Product Code: SR1020E78_Report
The global seaweed market reached a production value of US$ 11.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that grow in oceans, sea, lakes, rivers, and other water bodies. They are either obtained from aquaculture or wild harvest. Based on the high amount of minerals and vitamins in seaweeds, various hydrocolloids such as agar, alginate, gelatinous substances, and carrageenan can be extracted from them. Owing to several functional and health benefits, they find diversified applications in food & beverages, pharma products, wastewater treatment, bio-refining, and dietary supplements.
The rising demand for seaweed is augmented by the increasing consumption of seaweed in dietary supplements based on its nutritive content, flavor-enhancing, and weight loss properties. Moreover, seaweeds are rich in bioactive compounds, antioxidants, and antimicrobial properties, which makes them suitable for several medical purposes in the pharmaceutical industry. Additionally, the newer applications of seaweed, for instance, as a thickening agent in the textile industry as well as for enhancing yield, improving soil quality and crop protection in the agriculture industry, have also bolstered the product demand in recent times. Furthermore, the increasing investments in several R&D activities, coupled with the rising consumer awareness towards diversified applications of seaweed, are anticipated to catalyze the global seaweed market in the coming years.
Breakup by Environment:
Breakup by Product:
Breakup by Application:
- Processed Foods
- Direct Human Consumption
- Hydrocolloids
- Fertilizers
- Animal Feed Additives
- Others
- Market Break by Region
- Asia Pacific
- China
- Indonesia
- Philippines
- South Korea
- Malaysia
- Vietnam
- Others
- North America
- United States
- Canada
- Europe
- France
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Peru
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Others
Competitive Landscape:
- The competitive landscape of the industry has also been examined with some of the key players being Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc.
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Seaweed Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 5.4.1 Volume Trends
- 5.4.2 Value Trends
6 Market Breakup by Environment
- 6.1 Aquaculture
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Wild Harvest
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Product
- 7.1 Red
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Brown
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Green
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Processed Foods
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Direct Human Consumption
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Hydrocolloids
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Fertilizers
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Animal Feed Additives
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 Asia Pacific
- 9.1.1 China
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Indonesia
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.3 Philippines
- 9.1.3.1 Market Trends
- 9.1.3.2 Market Forecast
- 9.1.4 South Korea
- 9.1.4.1 Market Trends
- 9.1.4.2 Market Forecast
- 9.1.5 Malaysia
- 9.1.5.1 Market Trends
- 9.1.5.2 Market Forecast
- 9.1.6 Vietnam
- 9.1.6.1 Market Trends
- 9.1.6.2 Market Forecast
- 9.1.7 Others
- 9.1.7.1 Market Trends
- 9.1.7.2 Market Forecast
- 9.2 North America
- 9.2.1 United States
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Canada
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 France
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 Italy
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 Spain
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Russia
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Others
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Argentina
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.4 Chile
- 9.4.4.1 Market Trends
- 9.4.4.2 Market Forecast
- 9.4.5 Peru
- 9.4.5.1 Market Trends
- 9.4.5.2 Market Forecast
- 9.4.6 Others
- 9.4.6.1 Market Trends
- 9.4.6.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Saudi Arabia
- 9.5.1.1 Market Trends
- 9.5.1.2 Market Forecast
- 9.5.2 United Arab Emirates
- 9.5.2.1 Market Trends
- 9.5.2.2 Market Forecast
- 9.5.3 South Africa
- 9.5.3.1 Market Trends
- 9.5.3.2 Market Forecast
- 9.5.4 Others
- 9.5.4.1 Market Trends
- 9.5.4.2 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
- 11.1 Input Supplier
- 11.2 Farmers
- 11.3 Processing
- 11.4 Traders/Distributors
- 11.5 Retailer
- 11.6 End-Users
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Indicators
- 13.1 Key Price Indicators
- 13.2 Price Structure
- 13.3 Margin Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Acadian Seaplants Limited
- 14.3.2 Cargill Incorporated
- 14.3.3 DuPont de Nemours, Inc.
- 14.3.4 Irish Seaweeds
- 14.3.5 Leili
- 14.3.6 Mara Seaweeds
- 14.3.7 Qingdao Gather Great Ocean Algae Industry Group (GGOG)