Global Commercial Seaweed Market size is projected to reach USD 27.07 Billion by 2028 from an estimated USD 16.23 Billion in 2021, growing at a CAGR of 7.58%.
Commercial seaweed, also known as marine algae, come in a variety of colors such as red, brown, and green. These commercial seaweeds are shaped in the form of delicate fingers, broad leaves, and spheres. Commercial seaweed has been utilized around the world for many centuries, and was also considered to be a source of food in a few coastal communities.
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Commercial seaweed products such as carrageenan are widely used in the food and beverage industry as emulsifying and particle suspension agents, thickeners, stabilizers, and protein stabilizers in various types of processed food products such as chocolate milk, salad dressings, dairy products, ice cream, and sour cream. Commercial seaweed is majorly used as a substitute for gelatin based food and beverage products, especially for the vegan population. Commercial seaweed is also widely used in food applications such as baked products, confectioneries, and beverages.
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The Top Key Players include Commercial Seaweeds Market:
DowDuPont
Cargill
Beijing Leili
Organic Irish
• Kerry Group Plc.
• Ocean Harvest Technology Ltd.
• Gelymer S.A.
• Corbion N.V.
• Green Ocean Farming UK and other major players.
The global Commercial Seaweeds market is divided into species, harvesting methods, fields, applications and key geographies. By type, the market is divided into Red Sea View, Brown Sea View and Green Sea View. According to the harvesting method, the market is classified as aquaculture and wild crop. According to the form, the market is divided into liquid, powder and flake. Based on the application, the market is classified as food, food and agriculture.
Market Segmentation
By Type
• Red
Brown
Green By Form Liquid
Powdered
Flakes
By ApplicationAgriculture
• Animal Feed
Human Food
• Other Applications
Region and country level analysis:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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The Impact of COVID 19 on the Seaweed Market
The COVID 19 pandemic has adversely hit many economies around the world. Government measures to combat the COVID 19 pandemic, such as nationwide lockdowns and quarantines, negatively impacted many industries. Most manufacturers of food products in the F&B sector continue to feel the impact of COVID 19. Social distancing, self isolation, and city wide lockdowns have forced the closures of many establishments in countries across Asia, the U.S., Europe, and the rest of the world.