Global Edible Seaweed Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Edible Seaweed Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Edible seaweed are marine algae which are simple plants that dwell in saltwater and belong to one of the several group of multicellular algae, including red algae, green algae and brown algae Edible seaweed contains high amount of fiber and are used in preparation of variety of food. Apart from their applications in food industry edible seaweeds are also used for industrial applications and as a fertilizer.

Market Overview:

The latest research study on the global Edible Seaweed market finds that the global Edible Seaweed market reached a value of USD 6359.29 million in 2022. It’s expected that the market will achieve USD 8663.45 million by 2028, exhibiting a CAGR of 5.29% during the forecast period.

In recent years there has been a strong movement in France to introduce seaweed into the European cuisine, with some success, although it is still regarded as an exotic component of the menu. It has gained more acceptance in regions like California and Hawaii, where communities of Japanese are larger and the taste for seaweeds spreads out into the surrounding population through finding them on restaurant menus and supermarket shelves.

On the east coast of United States of America and Canada, around Maine, New Brunswick and Nova Scotia, some companies have begun cultivating seaweeds onshore, in tanks, specifically for human consumption, and their markets are growing, both in those two countries and with exports to Japan. Ireland and Northern Ireland are showing a renewed interest in seaweeds that were once a traditional part of the diet. Already on the market in many countries around the world are cooking books incorporating recipes using sea vegetables.

Limitations

Seaweed: It’s what’s for dinner. While it has always played a significant role as a cooking ingredient in East Asian cuisines, seaweed has yet to truly catch on as a part of Western diets. People in Western seldom eat seaweed.
Low consumer awareness of sea vegetables in the western countries is a major barrier to market growth. Apart from some coastal areas, there is not a tradition of eating sea vegetables in Europe. Most consumers therefore do not know how to include nori, wakame, dulse and kombu in food products.

Opportunities

New products from seaweeds that have been accepted as human food for many decades. With demands for low-calorie, nutrient-dense foods at an all-time high, health-conscious and adventurous eaters alike are looking for new items to incorporate into their dietary regimens. The market for sea vegetablesis projected to continue to grow at in the coming years. Traditionally, most demand was from catering & foodservice companies that mainly used nori, wakame and kombu in Japanese and Asian cuisine. Although demand continues to rise from this sector, the retail market and food processors are also becoming important. Nori is becoming available in retailers across Europe, whilst a growing number of food processors are using sea vegetables.
Consumption of sea vegetables is rising as consumers become more aware of their health and nutritional benefits. Sea vegetables are important source of protein and vitamins, such as vitamins A, C, E, B1, B2, B6, and B12. Sea vegetables are also rich in iron, magnesium, potassium, boron, silica, selenium and chromium. According to the University of Glasgow, since they are a rich source of iodine, sea vegetables could also provide a solution to iodine deficiency.

Region Overview:

From 2022-2027, Southeast Asia is estimated to witness robust growth prospects

Company Overview

Kaneryo Sea Vegetable Corp, Marcel Carrageenan, SHEMBERG, Qingdao Gather Huge Ocean Biotechnology and DAKINI TIDAL WILDS are the five key players in the global Edible Seaweed market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Edible Seaweed market in the past 5 years.

Segmentation Overview:

Among different product types, Red Algae segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Food segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Edible Seaweed market covered in Chapter 3:

Acadian Seaplants Limited
Irish Seaweeds
Marine Inspire
DAKINI TIDAL WILDS
Maine Fresh Sea Farms
Sarl Biocean
SHEMBERG
SEAWEED AMERICA
Kaneryo Sea Vegetable Corp
Wild Irish Sea Veg
Algamar
PACIFIC HARVEST
ALGOLESKO
Marcel Carrageenan
Qingdao Gather Huge Ocean Biotechnology
Seaweed Indonesia

In Chapter 4 and Chapter 14.2, on the basis of types, the Edible Seaweed market from 2018 to 2029 is primarily split into:

Brown Algae
Red Algae
Green Algae

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Edible Seaweed market from 2018 to 2029 covers:

Food
Feed
Medicinal Uses
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)