Seaweed Market by Product and Application - Global Opportunity Analysis and Industry Forecast, 2018-2024

  • ID: 4580612
  • Report
  • Region: Global
  • 231 pages
  • Allied Analytics LLP
1 of 4
Seaweed is a plant-like organism, which are adhered to rock or other hard substrata in coastal areas. Based on the pigmentation, seaweeds are categorized into three broad groups, red, brown, and green. Botanists refer to these broad groups as phaeophyceae, rhodophyceae, and chlorophyceae, respectively. Seaweeds are macro-algae that differentiate them from micro-algae, which are microscopic in size, and are often unicellular. Red and brown seaweeds are mostly found in marine water, whereas green seaweeds grow in freshwater. Seaweeds are used in many maritime countries across the globe as a source of human food, hydrocolloids, fertilizers, animal feed additives, and others, including aquaculture, biomass for fuel, and wastewater treatment. The major utilization of these seaweeds as food and food ingredients is in the Asia-Pacific region, particularly in China, Indonesia, Philippines, Korea, and Japan where seaweed cultivation has developed into a huge industry.

Hydrocolloid polysaccharides have significant importance, both technologically and economically, since they are used in the food, pharmaceutical, medicinal, and biotechnological industries, due to their distinct physicochemical properties. Increase in demand for seaweeds in the manufacture of hydrocolloids, such as agar, alginate, and carrageenan, is anticipated to boost the adoption of seaweeds during the forecast period. Moreover, they are applicable in human food, hydrocolloids, fertilizers, animal feed additives, aquaculture, biofuel, and wastewater treatment, which increase their consumption. Untapped markets in North American and European countries are anticipated to open new opportunities for the seaweed manufacturers, thereby driving the market growth. However, volatility in the prices of seaweed due to unstable supply and constant change in weather patterns hamper the market growth.

The seaweed market is segmented based on product, application, and region. Depending on product, the market is fragmented into red, brown, and green seaweed. The applications covered in the study include human food, hydrocolloids, fertilizers, animal feed additives, and others. By Region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players analyzed in this report are Cargill Inc., DuPont, Groupe Roullier, Irish Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), Annie Chun’s Inc., Chase Organics, GimMe Health Foods, Maine Coast Sea Vegetables, and Mara Seaweed.

KEY BENEFITS

This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global seaweed market from 2017 to 2024 to identify the prevailing market opportunities.
The key countries in all the major regions are mapped based on their market share.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry.
Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

KEY MARKET SEGMENTS

By Product

Red
Brown
Green

By Application

Human Food
Hydrocolloids
Fertilizers
Animal Feed Additives
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Denmark
Rest of Europe
Asia-Pacific
China
Indonesia
Philippines
Korea
Japan
Rest of Asia-Pacific
LAMEA
Saudi Arabia
UAE
South Africa
Tanzania
Rest of LAMEA
READ MORE
Note: Product cover images may vary from those shown
2 of 4
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key finding of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.2.3. Top winning strategies, by year, 2015-2017
3.2.4. Top winning strategies, by development, 2015-2017 (%)
3.2.5. Top winning strategies, by company, 2015-2017
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. The rise in demand for seaweeds in the manufacture of hydrocolloids
3.4.1.2. Increasing applications of seaweed
3.4.2. Restraints
3.4.2.1. Volatility in the prices of seaweed
3.4.3. Opportunities
3.4.3.1. Growing application of seaweed in biofuel
3.4.3.1. Untapped market in North America and Europe
3.5. Top player positioning

CHAPTER 4: SEAWEED MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Red Seaweed
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country
4.3. Brown Seaweed
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country
4.4. Green Seaweed
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis by country

CHAPTER 5: SEAWEED MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Human Food
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis by country
5.3. Hydrocolloids
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis by country
5.4. Fertilizers
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis by country
5.5. Animal Feed Additive
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.3. Market analysis by country
5.6. Others
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.6.3. Market analysis by country

CHAPTER 6: SEAWEED MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by product
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by product
6.2.5.2. Market size and forecast, by application
6.2.6. Canada
6.2.6.1. Market size and forecast, by product
6.2.6.2. Market size and forecast, by application
6.2.7. Mexico
6.2.7.1. Market size and forecast, by product
6.2.7.2. Market size and forecast, by application
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by product
6.3.3. Market size and forecast, by application
6.3.4. Market size and forecast, by country
6.3.5. UK
6.3.5.1. Market size and forecast, by product
6.3.5.2. Market size and forecast, by application
6.3.6. Germany
6.3.6.1. Market size and forecast, by product
6.3.6.2. Market size and forecast, by Application
6.3.7. France
6.3.7.1. Market size and forecast, by product
6.3.7.2. Market size and forecast, by application
6.3.8. Italy
6.3.8.1. Market size and forecast, by product
6.3.8.2. Market size and forecast, by application
6.3.9. Spain
6.3.9.1. Market size and forecast, by product
6.3.9.2. Market size and forecast, by application
6.3.10. Denmark
6.3.10.1. Market size and forecast, by product
6.3.10.2. Market size and forecast, by application
6.3.11. Rest of Europe
6.3.11.1. Market size and forecast, by product
6.3.11.2. Market size and forecast, by application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by product
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.5. China
6.4.5.1. Market size and forecast, by product
6.4.5.2. Market size and forecast, by application
6.4.6. Indonesia
6.4.6.1. Market size and forecast, by product
6.4.6.2. Market size and forecast, by application
6.4.7. Philippines
6.4.7.1. Market size and forecast, by product
6.4.7.2. Market size and forecast, by application
6.4.8. Korea
6.4.8.1. Market size and forecast, by product
6.4.8.2. Market size and forecast, by application
6.4.9. Japan
6.4.9.1. Market size and forecast, by product
6.4.9.2. Market size and forecast, by application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast, by product
6.4.10.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by product
6.5.3. Market size and forecast, by application
6.5.4. Market size and forecast, by country
6.5.5. Saudi Arabia
6.5.5.1. Market size and forecast, by product
6.5.5.2. Market size and forecast, by application
6.5.6. UAE
6.5.6.1. Market size and forecast, by product
6.5.6.2. Market size and forecast, by application
6.5.7. South Africa
6.5.7.1. Market size and forecast, by product
6.5.7.2. Market size and forecast, by application
6.5.8. Tanzania
6.5.8.1. Market size and forecast, by product
6.5.8.2. Market size and forecast, by application
6.5.9. Rest of LAMEA
6.5.9.1. Market size and forecast, by product
6.5.9.2. Market size and forecast, by Application

CHAPTER 7: COMPANY PROFILES
7.1. Cargill, Incorporated
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. Chase Organics
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.3. CJ CheilJedang Corp.(Annie Chuns Inc.)
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. DowDuPont Inc.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.5. GimMe Health Foods LLC
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.6. Groupe Roullier
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.7. Irish Seaweeds
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.8. Maine Coast Sea Vegetables, Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.9. Mara Seaweed
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.10. Qingdao Gather Great Ocean Algae Industry Group Co Ltd
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
According to a new report titled, Seaweed Market by Product and Application: Global Opportunity Analysis and Industry Forecast, 20182024 the global seaweed market was valued at $4,097.93 million in 2017, and is projected to reach $9,075.65 million by 2024, registering a CAGR of 12.0% from 2018 to 2024. In 2017, the red seaweed accounted for more than eight-ninths share of the global market, in terms of value.

Seaweed, also called as macro-algae, belongs to several species of macroscopic, multicellular, marine algae. It is classified into three broad groups based on pigmentation, which include red, brown, and green seaweed. The major utilization of these seaweeds as food and food ingredients is in Asia-Pacific, particularly in China, Indonesia, Philippines, Korea, and Japan where seaweed cultivation has developed into a huge industry. Seaweed farming is becoming an increasingly competitive market for food and related products across the globe.

Growing application of seaweed in various end-use industries is anticipated to drive the market growth. The human food segment accounts for the highest market share, owing to increase in utilization of seaweed for human consumption. Substances that are extracted from seaweeds such as hydrocolloids make up most of the remaining market share, while smaller application such as fertilizers, animal feed additives, aquaculture, biomass for fuel, and wastewater treatment make up the rest. Seaweeds are being extensively explored as a fuel, due to their high photosynthetic efficiency and their ability to produce lipids, a biodiesel feedstock which is anticipated to open new avenues for the seaweed manufacturers. Moreover, high untapped market potential in North America and Europe is expected to boost the consumption of seaweed during the forecast period. However, unfavorable climatic conditions and fluctuation in the prices of seaweed hamper the market growth.

Red seaweeds are the largest and most abundant of the seaweeds, and thus hold a dominant position in the global market. Furthermore, they have an economically important role throughout Asia-Pacific, due to the presence of phycocolloids such as carrageenan. The carrageenan produced from seaweed has a variety of applications in food production as a thickener and stabilizer. Thus, higher consumption of red seaweed in the food industry is anticipated to drive the seaweed market growth.

Key findings of the Seaweed Market:

In 2017, Asia-Pacific accounted for the highest market share, growing at a CAGR of 11.4% from 2018 to 2024.
In 2017, human food application segment accounted for the highest market share, and is expected to growth at a significant CAGR of 11.8%.
Red seaweed was the highest contributor in 2017, and is projected to grow at a CAGR of 12.3%.
In 2017, the China accounted for more than one-fifth market share, and is anticipated to grow at a significant CAGR of 11.6%.
North America is anticipated to grow at the highest CAGR of 13.0% from 2018 to 2024.

In terms of value, Asia-Pacific and LAMEA collectively contributed more than half of the market share in the global seaweed market in 2017.

Some of the major players analyzed in this report are Cargill Inc., DuPont, Groupe Roullier, Irish Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), Annie Chuns Inc., Chase Organics, GimMe Health Foods, Maine Coast Sea Vegetables, and Mara Seaweed.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll