Global Commercial Seaweeds Market to 2023 - Functional Properties of Edible Seaweeds Open Up New Prospect for the Food Processing Industry
DUBLIN, Nov 1, 2018 /PRNewswire/ --
The "Commercial Seaweeds Market by Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes), Application (Food, Feed, Agriculture), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The commercial seaweeds market is estimated to account for USD 14.08 billion in 2018. It is projected to reach USD 21.11 billion by 2023, at a CAGR of 8.4%, in terms of value.
The commercial seaweeds market is projected to witness a significant growth attributed to the functional properties of edible seaweeds that widen new prospects for the food processing industry and the application of seaweeds and seaweed extracts, such as agar, carrageen, and alginate. These are increasingly used as gelling, binding, and thickening agents in the food, textile, and other manufacturing industries.
The food segment is projected to dominate the commercial seaweeds market throughout the forecast period. Dairy products in the food sub-segment are projected to lead in the commercial seaweeds market over the forecast period. Seaweed extracts such as agar, carrageenan, and alginate find applications in the dairy industry. These extracts are used as thickening and gelling agents in products such as cheese, creams, desserts, ice creams, dairy powder, and dairy drinks.
The red seaweeds segment in the commercial seaweeds market is estimated to dominate in terms of volume in 2018. These seaweeds are mainly consumed directly in countries such as China, Japan, South Korea, and Indonesia. They are also used in the preparation of foods such as soups, salads, and sushi. These seaweeds also find application in other industries such as pharmaceutical and cosmetics, due to high vitamin, mineral, and antioxidant content. On account of these factors, the growth of the red seaweeds segment is projected to remain positive.
The liquid form of seaweeds is projected to grow at the highest CAGR between 2018 and 2023. The liquid form of seaweeds finds application in the food, cosmetics, agriculture, and pharmaceuticals industries. They are increasingly used in the agriculture sector as fertilizers and soil conditioners due to their ease of application, which is projected to drive the growth of the liquid segment.
The seaweeds cultivated through aquaculture dominates the mode of harvesting segment throughout the forecasted period. The cultivation of aquaculture seaweeds does not require large setups and causes minimum harm to fishery resources and seabed. In the developing countries, this method acts as a sustainable activity, which also provides an alternative source of livelihood for the small-scale fishing community. These factors are projected to drive the growth of the aquaculture segment.
The Asia Pacific market is estimated to account for the largest share in 2018. This is primarily attributed to factors such as large-scale production and domestic consumption of edible seaweeds in the region, which is fueled by the processed food industry. In addition, the expansion of the commercial seaweed market in the Asian countries such as China, Indonesia, South Korea, and the Philippines is attributed to factors such as availability of the raw materials, favorable climatic conditions for the production of seaweeds, and availability of cheap labor.
The market in North America is projected to grow at the highest CAGR during the forecast period, due to increasing awareness about the nutritive value of seaweeds, growing investments in R&D activities, and rising consumption of seaweeds in a wide range of industrial applications.
The commercial seaweeds market growth is also attributed to the strategies adopted by the leading companies. This report provides a qualitative analysis of the prominent market players and their preferred development strategies. Key players such as such DowDuPont (US), Cargill (US), Roullier Group (France), COMPO EXPERT (Germany), Biostadt India (India), CP Kelco (US), BRANDT (US), Acadian Seaplants (Canada), Gelymar (Chile), Seasol international (Australia), Algea (Norway), Algaia (France), CEAMSA (Spain), and Seawin biotech (China) were profiled in the report.
These leading players have adopted strategies such as expansions & investments, acquisitions, new product launches, and partnerships & agreements to explore new and untapped markets, expand in local areas of emerging markets, and expand the customer base for long-term client relationships. This has not only encouraged the key players to expand their geographical reach but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.
Small-scale players have also adopted these strategies to expand their businesses globally by investing in the establishment of manufacturing facilities and technical service centers in various regions. This inorganic growth strategy enables them to improve their technical expertise through intensive R&D infrastructure, which is mainly offered by leading players.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Volume Unit Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Commercial Seaweeds Market
4.2 Commercial Seaweeds Market, By Key Country
4.3 Asia Pacific: Commercial Seaweeds Market, By Application & Key Country
4.4 Commercial Seaweeds Market, By Type & Region
4.5 Commercial Seaweeds Market, By Form & Region
4.6 Commercial Seaweeds Market, By Method of Harvesting
5 Market Overview
5.1 Introduction
5.2 Commercial Seaweeds Market Dynamics
5.2.1 Drivers
5.2.1.1 Functional Properties of Edible Seaweeds Open Up New Prospect for the Food Processing Industry
5.2.1.2 Increase in Seaweed Harvesting to Cater to the Growing Demand for Seaweeds & Seaweed-Based Products
5.2.1.3 Seaweed Farming - An Alternative Livelihood Boosted By Economic Opportunities and Rising Global Demand
5.2.1.4 Increasing Applications of Commercial Seaweeds
5.2.2 Restraints
5.2.2.1 Excessive Use of Seaweed Products
5.2.3 Opportunities
5.2.3.1 Increase in Technological Development to Cultivate Seaweed Would Reduce Labor Engagement
5.2.3.2 Seaweed-Emerging as A Snack
5.2.4 Challenges
5.2.4.1 Lack in Financial Support and Government Engagement and Improper Marine Spatial Plans
5.2.4.2 Occurrence of Natural Calamities Resulting in A Decline in the Production of Seaweeds
5.3 Value Chain
5.4 Trade Data
5.4.1 Major Commercial Seaweed Importing Countries
5.4.2 Major Commercial Seaweed Exporting Countries
6 Commercial Seaweeds Market, By Type
6.1 Introduction
6.2 Red Seaweeds
6.2.1 Red Seaweeds are Largely Used in Various Food Products Such as Soups, Salads, Snacks, and Sushi
6.3 Brown Seaweeds
6.3.1 Brown Seaweeds are Highly Used in the Production of High-Grade Alginates
6.4 Green Seaweeds
6.4.1 Emerging Uses of Green Seaweed in Other Application Areas Such as Biofuel Production and Wastewater Treatment is Expected to Drive the Market Growth
7 Commercial Seaweeds Market, By Method of Harvesting
7.1 Introduction
7.2 Aquaculture
7.2.1 Rise in Demand as A Raw Material for the Hydrocolloid Industry, Such as Carrageenan, Agar-Agar, and Alginates, is Expected to Drive the Growth of Aquaculture Seaweeds
7.3 Wild Harvesting
7.3.1 Growth of Wild Harvesting Seaweeds is Declining, as These Seaweeds are Susceptible to Easy Contamination By Heavy Metals Such as Mercury and Arsenic, Which are Harmful for Human Consumption
8 Commercial Seaweeds Market, By Form
8.1 Introduction
8.2 Liquid
8.2.1 Liquid Segment Dominates the Commercial Seaweeds Market Due to Their Varied Applications in Agriculture, Pharmaceuticals, Cosmetics, Animal Feed, and Others
8.3 Powder
8.3.1 Use of the Powdered Form of Seaweeds is Projected to Grow Due to Presence of Vitamin B12 and Vitamin E, Making Them Suitable for Cosmetic Products
8.4 Flakes
8.4.1 Increase in Usage as A Seasoning Agents is Expected to Drive the Segment
9 Commercial Seaweeds Market, By Application
9.1 Introduction
9.2 Food
9.2.1 Increasing Industrial Application of Seaweeds Extract Such as Agar, Carrageenan and Alginate in Processed Food is Driving the Market
9.2.2 Dairy Products
9.2.3 Meat & Poultry Products
9.2.4 Bakery Products
9.2.5 Confectionery Products
9.2.6 Others
9.3 Feed
9.3.1 Seaweeds are Significantly Used as Source of Feed Due Their High Protein Content
9.4 Agriculture
9.4.1 Presence of Hormone Such as Auxins & Gibberellins in Seaweeds is Driving the Market for Seaweeds as Agricultural Fertilizers
9.5 Others
9.5.1 Increasing Usage of Seaweeds in Cosmetics, Pharmaceuticals and Bio-Fuel Due to High Nutrient Content is Expected to Drive the Market
10 Commercial Seaweeds Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Easy Availability of Raw Materials, Increase in Use of Organic Products, and Growth in the Aquaculture Industry are Propelling the Market for Commercial Seaweeds in China
10.2.2 Indonesia
10.2.2.1 Increase in Usage of Seaweeds as Direct Food Products, and Use of Eucheuma Cottonii Or Gracilaria Into Various Food Products Such as Beverages, Noodles, Cookies, Crackers, and Sweets, Among Others are Expected to Drive the Market
10.2.3 Philippines
10.2.3.1 Multiple Usage of Seaweeds is Expected to Drive the Growth
10.2.4 South Korea
10.2.4.1 South Korea is the The Second-Fastest-Growing Country-Level Market for Commercial Seaweeds in the Asia Pacific Region
10.2.5 Japan
10.2.5.1 Seaweeds are A Traditional Food Product in Japan, is Expected to Augment the Market Growth and Demand
10.2.6 Rest of Asia Pacific
10.3 North America
10.3.1 US
10.3.1.1 Seaweeds are Largely Used in Dairy Products, Which Drives the Demand for Commercial Seaweeds in Us
10.3.2 Canada
10.3.2.1 Seaweeds in Canada are Largely Used as Biostimulant Extracts for Crops as Well as Feed Supplements
10.3.3 Mexico
10.3.3.1 The Demand for Carrageenan in Mexico is Increasing Due to Its Usage in Bakery, Dairy, and Confectionery Segments is Expected to Drive the Growth of Commercial Seaweeds Market
10.4 Europe
10.4.1 France
10.4.1.1 The Use of Seaweeds in the Processed Food Segment and Confectionery Segment Fueled the Growth of the Commercial Seaweeds Market in France
10.4.2 Ireland
10.4.2.1 Ireland Accounted for the Second-Largest Market Size in the Commercial Seaweeds Market in Europe
10.4.3 Norway
10.4.3.1 Growing Industrial & Human Food Application of Seaweeds Drive the Growth of the Commercial Seaweeds Market in Norway
10.4.4 Spain
10.4.4.1 The Trend of Consuming Seaweed as Vegetables is Growing Rapidly in Spain
10.4.5 Rest of Europe
10.5 Rest of the World (RoW)
10.5.1 Brazil
10.5.1.1 Brazil Dominates the Commercial Seaweeds Market in RoW Region
10.5.2 Argentina
10.5.2.1 The R&D for New Cultivation Techniques and Demand for Seaweeds for the Production of Hydrocolloids is Driving the Market in Argentina
10.5.3 South Africa
10.5.3.1 Seaweeds are Widely Used in Generating Biomass for Biofuel Production in South Africa
10.5.4 Others in RoW
11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.3 Market Share Analysis
11.4 Expansions & Investments
11.5 Acquisitions
11.6 New Product Launches
11.7 Partnerships & Agreements
12 Company Profiles
12.1 DowDuPont
12.2 Cargill
12.3 Roullier Group
12.4 COMPO EXPERT
12.5 Biostadt India
12.6 CP Kelco
12.7 BRANDT
12.8 Acadian Seaplants
12.9 Gelymar
12.10 Seasol International
12.11 Algea
12.12 Algaia
12.13 CEAMSA
12.14 Seawin Biotech
For more information about this report visit https://www.researchandmarkets.com/research/4qclxh/global_commercial?w=5
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