Global Commercial Seaweed Market is Expected to Grow with 7.3 % CAGR in the Forecast Period of 2022 to 2029

The Global Commercial Seaweed Market is expected to grow with factors such as an increase in adoption of seaweed for hydrocolloids, high nutritional value and health benefits, and increasing demand for seaweed in various industries such as pharmaceuticals, personal care, agriculture, domestic, animal feed, food & beverages.

Commercial seaweed helps to provide better yield quality and quantity in the agriculture sector and fulfill the increasing demand for hydrocolloids in the food & beverages industry and the cosmetics & personal care industry. Recent studies have also shown that commercial seaweed can fight against the COVID-19 virus, and it has a better effect than the existing vaccine. Thus, commercial seaweed is one of the important parameters. However, environmental risk associated with the seaweed and the high amount of iodine and heavy metals present in it are expected to restrain the market growth of commercial seaweeds during the forecasted period.

Global Commercial Seaweed Market Scenario

According to Data Bridge Market Research, the market leader is Cargill, Incorporated, which accounts for an estimated market share of around 15% to 17%. The company has gained outstanding sales through its wide presence. The company has a large number of commercial seaweed products and is involved in strategic initiatives to grow in the global commercial seaweed market.

  • In February 2021, Cargill, Incorporated launched a new product- seaweed powder under WavePure ADG line. The powder is made from pure Gracilaria red seaweed to give a smooth and creamy texture in dairy. This launch has helped Cargill, Incorporated expand its product portfolio and establish a large consumer base that will eventually enhance its revenue

Commercial Seaweed Market Trends Impacting the Market

Now the question is which other regions Cargill, Incorporated, KwangcheonKIm, Acadian SeaPlus, are targeting? Data Bridge Market Research has forecast a large growth in the Europe commercial seaweed market. The market leaders are targeting Germany and France to be their next revenue pockets for 2022.

The global commercial seaweed market is becoming more competitive every year with companies such as Cargill, Incorporated, KwangcheonKIm and Acadian SeaPlus as they are the market leaders for commercial seaweed. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global commercial seaweed market.

Market Developments

  • In February 2019, Cargill, Incorporated launched Red Seaweed Promise to ensure the sustainable processing and harvesting of farmed seaweed to make carragennan, a red seaweed used as a textured ingredient for personal care and food products. This launch has helped Cargill, Incorporated, to establish a strong partnership with the growers and the communities as the production will take place in an environmentally friendly manner
  • In August 2019, KwangcheonKIm launched ‘it’s on jaerae seaweed’ made with Kwangcheonkim. The Korean yakult has a savory taste and aroma from the jeareae seaweed from the kwangcheonklm brand. With this launch, the company has enhanced its products to the customers
  • In November 2021, Cascadia Seaweed partnered with Tsawout First Nation to farm seaweed off James Island. This helped the company to increase the production of seaweed in order to meet the growing demand for seaweeds

Scope of the Global Commercial Seaweed Market

The country-based analysis of the global commercial seaweed market is further analyzed based on further segmentation. The global commercial seaweed market is segmented into four notable segments based on product, form, cultivation, and end-user.

  • On the basis of product, the global commercial seaweed market is segmented into red seaweed, green seaweed, and brown seaweed. On the basis of form, the global commercial seaweed market is segmented into liquid, powdered, and flakes. On the basis of cultivation, the global commercial seaweed market is segmented into onshore cultivation, offshore cultivation, nearshore cultivation, IMTA cultivation, saline aquaculture. On the basis of end-user, the global commercial seaweed market is segmented into food & beverages, pharmaceuticals, agriculture, animal feed, cosmetics & personal care, biofuels, and others.
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Key Pointers Covered in Global Commercial Seaweed Market Industry Trends and Forecast to 2029

  • Market Size
  • Market Standards and Changes
  • Raw Material Import Value
  • Price Analysis
  • Regulatory Framework
  • COVID-19 impact on global commercial seaweed market
  • Production and Consumption Pattern
  • Recent Developments for Market Competitors
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Wild Irish Seaweeds
  • Acadian SeaPlus
  • Organic Irish Seaweed-Emerald Isle
  • KwangcheonKIm
  • Cascadia Seaweed
  • Ocean Rainforest
  • Springtide Seaweed, LLC
  • Earaybio
  • Kai Ho "Oceans Treasure"
  • Aushadh Limited.
  • Shore Seaweed
  • Raw Seaweeds
  • Cargill, Incorporated
  • AtSeaNova
  • Kelp Industries Pty, Ltd.
  • Maine Coast Sea Vegetables
  • Marcel Carrageenan
  • Pacific Harvest
  • Seaweed Solutions AS
  • The Seaweed Company
  • Irish Seaweeds

Above are the key players covered in the report, to know about more and exhaustive list of commercial seaweed companies, contact us

Research Methodology: Global Commercial Seaweed Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturers, Food Industrialists, Pharmaceuticals and Biotechnological Researchers
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.

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