Constant dollars

Seaweed extract: global markets

New York, April 19, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Seaweed Extract: Global Markets” –
Estimates of the projected and forecast market size are in constant US dollars.

This report covers the technological, economic, and business considerations of the Commercial Marine Algae Market and includes descriptions of market forces relevant to the Commercial Marine Algae industry and application areas.

The report also includes an analysis of the impacts of COVID-19 on the global marine algae market in each application area.

The report also includes discussions of the major players in the global Dried and Processed Seaweed market. It explains the drivers and regional dynamics of the algae market.

The report includes:
– 146 data tables and 40 additional tables
– An overview of the global commercial seaweed market in the food processing industry
– Market size estimation and market trend analyzes, with data from 2019-2020, and projection of compound annual growth rates (CAGR) to 2025
– Details of algae cultivation techniques, algae extract production process, hydrocolloid production and processing, CFD techniques in algae cultivation and wild harvest techniques
– Overview of current consumption and future demand for commercial seaweed, and evaluation of applications such as direct human consumption and hydrocolloid production
– Evaluate market size and forecast for Commercial Seaweed and analyze market share by application, product and region for key market segments and sub-segments
– Country specific data and analysis for UK, France, Germany, Russia, China, Japan, Indonesia, Philippines, Tanzania and Chile etc.
– Detailed description of drivers, challenges and opportunities affecting market growth
– Discussion on the role of socio-economic factors and the impact of FDA regulations on commercial algae, and highlights of the main growth categories of the global marine algae markets
– Comprehensive company profiles of major market players including Acadian Seaplants, Cargill, DuPont de Nemours, Gelymar, Irish Seaweeds, Ocean Rainforest and Ocean Harvest Technology

The global commercial seaweed market was valued at $ DELETED in 2019 and is expected to fall to $ DELETED by 2025 Volume consumption of commercial marine algae is expected to be DELETED in tonnes in 2019 and exceed DELETED tonnes by 2025 .

This growth in consumption can be attributed to a variety of factors including the positioning in the seaweed market as an alternative source of protein, the growing vegan population in Western countries, and the growing popularity of seaweed snacks. The growth is also due to the government’s increased interest in seaweed cultivation for its ability to generate export revenue.

Globally, farmed algae represent more than DELETED% of total algae production. Asia-Pacific leads the farmed seaweed market while Latin America leads wild harvest stocks.

Cultivated seaweed is preferred by end users because there are no issues with traceability and the quality is better.

The most popular type of species includes Japanese kelp, Euchema seaweed, Gracilaria seaweed, wakame and nori.The production of these species depends on factors such as climatic conditions or the type of cultivation methods used. .

Dried seaweed is sold at cheaper prices, ranging from $ DELETED to $ DELETED around the world. The algae are either marketed in raw form or in processed form.

Forms processed include its hydrocolloids like carrageenan, alginates, and agar gum.
Algae are classified into red algae, green algae, brown algae and others. Red algae are consumed most frequently because they are abundantly available and are used in the manufacture of alginates and seaweed extracts.

Global consumption of red algae was DELETED million tonnes in 2019 and is expected to grow at a CAGR of DELETED% during the forecast period. Consumption of red algae is followed by brown algae and green algae, with a consumption of millions of DELETED tonnes and thousands of DELETED tonnes in 2019, respectively.

Consumption of other types of algae was REDACTED in thousands of tonnes in 2019.

In terms of application, commercial seaweed is directly consumed as food or in processed form. Direct food consumption was approximately DELETED% of total demand in 2019.

This demand came from seaweed burgers and other snacks now available in the markets. Processed algae or hydrocolloids represented DELETED% of total demand.

Hydrocolloids are used in food processing as functional agents such as texturing. Other uses include use in animal feed, cosmetics, fertilizers, and water treatments.

Regionally, the Asia-Pacific region dominated the production as well as the consumption of commercial seaweed and accounted for more than DELETED% of total world consumption and total income This growth is mainly driven by China and Japan, in due to the increase in domestic consumption.

Indonesia and the Philippines have also become the main producers of commercial seaweed and exporters to other markets. Governments and relevant authorities in developing countries are placing more emphasis on seaweed cultivation and on improving technologies to generate income from exports.
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