The global market for Edible Seaweed is projected to grow significantly from USD 11,250.0 million in 2023 to USD 19,745.0 million by 2033, with sales expected to rise at a notable CAGR of 5.8% over the coming decade.
Seaweeds are rich in iodine, omega-3, and omega-6 fatty acids, making them valuable in Asian cuisines such as soups, sushi, and stews for centuries. They contain carrageenans, fucoidans, and agars, which serve as prebiotics—non-digestible fibers that support beneficial bacteria in the gut. Research indicates that seaweed consumption may also contribute to lowering blood pressure levels.
Seaweed farming is on the rise due to its potential as a renewable source for biofuels. Biofuels play a crucial role in mitigating carbon footprints, combating climate change, and addressing environmental degradation. Despite its abundance, seaweed remains an underutilized biomass resource. Moreover, seaweed is extensively utilized in various forms, including as ingredients in animal feed, contributing significantly to a billion-dollar industry.
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Key Trends
Brown seaweed offers a wide array of applications, including stress and arthritis relief, weight loss support, management of heart diseases, reduction of cholesterol levels, and potential cancer-fighting properties.
The demand for commercial seaweed has risen in recent years, driven by expanded applications and recognized medicinal properties.
Seaweeds find usage in soups, stews, and various dishes across Asian countries, while serving as gelling and thickening agents in North American and European cuisines.
Edible seaweeds are increasingly valued as a rich source of dietary fiber, gaining popularity for their use in processed foods in the global market.
Competitive Landscape:
The competitive landscape of edible seaweed is dynamic and evolving, driven by increasing demand for sustainable and cost-effective feed options. Factors influencing competitiveness include availability, cost, nutritional value, market acceptance, and regulatory considerations.
Key Companies Profiled
Gelymar; Tasmanian Seafood Seduction; PhycoHealth; Sea Forest; Australian Seaweed Institute; Marinova; Great Southern Ocean; The Seaweed Company; Acadian Seaplants; Qingdao Gather Great Ocean Algae Industry Group; Roquette Klotze GmbH; Cargill, Incorporated; Acadian Seaplants; Qingdao Seawin Biotech Group Co. Ltd.; CP Kelco USA, Inc.; AquAgri Processing Pvt. Ltd; Algaia; BASF SE
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Edible Seaweed Market by Category
By Product Type:
- Brown Algae
- Green Algae
- Red Algae
By End Use Application:
- Food & Beverage Processing
- Pharmaceuticals
- Dietary Supplements and Nutraceuticals
- Personal Care and Cosmetics
- Animal Feed
- Aqua Feed
- Pet Food
- Retail
By Extraction Method:
- Conventional
- Current Method
By Form:
- Dried
- Whole
- Powder
- Liquid
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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