COMMERCIAL SEAWEED MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Regional Analysis

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The Asia Pacific region has dominated the global commercial seaweed market for the past several decades. Countries like China, Indonesia, Philippines and Japan have been cultivating seaweed for commercial purposes at a large scale with 38.8% share. These countries not only have extensive coastlines conducive for seaweed farming but also have built significant expertise in manufacturing processed seaweed products. Particularly in China, seaweed farming is a major economic activity that generates employment for thousands of people living along the coastal regions. The Chinese seaweed industry is highly organized with major companies controlling domestic as well as international sales. Seaweed exports have been a major source of foreign exchange for China.

The Europe region has emerged as the fastest growing market for commercial seaweed in recent years. Countries like Ireland, Norway and France have invested heavily in seaweed aquaculture to meet the increasing demand from both food and non-food industries. These nations promote seaweed farming as it provides an eco-friendly and sustainable source of income to the coastal communities. Seaweed is also gaining popularity as a healthy food ingredient among European consumers. Many Irish and Norwegian seaweed producers have achieved international product certifications that help them access the lucrative American market as well. The growing health-conscious demographic and stringent regulations around sustainable sourcing are fueling the commercial seaweed consumption in Europe.