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Commercial Seaweed Market Share

Report ID: GMI1658
Published Date: Jun 2024
Report Format: PDF

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Commercial Seaweed Market Share

Commercial Seaweed Market Company Share, (2023)

Leading commercial seaweed firms are increasing their production capacities to meet the growing demand and expanding geographically through mergers and acquisitions. Along with innovations, these companies are developing new seaweed-based products for the food, nutrition, and personal care industries. Sustainability is also a growing focus, as companies are adopting eco-friendly aquaculture practices to attract eco-conscious customers. Moreover, they are building strong distribution systems to ensure efficient distribution and price control.

Commercial Seaweed Market Companies

Major players operating in the commercial seaweed industry include:

Indigrow Ltd.
CP Kelco
Seasol International
Marcel Carrageenan
Seaweed Energy Solutions AS
W Hydrocolloids, Inc.
BIOSTADT INDIA LIMITED
Algea AS
Chase Organics GB Ltd.
Mara Seaweed
Pacific Harvest
Aquatic Chemicals
Acadian Seaplants Ltd. (ASL)

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of commercial seaweed reached USD 60.5 billion in 2023 and is set to witness 7.8% CAGR between 2024 and 2032, due to increasing demand for seaweeds in food applications and the growing demand for eco-friendly fertilizers.

The dry segment will grow at 7.6% CAGR from 2024 to 2032, as drug therapies are widely prescribed due to their convenience, extended shelf life, and versatility boosting demand in food, feed, cosmetics, and snacks.

APAC market will exceed USD 75.7 billion by 2032, driven by government policies, rising disposable incomes, and demand for seaweed in personal care, biofertilizers, and bio stimulants.

Indigrow Ltd., CP Kelco, Seasol International, Marcel Carrageenan , Seaweed Energy Solutions AS, W Hydrocolloids, Inc., BIOSTADT INDIA LIMITED, Algea AS and Chase Organics GB Ltd., among others.