The global Commercial Seaweed market size is expected to be worth around US$ 40.8 billion by 2030, according to a new report by Vision Research Reports.
The global Commercial Seaweed market size was valued at US$ 17.6 billion in 2020 and is anticipated to grow at a CAGR of 11.8% during forecast period 2021 to 2030.
|Product, Application, Form|
|Cargill Inc.; E.I. Du Pont de Nemours and Company; Roullier 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.; Leili Group; Chase Organics GB Limited; Indigrow Ltd.; Travena Organic Solutions Ltd|
Growing awareness concerning the product’s health benefits along with rising consumption of snacks and food products derived from sea vegetables is anticipated to augment the demand for commercial sea vegetables in food applications.
Rising health awareness among consumers is one of the major factors driving the growth of the market. Some of the key attributes of commercial sea vegetables are that they are one of the major sources of minerals and vitamins in the human body, once consumed. In addition, seaweeds regulate the estradiol and estrogen levels in the body.
The market demand is anticipated to be driven by the growing technological developments in cultivating seaweed coupled with the rising investments in application segments, including animal feed and agriculture.
By Product Analysis
The red seaweed product segment dominated the market and accounted for the largest revenue share of 53.6% in 2020. The segment is expected to witness significant growth over the forecast period on account of its excellent functional attributes.
The key benefits of red algae are their ability to regulate blood sugar levels and lower bad cholesterol. It is also considered a rich source of antioxidants and helps in boosting the immune system and nourishes the skin.
Brown seaweed is the second-largest product segment, accounting for the significant revenue share of 46.92% in 2020. The brown seaweed segment is estimated to register strong growth over the forecast period on account of its widespread utilization in industries such as food & beverage, agriculture, and animal feed.
By Application Analysis
Seaweed is widely used as food for direct human consumption. The Human consumption segment accounts for the largest revenue share of 82.43% in 2020, on the back of a growing population, rising disposable incomes, awareness regarding healthy eating habits among health-conscious consumers, and increased demand for processed food products across the globe.
Commercial seaweed finds application in various food formulations such as toppings, sauces, salad dressings, soups, and gravies. They are also used in different food products, including desserts, candies, jellies, jams, and ice creams, to impart the desired texture.
By Form Analysis
The liquid form of seaweed accounted for the largest share revenue of 53.30% in 2020. The liquid form of seaweed is used as foliar fertilizer and soil conditioner for plants to provide minerals, vitamins, potassium, and enzymes that accelerate their growth.
Seaweed extracts are marketed as biostimulants and liquid fertilizers since they comprise many growth regulators such as auxin, betaines, cytokinins, gibberellins, and macronutrients including K, Ca, and P, and micronutrients including Cu, B, Fe, Zn, Mn, Co, and Mo.
Powdered-based seaweed is likely to witness significant growth of 10.7% over the forecast period on account of their distinguished attributes such as longer shelf-life, low operating costs, and easier storage and transportation, which reduces chances of spoilage. Furthermore
By Regional Analysis
Asia Pacific dominated the market and accounted for the largest revenue share of 77.1%. China is the leading producer of seaweed in the Asia Pacific wherein China, South Korea, and Japan are among the leading consumers of seaweed in the region.
Europe is one of the prominent regions after the Asia Pacific for the production and consumption of seaweed across the globe. The European countries such as Norway, Ireland, and Spain are some of the key producers of seaweed in the region.
The Commercial Seaweed market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Commercial Seaweed market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Commercial Seaweed market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Commercial Seaweed market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Commercial Seaweed market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Commercial Seaweed capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Commercial Seaweed by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Commercial Seaweed market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Commercial Seaweed market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Commercial Seaweed market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Commercial Seaweed industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Commercial Seaweed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Commercial Seaweed market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Commercial Seaweed market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Commercial Seaweed market. These factors have benefited the growth of the global market for Commercial Seaweed. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Commercial Seaweed. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Commercial Seaweed are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: