Seaweed Protein Market

Analysis from GMI Research finds that the Seaweed Protein Market earned revenues of USD 498 million in 2022 and estimated to touch USD 1,343 million in 2030 will grow at a CAGR of 13.2% from 2023-2030.

Seaweed Protein Market Overview

Seaweeds are a group of photosynthetic non-flowering plant-like organisms (called macroalgae) that live in the sea. They belong to three major groups based on their dominant pigmentation: red (Rhodophyta), brown (Phaeophyta) and green (Chlorophyta).

To have an edge over the competition by knowing the market dynamics and current trends of “Seaweed Protein Market”, request for Sample Report here

Major Seaweed Protein Market Drivers

Increasing consumer awareness regarding the health benefits of seaweed-based protein products is one of the key factors which is likely to drive the overall growth of the market. Red seaweeds, such as dulse, are high in protein. In addition to their usage as a protein source, the Teagasc scientists have discovered that some of these seaweed proteins in 2013, after which the adoption of seaweeds protein took time, but later adoption has helped in the expansion of the market. Health advantages ahead of those of basic human nutrition — for use in functional foods. Seaweeds are a resource of bioactive peptides, which can decrease high blood pressure and avoid cardiovascular diseases. Furthermore, increasing production of seaweed aquaculture across the globe is another driving factor for the seaweed protein market. For instance, according to FAO, India’s production was 25000 tons in 2020 and is expected to reach 1120000 tons by the end of 2025, which is likely to have a major impact in the expansion of the overall market growth. Seaweed prices have been steady over the last decade, hovering about $250 per metric ton with some downward pressure on prices of temperate species due to increased production in China, leading to accelerated growth of the market.

Restraint in the Seaweed Protein Market

However, digestion problems in the protein seaweed proteins, is a major factor which is likely to hamper the overall growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Source – Segment Analysis

Based on the source, the green type is anticipated to grow at a higher CAGR in the market over the forecast period. This is due to the rising uses of green seaweeds in nutrition and food sector, which has accelerated the growth of the market. In addition, various types of green seaweed is used in the food production like Enteromorpha sp, va pertusa, etc. which is consumed in Japan and China.

Application – Segment Analysis

Based on the application, the food segment is witnessed to grow at a higher CAGR in the market over the forecast period. Seaweeds, for example, P. tenera (nori) is generally utilized as a sushi wrap in several Asian countries. Several varieties of seaweed are especially high-level in the amino acids like aspartic acid and glutamic acid, which present a distinctive and exciting flavor that has led to the breakthrough of the taste sensation referred to as ‘umami’, which is adopted majorly adopted in the countries like China, Japan etc.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the regional coverage, Asia-Pacific is witnessed to grow at a higher CAGR in the market over the forecast period. Asia holds a major pie of the total production of seaweed aquaculture production, which is more than 90% as stated by the “Department of Fisheries Ministry of Fisheries, Animal Husbandry & Dairying Government of India”, which shows the major potential of the overall market. In addition, due to the strong presence of the key players in the market, like   Cargill, Incorporated, Qingdao Seawin Biotech Group Co. Ltd, Qingdao Gather Great Ocean Algae Industry Group, etc. which has helped in changing the landscape of the market in the region.

Top Market Players

Various notable players operating in the market, include, CP Kelco U.S., Inc., Acadian Seaplants, Qingdao Gather Great Ocean Algae Industry Group, Qingdao Seawin Biotech Group Co. Ltd., The Seaweed Company, Algea, Seasol, Gelymar, Algaia , Cargill, Incorporated, among others. 

Key Developments:

• • In 2020, CP Kelco and Biesterfeld, announced that they have expanded their strategic partnership in the nutrition and food sector, in Europe, which has also helped in upgrading the product portfolio of the company.
  • in 2019, Algaia announced the launch of novel seaweed solutions, which has helped in strengthening the hold on the food and nutrition sector, leading to the expansion of the seaweed market.

Segments covered in the Report:

The global seaweed protein market has been segmented on the basis of source, extraction process, application, and regions. Based on source, the market is segmented into red, brown, and green. Based on application, the market is segmented into food, animal feed & additives, personal care & cosmetics, and others. 

For detailed scope of the “Seaweed Protein Market” report request a Sample Copy of the report

Market Segmentation

Global Seaweed Protein Market by Source

• • Red
  • Brown
  • Green

Global Seaweed Protein Market by Application

• • Food
  • Animal Feed & Additives
  • Personal Care & Cosmetics
  • Others

Global Seaweed Protein Market by Region

• • North America Seaweed Protein Market (Option 1: As a part of the free 25% customization)

    • By Source
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Seaweed Protein Market (Option 2: As a part of the free 25% customization)

    • By Source
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Seaweed Protein Market (Option 3: As a part of the free 25% customization)

    • By Source
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Seaweed Protein Market (Option 4: As a part of the free 25% customization)

    • By Source
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Seaweed Protein (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • CP Kelco U.S., Inc.
  • Acadian Seaplants
  • Qingdao Gather Great Ocean Algae Industry Group
  • Qingdao Seawin Biotech Group Co. Ltd.
  • The Seaweed Company
  • Algea
  • Seasol
  • Gelymar
  • Algaia
  • Cargill, Incorporated