Driven By the Adoption of Commercial Seaweed in The Food and Beverage Industry, The Global Commercial Seaweed Market Is Forecasted to Reach Nearly US$ 25 Bn By 2028 says Ken Research Study.
Seaweed is a type of marine algae that grows in the sea, oceans, lakes, rivers, and other water bodies. They come in a variety of product types such as brown, green, and red. It is the main source of food for ocean life. Seaweed is used as a raw material for the production of agricultural goods, animal feed additives, and medicines. It may be utilized in powder, liquid, or flake form.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.
1. The Commercial Seaweed Market Is Witnessing Steady Growth Owing to the adoption of Commercial Seaweeds in the Food and beverage industry.
The commercial seaweed market is witnessing steady growth owing to the adoption of seaweed in the food and beverage industry due to its high nutritional value. Furthermore, the rise in demand for plant-based food owing to the rise in awareness about animal welfare is likely to fuel the growth of this market. Seaweed is highly rich in fiber, vitamins, proteins, iodine, zinc, iron, and more which help consumer cells from damage as well as better thyroid function.
According to Ken Research estimates, the Global Commercial Seaweed Market – valued at around ~US$ 10 billion in 2017 and estimated to reach nearly ~US$ 15 billion by 2022 – it is further expected to reach a market size of ~US$ 25 billion opportunities by 2028.
2. The Adoption of Commercial Seaweed in Cosmetics and Pharmaceuticals Is Driving the Growth of the Global Commercial Seaweed Market.
Commercial seaweed is majorly used in the pharmaceuticals and cosmetics industry as seaweed contains antioxidants and antimicrobial properties that are used in cosmetic products as a preservative, which will delay the shelf life of the cosmetic product by killing the microorganisms such as fungi that can spoil the cosmetic products.
- In February 2022, Ashlan and Philippe Cousteau, renowned environmentalists launched the cosmetics brand related to seaweed called SeaWeed Naturals, these cosmetics are created from natural processes thus making them skin friendly as they are rich in antioxidants, amino acids, and vitamin C, which will save from UV damage caused by sun.
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The below graphs depict the average Shelf life of Normal Cosmetics and Seaweed Cosmetics (in years).
3. The High Cost of Seaweed Cultivation Is One of The Major Reasons Hindering the Growth of The Global Commercial Seaweed Market.
Due to the rise in wastewater the collection of seaweed from the ocean has become very difficult thus new and advanced tools are now required for the collection of seaweed which significantly raises the price of seaweed in the market.
Although Government is providing financial aid to the farmers and manufacturers to meet up the rising demand for seaweed in the food & beverages, and cosmetics industries still the average cost of cultivation tools is much more than what the government is providing to the farmers.
The below graphs depict the average Cost of Seaweed Cultivation tools in US$.
Key Topics Covered in the Report
- Snapshot of the Global Commercial Seaweed Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Commercial Seaweed Market
- Historic Growth of the Overall Global Commercial Seaweed Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Commercial Seaweed Industry
- Overview, Product Offerings, and Strength & Weakness
- COVID-19 Impact on the Overall Global Commercial Seaweed Market
- Future Market Forecast and Growth Rates of the Total Global Commercial Seaweed Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Commercial Seaweed Market
- Major Production/Supply and Consumption/Demand Hubs within Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Notable Key Players Mentioned in the Report
- Cargill Inc.
- DuPont
- Roullier Group
- Biostadt India Limited
- Seasol
- Leili Group
- Gelymar SA
- BrandT Consolidated, Inc.
- FMC Corporation
- CP Kelco.
Notable Emerging Companies Mentioned in the Report
- PlantSea
- Phykos
- Sway Innovation Co
- Symbrosia Inc.
- Blue Ocean Barns
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Commercial Seaweed Companies
- Commercial Seaweed Product Manufacturers
- Suppliers of Seaweed Production Equipment
- Fishing Equipment Providers
- Marine Equipment Providers
- Government Ministries of Fisheries
- Government Ministries of Ports, Shipping and Waterways
- Commercial Seaweed Industry Association
- Seaweed Processing Companies
- Venture Capitalists Targeting Commercial Seaweed Industry
- PE Firms Targeting Commercial Seaweed Industry
- Financial Institutions Targeting Commercial Seaweed Industry
Time Period Captured in the Report
- Historical Period: 2017-202
- Forecast Period: 2022E-2028F
For more information on the research report, refer to the below link:
Global Commercial Seaweed Market
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