help the company expand its busine

Segments covered in the Report:

The Global Commercial Seaweed Market has been segmented based on type, method of harvesting, form, application and key geographies. Based on type, the market is segmented Red Seaweed, Brown Seaweed, Green Seaweed. On the basis of method of harvesting, the market is categorized into aquaculture and wild harvesting. Based on the form, the market is segmented Liquid, Powder and Flakes. On the basis of application, the market is categorized into Food, Feed and Agriculture.

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Key questions answered in this research report:
1- At what pace is Global Seaweed Market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Seaweed Market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation

Global Commercial Seaweed Market By Type

• • Red seaweed
  • Brown seaweed
  • Green seaweed

Global Commercial Seaweed Market By Method of Harvesting

• • Aquaculture
  • Wild harvesting

Global Commercial Seaweed Market By Form

• • Liquid
  • Powder
  • Flakes

Global Commercial Seaweed Market By Application

• •  Dairy products
  • Meat & poultry products
  • Bakery products
  • Confectionery products
  • Others
  •  Feed
  •  Agriculture
  •  Others

Global Commercial Seaweed Market by Region

• North America Commercial Seaweed Market (Option 1: As a part of the free 25% customization)
  • By Type
  • By Method of Harvesting
  • By Form
  • By Application
  • US Market All-Up
  • Canada Market All-Up

• Europe Commercial Seaweed Market (Option 2: As a part of the free 25% customization)

• • By Type
  • By Method of Harvesting
  • By Form
  • By Application
  • UK Market All-Up
  • Germany Market All-Up
  • France Market All-Up
  • Spain Market All-Up
  • Rest of Europe Market All-Up

• Asia-Pacific Commercial Seaweed Market (Option 3: As a part of the free 25% customization)

• • By Type
  • By Method of Harvesting
  • By Form
  • By Application
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • Rest of APAC Market All-Up

• ROW Commercial Seaweed Market (Option 4: As a part of the free 25% customization) 

• • By Type
  • By Method of Harvesting
  • By Form
  • By Application
  • Brazil Market All-Up
  • South Africa Market All-Up
  • Saudi Arabia Market All-Up
  • UAE Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players

• Cargill, Inc.
• DowDuPont
• BRANDT
• Roullier Group
• COMPO EXPERT
• Biostadt India
• Acadian Seaplants
• CP Kelco
• Gelymar
• Seasol international
• CEAMSA
• Seawin biotech