Commercial
Seaweed Market Outlook
Commercial
Seaweed Market Size is Anticipated to Reach USD 16.9 billion in 2032 and
Registering CAGR of 10.10% from 2024 to 2032
Based
on type, the global commercial seaweeds market has been segmented
into red seaweeds, brown seaweeds, and green seaweeds. The brown seaweeds
segment is anticipated to gain the largest revenue share in the global
commercial seaweeds market and shall maintain lead throughout the forecast
period. Brown seaweeds contains iodine and tyrosine, which help in maintaining
thyroid function of the body. These are also good source of vitamins and
minerals, such as iron, manganese, copper, vitamin B2, vitamin B1. Moreover,
seaweeds also consist of small amount of vitamins A, C, E, and K along with
folate, zinc, sodium, calcium and magnesium. Thus, these properties help to
improve bone health, balance hormones, reduce fatigue, hypothyroidism, and
menstrual problems. This is a crucial determinant that is boosting the growth
of brown seaweeds segment in the global commercial seaweeds market.
The
global commercial seaweeds market has been segregated, by method of harvesting,
into aquaculture and wild harvesting. The aquaculture segment is expected to
garner major share in the global commercial seaweeds market owing to the factor
that aquaculture harvesting method, causes less harm to seabed and are also
cheap to setup. Furthermore, the same segment is anticipated to project a
higher CAGR during the forecast period due to the rising inclination of seaweed
producers towards aquaculture.
The
global commercial seaweeds market has been segregated, by form, into liquid,
powder, flakes, and others. The liquid segment is anticipated to gain the
largest revenue share in the global commercial seaweeds market and shall
maintain lead throughout the forecast period. The liquid form seaweed is used
in various applications, such as food & beverages, agriculture and feed,
due to its protective antioxidant properties.
By
application, the global commercial seaweeds market has been segmented
into agriculture, animal feed, food & beverages, and others. Food &
beverages segment is further bifurcated into convenience food, dairy &
frozen desserts, meat, poultry, & seafoods, bakery & confectioneries,
and others. The food & beverages segment is expected to garner the highest
revenue share of the global commercial seaweed market owing to the factor that
seaweeds are enriched with nutrients such as high iodine, calcium, magnesium,
iron, vitamin. Furthermore, seaweeds are also used as gelling and thickening
agents in various processed food products such as, dairy drinks, creams,
cheese, and candies.
Regional
Analysis
The
global commercial seaweeds market has been segmented on the basis of region,
into North America, Europe, Asia-Pacific, Rest of the World.
Asia-pacific
is expected to dominate the global commercial seaweeds market owing to
presences various species seaweeds in the region. Countries such as China,
Indonesia and Japan are among the largest suppliers of commercial seaweeds in
the region.
North
America and RoW commercial seaweeds market is expected to grow at a rapid pace
due to the surging prevalence and consumption of commercial seaweeds in the
regions. Moreover, North America is also expected to project a significant
market share owing to the increasing awareness regarding the mineral and
vitamin content of seaweeds. Thus, surging its usage as an ingredient in
various food & beverages products. Moreover, the increasing demand for
clean label and organic food products, has led to usage of seaweeds
as a natural fertilizer in the agriculture industry.
Segmentation
The
global commercial seaweeds market has been segmented based on type, method of
harvesting, form, application and region.
By
type, the global commercial seaweeds market has been classified as red
seaweeds, brown seaweeds, and green seaweeds.
By
method of harvesting, the global commercial seaweeds market has been classified
as aquaculture and wild harvesting.
On
the basis of form, the global commercial seaweeds market has been segmented
into liquid, powder, flakes, and others.
Based
on application, the global commercial seaweeds market has been divided into
food & beverages, animal feed, and agriculture. Food & beverages
segment is further bifurcated into convenience food, dairy & frozen
desserts, meat, poultry, & seafoods, bakery & confectioneries, and
others.
Key
Players
Some
of the key players in the global commercial seaweeds market are Cargill,
Incorporated (US), DowDuPont Inc. (US), Algaia SA (France), Compañía Española
de Algas Marinas S.A. (Spain), Extractos Naturales Gelymar S.A.(Chile), Acadian
Seaplants Limited (Canada), CP Kelco U.S., Inc. (US), Biostadt India Limited
(India), COMPO EXPERT GmbH (Germany), and Compagnie Financiere et de
Participations Roullier S.A. (France).
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