Seaweed Extract Market, By Type (Powder, Liquid, Flakes and Others), By Source (Red seaweed, Brown seaweed and Green seaweed), By End-User (Food & Beverage, Healthcare, Cosmetics & Personal care, Agriculture & Horticulture and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI473921 | Publish Date: April 2023 | No. of Pages: 168

Global Seaweed Extract Market Overview

Seaweed is a type of macroalgae that thrives in chilly oceans all over the world. It has been used for millennia all across the world, but it is very popular in Asian cuisine, particularly in Japan, China, and Korea. The seaweed is helpful for mulch in the home garden, but the extract is more favorable to fertility due to the lack of nutrients and other components found on the algae. Dried seaweed is utilized as a fertilizer and soil conditioner, as well as an animal feed ingredient. Seaweed extract is high in minerals and vitamins, which soften, soothe, and reduce irritation while also preserving skin's natural stability. Water extraction, alkaline extraction, ruptured cell suspensions, and cryo-micro-crushing are some of the methods used to extract it. The efficiency of seaweed extract as a plant growth stimulant may be modified by the species and production technique. The global Seaweed Extract market accounted for USD 3272.30 Million in 2020 and is estimated to be USD 6343.41 Million by 2030 and is anticipated to register a CAGR of 7.5%.

Global Seaweed Extract Market Drivers & Restraints

Restraining factors

The market's expansion is hampered by high production costs and restrictive government regulations. The growth of the seaweed extracts business is being hampered by a lack of information among farmers about seaweed extraction.

Growth in business operations by emerging and small sized players

Over the projected period, the seaweed extract market is expected to rise at a quick pace. Due to its good impacts on crop growth and quality, such as increased marketable yield, improved shelf life, strong, healthy growth, and enhanced pest and disease resistance, the market is expected to perform well in the near future. Benefits such as increased root development, more dynamic growth, improved tolerance to environmental stress, and reduced frost damage have been demonstrated by several researchers. Furthermore, the availability of natural active components in seaweed extract that aid in skin regeneration and optimal hydration is the primary factor that will drive seaweed extract market revenue growth in the near future.

Global Seaweed Extract Market Segmentations & Regional Insights

The global Seaweed Extract market is segmented based on type, source, end-user, and region.

On the basis of Type, the global Seaweed Extract market is segmented into Powder, Liquid, Flakes and Others. Based on Source, the target market is segmented into Red seaweed, Brown seaweed and Green seaweed. On the basis of End-user, the target market is segmented into Food & Beverage, Healthcare, Cosmetics & Personal care, Agriculture & Horticulture and Others.

Regional Insights:

On region the global Seaweed Extract market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the seaweed extracts market in the forecast period. This is mainly because of growing demand of seaweed extracts in horticulture and agriculture industries in form of liquid seaweed extracts. Due to rising demand for natural, non-toxic products and increased use of seaweed extract for cosmetic applications in Japan, the market for seaweed extract is predicted to grow at a strong CAGR during the forecast period.

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Type- Powder, Liquid, Flakes and Others.

By Source– Red seaweed, Brown seaweed and Green seaweed

By End-user– Food & Beverage, Healthcare, Cosmetics & Personal care, Agriculture & Horticulture and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global seaweed extract market report based on type, source, end-user, and region.

Global Seaweed Extract Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Global Seaweed Extract Market Competitive Landscape & Key Players

The key players operating in the global Seaweed Extract market includes Shigawake Organics Ltd., Ocean Organics, Mycsa AG, Humate (Tianjin) International Limited, Technaflora Plant Products Ltd, Suboneyo Chemicals & Pharmaceuticals P Limited, AlgAran Seaweed Products, Chase Organics, Tagrow Co. Ltd., Quingdao Nanshan Seaweed Co. Ltd., Aveeno Active Naturals, West Coast Marine Bio-Processing Corp.

Global Seaweed Extract Market Company Profile

  • Shigawake Organics Ltd
  • Ocean Organics
  • Mycsa AG
  • Humate (Tianjin) International Limited
  • Technaflora Plant Products Ltd
  • Suboneyo Chemicals & Pharmaceuticals P Limited
  • AlgAran Seaweed Products
  • Chase Organics
  • Tagrow Co. Ltd
  • Quingdao Nanshan Seaweed Co. Ltd.
  • Aveeno Active Naturals
  • West Coast Marine Bio-Processing Corp.

FAQs

The global seaweed extract market is segmented based on type, source, end-user, and region.

The availability of natural active components in seaweed extract that aid in skin regeneration and optimal hydration is the primary factor that will drive seaweed extract market revenue growth in the near future.

North America dominates the seaweed extracts market in the forecast period. This is mainly because of growing demand of seaweed extracts in horticulture and agriculture industries in form of liquid seaweed extracts.

Various businesses are concentrating on organic growth tactics such as product launches, product approvals, and patents and events.