The global seaweed hydrocolloids market, valued at USD 610.0 million in 2023, is poised for significant growth. Projections indicate it will reach USD 997.0 million by 2033, with an anticipated CAGR of 4.9% over the period.
| Attributes | Key Insights |
| Estimated Global Seaweed Hydrocolloid Market Size (2023E) | US$ 610.0 million |
| Projected Seaweed Hydrocolloid Market Value (2033F) | US$ 997.0 million |
| Value-based Seaweed Hydrocolloid Market CAGR (2023 to 2033) | 4.9% |
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Key Companies
Hispanagar; Cargill, Incorporated; CP Kelco; AgarGel; Algaia; Compania Espanola de Algas Marinas (CEAMSA); DuPont Nutrition & Health; Gelymar; Roko Agar; Agar Del Pacifico (Agarpac); Agarmex; INDONESIAN SEAWEED (ASTRULI); International Flavours & Fragrances Inc.
Key Countries
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Competitive Landscape
The seaweed hydrocolloid market has a diverse and dynamic competitive landscape. A mix of established players and new entrants characterizes the competitive landscape of the seaweed hydrocolloid market. Key market players invest in research and development, mergers, acquisitions, and expansion activities to strengthen their market presence and offerings.
Product Launches and Key Developments-
- International Flavors & Fragrances Inc. introduced SEAFLOUR, a nutrient-dense hydrocolloid from non-GMO red seaweed.
- Cargill offers the industry’s most extensive portfolios of seaweed hydrocolloids, such as Aubygel, Satiagel, and Satiagum.
- In 2023, the JRS Group acquired Algaia SA, a manufacturer and expert in seaweed extracts and hydrocolloids produced sustainably.
Key Trends
- Increasing Popularity of Seaweed Hydrocolloids in the Food and Beverage Sector
- Growing Consumer Awareness of the Health Benefits of Seaweed Hydrocolloids
- Rising Demand for Seaweed Hydrocolloids Driven by Plant-Based and Vegan Diets
- Rising Adoption of Seaweed Hydrocolloids in Cosmetics and Personal Care: Natural and Eco-Friendly Alternatives
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Seaweed Hydrocolloid Market Outlook by Category
By Type:
- Carrageenan
- Alginate
- Agar
By Source:
- Red Seaweed
- Brown Seaweed
- Green Seaweed
By Application:
- Food and Beverages
- Bakery and Confectionery
- Meat and Poultry Products
- Beverages
- Dairy Products
- Sauces and Dressing
- Cosmetics and Personal Care
- Pharmaceuticals
- Animal Feed
By Function:
- Thickener
- Stabilizer
- Coating Material
- Fat Replacer
- Gelling Agent
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Frequently Asked Questions
What is the current seaweed hydrocolloid market value?
In 2023, the market value of seaweed hydrocolloids is estimated to be US$ 610.0 million.
At what CAGR is the seaweed hydrocolloid market expected to expand?
The seaweed hydrocolloid market is estimated to surge at a 4.9% CAGR through 2033.
How big will the seaweed hydrocolloid market be in 2033?
The market for seaweed hydrocolloids is set to reach US$ 997.0 million in 2033.
Which country will exhibit a robust CAGR through 2033?
China is projected to rise at a CAGR of 6.4%.
Which seaweed type dominates the market?
Carrageenan dominated the market with a share of 38%.
Which region is estimated to witness impressive growth?
Thriving at a 6.2% CAGR, Japan is estimated to witness robust growth.
Who are the key players in the seaweed hydrocolloid market?
Key players include Cargill, International Flavors & Fragrances Inc., Hispanagar, and CP Kelco.
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