Commercial Seaweed Market Insights
According to the new report titled " "
The valuation of the Commercial Seaweeds market was $11.52 Billion in 2023 and is projected to reach $15.28 Billion by 2032, at a CAGR of 2.53% from 2021 to 2032.
The seaweed industry is booming! In 2023, it was worth a whopping $11.52 billion and is expected to keep growing by a steady 2.53% each year. Seaweed is a type of marine plant that's packed with nutrients and has been used for centuries in food, medicine, and even farming. Today, it's a hot commodity in the food industry because people are becoming increasingly health-conscious and are looking for more sustainable plant-based ingredients. You'll find seaweed in everything from sushi to soups, salads, and even snacks. It's also a great natural food coloring agent. As Asian cuisine becomes more popular around the world, the demand for seaweed is skyrocketing. But that's not all! Seaweed is a nutritional powerhouse. It's loaded with vitamins, minerals, antioxidants, and other good stuff that can do wonders for your health. It's anti-inflammatory, boosts your immune system, and helps flush out toxins. So, it's no wonder that seaweed is also being used in health supplements, energy drinks, and other products that are targeted towards people who want to live a healthier, more vibrant life.
Fruit held the largest share in the Commercial Seaweeds market
By Type (Red, Brown, and Green Seaweed) where Red plays a crucial role in the Commercial Seaweeds market. Red commercial seaweeds, also known as red algae, are a diverse group of marine algae that are commercially harvested or cultivated for various industrial, agricultural, and food applications. Red seaweeds are widely used in the food industry for their unique flavors, nutritional value, and functional properties. There is a growing demand for seaweed-based food products, driven by consumer interest in healthy and sustainable alternatives. Red seaweeds such as nori, dulse, and Irish moss are used in a variety of food products including sushi, salads, soups, snacks, and bakery items. Seaweed has long been a staple in Asian cuisines, particularly in Japan, Korea, and China. As Asian cuisines gain popularity worldwide, the demand for red seaweeds used in traditional dishes such as sushi, miso soup, and seaweed salads has increased. Nori, in particular, is in high demand for making sushi rolls and other Japanese dishes. Red seaweeds are rich in vitamins, minerals, antioxidants, and dietary fibers, making them popular among health-conscious consumers. Seaweed is known to have various health benefits, including supporting heart health, promoting digestion, and boosting the immune system. As consumers seek out natural and nutrient-rich foods, the demand for red seaweeds as functional ingredients in health foods, supplements, and superfoods has increased.
Asia-Pacific headed the Commercial Seaweeds market in 2023
Imagine your favorite sushi roll or bowl of miso soup. Both of these dishes wouldn't be complete without seaweed! In Asia, seaweed has been a staple ingredient for centuries in Japan, Korea, China, and Southeast Asia. It adds a unique flavor and texture to sushi, nori rolls, miso soup, and seaweed salads. But seaweed's importance isn't just limited to cooking. It's also a cultural symbol, so people in Asia are always looking for more seaweed to add to their dishes. And as more and more people move to big cities in Asia, they want food that's both tasty and healthy. That's where seaweed comes in! With its packed-with-nutrients goodness, it's a perfect addition to convenient food options. Food companies in Asia are getting creative with seaweed, adding it to all sorts of products like snacks, noodles, sauces, and even drinks. It gives these products a unique flavor and texture, but it also makes them healthier. Plus, seaweed is a bit exotic, so it helps companies stand out in the market. In Asia, countries like Indonesia, China, Japan, and South Korea are leading the way in exporting seaweed-based products to the rest of the world. As more people in the West discover the deliciousness of Asian cuisine, the demand for seaweed is only going to grow. So, if you're looking for a healthy and flavorful ingredient to add to your next meal, reach for some seaweed!
Key market players operating in the market that are profiled in the report are- Acadian Seaplants Limited, Biostadt India Limited, BrandT Consolidated, Inc., Cargill Inc., Chase Organics GB Limited, Compo GmbH & Co. KG, CP Kelco., E.I. Du Pont de Nemours and Company, Gelymar SA, Indigrow Ltd., Leili Group, Roullier Group etc.
Commercial Seaweed Market Report Coverage
| ATTRIBUTES |
DETAILS |
| STUDY PERIOD |
2021-2030 |
| BASE YEAR |
2023 |
| FORECAST PERIOD |
2024-2030 |
| HISTORICAL PERIOD |
2021-2022 |
| UNIT |
VALUE (USD BILLION) |
| KEY COMPANIES PROFILED |
Cargill,Inc., E.I. Du Pontde Nemours and Company, RoullierGroup, BiostadtIndia Limited, Compo GmbH& Co. KG, AcadianSeaplants Limited |
| SEGMENTS COVERED |
By Type - Red, Brown, Green
By Application - Animal Feed, Human Consumption
By Geography - North America, Europe, APAC, Middle East Asia & Rest Of World. |
keyplayers-
- Cargill,Inc.
- E.I. Du Pontde Nemours and Company
- RoullierGroup
- BiostadtIndia Limited
- Compo GmbH& Co. KG
- AcadianSeaplants Limited.
Commercial Seaweed Market Segmentation
By Type
By Application
- Animal Feed
- Human Consumption
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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Research Methodology
The qualitative and quantitative data of the Commercial Seaweed Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.
Secondary research done by Verified Market Reports research team through various sources such as
- Company websites, annual reports, financial reports, investor presentations and SEC filings
- Internal and external proprietary databases, relevant patent, and regulatory databases
- National government documents, statistical databases, and market reports
- News articles, press releases and web-casts specific to the companies operating in the market
- Paid database
The data for total sales was determined through primary research in each of the countries by interviewing key opinion leaders which included insights from
- C-Level Executives
- Marketing Manager, Brand Manager, Product Manager
- Sales Manager, Sales Officer, Regional Sales Manager, Country Manager
- Procurement Manager
- Production Manager
- Technical Personnel
- Distributors
-
The subject matter experts act as a key link to validate and substantiate the key research findings and understandings as the experts have acquired extensive experience in the market over the years. Secondary research data for the Commercial Seaweed Market are collected from the internet, printed documents (company annual reports and research papers) related to the industry, industrial magazines, association findings, government websites, and others. These multiple information sources provide a key outline of the market.
