Global Commercial Seaweed Market Outlook

commercial seaweed market is poised for substantial growth, with an anticipated size reaching USD 16.9 billion by 2028, exhibiting a robust Compound Annual Growth Rate (CAGR) of 10.10% from 2021 to 2028. Across various sectors including food, animal feed, medicines, and other industries, the utilization of hydrocolloids such as carrageenan, alginate, and agar has witnessed significant expansion in recent years. The global commercial seaweed market is segmented by type into red seaweeds, brown seaweeds, and green seaweeds. Among these segments, the brown seaweeds segment is projected to secure the largest revenue share and maintain its lead throughout the forecast period. Brown seaweeds are rich in iodine and tyrosine, essential for maintaining thyroid function, along with being a good source of vitamins and minerals like iron, manganese, copper, and vitamins B2, B1, A, C, E, and K, among others. These properties contribute to improving bone health, hormone balance, reducing fatigue, hypothyroidism, and addressing menstrual problems, driving the growth of the brown seaweeds segment in the global commercial seaweeds market.

The method of harvesting divides the global commercial seaweeds market into aquaculture and wild harvesting. The aquaculture segment is expected to garner a major share due to its minimal seabed disruption and cost-effectiveness. Additionally, it is anticipated to exhibit a higher CAGR during the forecast period, driven by the increasing preference for aquaculture among seaweed producers.

Segmented by form, the global commercial seaweeds market includes liquid, powder, flakes, and others. The liquid segment is forecasted to lead in revenue share and maintain its dominance throughout the forecast period. Liquid seaweed forms find extensive applications in food & beverages, agriculture, and feed sectors due to their protective antioxidant properties.

In terms of applications, the global commercial seaweeds market outlook  is segmented into agriculture, animal feed, food & beverages, and others. Within this, the food & beverages segment is expected to secure the highest revenue share, owing to seaweeds' nutrient-rich composition, including iodine, calcium, magnesium, iron, and vitamins. Furthermore, seaweeds serve as gelling and thickening agents in various processed food products such as dairy drinks, creams, cheese, and candies, further bolstering market growth.

Regionally, Asia-Pacific is anticipated to dominate the global commercial seaweeds market due to the presence of various seaweed species and major suppliers such as China, Indonesia, and Japan. North America and the Rest of the World (RoW) markets are also expected to witness rapid growth, driven by increasing consumption and awareness regarding the nutritional content of seaweeds. Notably, North America's market share is bolstered by rising demand for clean label and organic food products, leading to seaweed usage as a natural fertilizer in agriculture.

Key players in the global commercial seaweeds market include Cargill, Incorporated, DowDuPont Inc., Algaia SA, Compañía Española de Algas Marinas S.A., Extractos Naturales Gelymar S.A., Acadian Seaplants Limited, CP Kelco U.S., Inc., Biostadt India Limited, COMPO EXPERT GmbH, and Compagnie Financiere et de Participations Roullier S.A. These players are actively involved in strategic initiatives to strengthen their market position and capitalize on emerging opportunities in the commercial seaweeds market.

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