The market for seaweed is expected to grow at a CAGR of around 12.9% from 2020 to 2027 and expected to reach the market value of around US$ 14,191.6 Mn by 2027.
Seaweed or sea vegetable is forms of marine algae available in a range of colors including red, green, brown, and black. Basically, these are the source for ocean life that grows along rocky shorelines across the globe. Most commonly it is consumed in Asia Region including Japan, Korea, and China. The benefits of consuming seaweed include thyroid function as it contains iodine and tyrosine, provides vitamins and minerals, a variety of protective antioxidants, provides fiber and polysaccharides that can support gut health, help in weight loss by delaying hunger, may reduce heart disease risk, and it may reduce risk of type 2 diabetes by improving blood sugar control.
Market Dynamics
The growing awareness about the health benefits of seaweed along with the increasing commercial usage in various end-use industries is driving the market growth. The increasing demand for seaweeds as human food and in the manufacturing of hydrocolloids, such as agar, alginate, and carrageenan are further supporting the market growth. A wide range of applications including fertilizers, animal feed, biofuels, and wastewater treatment is further boosting the demand in the global market. Additionally, the benefits associated with the consumption of seaweed in terms of vitamins, minerals, and other beneficial content are bolstering the market value.
On the other side, strict regulation for the consumption in some western countries as well as some of the side effects associated with the excess consumption are the factors likely to limit the growth to an extent over the forecast period from 2020 to 2027.
Segment Instance of Global Seaweed Market Revenue (US$ Mn)
Red seaweed accounted for the maximum share in the global seaweed market
By product type, red seaweed segment is leading the market with maximum revenue share (%). The red algae are commonly sold in dried sheets and used to roll sushi. The red seaweed provides a softer and chewier texture used to add flavor in a variety of dishes and may also be eaten as a dried snack.
Seaweed are having maximum usage across food and beverages sector
Based on application, the food and beverages segment is leading the market with a major revenue share in the global seaweed market. The benefits associated with the consumption of seaweed in terms of vitamins and minerals among others are the primary factor supporting its growth in the food and beverages market. The rising awareness among the people about healthy diets is additionally bolstering segmental growth.
Asia Pacific registered maximum revenue share in the seaweed market
In 2019, Asia Pacific has a potential share (%) in terms of revenue, and the region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The high consumption in areas like Japan, China, and Korea are supporting the regional market value. Additionally, the rising awareness about the health benefits of the product is boosting its demand in the various industrial sectors. The growing demand for seaweed for special drugs, nutraceuticals, cosmetic products, and functional foods in the regional market is contributing to its growth.
On the basis of the same, the region is also anticipated to experience the fastest growth with a major CAGR (%) in near future. The ongoing research and development in seaweed cultivation, as well as the processing of seaweeds together with downstream product development and novel applications, are further propelling the regional market value. Moreover, the rapidly developing country China is the world’s largest combined processor of seaweed hydrocolloids by using its domestically cultivated seaweeds along with the huge amounts of imported raw materials.
Key Market Players
The players profiled in the report include Annie Chun’s Inc., Cargill Inc., Chase Organics, DuPont, GimMe Health Foods, Groupe Roullier, Irish Seaweeds, Maine Coast Sea Vegetables, Mara Seaweed, Qingdao Gather Great Ocean Algae Industry Group (GGOG), and others.
Market Segmentation
Market By Product Type
Red Seaweed
Brown Seaweed
Green Seaweed
Market By Form Type
Liquid
Powdered
Flakes
Market By Application
Food and Beverages
Agriculture
Animal Feed Additives
Pharmaceutical and Biotechnological
Other (Aquaculture, Biomass for Fuel, and Wastewater Treatment)
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Seaweed
1.1. Definition and Scope
1.1.1. Definition of Seaweed
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Seaweed Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Seaweed Market By Product Type
1.2.3. Seaweed Market By Form Type
1.2.4. Seaweed Market By Application
1.2.5. Seaweed Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Seaweed Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Seaweed Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Seaweed Major Manufacturers in 2019
CHAPTER 5. Seaweed Market By Product Type
5.1. Introduction
5.2. Seaweed Revenue By Product Type
5.2.1. Seaweed Revenue (US$ Mn) and Forecast, By Product Type, 2016-2027
5.2.2. Red Seaweed
5.2.2.1. Red Seaweed Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Brown Seaweed
5.2.3.1. Brown Seaweed Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Green Seaweed
5.2.4.1. Green Seaweed Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Seaweed Market Revenue By Form Type
6.1. Introduction
6.2. Seaweed Revenue (US$ Mn) By Form Type
6.2.1. Seaweed Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
6.2.2. Liquid
6.2.2.1. Liquid Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Powdered
6.2.3.1. Powdered Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Flakes
6.2.4.1. Flakes Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Seaweed Market By Application
7.1. Introduction
7.2. Seaweed Revenue (US$ Mn) By Application
7.2.1. Seaweed Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
7.2.2. Food and Beverages
7.2.2.1. Food and Beverages Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Agriculture
7.2.3.1. Agriculture
7.2.4. Animal Feed Additives
7.2.4.1. Animal Feed Additives Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Pharmaceutical and Biotechnological
7.2.5.1. Pharmaceutical and Biotechnological Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.6. Others
7.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Seaweed Market By Country
8.1. North America Seaweed Overview
8.2. U.S.
8.2.1. U.S. Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.2.2. U.S. Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016-2027
8.2.3. U.S. Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Canada
8.3.1. Canada Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.3.2. Canada Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016-2027
8.3.3. Canada Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Seaweed Market By Country
9.1. Europe Seaweed Market Overview
9.2. U.K.
9.2.1. U.K. Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.2.2. U.K. Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016-2027
9.2.3. U.K. Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3. Germany
9.3.1. Germany Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.3.2. Germany Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016-2027
9.3.3. Germany Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4. France
9.4.1. France Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.4.2. France Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016-2027
9.4.3. France Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5. Spain
9.5.1. Spain Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.5.2. Spain Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016-2027
9.5.3. Spain Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.6.2. Rest of Europe Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016-2027
9.6.3. Rest of Europe Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Seaweed Market By Country
10.1. Asia Pacific Seaweed Market Overview
10.2. China
10.2.1. China Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.2.2. China Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
10.2.3. China Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Japan
10.3.1. Japan Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.3.2. Japan Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
10.3.3. Japan Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. India
10.4.1. India Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.4.2. India Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
10.4.3. India Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5. Australia
10.5.1. Australia Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.5.2. Australia Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
10.5.3. Australia Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.6.2. South Korea Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
10.6.3. South Korea Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
10.7.3. Rest of Asia-Pacific Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Seaweed Market By Country
11.1. Latin America Seaweed Market Overview
11.2. Brazil
11.2.1. Brazil Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.2.2. Brazil Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
11.2.3. Brazil Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.3.2. Mexico Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
11.3.3. Mexico Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.4.2. Rest of Latin America Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
CHAPTER 12. Middle East & Africa Seaweed Market By Country
12.1. Middle East & Africa Seaweed Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.2.2. Saudi Arabia Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
12.2.3. Saudi Arabia Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3. UAE
12.3.1. UAE Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.3.2. UAE Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
12.3.3. UAE Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Seaweed Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Seaweed Market Revenue (US$ Mn) and Forecast By Form Type, 2016 - 2027
12.4.3. Rest of Middle East & Africa Seaweed Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 13. Player Analysis Of Seaweed
13.1. Seaweed Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Seaweed Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Annie Chun’s Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Annie Chun’s Inc. 2019 Seaweed Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Cargill Inc.
14.3. Chase Organics
14.4. DuPont
14.5. GimMe Health Foods
14.6. Groupe Roullier
14.7. Irish Seaweeds
14.8. Maine Coast Sea Vegetables
14.9. Mara Seaweed
14.10. Qingdao Gather Great Ocean Algae Industry Group (GGOG)
14.11. Others
