The Global Kelp Product Market size is expected to reach $1 billion by 2031, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 10,244.50 Tonnes, experiencing a growth of 11.7% (2020-2023).
Livestock farming is a significant source of income and livelihood for millions across Asia-Pacific. The region's extensive coastline and rich marine biodiversity contribute to a significant presence in kelp cultivation, processing, and consumption. Therefore, the region would generate almost 2/5th of revenue of the market by 2031. Also, the China market would consume 455.88 tonnes of salted kelp by 2031. Asia Pacific countries such as China, Japan, South Korea, and Indonesia are among the world's largest producers and consumers of these products, with a long history of traditional uses and cultural significance.
There's been a global shift towards plant-based diets driven by health, sustainability, and animal welfare concerns. Consumers are increasingly turning to plant-based options, including seaweed-derived products like kelp, as consumers seek alternatives to meat and dairy products. The increasing demand for plant-based and sustainable alternatives stimulates product development and formulation innovation. Thus, the rising demand for plant-based alternatives creates new opportunities for the market. Additionally, Kelp farming, also known as seaweed aquaculture, provides a sustainable source of kelp biomass for various applications, including food, feed, fertilizer, and bioenergy. The increased cultivation of kelp leads to a higher availability of kelp-derived products in the market, meeting growing demand from consumers and industries. In Asia, particularly in countries like China, Japan, and South Korea, kelp is a staple food and an essential ingredient in traditional cuisine. Hence, as the aquaculture sector continues to expand globally, the demand for these products is expected to increase.
However, many consumers may need to know kelp's nutritional benefits and potential health properties. They may not know that kelp is rich in vitamins, minerals, antioxidants, and dietary fibers and can support various health aspects, such as thyroid function, weight management, and immune system health. Without this knowledge, consumers may not actively seek out these products or understand their potential value. Hence, the limited awareness of these products may hamper the market's growth.
Form Outlook
By form, the market is fragmented into liquid, powder, and flakes. The powder segment procured 39.5% revenue share in the market in 2023. In terms of Volume, the powder segment utilized 3,695.42 Tonnes of these products by form in the market in 2023. Kelp powder is utilized in cosmetics and skincare formulations for its antioxidant, anti-inflammatory, and moisturizing properties. It can be found in facial masks, scrubs, cleansers, and moisturizers, helping to nourish and rejuvenate the skin while protecting it from environmental damage. Kelp powder is sometimes used as a nutritional supplement in animal feed for livestock and pets.
Application Outlook
On the basis of application, the market is classified into food, agriculture, pharmaceuticals, and others. The food segment recorded a 27.6% revenue share in the market in 2023. In terms of Volume, the food segment utilized 2,943.24 Tonnes of this product in the market in 2023. Kelp is versatile in various culinary applications, offering nutritional benefits and unique flavor profiles. Additionally, kelp-derived products are incorporated into various food items, catering to consumers' preferences for natural, healthy, and sustainable ingredients. Kelp-based condiments and seasonings, such as kelp flakes, powders, or granules, add depth of flavor and nutritional value to dishes.
Type Outlook
Based on type, the market is characterized as dried, fresh, and salted. The fresh segment garnered 51.8% revenue share in the market in 2023. In terms of Volume, the fresh segment utilized 5,098.69 Tonnes of this product in the market in 2023. Fresh kelp can be processed into noodles or pasta, offering a nutritious and gluten-free alternative to traditional wheat-based noodles. Noodles made from fresh kelp are prized for their firm texture, mild flavor, and ability to absorb sauces and seasonings. It can also be thinly sliced or shredded and used to make salads or slaws.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North American segment held a 28.9% revenue share in the market in 2023. In terms of Volume, the North America region utilized 2,806.99 Tonnes of this product in the market in 2023. These products are increasingly finding their way into the North American food and beverage industry, driven by plant-based diets, sustainable sourcing, and culinary innovation trends.
List of Key Companies Profiled
- Seasol International Pty Ltd.
- Cargill, Incorporated
- CP Kelco
- Groupe Roullier
- Acadian Seaplants Limited
- Gelymar SA (Algina Inversiones SA)
- DuPont de Nemours, Inc.
- Brandt, Inc.
- COMPO Group
- Wild Irish Seaweeds Ltd.
Global Kelp Product Market Report Segmentation
By Form (Volume, Tonnes, USD Billion, 2020-31)
By Application (Volume, Tonnes, USD Billion, 2020-31)
- Agriculture
- Food
- Pharmaceuticals
- Others
By Type (Volume, Tonnes, USD Billion, 2020-31)
By Geography (Volume, Tonnes, USD Billion, 2020-31)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Kelp Product Market, by Form
- 1.4.2Global Kelp Product Market, by Application
- 1.4.3Global Kelp Product Market, by Type
- 1.4.4Global Kelp Product Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Kelp Product Market by Form
- 4.1Global Powder Market by Region
- 4.2Global Liquid Market by Region
- 4.3Global Flakes Market by Region
Chapter 5.Global Kelp Product Market by Application
- 5.1Global Agriculture Market by Region
- 5.2Global Food Market by Region
- 5.3Global Pharmaceuticals Market by Region
- 5.4Global Others Market by Region
Chapter 6.Global Kelp Product Market by Type
- 6.1Global Fresh market by Region
- 6.2Global Dried Market by Region
- 6.3Global Salted Market by Region
Chapter 7.Global Kelp Product Market by Region
- 7.1North America Kelp Product Market
- 7.1.1North America Kelp Product Market by Form
- 7.1.1.1North America Powder Market by Country
- 7.1.1.2North America Liquid Market by Country
- 7.1.1.3North America Flakes Market by Country
- 7.1.2North America Kelp Product Market by Application
- 7.1.2.1North America Agriculture Market by Country
- 7.1.2.2North America Food Market by Country
- 7.1.2.3North America Pharmaceuticals Market by Country
- 7.1.2.4North America Others Market by Country
- 7.1.3North America Kelp Product Market by Type
- 7.1.3.1North America Fresh market by Country
- 7.1.3.2North America Dried Market by Country
- 7.1.3.3North America Salted Market by Country
- 7.1.4North America Kelp Product Market by Country
- 7.1.4.1US Kelp Product Market
- 7.1.4.1.1US Kelp Product Market by Form
- 7.1.4.1.2US Kelp Product Market by Application
- 7.1.4.1.3US Kelp Product Market by Type
- 7.1.4.2Canada Kelp Product Market
- 7.1.4.2.1Canada Kelp Product Market by Form
- 7.1.4.2.2Canada Kelp Product Market by Application
- 7.1.4.2.3Canada Kelp Product Market by Type
- 7.1.4.3Mexico Kelp Product Market
- 7.1.4.3.1Mexico Kelp Product Market by Form
- 7.1.4.3.2Mexico Kelp Product Market by Application
- 7.1.4.3.3Mexico Kelp Product Market by Type
- 7.1.4.4Rest of North America Kelp Product Market
- 7.1.4.4.1Rest of North America Kelp Product Market by Form
- 7.1.4.4.2Rest of North America Kelp Product Market by Application
- 7.1.4.4.3Rest of North America Kelp Product Market by Type
- 7.2Europe Kelp Product Market
- 7.2.1Europe Kelp Product Market by Form
- 7.2.1.1Europe Powder Market by Country
- 7.2.1.2Europe Liquid Market by Country
- 7.2.1.3Europe Flakes Market by Country
- 7.2.2Europe Kelp Product Market by Application
- 7.2.2.1Europe Agriculture Market by Country
- 7.2.2.2Europe Food Market by Country
- 7.2.2.3Europe Pharmaceuticals Market by Country
- 7.2.2.4Europe Others Market by Country
- 7.2.3Europe Kelp Product Market by Type
- 7.2.3.1Europe Fresh market by Country
- 7.2.3.2Europe Dried Market by Country
- 7.2.3.3Europe Salted Market by Country
- 7.2.4Europe Kelp Product Market by Country
- 7.2.4.1Germany Kelp Product Market
- 7.2.4.1.1Germany Kelp Product Market by Form
- 7.2.4.1.2Germany Kelp Product Market by Application
- 7.2.4.1.3Germany Kelp Product Market by Type
- 7.2.4.2UK Kelp Product Market
- 7.2.4.2.1UK Kelp Product Market by Form
- 7.2.4.2.2UK Kelp Product Market by Application
- 7.2.4.2.3UK Kelp Product Market by Type
- 7.2.4.3France Kelp Product Market
- 7.2.4.3.1France Kelp Product Market by Form
- 7.2.4.3.2France Kelp Product Market by Application
- 7.2.4.3.3France Kelp Product Market by Type
- 7.2.4.4Russia Kelp Product Market
- 7.2.4.4.1Russia Kelp Product Market by Form
- 7.2.4.4.2Russia Kelp Product Market by Application
- 7.2.4.4.3Russia Kelp Product Market by Type
- 7.2.4.5Spain Kelp Product Market
- 7.2.4.5.1Spain Kelp Product Market by Form
- 7.2.4.5.2Spain Kelp Product Market by Application
- 7.2.4.5.3Spain Kelp Product Market by Type
- 7.2.4.6Italy Kelp Product Market
- 7.2.4.6.1Italy Kelp Product Market by Form
- 7.2.4.6.2Italy Kelp Product Market by Application
- 7.2.4.6.3Italy Kelp Product Market by Type
- 7.2.4.7Rest of Europe Kelp Product Market
- 7.2.4.7.1Rest of Europe Kelp Product Market by Form
- 7.2.4.7.2Rest of Europe Kelp Product Market by Application
- 7.2.4.7.3Rest of Europe Kelp Product Market by Type
- 7.3Asia Pacific Kelp Product Market
- 7.3.1Asia Pacific Kelp Product Market by Form
- 7.3.1.1Asia Pacific Powder Market by Country
- 7.3.1.2Asia Pacific Liquid Market by Country
- 7.3.1.3Asia Pacific Flakes Market by Country
- 7.3.2Asia Pacific Kelp Product Market by Application
- 7.3.2.1Asia Pacific Agriculture Market by Country
- 7.3.2.2Asia Pacific Food Market by Country
- 7.3.2.3Asia Pacific Pharmaceuticals Market by Country
- 7.3.2.4Asia Pacific Others Market by Country
- 7.3.3Asia Pacific Kelp Product Market by Type
- 7.3.3.1Asia Pacific Fresh market by Country
- 7.3.3.2Asia Pacific Dried Market by Country
- 7.3.3.3Asia Pacific Salted Market by Country
- 7.3.4Asia Pacific Kelp Product Market by Country
- 7.3.4.1China Kelp Product Market
- 7.3.4.1.1China Kelp Product Market by Form
- 7.3.4.1.2China Kelp Product Market by Application
- 7.3.4.1.3China Kelp Product Market by Type
- 7.3.4.2Japan Kelp Product Market
- 7.3.4.2.1Japan Kelp Product Market by Form
- 7.3.4.2.2Japan Kelp Product Market by Application
- 7.3.4.2.3Japan Kelp Product Market by Type
- 7.3.4.3India Kelp Product Market
- 7.3.4.3.1India Kelp Product Market by Form
- 7.3.4.3.2India Kelp Product Market by Application
- 7.3.4.3.3India Kelp Product Market by Type
- 7.3.4.4South Korea Kelp Product Market
- 7.3.4.4.1South Korea Kelp Product Market by Form
- 7.3.4.4.2South Korea Kelp Product Market by Application
- 7.3.4.4.3South Korea Kelp Product Market by Type
- 7.3.4.5Australia Kelp Product Market
- 7.3.4.5.1Australia Kelp Product Market by Form
- 7.3.4.5.2Australia Kelp Product Market by Application
- 7.3.4.5.3Australia Kelp Product Market by Type
- 7.3.4.6Malaysia Kelp Product Market
- 7.3.4.6.1Malaysia Kelp Product Market by Form
- 7.3.4.6.2Malaysia Kelp Product Market by Application
- 7.3.4.6.3Malaysia Kelp Product Market by Type
- 7.3.4.7Rest of Asia Pacific Kelp Product Market
- 7.3.4.7.1Rest of Asia Pacific Kelp Product Market by Form
- 7.3.4.7.2Rest of Asia Pacific Kelp Product Market by Application
- 7.3.4.7.3Rest of Asia Pacific Kelp Product Market by Type
- 7.4LAMEA Kelp Product Market
- 7.4.1LAMEA Kelp Product Market by Form
- 7.4.1.1LAMEA Powder Market by Country
- 7.4.1.2LAMEA Liquid Market by Country
- 7.4.1.3LAMEA Flakes Market by Country
- 7.4.2LAMEA Kelp Product Market by Application
- 7.4.2.1LAMEA Agriculture Market by Country
- 7.4.2.2LAMEA Food Market by Country
- 7.4.2.3LAMEA Pharmaceuticals Market by Country
- 7.4.2.4LAMEA Others Market by Country
- 7.4.3LAMEA Kelp Product Market by Type
- 7.4.3.1LAMEA Fresh market by Country
- 7.4.3.2LAMEA Dried Market by Country
- 7.4.3.3LAMEA Salted Market by Country
- 7.4.4LAMEA Kelp Product Market by Country
- 7.4.4.1Brazil Kelp Product Market
- 7.4.4.1.1Brazil Kelp Product Market by Form
- 7.4.4.1.2Brazil Kelp Product Market by Application
- 7.4.4.1.3Brazil Kelp Product Market by Type
- 7.4.4.2Argentina Kelp Product Market
- 7.4.4.2.1Argentina Kelp Product Market by Form
- 7.4.4.2.2Argentina Kelp Product Market by Application
- 7.4.4.2.3Argentina Kelp Product Market by Type
- 7.4.4.3UAE Kelp Product Market
- 7.4.4.3.1UAE Kelp Product Market by Form
- 7.4.4.3.2UAE Kelp Product Market by Application
- 7.4.4.3.3UAE Kelp Product Market by Type
- 7.4.4.4Saudi Arabia Kelp Product Market
- 7.4.4.4.1Saudi Arabia Kelp Product Market by Form
- 7.4.4.4.2Saudi Arabia Kelp Product Market by Application
- 7.4.4.4.3Saudi Arabia Kelp Product Market by Type
- 7.4.4.5South Africa Kelp Product Market
- 7.4.4.5.1South Africa Kelp Product Market by Form
- 7.4.4.5.2South Africa Kelp Product Market by Application
- 7.4.4.5.3South Africa Kelp Product Market by Type
- 7.4.4.6Nigeria Kelp Product Market
- 7.4.4.6.1Nigeria Kelp Product Market by Form
- 7.4.4.6.2Nigeria Kelp Product Market by Application
- 7.4.4.6.3Nigeria Kelp Product Market by Type
- 7.4.4.7Rest of LAMEA Kelp Product Market
- 7.4.4.7.1Rest of LAMEA Kelp Product Market by Form
- 7.4.4.7.2Rest of LAMEA Kelp Product Market by Application
- 7.4.4.7.3Rest of LAMEA Kelp Product Market by Type
Chapter 8.Company Profiles
- 8.1Cargill, Incorporated
- 8.1.1Company Overview
- 8.1.2Recent strategies and developments:
- 8.1.2.1Partnerships, Collaborations, and Agreements:
- 8.1.2.2Acquisition and Mergers:
- 8.2CP Kelco U.S., Inc. (J.M. HUBER)
- 8.2.1Company Overview
- 8.2.2SWOT Analysis
- 8.3DuPont de Nemours, Inc.
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expense
- 8.3.5SWOT Analysis
- 8.4Groupe Roullier
- 8.4.1Company Overview
- 8.4.2SWOT Analysis
- 8.5Acadian Seaplants Limited
- 8.5.1Company Overview
- 8.5.2SWOT Analysis
- 8.6Gelymar SA (Algina Inversiones SA)
- 8.6.1Company Overview
- 8.6.2SWOT Analysis
- 8.7Seasol International Pty Ltd.
- 8.7.1Company Overview
- 8.7.2SWOT Analysis
- 8.8COMPO Group
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
- 8.9Brandt, Inc.
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
- 8.10.Wild Irish Seaweeds Ltd.
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
Chapter 9.Winning Imperatives of Kelp Product Market