PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604559
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604559
The global seaweed-based alternative meat market is estimated to attain US$1,751.506 million in 2030, increasing from US$885.486 million in 2025 at a CAGR of 14.62%.
Seaweed is a type of algae or marine plant that grows in bodies of water like oceans, rivers, and seas. It is a sustainable protein source because it doesn't require fertilizers or fresh water, absorbs a lot of CO2, and produces a lot of it. The worldwide seaweed protein market is also expanding rapidly as a result of the increased use of seaweed protein and extracts. Because of the presence of bioactive substances such as colors, vitamins, phlorotannins, polysaccharides, peptides, minerals, and nutritional effects, seaweed is being used in a variety of sectors.
The growing global population, increasing resilience of plant-based meat, and seaweed's health benefits and cultivation efficiency are projected to boost the seaweed-based alternative meat market. As per the Department of Product Design, Norwegian University of Science and Technology, the global population will be 9.8 billion by 2030. The demand for fresh meat and the scarcity of farmland are expected to shift to alternative protein cultivation, which will not strain the available land. This is significantly projected to increase the production of alternative non-land cultivated protein sources, including seaweed. Additionally, as per the source, over 500 seaweed species are available globally for food. The health benefits associated with seaweed consumption, its efficient production, investments, and research are projected to push the demand, increasing this market's growth.
Global seaweed-based alternative meat market drivers
A major factor pushing the global seaweed-based alternative meat market is the increasing investments in the plant-based food products market. The global plant-based food products, especially the plant-based meat and seafood products category, witnessed a significant investment aimed at developing production techniques and improving the taste and texture of these products.
The Goof Food Institute, or GFI, in its report, stated that the total global investment in the plant-based food sector reached about US$8.5 billion in 2023. The agency stated that the total investment in plant-based meat, seafood, eggs, and dairy products reached US$907.7 million, which accounted for about 11% of the total plant-based food industry globally.
GFI further stated that various countries have also introduced new policies and regulations aimed at boosting the demand for the plant-based food market in their respective nations. It further noted that Canada invested about US$110 million, for public funding to boost and support the plant-based protein market in the nation. Similarly, the UK and German governments also introduced major policies and investment plans to grow alternative protein research and development in their countries.
Global seaweed-based alternative meat market geographical outlook
The North American region is forecasted to witness significant growth in the global seaweed-based alternative meat market. The North American region, especially the USA, Canada, and Mexico, are among the biggest meat consumers globally. This region also witnessed significant growth in its total vegetarian and vegan population, which is expected to push the plant-based meat products market. The Great Green Wall organization, in its report, stated that Mexico is home to the second largest vegetarian population in the globe, with about 19% of the total population of the nation being vegetarian. Similarly, Canada's total population of vegetarians was recorded at about 9.4% in 2023.
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