With a projected CAGR of 7.8% from 2022 to 2032, the global Seaweed Cultivation Market is anticipated to grow from US$ 20.57 billion in 2022 to US$ 43.66 billion by 2032. A significant portion of the world’s seaweed is grown in East and South Asia.
5%–10% of the world’s aquaculture output comes from the cultivation of seaweed. The second- and third-largest species in the worldwide aquaculture market, respectively, are brown and red seaweed.
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From 2017 to 2021, the market for seaweed cultivation grew at a CAGR of 6.6%.
The demand for goods with various health advantages is increasing globally. Macroalgae, also referred to as seaweed, is a fantastic source of vitamins and antioxidants.
Due to their low calorie content and the high nutrient density they provide to food formulators, seaweeds are adaptable components that can be used in a variety of culinary applications. Even with this nutritional profile, outside of Asia, there is currently little demand for seaweed.
Customers who need alternate sources of protein in their diets can also utilise seaweeds in supplements. A sustainable source that may offer both macro- and micronutrients to people is edible seaweed.
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Key Players:
CP Kelco,Algaia,Cargill, Inc,DuPont,Qingdao Seawin Biotech Group Co. Ltd.,Acadian Seaplants,Seaweed Energy Solutions AS,The Seaweed Company,Celtic Sea Spice Company,Irish Seaweeds,Maine Coast Sea Vegetables,Vitamin Sea Seaweed,Pacific Harvest,Atlantic Mariculture,Atlantic Holdfast Seaweed Company,Seaweed Kings,Z Company,Cenalga, LLC,The Cornish Seaweed Company,Maine Fresh Sea Farm
Competitive Landscape
Businesses that are a part of the seaweed supply chain are forming strong alliances with diverse market participants. Through these collaborations, they are able to access a consistent supply of seaweed while also ensuring a traceable and transparent supply chain.
Market participants are investing in R&D projects and placing a high priority on innovation.A collaboration agreement for natural cosmetics was struck by Algaia with the Institute Carnot I2C in 2020. To meet the expanding demands of the natural cosmetics sector, our collaboration aims to develop novel substances made from algae, such as seaweeds.
2020 will mark the year when Seaweed Energy Solutions AS completes the installation of a 500-ton per year, 19-hectare kelp farm. The new farm boosted its capability for production.
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TABLE OF CONTENT FOR THIS REPORT
- Seaweed Cultivation Market Overview and Analysis [ Market Size | Market Y-o-Y Growth | Market Dynamics]
- Seaweed Cultivation Market Overview and Analysis [Supply Chain | Cost Structure | Pricing Analysis | Raw Material Sourcing Strategy and Analysis | List of Distributors]
- Global Seaweed Cultivation Market Analysis and Forecast By Product Type
- Global Seaweed Cultivation Market Analysis and Forecast By Application Type
- Global Seaweed Cultivation Market Analysis and Forecast By Region [ Europe | North America | APAC | Middle East and Africa]
- Global Seaweed Cultivation Market Company Share, Competition Landscape and Company Profiles
- Research Methodology
- Secondary and Primary Sources
- Assumptions and Acronyms
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