Cargill, Incorporated, DuPont and Acadian Seaplus are Dominating the Global Commercial Seaweed Market in 2020

Global Commercial Seaweed Market is expected to grow with a CAGR of 7.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global commercial seaweed market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global commercial seaweed market are taking various strategic decisions such as acquisition and expansion to enhance their businesses. Hence the commercial seaweed market is growing at a rapid rate.

For instance,

  • In February 2019, According to Food and Beverages News, Cargill has launched a Red Seaweed Promise program to harvest and cultivate red seaweed in sustainable way to ensure long-term sustainable supply chain to support local communities and to conserve marine environment.

Cargill, Incorporated is the dominating player in global commercial seaweed market. The other key players existing in the market includes, DuPont, Marcel Carrageenan, AtSeNova, Beijing Leili Agricultural Co., Ltd, Pacific Harvest, Irish Seaweed, Ocean Rainforest, Indigrow Ltd, Seaweed Solutions AS, Maine Coast Sea Vegetables, Kelp Industries, Pty, Ltd., Organic Irish Seaweed-Emerald Isle, Green Ocean Farming UK, Nantong Xinlang Seaweed & Foods Co., Ltd., The Seaweed Company, Cascadia Seaweed, and KwangcheonKim among others.

Commercial Seaweed MarketCargill, Incorporated

Cargill, Incorporated is headquartered in Minnesota, U.S., and was established in year 1870. The company focuses on producing food, agricultural, financial and industrial products in safe and sustainable way. The company offers wide range of product categories such as Agriculture, Animal Nutrition, Beauty, Bio industrial, Carbon Solutions, Foodservices, Food & Beverages, Industrial, Pharmaceutical, Meat and Poultry, Transportation, Risk Management and market focused category is Food & Beverages.

For instance,

  • In February 2021, Cargill, Incorporated has 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 will help Cargill, Incorporated expand its product portfolio and establish a large consumer base that will eventually enhance its revenue.

The company has wide global presence across Europe, Middle East and Africa, Asia-Pacific, Americas.

DuPont

DuPont is headquartered in Delaware, U.S., the Netherlands, was established in 1987. The company focuses on producing nature based ingredients from orange peel, seaweed, lily pads and others to fulfil consumers need by changing product portfolio and offering wide range of products. The company operates in variety of Commercial Seaweed such as Animal Health Solutions, Animal Feed Enzymes, Antimicrobial, Antioxidants, Extracts and Flavorants, Avicel Cellulose Gel, BetaPower Natural Betaine, Carob Protein, Cellulose Gum, Cultures for Plant Based Food, Dairy Cultures, Dietary Fibers, Emulsifiers, Food Enzymes, Functional Ingredients System, Gellan Gum, Guar Gum, HMOs, Lecithin, Loctus Bean Gum, Meat Cultures, Medium Chain Triglycerides, Methocel and Wellence Modified Cellulose, Pectin, Probiotics, Protein, Seaweed, Succinoglycan, Sweeteners, Xanthan.

For instance,

  • In June 2018, DuPont Nutrition and Health has announced a sustainable seaweed program specifically for hydrocolloid industry in collaboration with Anderson Cabot Centre for Ocean Life. This collaboration and programme will help DuPont spread awareness about seaweed among farmers and harvesters and take one more step towards sustainable practices

The company has wide presence across Europe, Middle East and Africa, Asia-Pacific, Americas.

Acadian Seaplus

Acadian Seaplus headquartered in Nova Scotia, Canada, was founded in 1981. The company focuses on harvesting and processing the seaweeds and providing their consumers with nutraceuticals and wellness products based on the seaweeds which contribute to their well-being. The company offers wide product range such as Ascophyllum Nodosum, Fucus Vesiculosus, Chondrus Crispus, Lamminariadigitata, Palmaria Palmata. The company has presence in Canada only.

For instance,

  • In May 2018, Acadian Seaplus announced a geographical expansion and opened a processing facility in India. The company opened a processing facility in collaboration with a local partner, Standard Pesticides, at Vadodara, Gujarat, in India's Western art. The geographical expansion helped the company in reaching their products to different regions.