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Brown Commercial Seaweed Market Share

Report ID: GMI5429
Published Date: Feb 2023
Report Format: PDF

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Brown Commercial Seaweed Market Share

Some of the leading companies involved in the brown commercial seaweed market include

W Hydrocolloids, Inc.
Marcel Carrageenan
CP Kelco
Biostadt India Limited
Algea AS
Mara Seaweed
Pacific Harvest
Acadian Seaplants Ltd.
Aquatic Chemicals
Chase Organics GB Limited
Seaweed Energy Solutions AS
Seasol International
Indigrow Ltd.

These companies are focusing on business developments, facility expansions, and other strategies to strengthen their foothold in the global market.

For instance, in October 2021, Mara Seaweed, a supplier of seaweed seasonings to supermarkets, secured an investment of over USD 698.4 million. This fund was expected to be invested in its factory in Fife, Edinburgh, to help the firm expand its business and explore new markets. Similar initiatives from other players will also assert a positive influence on global market trends.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of brown commercial seaweed crossed USD 16 billion in 2022 and will depict over 8.5% CAGR from 2023 to 2032, given the product’s ability to lower blood sugar levels, among other health benefits.

The dry segment is anticipated to grow at a CAGR of 8% between 2023 and 2032, led by the extensive usage of dry seaweed as an animal feed additive.

The market value for brown commercial seaweed in APAC is poised to exceed USD 25 billion by 2032, considering the growing demand for food additives across the region.

W Hydrocolloids, Inc., Marcel Carrageenan, Algea AS, Mara Seaweed, Pacific Harvest, Aquatic Chemicals, Chase Organics GB Limited, Seaweed Energy Solutions AS, and Indigrow Ltd. are some of the key participants in the industry.