Global Powdered Seaweed Market, By Type (Red Seaweeds, Brown Seaweeds and Green Seaweeds), Method Harvesting (Aquaculture and Wild Harvesting), Application (Food, Feed, Agriculture, Pharmaceutical and Biotechnological and Others) – Industry Trends and Forecast to 2029.
Powdered Seaweed Market Analysis and Size
Increase in the demands of the seaweeds and related products has resulted in increased seaweed harvesting and market participants have seen tremendous growth during the forecast period. Moreover, the rising population, increasing demands for eco-friendly fertilizers and high applications of seaweed hydrocolloids in the industry verticals are the main factors expected to drive the growth of the market. The rising demands for nutritional food and alginates in the food products and the rising awareness regarding the health benefits are expected to show tremendous growth for the market.
Data Bridge Market Research analyses that the powdered seaweed market was valued at USD 11.00 billion in 2021 and is expected to reach the value of USD 22.08 billion by 2029, at a CAGR of 9.10% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Powdered Seaweed Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Red Seaweeds, Brown Seaweeds and Green Seaweeds), Method Harvesting (Aquaculture and Wild Harvesting), Application (Food, Feed, Agriculture, Pharmaceutical and Biotechnological and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Seasol. (Australia), CP Kelco U.S., Inc. (U.S.), Cargill, Incorporated. (U.S.), ASL (U.S.), DuPont. (U.S.), Biostadt India Limited. (India), AQUATIC CHEMICALS (India), Algea (Norway), W Hydrocolloids, Inc. (Philippines), Gelymar (U.S.), Pacific Harvest (New Zealand), Ceamsa (Spain), Qingdao Seawin Biotech Group Co., Ltd. (China), Marcel Carrageenan (Philippines), Seaweed Solutions AS (Norway)
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Opportunities
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Market Definition
Seaweed, or macroalgae, is defined as thousands of macrospecies, multicellular and marine algae species. The use of seaweed and its isolated is enhances safety, further, reducing the postprandial absorption rates of glucose and lipids rates in humans which helps in the production and development of anti-obesity foods. Increasing demands of eco-friendly fertiliser produced by the powdered seaweed due to its anti-microbial properties is the vital factor expected to escalate the market growth.
Global Powdered Seaweed Market Dynamics
Drivers
- Growing Awareness Regarding the Health Maintenance
The primary factor driving the powdered seaweed market is rising health consciousness among people all over the world. Seaweed is a major source of iodine, which is rare in food items, ingredients, and other items . in addition, it is important to maintain the estrogen and estradiol levels within the body. The use of seaweed and its isolated is enhances safety, further, reducing the postprandial absorption rates of glucose and lipids rates in humans which helps in the production and development of anti-obesity foods. A large number of people of all ages are shifting toward a healthy lifestyle with a healthy diet, which is fuelling the growth of the powdered seaweed market.
- Rising demands 0f Seaweed products
Customers are increasingly using seaweed and related products in meat and bakery products, wherein t helps the retention of water along with gel formation, which is fuelling the growth of the powdered seaweed market. Moreover, growing awareness regarding the nutritional benefits related to seaweeds has been furehr propelling the demands for the powdered seaweed within the developing countries such as China, Indonesia and other South-Asian countries. All these factors are expected to drive the growth of the market.
Opportunities
Seaweed absorbs carbon dioxide as it grows and can be used as a biomass for energy production. In this process the seaweed is crushed and powdered and the water is added to form slurry. With the help of microorganisms, fermentation is carried out and the methane is produced. This methane is ussd as a fuel in gas engines which further produce electricity.
Furthermore, the co-extrusion process associated with the commercial seaweeds offer a wide range of calibers. Continuous investments in the R&D sectors have resulted in producing the enhanxed thickeners, seaweeds and gums. These factors have generated certain lucrative growth opportunities for the powdered seaweed market.
Restraints
The lack of financial support, government engagement, inappropriate marine spatial plans, and any natural calamity resulting in the decline im the production of the seaweeds will act as major restraints on the growth of the powdered seaweeds market in the forecast periods.
This powdered seaweed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the powdered seaweed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Powdered Seaweed Market
The ramifications of COVID-19 continue to reverberate throughout the world. The industries across the world initiated various protocols related to the pandemic such as social distancing and others resulting in affecting the raw material units and the supply chain. The food and beverages sector suffered a rise across the globe due to high consumption of food and related products in the pandemic. The powdered seaweed market experienced significant growth due to its beneficiary qualities and rising awareness regarding health. The powdered seaweed market will hence, grow during the post-covid era.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Powdered Seaweed Market Scope
The powdered seaweed market is segmented on the basis of type, method harvesting and applications. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Red Seaweeds
- Brown Seaweeds
- Green Seaweeds
Method Harvesting
- Aquaculture
- Wild Harvesting
Application
- Food
- Dairy products
- Meat and poultry products
- Confectionary products
- Bakery products
- Others
- Feed
- Agriculture
- Pharmaceutical and Biotechnological
- Others
Powdered Seaweed Market Regional Analysis/Insights
The powdered seaweed market is analysed and market size insights and trends are provided by type, method harvesting and applications as referenced above.
The countries covered in the powdered seaweed market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the powdered seaweed market because of rising consumption of the powdered seaweeds across the developing countries such as China, Indonesia and other South-Asian having the traditional and medical importance within the region.
Europe will be the growing region during the forecast period of 2022-2029 due to the rising demands of seaweed and related products and the increased investments in the R&D sectors of the various end-user industries.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Powdered Seaweed Market Share Analysis
The powdered seaweed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to powdered seaweed market.
Some of the major players operating in the powdered seaweed market are:
- Seasol. (Australia)
- CP Kelco U.S., Inc. (U.S.)
- Cargill, Incorporated. (U.S.)
- ASL (U.S.)
- DuPont. (U.S.)
- Biostadt India Limited. (India)
- AQUATIC CHEMICALS (India)
- Algea (Norway)
- W Hydrocolloids, Inc. (Philippines)
- Gelymar (U.S.)
- Pacific Harvest (New Zealand)
- Ceamsa (Spain)
- Qingdao Seawin Biotech Group Co., Ltd. (China)
- Marcel Carrageenan (Philippines)
- Seaweed Solutions AS (Norway)
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