The global seaweed cultivation market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. This can be ascribed to the increasing adoption of commercial seaweed, rising demand for consuming plant-based products, and growing adoption of advanced technology. Seaweed is a popular ingredient in various cuisines across the world. It's the best dietary source of iodine and contains various other vitamins and minerals, such as vitamin K, vitamin B, zinc, and iron, coupled with antioxidants that help to protect cells from damage. The other factors supporting the market's growth are the growing demand for healthy and safe foods to maintain overall health and wellness, the increasing seaweed in meat and bakery products, growing consumer awareness regarding the benefits of eating seaweed, and increasing seaweed farming practices in urban areas. Moreover, the rise in the research and development activities in the agricultural sector, the growing use of seaweed fertilizers, and the rise in the adoption of various inorganic strategies growth are the contributing factors to the growth of the market.
Growing Adoption of Commercial Seaweed
The surge in demand for seaweed from various industries such as food, biotechnological industrial, medicinal, and others across the world is augmenting the growth of the market. Seaweeds are very nutritious and have various vitamins and minerals. Seaweed is a source to produce valuable hydrocolloids, which are used as a gelation and thickening agent of food products. Alginate, agar, and carrageenan are the most common macroalgae extracts used for gelling, stabilizing, emulsifying, and thickness agents in different food products like ice cream, jams, fruit juices, and others. Seaweed has various applications in the therapeutic and pharmaceutical industries. They are used in medicine to treat various diseases such as stomach ailments, heart disease, asthma, cancer, and gallstones. Thus, bolstering the growth of the market.
Rising Consumer Awareness among the Masses
The increasing awareness about animal welfare has driven people from various nations to opt for vegan diets and plant-based cosmetic products, which are augmenting the growth of the market. Also, plant-based products are gaining popularity across several sectors, such as the food and cosmetic industry, with the evolving perception that plant-based products are safer and healthier compared to animal-originated products. People are becoming aware of the benefits associated with the consumption of seaweed, such as the presence of antioxidants, iodine, fiber, and protein. Nowadays, people prefer healthy snacks and food, due to which there is a surge in demand for seaweed. It has a sufficient nutritional value which helps people to fight different diseases such as gut issues, diabetes, and obesity. Macroalgae is a good source of protein and is now widely used to develop plant-based protein alternatives, which is propelling the growth of the market.
Rising Government Initiatives Foster the Market Growth
Seaweed cultivation will go a long way to help the lives of coastal fisher families, particularly fisherwomen, farmers, and entrepreneurs. Several initiatives are taken by governments across the world, such as setting up policies on farms and a rise in funds to support the seaweed industry. The government is launching different programs to provide better-quality seeds, improve farming techniques, and enhance post-harvest and processing technologies. For instance, the Scottish government has set seaweed cultivation policies to support both employment and the economic well-being of many fragile rural communities across Scotland. This includes the support and development of traditional aquaculture sectors and possible diversification into other species, such as seaweed cultivation. Therefore, such rising government initiatives to increase seaweed cultivation are projected to drive the growth of the market. Different businesses are investing in new technologies like direct planting and automated harvesters to produce large amounts of seaweed, which, in turn, propels market growth. For instance, in 2020, Algaia revealed its plan to hasten company growth with new product lines and has made an investment of US$ 2.59 Mn.
Market Segmentation
The global seaweed cultivation market is segmented into type, method of harvesting, form, application, and region. Based on type, the market can be segmented into red seaweeds, brown seaweeds, and green seaweeds. Based on the method of harvesting, the market can be differentiated into aquaculture or industrial and wild harvesting or traditional. Based on form, the market can be differentiated into liquid, and powder, flakes. Based on application, the market can be segmented into food & feed, agriculture, pharmaceutical, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to the growing consumption of plant-based products in the country.
Market Players
Qingdao Seawin Biotech Group Co. Ltd., Cargill, Incorporated, CP Kelco U.S., Inc., Groupe Roullier (TIMAC Agro International), E.I. Du Pont de Nemours and Company, Biostadt India Limited, Compo GmbH & Co. KG, Acadian Seaplants Limited, Gelymar SA, and BrandT Consolidated, Inc. are some of the leading players operating in the global seaweed cultivation market.
Report Scope:
In this report, global seaweed cultivation market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Seaweed Cultivation Market, By type:
- Red Seaweeds
- Brown Seaweeds
- Green Seaweeds
- Seaweed Cultivation Market, By Method of Harvesting:
- Aquaculture/Industrial
- Wild Harvesting/Traditional
- Seaweed Cultivation Market, By Form:
- liquid
- Powder
- Flakes
- Seaweed Cultivation Market, By application:
- Food & Feed
- Agriculture
- Pharmaceutical, Others
- Seaweed Cultivation Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Turkey
- Egypt
Company Profiles: Detailed analysis of the major companies present in Global Seaweed Cultivation Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Product Overview
- 2. Research Methodology
- 3. Executive Summary
- 4. Impact of COVID-19 on Global Seaweed Cultivation Market
- 5. Voice of Customer
- 6. Global Seaweed Cultivation Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds)
- 6.2.2. By Method of Harvesting (Aquaculture/Industrial v/s Wild Harvesting/Traditional)
- 6.2.3. By Form (Liquid, Powder, Flakes)
- 6.2.4. By Application (Food & Feed, Agriculture, Pharmaceutical, Others)
- 6.2.5. By Region
- 6.2.6. By Company (2021)
- 6.3. Product Market Map
- 7. North America Seaweed Cultivation Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Method of Harvesting
- 7.2.3. By Form
- 7.2.4. By Application
- 7.2.5. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Seaweed Cultivation Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1 By Type
- 7.3.1.2.2. By Method of Harvesting
- 7.3.1.2.3. By Form
- 7.3.1.2.4. By Application
- 7.3.2. Mexico Seaweed Cultivation Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Method of Harvesting
- 7.3.2.2.3. By Form
- 7.3.2.2.4. By Application
- 7.3.3. Canada Seaweed Cultivation Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Method of Harvesting
- 7.3.3.2.3. By Form
- 7.3.3.2.4. By Application
- 8. Europe Seaweed Cultivation Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Method of Harvesting
- 8.2.3. By Form
- 8.2.4. By Application
- 8.2.5. By Country
- 8.3. Europe: Country Analysis
- 8.3.1. France Seaweed Cultivation Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Method of Harvesting
- 8.3.1.2.3. By Form
- 8.3.1.2.4. By Application
- 8.3.2. United Kingdom Seaweed Cultivation Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Method of Harvesting
- 8.3.2.2.3. By Form
- 8.3.2.2.4. By Application
- 8.3.3. Italy Seaweed Cultivation Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Method of Harvesting
- 8.3.3.2.3. By Form
- 8.3.3.2.4. By Application
- 8.3.4. Germany Seaweed Cultivation Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Method of Harvesting
- 8.3.4.2.3. By Form
- 8.3.4.2.4. By Application
- 8.3.5. Spain Seaweed Cultivation Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Method of Harvesting
- 8.3.5.2.3. By Form
- 8.3.5.2.4. By Application
- 9. Asia-Pacific Seaweed Cultivation Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Method of Harvesting
- 9.2.3. By Form
- 9.2.4. By Application
- 9.2.5. By Country
- 9.3. Asia-Pacific: Country Analysis
- 9.3.1. China Seaweed Cultivation Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Method of Harvesting
- 9.3.1.2.3. By Form
- 9.3.1.2.4. By Application
- 9.3.2. India Seaweed Cultivation Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Method of Harvesting
- 9.3.2.2.3. By Form
- 9.3.2.2.4. By Application
- 9.3.3. Japan Seaweed Cultivation Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Method of Harvesting
- 9.3.3.2.3. By Form
- 9.3.3.2.4. By Application
- 9.3.4. South Korea Seaweed Cultivation Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Type
- 9.3.4.2.2. By Method of Harvesting
- 9.3.4.2.3. By Form
- 9.3.4.2.4. By Application
- 9.3.5. Australia Seaweed Cultivation Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Type
- 9.3.5.2.2. By Method of Harvesting
- 9.3.5.2.3. By Form
- 9.3.5.2.4. By Application
- 10. South America Seaweed Cultivation Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Method of Harvesting
- 10.2.3. By Form
- 10.2.4. By Application
- 10.2.5. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Seaweed Cultivation Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Method of Harvesting
- 10.3.1.2.3. By Form
- 10.3.1.2.4. By Application
- 10.3.2. Argentina Seaweed Cultivation Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Method of Harvesting
- 10.3.2.2.3. By Form
- 10.3.2.2.4. By Application
- 10.3.3. Colombia Seaweed Cultivation Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Method of Harvesting
- 10.3.3.2.3. By Form
- 10.3.3.2.4. By Application
- 11. Middle East and Africa Seaweed Cultivation Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Method of Harvesting
- 11.2.3. By Form
- 11.2.4. By Application
- 11.2.5. By Country
- 11.3. MEA: Country Analysis
- 11.3.1. South Africa Seaweed Cultivation Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Type
- 11.3.1.2.2. By Method of Harvesting
- 11.3.1.2.3. By Form
- 11.3.1.2.4. By Application
- 11.3.2. UAE Seaweed Cultivation Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Type
- 11.3.2.2.2. By Method of Harvesting
- 11.3.2.2.3. By Form
- 11.3.2.2.4. By Application
- 11.3.3. Saudi Arabia Seaweed Cultivation Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Type
- 11.3.3.2.2. By Method of Harvesting
- 11.3.3.2.3. By Form
- 11.3.3.2.4. By Application
- 11.3.4. Turkey Seaweed Cultivation Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Type
- 11.3.4.2.2. By Method of Harvesting
- 11.3.4.2.3. By Form
- 11.3.4.2.4. By Application
- 11.3.5. Egypt Seaweed Cultivation Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Type
- 11.3.5.2.2. By Method of Harvesting
- 11.3.5.2.3. By Form
- 11.3.5.2.4. By Application
- 12. Market Dynamics
- 12.1. Drivers
- 12.2. Challenges
- 13. Market Trends & Developments
- 14. Competitive Landscape
- 14.1. Qingdao Seawin Biotech Group Co. Ltd.
- 14.2. Cargill, Incorporated
- 14.3. CP Kelco U.S., Inc.
- 14.4. Groupe Roullier (TIMAC Agro International)
- 14.5. E.I. Du Pont de Nemours and Company
- 14.6. Biostadt India Limited
- 14.7. Compo GmbH & Co. KG
- 14.8. Acadian Seaplants Limited
- 14.9. Gelymar SA
- 14.10. BrandT Consolidated, Inc.
- 15. Strategic Recommendations
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