Seaweed Protein Market Size, Share, By Source (Red Seaweed, Brown Seaweed, and Green Seaweed), Extraction Process (Conventional Methods and Modern Methods), Application (Food and Beverage, Animal Feed, Personal Care and Cosmetics, Pharmaceuticals, and Oth

Seaweed Protein Market Size, Share, By Source (Red Seaweed, Brown Seaweed, and Green Seaweed), Extraction Process (Conventional Methods and Modern Methods), Application (Food and Beverage, Animal Feed, Personal Care and Cosmetics, Pharmaceuticals, and Others), and Region - Trends, Analysis, and Forecast till 2034

Seaweed protein describes the protein content found in different species of marine algae, more colloquially known as seaweed. These underwater plants have recently gained the spotlight as an emerging more sustainable and healthy form of protein, which work as a prospective substitute for traditional animal-based proteins. The increasing health consciousness of the people is expected to boost the market expansion during the forecast period.

Seaweed Protein Market Report Highlights:

• The seaweed protein market size was valued at USD 733.1 million in 2024.
• The market is expected to be worth USD 2110 million by 2034 expanding at a CAGR of 12.3%.
• On the basis of source, the market is classified into red seaweed, brown seaweed, and green seaweed. The red seaweed segment is expected to dominate the market.
• By extraction process, the market is classified into conventional methods and modern methods. The modern methods segment is expected to lead the market during the forecast period.
• Based on application, the market is divided into food and beverage, animal feed, personal care and cosmetics, pharmaceuticals, and others.
• By Region, Asia Pacific is expected to hold the largest seaweed protein market share during the projected period.

Key Highlights:

• In July 2024, James Sibley and Sebastian Sanchez collaborated to create Phytabar, a chocolate seaweed bar rich in omega-3 fatty acids. With Sibley's seafood knowledge and Sanchez's commercial background, they collaborated to create Phytabar, a seaweed-infused chocolate bar. The product launched in May, and more than 1,000 bars have already been sold. Phytabar is a vegan nutrition bar made of wakame seaweed, dark chocolate, almonds, dates, stevia, monk fruit, and a protein blend.
• In March 2024, Umaro Foods, an alternative protein firm based in Berkeley, California, announced a successful second investment round, raising an estimated $3.8 million following considerable sales growth. With this additional funding, the firm, which uses protein derived from red seaweeds to create a plant-based alternative to hog bacon, is preparing to expand its goods, which are now only accessible in wholesale and select restaurants, into retail markets.

Nutritional Analysis:

• Seaweed protein's nutrient-dense profile and sustainability have made it a growingly popular plant-based protein source.
• Some of the major seaweed proteins are mentioned below with their respective general nutritional values where the nutritional content varies slightly depending on the type of seaweed and also its preparation:

Acquisition & Partnership:

• JRS Group, a German company that sees synergies with its current alginate business, purchased the French biomarine ingredients provider Algaia in March 2023. Algaia SA manufactures hydrocolloids and seaweed extracts, among other specialty seaweed ingredients. For example, a company in the food industry is producing modified starch substitutes with clean labels. Algaia will be acquired by JRS Group, a manufacturer of plant-based raw materials and functional additives.

Browse ∼50 market data tables and ∼35 figures through ∼187 slides and in-depth TOC on “Seaweed Protein Market Size, Share, By Source (Red Seaweed, Brown Seaweed, and Green Seaweed), By Extraction Process (Conventional Methods, and Modern Methods), By Application (Food and Beverage, Animal Feed, Personal Care and Cosmetics, Pharmaceuticals, and Others), and By Region - Trends, Analysis and Forecast till 2034”

Competitive Landscape of Seaweed Protein Market:

The key players operating the seaweed protein market include Cargill, Incorporated, DuPont de Nemours, Inc., CP Kelco U.S., Inc., Acadian Seaplants Limited, Qingdao Gather Great Ocean Algae Industry Group Co., Ltd., Mara Seaweed, Seasol International Pty Ltd, Irish Seaweeds, AtSeaNova, Algaia, Gelymar S.A., Algea (a Valagro Company), Seaweed & Co., Ocean Harvest Technology, and The Seaweed Company.