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Edible Seaweeds Market By Type (Red Algae, Brown Algae, Green Algae, Others) By Application (Food, Feed, Cosmetic and Medicine, Industrial, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The global edible seaweeds market report explores the critical analysis of the edible seaweeds industry using key parameters. The report consists of investment strategies, the need for investments in the edible seaweed industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the edible seaweed industry, as well as how economic and non-economic barriers are helping the edible seaweed market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Edible Seaweed Market?

In 2021, red algae will be the leading segment in the type. As a result of growing health consciousness, growing food applications of red seaweeds, and increasing industries' demand for agar and carrageenan hydrocolloids.

In 2021, the food category led the edible seaweed industry as a whole, and this trend is anticipated to remain for the entire projection period. This is mainly due to increasing demand for organic foods and vegan products, increasing usage of seaweed for human consumption, and growing demand for organic foods.

Which region dominated the Edible Seaweeds Market?

In 2021, Asia Pacific was one of the major contributors to the global edible seaweed market. Several Asian countries, such as China, Indonesia, Korea, and the Philippines, have grown their seaweed industries, resulting in a large market for seaweed cultivation in Asia. Seaweeds can be produced easily, under favorable climatic conditions, at low labor costs, and can be directly used in food preparation due to the easy availability of raw materials. Additionally, Japan's global edible seaweed market is expected to grow significantly over the forecast period due to increasing health awareness among consumers and its use as fertilizer in agriculture.

What is the competitive environment of the Edible Seaweeds Market?

As the edible seaweed industry is serving benefits for various industries, the major key players are investing and merging for a strategic purpose. For instance, The long-term partnership between CP Kelco and Biesterfeld in Europe was expanded in August 2020. This partnership will strengthen Biesterfeld's presence in Europe by distributing nature-based pectins, carrageenans, xanthan gum, and citrus fiber from CP Kelco in Germany, Poland, the Czech Republic, Slovakia, Hungary, Estonia, Lituania, and Latvia. Moreover, As of December 2020, Qingdao Seawin Biotech Group Co Ltd. (China) has expanded its new industrial zone to start in Qingdao High-tech Industrial Development Zone, which will be dedicated to producing marine tool enzymes and biostimulants from double seaweed, marine bio-bactericides, and marine protein peptides. There is an industrial upgrading system for enterprises in Jiaodong Peninsula, covering an area of 520,000 square meters with strong support and guarantees for their development.

Executive Summary

What are all technical developments being developed in the Edible Seaweeds Industry Market?

Various new trending technologies are also being adopted by the industry, namely machine learning, the Internet of Things, and artificial intelligence, helping to improve seaweed production and monitor seaweed biomass and habitat, driving the market's growth.

Which are the key investments by the players in the Edible Seaweeds Industry Market?

Edible seaweeds are being adopted in various fields due to their multi-purpose benefits. Various investments are made among the key player. For instance, as part of a new long-term strategic partnership announced in January 2019, Gelymar announced its strategic partnership with Algaia, an established global player in alginate and specialty algae extracts. Algaia's current US distributor, AIDP Inc., will market Gelymar and Algaia's products in North America. A broad range of algae ingredients will be offered by Gelymar under this agreement in North America, positioning the company as a leader in algae extracts for foods, nutraceuticals, and personal care products.

Some of the major players in the market are Seakura, Kelpak, Seagate Products, Cargill, Irish Seaweeds, AlgAran, Dakini Tidal Wilds, Wild Irish Sea Veg, Weihai Shidai Marine Biotechnology, Shandong Lidao Oceanic Technology, Fujian Lianjiang Tianyuan Aquatic, Xunshan Group, Qingdao Gather Great Ocean Algae, Fujian Yiyuan Sea Food Company, and Fujian Huangqiwan Sea Food Biotechnology.

What are the Major Driving Factors for the Edible Seaweeds Market?

The red algae that will likely accelerate market growth are the high protinecious food demand. This food is a great source of alternative proteins because of its fantastic functional properties and high concentration of proteins and vitamins. In addition to extensive applications in food processing, red algae are also used in diet pills to produce carrageenan. Carrageenan is one of the most commonly used substances in diet pills.

What are the Major Risks for the Edible Seaweeds Market?

For seaweed manufacturers, the biggest challenge is the occurrence of natural disasters in the coastal regions of seaweed-producing countries in the Asia Pacific and South America. In addition to natural calamities, including typhoons, floods, droughts, earthquakes, volcanic eruptions, and pests & diseases, seaweed farming is also affected by pests & diseases. It has become necessary for seaweed farmers to build artificial ponds in off-marine areas (mariculture), which use seawater as a water source. Such calamities carry an inherent risk and pose a significant challenge. As a result, farmers face financial challenges associated with adopting alternative cultivation techniques, affecting the scale of seaweed production.

Which is the key Application in the Edible Seaweeds Market?

The food sector dominated the edible seaweed market in 2021. Throughout the forecasted period, food products dominated the application segment for seaweeds. There are a variety of uses for seaweed extracts in the dairy industry, including agar, carrageenan, and alginate. Various products, including cheese, creams, desserts, ice creams, dairy powders, and dairy drinks, use these extracts for thickening and gelling. Chocolate and other milk drinks are also stabilized with alginates to increase viscosity. Among the applications of seaweed cultivation, food dominates the market in terms of value. Seaweed contains iodine, calcium, magnesium, iron, vitamins, antioxidants, and fiber, which make it an ideal health food. The use of seaweed in processed food products encompasses a wide range of applications, such as thickening and gelling. Manufacturing low-calorie ice creams and cakes with seaweed is also a trend driving market growth.

How is the Edible Seaweeds Market performing in regions?

In 2021, the global edible seaweed market was dominated by the Asia Pacific. As a result of the presence of several local and regional players, various government initiatives to promote seaweed cultivation and use in several industries, the growth of organic food products, and the increasing use of sea vegetables for food, the region holds a large share of the regional market. Additionally, the region is well positioned to produce and consume large quantities of seaweed since it has access to raw materials, favorable climatic conditions for production, and cheap labor. Commercial algae have become increasingly popular in traditional cuisines of various countries, including China, Japan, and Vietnam, and their global demand has increased. As a result of a growing demand for macroalgae from the food service industry, the region's manufacturing sector has experienced rapid growth. These factors contribute to the growth of the seaweed market in this region.

Besides, the edible seaweed market in the North American region is anticipated to grow fastest. It is believed that the increasing demand for healthy and organic food products among consumers in this country is the reason behind the growth of the edible seaweed market. Growing health consciousness among consumers, in conjunction with increased consumption of edible seaweed in coastal areas, has increased consumption of edible seaweed. These regions enjoy the benefits of seaweeds, including their high content of iodine, calcium, magnesium, iron, vitamins, and antioxidants, and the use of seaweeds in industrial applications.

What is the regulatory landscape for the Edible Seaweeds Market?

There is no specific regulation for edible seaweed/algae across the globe. The suitability of algae for human food consumption is governed by the so-called "Novel Food" Regulation, which applies to food and ingredients which were not consumed consumption to a significant degree in Europe before May 15th, 1997.

What is the Market Size of the Edible Seaweeds regarding value?

The global edible seaweed market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global edible seaweed industry was estimated to be worth USD XX million in 2021 and was expected to be worth USD XX million by 2028.

What are the major players planning for the future of the Edible Seaweed Market?

Plant-based protein alternatives are being developed using macroalgae as a source of protein, driving this market's growth. For example, a French bio marine ingredient company invested USD 2.4 million in June 2020 to develop seaweed-based solutions as a substitute for animal products.

Segmentation of Global Edible seaweeds Market-

Global Edible seaweeds Market – By Type

  • Red Algae
  • Brown Algae
  • Green Algae
  • Others

Global Edible seaweeds Market – By Application

  • Food
  • Feed
  • Cosmetic and Medicine
  • Industrial
  • Others

Global Edible seaweeds Market – By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Frequently asked questions :

The market for Edible Seaweeds Market is expected to reach US$ XX Bn in 2028.

The Edible Seaweeds Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016-2028.

The base year of this report is 2015.

Seakura, Kelpak, Seagate Products, Cargill,Irish Seaweeds, AlgAran, Dakini Tidal Wilds are some of the major players in the global market.

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Sep 2022
Category:  Food & Beverage
Report ID:   60675
Report Format:   PDF
Pages:   102
Rating:    4.2 (46)
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