Commercial Seaweed Market Size - By Product (Brown, Red, Green), By Form (Dry, Wet), By End User (Animal Feed, Food, Biofuels, Pharma & Personal Care) & Forecast, 2024-2032

Description

Commercial Seaweed Market size will record 7.8% CAGR from 2024-2032, due to growing innovations focused on increasing yields and reducing production costs. For instance, in February 2023, Amazon financed the first-ever commercial-scale seaweed farm situated between offshore wind turbines.

Advances in seaweed farming, such as offshore cultivation and integrated multi-trophic aquaculture (IMTA) are improving efficiency and sustainability. The influx of new processing technologies is also enhancing the quality and functionality of seaweed products. The rising adoption of several techniques for drying, extraction, and fermentation for enabling the development of high-value seaweed derivatives will contribute to the market growth.

The overall industry is segmented into product, form, end-user and region.

In terms of form, the wet commercial seaweed market size may record a robust CAGR from 2024 to 2032. Wet seaweed is widely used as a natural biofertilizer due to its high nutrient content which helps to improve soil health and plant growth as well as increase crop yields. It is also utilized as a feed additive in aquaculture and livestock farming for providing essential nutrients that enhance the health and growth rates of animals. Growing usage in the cosmetic industry to offer moisturizing, anti-aging, and antioxidant properties in creams, lotions, and masks for catering to the demand for natural and organic skincare solutions will favor the product demand.

By end-user, the commercial seaweed industry value from the biofuels segment will expand through 2032. The growth can be attributed to the strong need for promising and sustainable feedstocks in biofuel production for the development of renewable energy sources whilst reducing dependence on fossil fuels. The ongoing research and technological advancements for improving the efficiency and cost-effectiveness of converting seaweed biomass into biofuels will boost the segment growth.

Regionally, the Europe commercial seaweed market size may witness significant CAGR through 2032, propelled by the emerging trend of vegetarian, vegan, and flexitarian diets. European governments are developing supportive regulatory frameworks through R&D as well as incentives for sustainable practices to promote seaweed farming and processing. The growing health consciousness among the regional consumers is also driving the demand for seaweed-based food products in the region.

Product Code: 1658

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Methodology & Scope

3.1 Industry ecosystem analysis
- 3.1.1 Value chain
- 3.1.2 Key manufacturers
- 3.1.3 Go to market routes
- 3.1.4 Key distributors
  - 3.1.4.1 New distribution channels
- 3.1.5 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunities
  - 3.2.3.1 New markets/applications
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
  - 3.3.1.1 Technology evolution
  - 3.3.1.2 Sustainable manufacturing
    - 3.3.1.2.1 Green practices
    - 3.3.1.2.2 Decarbonization
- 3.3.2 New raw materials
- 3.3.3 Pricing trends (USD/Ton)
  - 3.3.3.1 North America
  - 3.3.3.2 Europe
  - 3.3.3.3 Asia Pacific
  - 3.3.3.4 Latin America
  - 3.3.3.5 Middle East & Africa
3.4 Regulations & market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Product, 2021-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Red seaweed
5.3 Green seaweed
5.4 Brown seaweed

Chapter 6 Market Size and Forecast, By Form 2021-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 Wet
- 6.2.1 Food
- 6.2.2 Animal feed
- 6.2.3 Pharma & personal care
- 6.2.4 Biofuels
- 6.2.5 Others
6.3 Dry
- 6.3.1 Food
- 6.3.2 Animal feed
- 6.3.3 Pharma & personal care
- 6.3.4 Biofuels
- 6.3.5 Others

Chapter 7 Market Size and Forecast, By End-Use, 2021-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 Animal feed
7.3 Food
7.4 Biofuels
7.5 Pharma & personal care
7.6 Others

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Indonesia
- 8.4.7 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Seasol International
9.2 Indigrow Ltd.
9.3 CP Kelco
9.4 Chase Organics GB Ltd.
9.5 Yan Cheng Hairui Food Co., Ltd.
9.6 Arcadian Seaplants Ltd.
9.7 Mara Seaweed
9.8 Pacific Harvest
9.9 BIOSTADT INDIA LIMITED
9.10 Aquatic Chemicals
9.11 Algea AS
9.12 W Hydrocolloids Inc.
9.13 Qingdao Seawin Biotech Group Co., Ltd.
9.14 Marcel Carrageenan
9.15 Seaweed Energy Solutions AS