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Commercial Seaweeds - Global Market Trajectory & Analytics

  • ID: 4804217
  • Report
  • April 2021
  • Region: Global
  • 383 Pages
  • Global Industry Analysts, Inc
Global Commercial Seaweeds Market to Reach $24 Billion by 2027

Amid the COVID-19 crisis, the global market for Commercial Seaweeds estimated at US$14.8 Billion in the year 2020, is projected to reach a revised size of US$24 Billion by 2027, growing at a CAGR of 7.1% over the analysis period 2020-2027. Red, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$13.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Brown segment is readjusted to a revised 7.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 10.8% CAGR

The Commercial Seaweeds market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2027 trailing a CAGR of 10.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Green Segment to Record 6% CAGR

In the global Green segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$552.9 Million in the year 2020 will reach a projected size of US$803.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2027, while Latin America will expand at a 7.2% CAGR through the analysis period.

Select Competitors (Total 47 Featured):
  • Acadian Seaplants Limited
  • Algaia
  • Biostadt India Limited
  • Brandt
  • Cargill, Inc.
  • Chase Organics (GB) Ltd.
  • Compo GmbH
  • CP Kelco
  • DowDuPont, Inc.
  • Gelymar
  • Indigrow Ltd.
  • Leili Agrochemistry Co., Ltd.
  • Qingdao Seawin Biotech Group Co., Ltd.
  • Roullier Group
  • Seasol International Pty. Ltd.
  • The Cornish Seaweed Company Ltd
  • West Coast Marine Bio-Processing, Corp.
Frequently Asked Questions about the Global Market for Commercial Seaweeds

What is the estimated value of the Global Market for Commercial Seaweeds?

The Global Market for Commercial Seaweeds was estimated to be valued at $14.8 Billion in 2020.

What is the growth rate of the Global Market for Commercial Seaweeds?

The growth rate of the Global Market for Commercial Seaweeds is 7.2%, with an estimated value of $24.0 Billion by 2027.

What is the forecasted size of the Global Market for Commercial Seaweeds?

The Global Market for Commercial Seaweeds is estimated to be worth $24.0 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • Commercial Seaweed Market in Middle East and Africa
  • Commercial Seaweed Market in Asia Pacific
  • Commercial Seaweed Market in Europe
  • Commercial Seaweed Market in North America
  • A Prelude to Commercial Seaweeds
  • Commercial Seaweeds: An Introduction
  • Asia Pacific Projecting Highest Market Share
  • Commercial Seaweed Size and Share
  • Brown Seaweed Type Market Growth


  • Total Companies Profiled: 47
Note: Product cover images may vary from those shown