Seaweed Derivatives Market Analysis and Forecast to 2032: By Source (Red Seaweed, Brown Seaweed, Green Seaweed), Form (Liquid, Powder, Flakes), End-Use (Food and Beverages, Agricultural Products, Animal Feed Additives, Pharmaceuticals, Others), and Region

The global seaweed derivatives market was valued at USD 2210.4 million in 2022 and it is anticipated to grow further till USD 5704.2 million by 2032, at a CAGR of 9.9% during the forecast period.

Seaweed derivatives are substances that are extracted from seaweed. These substances can be used for a variety of purposes, including as food additives, cosmetics, and pharmaceuticals. Seaweed derivatives are often rich in nutrients, minerals, and antioxidants, which makes them beneficial for human health. Some of the most common seaweed derivatives include agar, carrageenan, alginate, and nori.

Global Seaweed Derivatives Market Scope and Report Structure
Report AttributeDetails
Market Size in 2022US$ 2210.4 Million
Market Size in 2032US$ 5704.2 Million
CAGR %9.9%
Historic Period2016-2021
Forecast Period2023-2032
Base Year2022
Segments CoveredSource, Form, End Use, and Region
Key CompaniesW Hydrocolloids, Inc., KIMICA Corporation, DuPont de Nemours, Inc., Gelymar S.A., CP Kelco, ALGAIA, Compañía Española de Algas Marinas, S.A., Cargill, Incorporated, ARTHUR BRANWELL & CO., and AGARMEX among others.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

There are a few key drivers of the seaweed derivatives market. The first is the increasing demand for seaweed-based products, due to the health benefits associated with seaweed consumption. This has led to an increase in the production of seaweed-based products, which in turn has driven up the demand for seaweed derivatives.

Another key driver of the seaweed derivatives market is the rising awareness of the environmental benefits of seaweed cultivation. Seaweed cultivation requires no fresh water or arable land, and can help to mitigate the effects of climate change. This has led to an increase in investment in seaweed cultivation, and has resulted in more seaweed being available for use as a raw material for derivatives.

Finally, the increasing popularity of sushi and other Japanese cuisine has led to a greater demand for seaweed derivatives in the West. This is due to the fact that seaweed is a key ingredient in sushi rolls, and is also used to wrap other Japanese dishes.

Market Restraints and Challenges

The main restraints and challenges in the seaweed derivatives market are the lack of awareness about the potential applications of seaweed derivatives and the limited availability of raw materials. Other challenges include the high cost of processing and the lack of standardization.

Lack of awareness about the potential applications of seaweed derivatives is a major challenge faced by the market. Seaweed derivatives have a wide range of applications in food, cosmetics, and pharmaceuticals. However, most people are not aware of these applications. This lack of awareness is a major barrier to the growth of the seaweed derivatives market.

Limited availability of raw materials is another challenge faced by the seaweed derivatives market. Seaweed derivatives are derived from seaweed, which is a type of algae. There are more than 10,000 species of seaweed, but only a limited number of these species can be used to produce derivatives. This limited availability of raw materials is a major challenge for the growth of the seaweed derivatives market.

High cost of processing is another challenge faced by the seaweed derivatives market. Seaweed derivatives are derived from seaweed, which is a type of algae. The processing of seaweed to extract derivatives is a complex and expensive process. This high cost of processing is a major challenge for the growth of the seaweed derivatives market.

Lack of standardization is another challenge faced by the seaweed derivatives market. There is no standard definition for seaweed derivatives. This lack of standardization makes it difficult to compare and contrast different products in the market. This lack of standardization is a major challenge for the growth of the seaweed derivatives market.

Global Seaweed Derivatives Market Segmental Overview

The global seaweed derivatives market is segmented into source, form, end use, and region.

Global Seaweed Derivatives Market by Source

Based on source, it is segmented into red seaweed, brown seaweed, and green seaweed. The red seaweed segment is anticipated to dominate the market during the forecast period. Similarly, the brown seaweed market is anticipated to witness the fastest growth during the forecast period.

Global Seaweed Derivatives Market by Form

Based on form, it is segmented into liquid, powder, and flakes. The liquid segment is anticipated to dominate the market during the forecast period. Similarly, the powder segment is anticipated to witness the fastest growth during the forecast period.

Global Seaweed Derivatives Market by End Use

Based on end use, it is segmented into food & beverages, agricultural products, animal feed additives, pharmaceuticals, and others. The food & beverages segment is anticipated to dominate the market during the forecast period. Similarly, the agricultural products segment is anticipated to witness the fastest growth during the forecast period.

Geographical Analysis of the Global Seaweed Derivatives Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to witness the fastest growth during the forecast period.

Major Players in the Global Seaweed Derivatives Market

The key players studied in the report are W Hydrocolloids, Inc.KIMICA CorporationDuPont de Nemours, Inc.Gelymar S.A.CP KelcoALGAIACompañía Española de Algas Marinas, S.A.Cargill, IncorporatedARTHUR BRANWELL & CO., and AGARMEX among others.

COVID-19 Impact

A COVID-19 outbreak started in Wuhan (China) in December 2019, and since then it has rapidly spread throughout the world. In terms of confirmed cases and reported fatalities as of March 2020, the US, India, Spain, Russia, China, Italy, France, and Germany are among the nations that have been most severely impacted. The most recent WHO statistics, which were published on May 25, 2020, show that there are 342 070 total deaths worldwide and 5 307 298 confirmed cases. Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on the economies and industries of many different nations. China is renowned as a centre for production on a worldwide scale and the biggest provider of raw materials to numerous sectors.

Recent Developments
  • March 2020, Fazenda Futuro, a Brazilian plant-based company launched vegan sausages made with seaweed skin. The product is free from artificial colors, flavors and GMO, blended with pea, soy, and chickpea protein. The seaweed skin coat is added to the sausages to emulate the crispiness of pork sausages.
  • September 2016, Algaia, a French firm acquired Cargill’s alginate production plant in Northern France to strengthen and expand its seaweed extracts production capacity.
Frequently Asked Questions

Q1. How big is the Seaweed Derivatives market?

Ans. The global Seaweed Derivatives market size was USD 2210.4 million in 2022 and it is anticipated to grow further till USD 5704.2 million by 2032, at a CAGR of 9.9% from 2023 to 2032.

Q2. What is the Seaweed Derivatives market growth rate?

Ans. The growth rate of the Seaweed Derivatives market is 9.9%.

Q3. Which region holds a major market share for the Seaweed Derivatives market?

Ans. North America holds a major market share of the Seaweed Derivatives market in 2022.

Q4. Which segment accounted for the largest Seaweed Derivatives market share?

Ans. By end use, food & beverages segment accounted for the largest Seaweed Derivatives market share.

Q5. Who are the key players in the Seaweed Derivatives market?

Ans. The global Seaweed Derivatives market report includes players such as W Hydrocolloids, Inc.KIMICA CorporationDuPont de Nemours, Inc.Gelymar S.A.CP KelcoALGAIACompañía Española de Algas Marinas, S.A.Cargill, IncorporatedARTHUR BRANWELL & CO., and AGARMEX among others.

Q6. What are the factors driving the Seaweed Derivatives market growth?

Ans. The major factors driving the growth of the market are the growing market in emerging countries.

Q7. What are the key growth strategies of Seaweed Derivatives market players?

Ans. The key growth strategies of Seaweed Derivatives market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Seaweed Derivatives market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Seaweed Derivatives market during the forecast period.

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Seaweed Derivatives Market Outlook
3.1. Seaweed Derivatives Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Seaweed Derivatives Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Seaweed Derivatives Market
4.3. Economic Impact Analysis

Chapter 5. Seaweed Derivatives Market by Source
5.1. Market Overview
5.2. Red Seaweed
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Brown Seaweed
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Green Seaweed
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Seaweed Derivatives Market by Form
6.1. Market Overview
6.2. Liquid
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Powder
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Flakes
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Seaweed Derivatives Market by End-Use
7.1. Market Overview
7.2. Food and Beverages
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Agricultural Products
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Animal Feed Additives
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.5. Pharmaceuticals
7.5.1. Market Size and Forecast, 2021-2031 ($Million)
7.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.6. Others
7.6.1. Market Size and Forecast, 2021-2031 ($Million)
7.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Seaweed Derivatives Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.3. North America Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.2.4. North America Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.2.5. North America Seaweed Derivatives Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.6.2. The U.S. Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.2.6.3. The U.S. Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.7.2. Canada Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.2.7.3. Canada Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.8.2. Mexico Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.2.8.3. Mexico Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.3. Europe Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.3.4. Europe Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.5. Europe Seaweed Derivatives Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.6.2. Germany Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.3.6.3. Germany Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.7.2. France Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.3.7.3. France Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.8.2. U.K. Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.3.8.3. U.K. Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.9.2. Spain Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.3.9.3. Spain Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.10.2. Italy Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.3.10.3. Italy Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Seaweed Derivatives Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.4.4. Asia-Pacific Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.5. Asia-Pacific Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.6.2. China Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.4.6.3. China Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.7.2. India Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.4.7.3. India Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.8.2. Japan Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.4.8.3. Japan Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.9.2. South Korea Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.4.9.3. South Korea Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.3. Rest of the World Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.5.4. Rest of the World Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5.5. Rest of the World Seaweed Derivatives Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.6.2. Latin America Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.5.6.3. Latin America Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.7.2. Middle East Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.5.7.3. Middle East Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Seaweed Derivatives Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.8.2. Africa Seaweed Derivatives Market Size and Forecast by Form, 2021-2031, ($Million)
8.5.8.3. Africa Seaweed Derivatives Market Size and Forecast by End-Use, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. W Hydrocolloids, Inc.
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. KIMICA Corporation
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. DuPont de Nemours, Inc.
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Gelymar S.A.
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. CP Kelco
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. ALGAIA
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Compañía Española de Algas Marinas, S.A.
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Cargill, Incorporated
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. ARTHUR BRANWELL & CO
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. AGARMEX
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report
Market Segmentation

By Source

  • Red Seaweed
  • Brown Seaweed
  • Green Seaweed

By Form

  • Liquid
  • Powder
  • Flakes

 By End-Use

  • Food and Beverages
  • Agricultural Products
  • Animal Feed Additives
  • Pharmaceuticals
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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