Global Seaweed Extract Market
The Global Seaweed Extract Market is expected to grow from US$ 1.7 Billion in 2021 to US$ 2.1 Billion by 2027; it is estimated to grow at a CAGR of 3.4% from 2021 to 2027.
Simple plants known as seaweed—marine algae, including red, brown, and green algae—live in seawater. Seaweed extracts are a group of essential combinations that are taken from several forms of algae, including red, brown, and green algae. The chemicals with beneficial properties that are extracted from different kinds of seaweeds and employed in a variety of industries, including horticulture, medicines, cosmetics, and others, are known as seaweed extracts. Dietary supplements also contain seaweed extracts. Products made from seaweed extracts include gelatinous compounds, alginate, agar, carrageenan, and others.
Drivers: The demand for cosmetic products like shampoo, cream, and others is rising. The marine industry is expanding rapidly, and there is increased investment being made in the development of cutting-edge products. These are some of the factors that will propel the growth of the seaweed extracts market during the forecast period. One of the main drivers propelling the global seaweed extract market is the rising demand for organic products, as well as the expansion of the marine sector, cutting-edge technology, and R&D activities.
The market for seaweed extracts is growing as a result of the rising use of powdered seaweed extracts in cosmetic products such soaps, shampoos, and creams. Increased plant stress tolerance and the manufacture of liquid seaweed extracts for use in pesticides and fertilisers are anticipated to propel the worldwide seaweed extracts market to new heights. Due to the growing use of seaweed extracts across a variety of industries, the global market for seaweed extracts is anticipated to expand quickly over the coming years.
Restraints: The difficult extraction method is the main barrier to the global market for seaweed extracts. The market for seaweed extracts is also being hampered by the need for clean-label goods. Participants in the seaweed extract industry have been required to go through a number of steps to obtain approval from authorities due to strict regulatory controls from governments and ongoing consumer scrutiny for health reasons.
Impact of Covid-19
The new coronavirus epidemic and the ensuing lockdowns had a severe effect on the market for seaweed extracts worldwide. Low volume sales were a result of countries with limited seaweed availability having to rely on imports, which were interrupted for an extended period of time. The demand for seaweed in the food and cosmetic industries drastically decreased, which had a negative impact on seaweed producers, according to the United Nations Industrial Development Organization. China is the world's major exporter of seaweed extracts, and early 2020 trade from that nation has been severely impacted. The cost of Cottonii seaweed, which is used to make carrageenan (a thickening, emulsifying, and preservative food and beverage additive), decreased by over 50% as a result.
Segmentation By Form: Global Seaweed Extract Market is classified on the basis of form into Liquid, Powder, and Flakes.
Segmentation By End Use: Global Seaweed Extract Market is classified on the basis of End Use into Food & Beverages, Agricultural Products, Animal Feed Additives, Pharmaceuticals, and Others.
Segmentation By Region: Seaweed Extract Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of Seaweed Extract Market are Acadian Seaplants Limited, Annie Chun’s Inc, Algaia, Arthru Branwell & Co. Ltd, Biolchim SPA, Cargill Incorporated, Compañía Española de Algas Marinas S.A., CP Kelco, DuPont Inc., Extractos Naturales Gelymar S.A., Fuerst Day Lawson Limited, Groupe Roullier, Humate International Limited, Kelpak, Maine Coast Sea Vegetables, Marinalg International Irish Seaweed, Mara Seaweed, mingyue Seaweed Group, Ocean Harvest Technology Limited, Ocean Rainforest, and Valagro.
Industrial Development
Market Taxonomy
By Form
By End Use
By Region
Key Questions Addressed by the Report
Global Seaweed Extract Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Technologies
3 Executive Summary
4 Global Seaweed Extract Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Seaweed Extract Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Seaweed Extract Market Share Analysis, By Form
5.3 Global Seaweed Extract Market Size and Forecast, By Form
5.3.1 Liquid
5.3.2 Powder
5.3.3 Flakes
6 Global Seaweed Extract Market, By End Use
6.1 Y-o-Y Growth Comparison, By End Use
6.2 Global Seaweed Extract Market Share Analysis, By End Use
6.3 Global Seaweed Extract Market Size and Forecast, By End Use
6.3.1 Food & Beverages
6.3.2 Agricultural Products
6.3.3 Animal Feed Additives
6.3.4 Pharmaceuticals
6.3.5 Others
7 Global Seaweed Extract Market, By Region
7.1 Global Seaweed Extract Market Share Analysis, By Region
7.2 Global Seaweed Extract Market Share Analysis, By Region
7.3 Global Seaweed Extract Market Size and Forecast, By Region
8 North America Seaweed Extract Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Seaweed Extract Market Share Analysis, By Form
8.3 North America Seaweed Extract Market Size and Forecast, By End Use
8.4 North America Seaweed Extract Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Seaweed Extract Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Seaweed Extract Market Share Analysis, By Form
9.3 Europe Seaweed Extract Market Size and Forecast, By End Use
9.4 Europe Seaweed Extract Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Seaweed Extract Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Seaweed Extract Market Share Analysis, By Form
10.3 Asia Pacific Seaweed Extract Market Size and Forecast, By End Use
10.4 Asia Pacific Seaweed Extract Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Seaweed Extract Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Seaweed Extract Market Share Analysis, By Form
11.3 Latin America Seaweed Extract Market Size and Forecast, By End Use
11.4 Latin America Seaweed Extract Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Seaweed Extract Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Seaweed Extract Market Share Analysis, By Form
12.3 Middle East Seaweed Extract Market Size and Forecast, By End Use
12.4 Middle East Seaweed Extract Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Acadian Seaplants Limited
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Annie Chun’s Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Arthru Branwell & Co. Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Biolchim SPA
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Española de Algas Marinas S.A.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Mara Seaweed
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Valagro
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
