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Report Highlights
The global market for seaweed extract is expected to grow from $17.5 billion in 2024 and is projected to reach $20.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.6% during the forecast period of 2024 to 2029.
Report Includes
- 31 data tables and 34 additional tables
- Analysis of the global market for seaweed extracts
- Analyses of the global market trends, with market revenue data from 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
- Estimates of the market size and growth forecasts and a corresponding market share analysis by collection, type, form, application, and region
- Facts and figures pertaining to the market growth drivers, opportunities and challenges, emerging technologies, regulations, and the impacts of macroeconomic variables
- Overview of the ESG developments in the global market, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices followed
- An analysis of the industry structure, including the major vendors and their market shares, recent M&A activity, and a venture funding outlook
- Profiles of the major global players, including Cargill Inc., Acadian Seaplants Ltd., Algaia SA, DuPont de Nemours Inc., CP Kelco (part of J.M. Huber Corp.)
Report Scope
This report analyzes the global seaweed extract market. It uses 2023 as a benchmark year and offers projections, along with estimations of compound annual growth rates (CAGR), for the forecast period from 2024 to 2029; and it uses supply side to estimate market size. This report covers key aspects of the seaweed extract market, including technological advances, economic factors and business considerations, to provide insights into this market. It outlines the market forces impacting the industry and covers the diverse applications associated with seaweed extract. Furthermore, the report surveys the key players operating in the global market for dried and processed seaweeds. It describes the factors driving market growth and examines the regional dynamics that affect the seaweed extract market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||
| Base year market size | $16.5 billion | ||||||||||||||
| Market size forecast | $20.9 billion | ||||||||||||||
| Growth rate | CAGR of 3.6% for the forecast period of 2024-2029 | ||||||||||||||
| Units considered | $ Millions | ||||||||||||||
| Segments covered | Collection, Type, Form, Application, and Region | ||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||||||
| Countries covered | Chile, Peru, Canada, Mexico, Norway, France, Ireland, Russian Federation, Iceland China, Indonesia, Republic of Korea, Philippines, Australia, United Republic of Tanzania, Morocco, South Africa, and Madagascar | ||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Expanding Aquaculture Industry
- Expanding Applications in Food and Beverage Industry.
- Technological Advancements in Extraction and Processing.
Analyst Credentials
Kunal R. Nagpure– Consultant-Food & Beverage Research
Kunal Nagpure is an accomplished market researcher with over eight years of experience in the F&B, Environment, and Agriculture markets. He is passionate about using his knowledge to help clients make data-driven decisions and achieve their business objectives. With a keen eye for detail and a strong analytical mindset, Kunal has delivered numerous successful research projects that have enabled clients to gain a competitive edge in their respective markets. Academically, Kunal holds a master’s degree in Marketing and Operations and a bachelor’s degree in Biotech Engineering.
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Report Highlights
The global market volume consumption for commercial seaweed reached 31.0 million tons in 2020 and should reach 33.6 million tons by 2025, at a compound annual growth rate (CAGR) of 1.8% during the forecast period of 2020-2025.
Report Includes
- 146 data tables and 40 additional tables
- An overview of the global market for commercial seaweeds within the food processing industry
- Estimation of the market size and analyses of market trends, with data from 2019-2020, and projection of compound annual growth rates (CAGRs) through 2025
- Details of the seaweed farming techniques, seaweed extract production process, hydrocolloids production and processing, CFD techniques in seaweed cultivation, and wild harvesting techniques
- Insights into the current consumption and future demand for commercial seaweed, and assessment of applications such as direct human consumption, and hydrocolloids production
- Evaluation of market size and forecast for commercial seaweed, and market share analysis by application, product and region for key market segments and sub-segments
- Detailed description of the drivers, challenges, and opportunities affecting the growth of the market
- Discussion on the role of socio-economic factors and impact of FDA regulations on commercial seaweed, and highlights of the major growth categories of global seaweeds markets
- Comprehensive company profiles of major market players, including Acadian Seaplants, Cargill, DuPont de Nemours, Gelymar, Irish Seaweeds, Ocean Rainforest and Ocean Harvest Technology
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