According to the latest report by IMARC Group, titled “Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global seaweed market reached a production value of US$ 11.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.8% during 2021-2026.
Seaweeds, also known as macroalgae, represent several macroscopic, multicellular, and marine algae that grow in oceans, seas, lakes, rivers, etc. They are obtained from aquaculture and wild harvest. Various hydrocolloids, including agar, alginate, gelatinous substances, carrageenan, etc., can be extracted from them. Seaweeds offer numerous health benefits and find extensive applications in food and beverages, pharma products, wastewater treatment, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The rising consumption of seaweed in dietary supplements owing to its nutritional content, flavor-boosting properties, weight loss benefits, etc., is primarily driving the seaweed market. Furthermore, seaweeds are rich in bioactive compounds, antioxidants, and antimicrobial attributes, making them suitable for numerous medical purposes in the pharmaceutical industry, which is also propelling the product demand. Besides this, the increasing utilization of seaweed in the textile industry as a thickening agent as well as in the agriculture sector for crop protection, improving soil quality, enhancing yield, etc., is further catalyzing the market growth. Additionally, the growing investments in several R&D activities and the elevating consumer awareness towards the diversified product applications are expected to fuel the seaweed market over the forecasted period.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the top Seaweed Companies in World 2021 being:
- Acadian Seaplants Limited
- Cargill Incorporated
- DuPont de Nemours, Inc.
- Irish Seaweeds
- Mara Seaweeds
- Qingdao Gather Great Ocean Algae Industry Group (GGOG)
Breakup by Environment:
- Wild Harvest
Breakup by Product:
Breakup by Application:
- Processed Foods
- Direct Human Consumption
- Animal Feed Additives
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Must-Visit the Blog: Top Seaweed Companies 2021 by IMARC Group
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