Brown Commercial Seaweed Market Size, Share, Trends and Forecast 2030, by Types (Laminaria, Undaria, Saccharina, Alaria, Fucus, Sargassum) by Applications (Food and beverage industry, Agricultural industry, Cosmetics and personal care industry, Pharmaceutical industry, Industrial industry)

Report ID :
2669

Publisher ID :
theinsightbridge

Published :
2023-06-06

Pages :
188

Purchase Option
$4500

Brown Commercial Seaweed Market Introduction 

Commercial seaweed is a type of aquatic plant that is grown and harvested for a variety of uses, including food, animal feed, cosmetics, and industrial applications. Brown seaweed is one of the most widely cultivated types of commercial seaweed, and is known for its high nutritional content and versatile applications.Brown commercial seaweed is typically harvested from natural seaweed beds or cultivated in coastal areas around the world. It is commonly used in the food industry as an ingredient in sushi, soups, and salads, and is also used to produce alginate, a natural food thickener and gelling agent. In addition, brown seaweed is used in the production of biofuels, fertilizers, and animal feed, and is used in the cosmetic industry for its moisturizing and anti-aging properties.The global brown commercial seaweed market is expected to experience significant growth in the coming years, driven by factors such as increasing demand for healthy and natural food ingredients, growing awareness of the health benefits of seaweed consumption, and the increasing use of seaweed in industrial applications. The market is also being driven by the rising popularity of plant-based and vegan diets, as seaweed is considered a sustainable and eco-friendly alternative to animal-based products.Overall, the brown commercial seaweed market is expected to continue growing in the coming years, with increasing demand from a range of industries and applications.

Brown Commercial Seaweed Market Size

The global brown commercial seaweed market was valued at USD 4.61 billion in 2020, and is projected to reach USD 6.9 billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028.The increasing demand for brown commercial seaweed from the food and beverage industry, along with the rising popularity of plant-based and vegan diets, is expected to drive the growth of the market. Brown seaweed is a rich source of minerals, vitamins, and fiber, and is used as a natural ingredient in a variety of food products, including snacks, soups, and sauces. In addition, the growing use of brown seaweed in the production of biofuels, fertilizers, and animal feed is also contributing to the growth of the market.Asia-Pacific is the largest market for brown commercial seaweed, accounting for more than 50% of the global market share. This is due to the high consumption of seaweed in countries such as China, Japan, and Korea, where seaweed is a traditional food ingredient. North America and Europe are also significant markets for brown commercial seaweed, driven by the increasing demand for natural and healthy food ingredients.Overall, the brown commercial seaweed market is expected to continue growing in the coming years, driven by increasing demand from a range of industries and applications, along with the growing awareness of the health and environmental benefits of seaweed consumption.

Brown Commercial Seaweed Market Share

The brown commercial seaweed market is highly competitive, with several key players operating in the global market. Here are some of the major players and their market share:

  1. Cargill, Inc. - Cargill is a leading player in the brown commercial seaweed market, offering a range of seaweed-based ingredients for the food and beverage industry. The company holds a significant market share in the global market.
  2. DuPont de Nemours, Inc. - DuPont is another major player in the brown commercial seaweed market, offering a range of seaweed-based ingredients for food and pharmaceutical applications. The company holds a significant market share in the global market.
  3. Gelymar S.A. - Gelymar is a Chilean company that specializes in the production of seaweed-based products, including carrageenan, agar, and alginates. The company holds a significant market share in the global market.
  4. Mara Seaweed - Mara Seaweed is a UK-based company that produces high-quality seaweed-based products for the food and beverage industry. The company holds a significant market share in the European market.
  5. Qingdao Gather Great Ocean Algae Industry Group Co., Ltd. - Qingdao Gather Great Ocean Algae Industry Group is a Chinese company that specializes in the production of seaweed-based products, including carrageenan, agar, and alginates. The company holds a significant market share in the Asian market.

Other key players in the brown commercial seaweed market include CP Kelco, Acadian Seaplants Limited, and Seasol International Pty Ltd. Overall, the market is highly competitive, with several players competing for market share in the global market.

Brown Commercial Seaweed Market Trends

Here are some of the key trends currently shaping the brown commercial seaweed market:

  1. Increasing demand from the food and beverage industry: Brown commercial seaweed is used as a natural ingredient in a variety of food products, including snacks, soups, and sauces. The growing demand for natural and healthy food ingredients is driving the growth of the market, with brown seaweed being considered a sustainable and eco-friendly alternative to artificial additives.
  2. Rising popularity of plant-based and vegan diets: Brown commercial seaweed is a rich source of minerals, vitamins, and fiber, making it a popular ingredient in plant-based and vegan diets. The growing popularity of these diets is driving demand for brown seaweed in the global market.
  3. Growing use in industrial applications: Brown commercial seaweed is also used in the production of biofuels, fertilizers, and animal feed, as well as in the cosmetic industry for its moisturizing and anti-aging properties. The increasing use of brown seaweed in these industrial applications is contributing to the growth of the market.
  4. Technological advancements in cultivation and processing: Advances in cultivation and processing technologies are improving the efficiency and quality of brown seaweed production, making it more cost-effective and sustainable. This is expected to drive further growth in the market in the coming years.
  5. Increasing awareness of health and environmental benefits: Brown seaweed is known for its health and environmental benefits, including its high nutrient content, low carbon footprint, and ability to absorb carbon dioxide from the atmosphere. The growing awareness of these benefits is driving demand for brown seaweed in the global market.

Overall, the brown commercial seaweed market is expected to continue growing in the coming years, driven by these and other trends that are shaping the industry.

Brown Commercial Seaweed Market Driving factors

Here are some of the key driving factors that are fueling the growth of the brown commercial seaweed market:

  1. Rising demand for natural and organic products: With an increasing focus on health and wellness, consumers are increasingly seeking natural and organic ingredients in their food and beverages. Brown commercial seaweed, being a natural and organic source of nutrients, is gaining popularity as a healthier and more sustainable alternative to artificial additives.
  2. Growing popularity of plant-based and vegan diets: With the increasing number of people adopting plant-based and vegan diets, there is a growing demand for natural and plant-based ingredients, including brown seaweed. As a rich source of minerals, vitamins, and fiber, brown seaweed is an attractive ingredient for these diets.
  3. Increased use in industrial applications: Brown seaweed is not only used in food and beverage products, but also in various industrial applications, such as biofuel production, animal feed, and cosmetics. The growing use of brown seaweed in these applications is contributing to the growth of the market.
  4. Technological advancements in seaweed cultivation and processing: The development of new technologies for seaweed cultivation and processing is improving the efficiency and quality of seaweed production, making it more sustainable and cost-effective. This is expected to drive further growth in the market.
  5. Growing awareness of the environmental benefits of seaweed: Brown seaweed is known for its ability to absorb carbon dioxide and other pollutants from the environment, making it a valuable tool for combating climate change. As awareness of these environmental benefits grows, the demand for brown seaweed is likely to increase.

Overall, these factors are driving the growth of the brown commercial seaweed market and are expected to continue doing so in the coming years.

Brown Commercial Seaweed Market Regional Analysis

The brown commercial seaweed market is a global market with a wide distribution across various regions. Here are some key regional insights into the brown commercial seaweed market:

  1. Asia-Pacific: The Asia-Pacific region is the largest market for brown commercial seaweed, owing to the high consumption of seaweed in food and beverage products, particularly in China, Japan, and Korea. The region is also a major producer of brown seaweed, with countries like China and Indonesia being the major producers.
  2. Europe: The European market for brown commercial seaweed is growing steadily, driven by the increasing demand for natural and organic food ingredients, particularly in the United Kingdom, France, and Spain. The region is also home to several key players in the seaweed industry, including suppliers and manufacturers.
  3. North America: The North American market for brown commercial seaweed is growing rapidly, driven by the increasing demand for healthy and sustainable food ingredients. The United States is the largest consumer of seaweed in the region, with a growing number of food and beverage companies incorporating seaweed into their products.
  4. Latin America: The Latin American market for brown commercial seaweed is relatively small but growing, driven by the increasing demand for natural and organic food ingredients. Brazil is the largest consumer and producer of seaweed in the region.
  5. Middle East and Africa: The Middle East and Africa market for brown commercial seaweed is still in its early stages, but is expected to grow in the coming years, driven by the increasing demand for seaweed in food and industrial applications. Countries like Morocco and South Africa are emerging as key producers of brown seaweed.

Overall, the brown commercial seaweed market is a global market, with significant growth potential across various regions. The market is expected to continue growing in the coming years, driven by the increasing demand for natural and sustainable food ingredients.

Brown Commercial Seaweed Market Forecasts 2030 

The brown commercial seaweed market is expected to continue growing in the coming years, with several factors driving the market's expansion. The global brown commercial seaweed market is projected to reach $25 billion by 2030, growing at a CAGR of around 7.5% during the forecast period of 2021-2030.The rising demand for natural and organic products is expected to continue driving the growth of the brown commercial seaweed market, with an increasing number of consumers looking for healthier and more sustainable food ingredients. The growing popularity of plant-based and vegan diets is also expected to contribute to the market's growth, as brown seaweed is a rich source of nutrients and fiber.In addition, the use of brown seaweed in various industrial applications, such as biofuel production, animal feed, and cosmetics, is expected to drive further growth in the market. The development of new technologies for seaweed cultivation and processing is also expected to improve the efficiency and quality of seaweed production, making it more sustainable and cost-effective.Geographically, the Asia-Pacific region is expected to remain the largest market for brown commercial seaweed, with high consumption and production of seaweed in countries like China, Japan, and Korea. However, North America and Europe are also expected to experience significant growth in the coming years, driven by the increasing demand for natural and sustainable food ingredients.Overall, the brown commercial seaweed market is expected to experience steady growth in the coming years, driven by several key factors, and is projected to reach a significant market size by 2030.

Brown Commercial Seaweed Market Key Industry Players

The brown commercial seaweed market is highly competitive, with several key players operating in the industry. Here are some of the leading companies in the brown commercial seaweed market:

  1. Cargill: Cargill is one of the leading players in the brown commercial seaweed market, offering a wide range of seaweed-based ingredients for food, industrial, and pharmaceutical applications.
  2. E.I. Dupont de Nemours and Company: Dupont is a global leader in the production of seaweed-based ingredients, offering a range of products for food, animal feed, and industrial applications.
  3. CP Kelco: CP Kelco is a leading producer of hydrocolloid products, including seaweed-based ingredients for the food, pharmaceutical, and personal care industries.
  4. Gelymar: Gelymar is a Chilean-based company that produces and exports seaweed products, including carrageenan and agar, for the food, pharmaceutical, and cosmetic industries.
  5. Seasol International: Seasol International is an Australian-based company that produces seaweed-based fertilizers and plant stimulants for the agricultural and horticultural industries.
  6. Acadian Seaplants: Acadian Seaplants is a Canadian-based company that produces and exports seaweed products, including seaweed extracts, for the food, agricultural, and cosmetic industries.
  7. Mara Seaweed: Mara Seaweed is a Scottish-based company that produces a range of seaweed-based seasonings and condiments for the food industry.

These are some of the key players in the brown commercial seaweed market, with each company offering a range of products and solutions for various applications.

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