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

The global commercial seaweed market is estimated to be valued at USD 10.66 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. The global commercial seaweed market has been witnessing steady growth over the past few years. Seaweed refers to macroscopic, multicellular, benthic algae that include various red, green and brown species. They are found in oceans, estuaries, and other salt-based sources around the world. Seaweeds find extensive applications across diverse end-use sectors such as food, pharmaceuticals, agricultural fertilizers, and cosmetics. Rising awareness about seaweed's nutritional benefits and functional properties have boosted its demand in the food industry. Additionally, growing inclination towards organic and natural ingredients is further augmenting the market. Expanding seaweed cultivation areas and technological advancements in harvesting techniques will continue to drive the overall commercial seaweed industry growth during the forecast period.

 Market Dynamics:

The global commercial seaweed market is growing at a rapid pace, owing to various factors such as growing awareness about health benefits of seaweeds, surging demand from the food industry, rising application scope in agriculture sector. Furthermore, ongoing R&D activities to explore potential of seaweeds in industrial applications along with ban on single use plastics in many countries are expected to create numerous growth opportunities for market players over the coming years. However, unstable supply of raw materials along with high production costs associated with seaweed cultivation may hamper the industry progression. Also, lack of standardization in production and government regulations pertaining to seaweed trade pose challenges. Nonetheless, increasing investments to develop innovative seaweed based products and expand cultivation facilities worldwide will help mitigate such hindrances in the long run.

 Key Features of the Study:

• This report provides in-depth analysis of the global commercial seaweed market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global commercial seaweed market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include I. Du Pont de Nemours and Company, Travena Organic Solutions Ltd., Cargill Inc., Roullier Group, Leili Group, Biostadt India Limited, Compo GmbH & Co. KG, Acadian Seaplants Limited, Gelymar SA, BrandT Consolidated, Inc., Seasol International Pty. Ltd., CP Kelco., West Coast Marine Bio-Processing Corp., Chase Organics GB Limited, Indigrow Ltd., Acadian Seaplants, Algaia SA, and The Seaweed Company
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global commercial seaweed market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global commercial seaweed market

Market Segmentation

• By Type:
• • Brown seaweed
  • Red seaweed
  • Green seaweed
• By Form:
• • Leaf
  • Powdered
  • Flakes
• By End-use:
• • Animal Feed
  • Agriculture
  • Human Consumption
  • Others
• By Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • E.I. Du Pont de Nemours and Company
  • Travena Organic Solutions Ltd. 
  • Cargill Inc.
  • Roullier Group
  • Leili Group
  • Biostadt India Limited
  • Compo GmbH & Co. KG
  • Acadian Seaplants Limited
  • Gelymar SA
  • BrandT Consolidated, Inc.
  • Seasol International Pty. Ltd.
  • CP Kelco.
  • West Coast Marine Bio-Processing Corp.
  • Chase Organics GB Limited
  • Indigrow Ltd.
  • Acadian Seaplants
  • Algaia SA
  • The Seaweed Company