Commercial Seaweeds Market by Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes), Application (Food, Feed, Agriculture), and Region - Global Forecast to 2023

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Date: 19-Oct-2018
No. of pages: 139
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“The commercial seaweeds market is projected to grow at a CAGR of 8.4% during the forecast period.”

The commercial seaweeds market is estimated at USD 14.08 billion in 2018.It is projected to reach USD 21.11 billion by 2023, at a CAGR of 8.4%.The market is driven by its functional properties, which widens the new growth prospects for the food processing industry and the application of seaweeds and seaweed extracts, such as agar, carrageen, and alginate, which are used as gelling, binding, and thickening agents in the food, textile, and other manufacturing industries.

The growth of the brown seaweed segment, in terms of value, is estimated to dominate the global commercial seaweeds market in 2018. Brown seaweeds are increasingly used in the production of high-grade alginates. The increasing use of alginates in dental products is encouraging the leading companies to manufacture alginates from brown seaweeds. In the agriculture sector, brown seaweed extracts are used to produce organic fertilizers due to its potassium-rich content. The growing use of brown seaweeds in the manufacture of bio-plastics is further projected to fuel the market growth.

However, excessive use of seaweed products can adversely affect consumer’s health due to the presence of toxic minerals such as heavy metal residues. This has led to increasing health concerns, globally, which, in turn, serves as a restraining factor for the growth of the commercial seaweeds market.

“The red seaweed is estimated to dominate the global commercial seaweeds market, in terms of volume.”

Red seaweeds are the largest group of seaweeds that are directly consumed as food due to their high content of essential nutrients, such as vitamins, minerals, and antioxidants. As the red seaweeds are nutrition-dense, they are largely used in various food products, such as soups, salads, snacks, and sushi. Red seaweeds are preferred more due to their nutrition and protein-rich properties in comparison to brown and green seaweeds. These seaweeds are also used to manufacture agar and carrageen an, which are widely used as a thickening and gelling agents. On account of these factors, the red seaweed is projected to witness high demand in the global market.

“Seaweeds harvested from aquaculture is projected to witness the fastest growth in the commercial seaweeds market from 2018 to 2023.”

Seaweeds are mainly obtained from aquaculture and are used for extraction and production of carrageen an and alginates. The rise in demand for aquaculture seaweeds as a raw material for the hydro colloid industry to manufacture carrageen an, agar-agar, and alginates is projected to reflect positively on the overall market growth. Furthermore, the cultivation of aquaculture seaweeds does not require large setups and causes minimum harm to fishery resources and seabed. In the developing countries, this method acts as a sustainable activity, which also provides an alternative livelihood for the small-scale fishing community. Due to these factors, seaweed aquaculture remains high across regions, contributing toward the overall market growth.

“North America is projected to be the fastest-growing market for commercial seaweeds from 2018 to 2023.”

North American is projected to be the fastest-growing market for commercial seaweeds during the forecast period. The demand for commercial seaweeds in North America is driven by various factors such as increasing industrial applications of seaweeds and the growing awareness about its functional properties for enhancing the nutritive value in food as well as feed additives. The use of seaweeds in medical applications is also gaining traction in North America due to its high protein, calcium, antioxidants, iodine, potassium, iron, folic acid, fiber, omega-3, low-fat, and sodium content.

Break-up of Primaries:


  • By Company Type: Tier 1 - 25%, Tier 2 - 35%, and Tier 3 - 40%

  • By Designation: C-level - 25%, D-level- 30%, and Manager-level- 45%

  • By Region: North America - 17%, Europe - 28%, Asia Pacific - 33%, and RoW – 22%


The leading players in the commercial seaweeds market include DowDuPont (US), Cargill (US), Roullier Group (France), COMPO EXPERT (Germany), Biostadt India (India), CP Kelco (US), BRANDT (US), Acadian Seaplants (Canada), Gelymar (Chile), Seasol international (Australia), Algea (Norway), Algaia (France), CEAMSA (Spain), and Seawin biotech (China).

Research Coverage:

The commercial seaweeds market is segmented on the basis of type, application, form, mode of harvesting, and key regions. On the basis of type, the market is segmented into red seaweeds, brown seaweeds, and green seaweeds. On the basis of application, the market is segmented into food, feed, agriculture, and others (biomass for fuel, cosmetics, pharmaceuticals, integrated aquaculture, and wastewater treatment). The food is further sub-segmented into dairy products, meat & poultry products, bakery products, confectionery products, and others (soups, salads, and beverages).On the basis of form, the market is segmented into liquid, powder, and flakes. By method of harvesting, the segments include aquaculture and wild harvesting. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive landscape, recent developments, market share analysis, trade data analysis, and key market strategies.

Key Benefits of Buying the Report:


  • To get a comprehensive overview of the commercial seaweeds market with specific reference to the application markets

  • To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies adopted by them

  • To gain insights into the major regions/countries in which the commercial seaweeds market is flourishing

Commercial Seaweeds Market by Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes), Application (Food, Feed, Agriculture), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Volume Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Commercial Seaweeds Market
4.2 Commercial Seaweeds Market, By Key Country
4.3 Asia Pacific: Commercial Seaweeds Market, By Application & Key Country
4.4 Commercial Seaweeds Market, By Type & Region
4.5 Commercial Seaweeds Market, By Form & Region
4.6 Commercial Seaweeds Market, By Method of Harvesting

5 Market Overview
5.1 Introduction
5.2 Commercial Seaweeds Market Dynamics
5.2.1 Drivers
5.2.1.1 Functional Properties of Edible Seaweeds Open Up New Prospect for the Food Processing Industry
5.2.1.2 Increase in Seaweed Harvesting to Cater to the Growing Demand for Seaweeds & Seaweed-Based Products
5.2.1.3 Seaweed Farming - An Alternative Livelihood Boosted By Economic Opportunities and Rising Global Demand
5.2.1.4 Increasing Applications of Commercial Seaweeds
5.2.2 Restraints
5.2.2.1 Excessive Use of Seaweed Products
5.2.3 Opportunities
5.2.3.1 Increase in Technological Development to Cultivate Seaweed Would Reduce Labor Engagement
5.2.3.2 Seaweed—Emerging as A Snack
5.2.4 Challenges
5.2.4.1 Lack in Financial Support and Government Engagement and Improper Marine Spatial Plans
5.2.4.2 Occurrence of Natural Calamities Resulting in A Decline in the Production of Seaweeds
5.3 Value Chain
5.4 Trade Data
5.4.1 Major Commercial Seaweed Importing Countries
5.4.2 Major Commercial Seaweed Exporting Countries

6 Commercial Seaweeds Market, By Type
6.1 Introduction
6.2 Red Seaweeds
6.2.1 Red Seaweeds are Largely Used in Various Food Products Such as Soups, Salads, Snacks, and Sushi
6.3 Brown Seaweeds
6.3.1 Brown Seaweeds are Highly Used in the Production of High-Grade Alginates
6.4 Green Seaweeds
6.4.1 Emerging Uses of Green Seaweed in Other Application Areas Such as Biofuel Production and Wastewater Treatment is Expected to Drive the Market Growth

7 Commercial Seaweeds Market, By Method of Harvesting
7.1 Introduction
7.2 Aquaculture
7.2.1 Rise in Demand as A Raw Material for the Hydrocolloid Industry, Such as Carrageenan, Agar-Agar, and Alginates, is Expected to Drive the Growth of Aquaculture Seaweeds
7.3 Wild Harvesting
7.3.1 Growth of Wild Harvesting Seaweeds is Declining, as These Seaweeds are Susceptible to Easy Contamination By Heavy Metals Such as Mercury and Arsenic, Which are Harmful for Human Consumption

8 Commercial Seaweeds Market, By Form
8.1 Introduction
8.2 Liquid
8.2.1 Liquid Segment Dominates the Commercial Seaweeds Market Due to Their Varied Applications in Agriculture, Pharmaceuticals, Cosmetics, Animal Feed, and Others
8.3 Powder
8.3.1 Use of the Powdered Form of Seaweeds is Projected to Grow Due to Presence of Vitamin B12 and Vitamin E, Making Them Suitable for Cosmetic Products
8.4 Flakes
8.4.1 Increase in Usage as A Seasoning Agents is Expected to Drive the Segment

9 Commercial Seaweeds Market, By Application
9.1 Introduction
9.2 Food
9.2.1 Increasing Industrial Application of Seaweeds Extract Such as Agar, Carrageenan and Alginate in Processed Food is Driving the Market
9.2.2 Dairy Products
9.2.3 Meat & Poultry Products
9.2.4 Bakery Products
9.2.5 Confectionery Products
9.2.6 Others
9.3 Feed
9.3.1 Seaweeds are Significantly Used as Source of Feed Due Their High Protein Content
9.4 Agriculture
9.4.1 Presence of Hormone Such as Auxins & Gibberellins in Seaweeds is Driving the Market for Seaweeds as Agricultural Fertilizers
9.5 Others
9.5.1 Increasing Usage of Seaweeds in Cosmetics, Pharmaceuticals and Bio-Fuel Due to High Nutrient Content is Expected to Drive the Market

10 Commercial Seaweeds Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Easy Availability of Raw Materials, Increase in Use of Organic Products, and Growth in the Aquaculture Industry are Propelling the Market for Commercial Seaweeds in China
10.2.2 Indonesia
10.2.2.1 Increase in Usage of Seaweeds as Direct Food Products, and Use of Eucheuma Cottonii Or Gracilaria Into Various Food Products Such as Beverages, Noodles, Cookies, Crackers, and Sweets, Among Others are Expected to Drive the Market
10.2.3 Philippines
10.2.3.1 Multiple Usage of Seaweeds is Expected to Drive the Growth
10.2.4 South Korea
10.2.4.1 South Korea is the The Second-Fastest-Growing Country-Level Market for Commercial Seaweeds in the Asia Pacific Region
10.2.5 Japan
10.2.5.1 Seaweeds are A Traditional Food Product in Japan, is Expected to Augment the Market Growth and Demand
10.2.6 Rest of Asia Pacific
10.3 North America
10.3.1 US
10.3.1.1 Seaweeds are Largely Used in Dairy Products, Which Drives the Demand for Commercial Seaweeds in Us
10.3.2 Canada
10.3.2.1 Seaweeds in Canada are Largely Used as Biostimulant Extracts for Crops as Well as Feed Supplements
10.3.3 Mexico
10.3.3.1 The Demand for Carrageenan in Mexico is Increasing Due to Its Usage in Bakery, Dairy, and Confectionery Segments is Expected to Drive the Growth of Commercial Seaweeds Market
10.4 Europe
10.4.1 France
10.4.1.1 The Use of Seaweeds in the Processed Food Segment and Confectionery Segment Fueled the Growth of the Commercial Seaweeds Market in France
10.4.2 Ireland
10.4.2.1 Ireland Accounted for the Second-Largest Market Size in the Commercial Seaweeds Market in Europe
10.4.3 Norway
10.4.3.1 Growing Industrial & Human Food Application of Seaweeds Drive the Growth of the Commercial Seaweeds Market in Norway
10.4.4 Spain
10.4.4.1 The Trend of Consuming Seaweed as Vegetables is Growing Rapidly in Spain
10.4.5 Rest of Europe
10.5 Rest of the World (RoW)
10.5.1 Brazil
10.5.1.1 Brazil Dominates the Commercial Seaweeds Market in RoW Region
10.5.2 Argentina
10.5.2.1 The R&D for New Cultivation Techniques and Demand for Seaweeds for the Production of Hydrocolloids is Driving the Market in Argentina
10.5.3 South Africa
10.5.3.1 Seaweeds are Widely Used in Generating Biomass for Biofuel Production in South Africa
10.5.4 Others in RoW

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.3 Market Share Analysis
11.4 Expansions & Investments
11.5 Acquisitions
11.6 New Product Launches
11.7 Partnerships & Agreements

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
12.1 DowDuPont
12.2 Cargill
12.3 Roullier Group
12.4 COMPO EXPERT
12.5 Biostadt India
12.6 CP Kelco
12.7 BRANDT
12.8 Acadian Seaplants
12.9 Gelymar
12.10 Seasol International
12.11 Algea
12.12 Algaia
12.13 CEAMSA
12.14 Seawin Biotech

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables

Table 1 USD Exchange Rates Considered, 2013–2017
Table 2 Commercial Seaweeds Market Snapshot, 2018 vs 2023
Table 3 Dry Matter Composition of Seaweed Species in Percentage
Table 4 Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 5 Commercial Seaweeds Market Size, By Type, 2016–2023 (KT)
Table 6 Red Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 7 Brown Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 8 Green Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 9 Commercial Seaweeds Market Size, By Method of Harvesting, 2016–2023 (USD Million)
Table 10 Commercial Aquacultured Seaweed Market Size, By Region, 2016–2023 (USD Million)
Table 11 Commercial Wild-Harvested Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 12 Commercial Seaweeds Market Size, By Form, 2016–2023 (USD Million)
Table 13 Commercial Liquid Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 14 Commercial Powdered Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 15 Commercial Seaweed Flakes Market Size, By Region, 2016–2023 (USD Million)
Table 16 Commercial Seaweeds Market Size, By Application, 2016-2023 (USD Million)
Table 17 Commercial Seaweeds Market Size in Food, By Region, 2016-2023 (USD Million)
Table 18 Commercial Seaweeds Market Size in Food, By Sub-Application, 2016-2023 (USD Million)
Table 19 Commercial Seaweeds Market Size in Dairy Products, By Region, 2016-2023 (USD Million)
Table 20 Commercial Seaweeds Market Size in Meat & Poultry Products, By Region, 2016-2023 (USD Million)
Table 21 Commercial Seaweeds Market Size in Bakery Products, By Region, 2016-2023 (USD Million)
Table 22 Commercial Seaweeds Market Size in Confectionery Products, By Region, 2016-2023 (USD Million)
Table 23 Commercial Seaweeds Market Size in Other Applications, By Region, 2016-2023 (USD Million)
Table 24 Commercial Seaweeds Market Size in Feed, By Region, 2016-2023 (USD Million)
Table 25 Commercial Seaweeds Market Size in Agriculture, By Region, 2016-2023 (USD Million)
Table 26 Commercial Seaweeds Market Size in Other Applications, By Region, 2016-2023 (USD Million)
Table 27 Commercial Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 28 Commercial Seaweeds Market Size, By Region, 2016–2023 (KT)
Table 29 Asia Pacific: Commercial Seaweeds Market Size, By Country, 2016–2023 (USD Million)
Table 30 Asia Pacific: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 31 Asia Pacific: Commercial Seaweeds Market Size, By Application, 2016–2023 (USD Million)
Table 32 Asia Pacific: Commercial Seaweeds Market Size, By Form, 2016–2023 (USD Million)
Table 33 Asia Pacific: Commercial Seaweeds Market Size, By Method of Harvesting, 2016–2023 (USD Million)
Table 34 China: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 35 Indonesia: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 36 Philippines: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 37 South Korea: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 38 Japan: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 39 Rest of Asia Pacific: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 40 North America: Commercial Seaweeds Market Size, By Country, 2016–2023 (USD Million)
Table 41 North America: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 42 North America: Commercial Seaweeds Market Size, By Application, 2016–2023 (USD Million)
Table 43 North America: Commercial Seaweeds Market Size, By Form, 2016–2023 (USD Million)
Table 44 North America: Commercial Seaweeds Market Size, By Method of Harvesting, 2016–2023 (USD Million)
Table 45 US: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 46 Canada: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 47 Mexico: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 48 Europe: Export of Seaweeds, 2012–2016 (Tonnes)
Table 49 Europe: Import of Seaweeds, 2012–2016 (Tonnes)
Table 50 Europe: Commercial Seaweeds Market Size, By Country, 2016–2023 (USD Million)
Table 51 Europe: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 52 Europe: Commercial Seaweeds Market Size, By Application, 2016–2023 (USD Million)
Table 53 Europe: Commercial Seaweeds Market Size, By Form, 2016–2023 (USD Million)
Table 54 Europe: Commercial Seaweeds Market Size, By Method of Harvesting, 2016–2023 (USD Million)
Table 55 France: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 56 Ireland: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 57 Norway: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 58 Spain: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 59 Rest of Europe: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 60 RoW: Commercial Seaweeds Market Size, By Region, 2016–2023 (USD Million)
Table 61 RoW: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 62 RoW: Commercial Seaweeds Market Size, By Application, 2016–2023 (USD Million)
Table 63 RoW: Commercial Seaweeds Market Size, By Form, 2016–2023 (USD Million)
Table 64 RoW: Commercial Seaweeds Market Size, By Method of Harvesting, 2016–2023 (USD Million)
Table 65 Brazil: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 66 Argentina: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 67 South Africa: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 68 Others in RoW: Commercial Seaweeds Market Size, By Type, 2016–2023 (USD Million)
Table 69 Expansions & Investments, 2014–2018
Table 70 Acquisitions, 2014–2018
Table 71 New Product Launches, 2014–2018
Table 72 Partnerships & Agreements, 2014–2018

List of Figures

Figure 1 Commercial Seaweeds Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Commercial Seaweeds: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Commercial Seaweeds Market Size, By Type, 2018 vs 2023 (KT)
Figure 9 Commercial Seaweeds Market Size, By Application, 2018 vs 2023 (USD Million)
Figure 10 Commercial Seaweeds Market Size, By Form, 2018 vs 2023 (USD Million)
Figure 11 Commercial Seaweeds Market Size, By Method of Harvesting, 2018 vs 2023 (USD Million)
Figure 12 Commercial Seaweeds Market Share (Value), By Region, 2017
Figure 13 Increase in the Number of Industrial Applications of Commercial Seaweeds is Expected to Drive the Market
Figure 14 France & Brazil are Projected to Be the Fast-Growing Markets for Commercial Seaweeds Between 2018 and 2023
Figure 15 Food Accounted for the Largest Share of the Commercial Seaweeds Market
Figure 16 Brown Seaweeds to Dominate the Commercial Seaweeds Market Across Regions Through 2023, in Terms of Value
Figure 17 Liquid to Be the Fastest-Growing Segment During the Forecast Period
Figure 18 Aquaculture to Dominate the Commercial Seaweeds Market During the Forecast Period
Figure 19 Health Credentials of Seaweeds
Figure 20 Commercial Seaweeds Market: Value Chain
Figure 21 Seaweed Imports From 2013 to 2017, By Value
Figure 22 Seaweed Imports From 2013 to 2017, By Volume
Figure 23 Seaweed Exports From 2013 to 2017, By Value
Figure 24 Seaweed Exports From 2013 to 2017, By Volume
Figure 25 Commercial Seaweeds Market Share (Volume), By Type, 2018 vs 2023
Figure 26 Commercial Seaweeds Market Share (Value), By Method of Harvesting, 2018 vs 2023
Figure 27 Commercial Seaweeds Market Share (Value), By Form, 2018 vs 2023
Figure 28 Commercial Seaweeds Market Share (Value), By Type, 2018 vs 2023
Figure 29 Commercial Seaweeds Market Share (Value), By Key Country, 2017
Figure 30 Asia Pacific: Major Farmed Seaweed Producers (2012–2016)
Figure 31 Asia Pacific: Market Snapshot
Figure 32 North America: Market Snapshot
Figure 33 Key Developments By Leading Players in the Commercial Seaweeds Market, 2014–2018
Figure 34 Number of Developments Between 2018 and 2016
Figure 35 Market Share of Key Players in the Commercial Seaweeds Market
Figure 36 DowDuPont: Company Snapshot
Figure 37 DowDuPont: SWOT Analysis
Figure 38 Cargill: Company Snapshot
Figure 39 Cargill: SWOT Analysis
Figure 40 Roullier Group: SWOT Analysis
Figure 41 Biostadt India: SWOT Analysis

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