Commercial Seaweed Market Size Worth $12.49 Billion By 2032 | CAGR: 2.6%

The global Commercial Seaweed market size is expected to reach USD 12.49 billion by 2032, according to a new study by Polaris Market Research. The report “Commercial Seaweed Market Share, Size, Trends, Industry Analysis Report, By Form (Powdered, Flakes, Leaf); By Product; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Seaweed is experiencing increased demand in the global food sector due to its effectiveness in enhancing nutritional content. Originally consumed primarily in Asian countries, it is now utilized in countries like the U.S., France, and Canada, where the Asian population has migrated. Macro algae, known for hydrocolloids such as alginate, agar, and carrageenan, contribute to the stability and thickness of various food products, including jam, fruit juice, ice cream,and bakery goods. The green algae segment, rich in beta-carotene for cancer prevention, is expected to grow with rising demand in dietary supplements. The biochemical composition of seaweeds, encompassing amino acids, lipids, peptides, vitamins, proteins, polysaccharides, and minerals, enhances the functionality of food products, driving market expansion in the foreseeable future.

The brown seaweed segment is expected to witness rapid expansion in the forecast period, driven by its extensive applications in agriculture, animal feed, and the food & beverage sectors. Brown seaweeds are predominantly utilized both as a food source and as raw material for the hydrocolloid alginate, serving various purposes such as a filler in candy bars, salad dressings, and as an emulsifier and thickening agent in syrups. The demand for brown seaweeds is poised to increase during the forecast period due to ongoing research exploring the use of alginic acid in lithium-ion batteries. In contrast, red seaweeds are primarily consumed as food and act as a source of hydrocolloids such as carrageenan and agar. Notably, red seaweeds stand out as an excellent source of alternative proteins, given their high vitamin and protein content. The ability of red seaweed to lower bad cholesterol, regulate blood sugar levels, provide antioxidant benefits, enhance immunity, and nourish the skin are key health advantages contributing to the anticipated market expansion.

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The increasing utilization of seaweed in beauty and personal care products stems from its efficacy in providing natural treatments for curly hair and serving as sustainable skin moisturizers. The skin benefits of these extracts align with the rising consumer demand for natural ingredients in personal care items, contributing to their recent surge in popularity as ingredient claims. Seaweed offers emollient and purifying properties, attributed to a rich blend of nutrients such as Vitamins B12, iodine, and phenols. In skincare, it is employed in rejuvenating blends that prove beneficial for oily and acne-prone skin. Additionally, seaweed powder enhances hair volume in hair care applications. Moreover, seaweed powder finds applications in detoxifying baths, spa treatments, moisturizing creams, lotions, exfoliating soaps, scrubs, cleansers, and hair masks.

Commercial Seaweed Market Report Highlights

• The Leaf segment dominated the revenue share in 2023. Seaweed leaves play a crucial role in various local cuisines, ranging from Japan to Indonesia, appearing in dishes like Nori, Onigiri, Sushi, Pandan, and others. Furthermore, seaweed has been a longstanding element in Icelandic, Norwegian, and Irish cuisines for over a thousand years. In recent times, seaweed has garnered increased popularity in diverse global culinary practices, being utilized as a salad ingredient, vegetable additive, and even in pickles.
• The Green seaweed segment held the largest market share in the forecast period. Green seaweed, distinguished by its high beta-carotene content recognized for its cancer-preventive properties, is expected to witness growth in the dietary supplement sector. The increasing demand for incorporating green algae into capsules and tablets is projected to drive the segment's expansion over the forecast period.
• In 2023, Asia Pacific emerged as the dominant market. The global market for commercial algae has experienced significant growth, driven by their growing incorporation into traditional cuisines in countries such as China, Japan, and Vietnam. The expanding demand for macroalgae in the foodservice sector has also contributed to market growth. Furthermore, the increasing consumer inclination towards plant-based cosmetics and personal care products is expected to further propel market expansion in the future.
• The global key market players include Acadian Seaplants Limited, Biostadt India Limited, BrandT Consolidated, Inc., Cargill Inc., Chase Organics GB Limited, Compo GmbH & Co. KG, CP Kelco, E.I. Du Pont de Nemours and Company, Gelymar SA, Indigrow Ltd., Leili Group, Roullier Group, Seasol International Pty. Ltd., Travena Organic Solutions Ltd., West Coast Marine Bio-Processing Corp.

Polaris Market Research has segmented the Commercial Seaweed market report based on form, product, application, and region:

Commercial Seaweed, Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Powdered
• Flakes
• Leaf

Commercial Seaweed, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Red seaweed
• Brown seaweed
• Green seaweed

Commercial Seaweed, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Animal Feed
• Agriculture
• Human Consumption
• Others

Commercial Seaweed, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Commercial Seaweed Market Report Scope