Commercial Seaweeds Market By Product (Red, Brown, Green), By Form (Flakes, Powder, Liquid), By Application (Food and beverage Industry, Cosmetics and personal care, Agricultural fertilizers, Animal feed additives, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
In coastal regions, an organism resembling a plant called seaweed adheres to rock or other hard surfaces. Seaweeds are divided into three main groups based on their coloration: red, brown, and green. These large classifications are referred to by botanists as phaeophyceae, rhodophyceae, and chlorophyceae, respectively. Seaweeds are classified as macro-algae to distinguish them from micro-algae, which are minuscule and frequently have just one cell. While green seaweed grows in freshwater, red, brown, and other colored seaweeds are typically found in saltwater environments. Seaweeds are employed as a source of human food, hydrocolloids, fertilizers, animal feed additives, and other things like aquaculture, biomass for fuel, and wastewater treatment in many maritime nations throughout the world.
The global commercial seaweed market is analyzed on the basis of product, form, application, and region. By product, the market is divided into red, brown, and green. By form, the market is divided into flakes, powder, and liquid. By application, it is classified into food & beverage industry, cosmetics & personal care, agricultural fertilizers, animal feed additives, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Denmark, and the rest of Europe), Asia-Pacific (China, Indonesia, Philippines, South Korea, Japan, and the rest of Asia-Pacific), and LAMEA (Saudi Arabia, United Arab Emirates, South Africa, Tanzania, and the rest of LAMEA).
The impact of the COVID-19 outbreak was negative on the growth of the global commercial seaweed market. The trade restrictions and lockdown resulted into halting of production and manufacturing units. Conversely, the recovery of the commercial seaweed market is expected in near future.
Seaweeds are employed as a source of human food, hydrocolloids, fertilizers, animal feed additives, and other things like aquaculture, biomass for fuel, and wastewater treatment in many maritime nations throughout the world. The Asia-Pacific region, specifically China, Indonesia, the Philippines, Korea, and Japan, where seaweed cultivation has grown into a huge industry, is where these seaweeds are primarily used as food and culinary components.
Due to their unique physicochemical features, hydrocolloid polysaccharides are employed in the food, pharmaceutical, medical, and biotechnological industries. This gives them substantial technological and commercial significance. During the forecast period, an increase in demand for seaweeds in the production of hydrocolloids such as agar, alginate, and carrageenan is predicted to drive seaweed adoption. They can also be used in the production of human food, hydrocolloids, fertilizers, animal feed additives, aquaculture, biofuel, and wastewater treatment, all of which raise their use. It is projected that untapped markets in North America and Europe would create new opportunities for seaweed producers, fueling market expansion. However, the market's expansion is hampered by the fluctuation in seaweed prices brought on by the unstable supply and ongoing changes in weather patterns.
The key players operating in the commercial seaweed market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global commercial seaweed market are Cargill Incorporated, CJ Cheiljedang Corporation, Corbion NV, Gimme Health Foods Inc., Irish Seaweeds, J.M. Huber Corporation, Mara Seaweed, Ocean Harvest Technology Limited, Qingdao Gather Great Ocean Algae Industry Group Co., Ltd (GGOG), Roland Foods, LLC, SeaSnax, Seasol, Seaweed & Co., Singha Corporation Co. Ltd., and Taokaenoi Food & Marketing PCL.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the commercial seaweeds market analysis from 2021 to 2031 to identify the prevailing commercial seaweeds market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the commercial seaweeds market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global commercial seaweeds market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Brown
Green
Red
By Form
Flakes
Powder
Liquid
By Application
Food and beverage Industry
Sub-Type
Food service
Food processing
Cosmetics and personal care
Agricultural fertilizers
Animal feed additives
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Denmark
Rest Of Europe
Asia-Pacific
China
Indonesia
Philippines
South Korea
Japan
Rest Of Asia-Pacific
LAMEA
Saudi Arabia
United Arab Emirates
South Africa
Tanzania
Rest Of LAMEA
Key Market Players
Cargill, Incorporated
cj foods
corbion
GIMMESEAWEED
HUBER
IrishSeaweeds
MaraSeaweed
Ocean Harvest Technology Limited
qingdao bright moon seaweed group co.,ltd.
Roland Foods LLC
SeaSnax
seasol international pty ltd
Seaweed & Co.
SINGHA CORPORATION CO., LTD.
TAOKAENOI FOOD & MARKETING PCL
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