Global Commercial Seaweed Market to Reach USD 19 Billion by 2030, Driven by Rising Demand for Sustainable, Plant-Based Solutions

Global Commercial Seaweed Market to Reach USD 19 Billion by 2030, Driven by Rising Demand for Sustainable, Plant-Based Solutions

 

According to Next Move Strategy Consulting, the global Commercial Seaweed Market is forecast to grow to USD 19 billion by 2030, at a compound annual growth rate (CAGR) of 7% during the forecast period from 2024 to 2030. This robust growth is driven by increasing demand for seaweed in a wide array of industries, including food and beverage, cosmetics, pharmaceuticals, agriculture, and animal feed. Commercial seaweed is recognized for its versatility, sustainability, and nutritional benefits, making it a key resource for industries looking for plant-based, environmentally friendly alternatives.

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What is Commercial Seaweed?
Commercial seaweed refers to a range of seaweed species that are cultivated and harvested for industrial use. It is processed to extract valuable bioactive compounds that can be used in the production of a variety of products. Seaweed is a rich source of nutrients, including omega-3 fatty acids, fiber, antioxidants, and essential minerals, making it an increasingly popular ingredient in food, health, and beauty products. In addition, seaweed cultivation is considered highly sustainable as it does not require freshwater, fertilizers, or arable land, contributing to its rising popularity in environmentally conscious markets.

Market Dynamics and Trends
The growing global demand for commercial seaweed in the food industry is one of the major drivers behind the market’s expansion. Seaweed is a rich source of fiber and prebiotics, which aid digestion and support a healthy gut microbiome. Additionally, its high content of omega-3 fatty acids and antioxidants is being recognized for its cognitive health benefits. As consumers increasingly prioritize gut health and brain function, the demand for seaweed-based products in food and dietary supplements is expected to grow substantially.

In the cosmetics industry, seaweed is valued for its emollient and skin-conditioning properties, particularly fucoxanthin, a bioactive compound extracted from brown seaweed. This natural ingredient aligns with the rising consumer preference for plant-based, sustainable beauty solutions, and is increasingly used in skincare products aimed at promoting healthy, radiant skin.

Another trend propelling market growth is the rising demand for plant-based and vegan products. As health consciousness, environmental concerns, and ethical considerations continue to drive consumer behavior, seaweed’s role as a key plant-based ingredient in a variety of products—ranging from food and beverages to cosmetics—is becoming more prominent.

However, challenges remain, such as the regulatory hurdles related to environmental impact, food safety, and aquaculture practices in seaweed farming. Non-compliance with these regulations could limit the growth potential of the commercial seaweed market.

On the flip side, the introduction of advanced seaweed farming techniques such as offshore farming and integrated multi-trophic aquaculture is expected to improve the efficiency, scalability, and sustainability of seaweed production. These innovations not only maximize resource utilization but also reduce the ecological footprint of seaweed farming, offering significant opportunities for market growth.

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Market Segmentation
The commercial seaweed market is segmented by product type, form, end-user, and region:

  • By Product Type: Brown Seaweed, Red Seaweed, Green Seaweed
  • By Form: Leaf, Powdered, Flakes
  • By End-User: Agriculture, Food & Beverage, Animal Feed, Cosmetics, Pharmaceuticals, Human Consumption
  • By Region: North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Geographical Insights
Asia-Pacific is the dominant region in the commercial seaweed market and is expected to continue its leadership throughout the forecast period. The region’s strong food service sector, particularly in countries like China and India, is increasingly adopting seaweed for the production of plant-based food products. As more consumers turn to vegan and sustainable alternatives, the demand for seaweed in the food and beverage industry continues to grow.

For example, Nestlé India’s recent launch of plant-based protein products underscores the rising demand for alternative protein sources in the region. Similarly, in collaboration with companies like Cargill, Buhler Group, and Givaudan, Asia-Pacific is witnessing an influx of innovation in plant-based protein, with seaweed emerging as a key ingredient for new flavors and fragrances.

North America is also experiencing steady growth in the commercial seaweed market. The rising demand for healthy, sustainable, and plant-based food products, particularly in the U.S. and Canada, is contributing to this trend. The U.S. government has even initiated programs to promote the sustainable cultivation of macro-algae, further fueling the demand for seaweed-based products. Additionally, the U.S. Department of Energy’s Algae Prize competition, which fosters innovation in algae-based bioenergy technologies, aligns with the commercial seaweed industry’s drive for sustainability and technological advancement.

Competitive Landscape
The commercial seaweed market is highly competitive, with several key players adopting strategies such as product launches, collaborations, and expansions to maintain their market positions. Notable players in the market include Acadian Seaplants, Cargill Inc., CP Kelco, Cascadia Seaweed, Mara Seaweed, Roullier Group, Seasol International Pty. Ltd, Chase Organics GB, Dupont De Nemours and Company, and Ocean Harvest Seaweed.

For instance, Cascadia Seaweed, in collaboration with Refeed Canada, launched a new liquid plant-based food product made from seaweed extract in 2023. This product not only supports commercial growth but also promotes environmental benefits as a biostimulant. Similarly, Acadian Seaplants launched the red algae variant Chondracanthus chamissoi to meet the growing demand for diverse seaweed applications in food, nutraceuticals, and cosmetics.

Conclusion
The commercial seaweed market is poised for significant growth, fueled by rising consumer demand for sustainable, plant-based, and health-promoting ingredients across various industries. Innovations in seaweed farming, regulatory advancements, and the continued rise of vegan and plant-based products offer promising opportunities for the market. As Asia-Pacific continues to dominate, North America and Europe are also emerging as key players in the global seaweed industry, with strong growth potential driven by evolving consumer preferences for healthier, more eco-friendly products.

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