Seaweed Market 2019 | Comprehensive Research Reports, Emerging Growth Factors, Size, Share and Global Industry Analysis till 2023

Seaweed in dry and granular form can replace some of the flour while producing dry pasta, bread, pizza, snack bars, and others and in meat products, use of seaweed carries health benefits

pune, India - June 10, 2019 /MarketersMedia/ —

Market Definition:
Seaweed in dry and granular form can replace some of the flour while producing dry pasta, bread, pizza, snack bars, and others and in meat products, use of seaweed carries health benefits in form of lower cholesterol level and higher dietary fiber and antioxidants. With growing consumer inclination towards health-enhancing food, seaweed-flavored food and beverages will be in huge demand. Seaweed is a natural salt replacer and possess anti-inflammatory, antioxidant, and antimicrobial properties which not only controls cholesterol & blood pressure but also helps in digestion and weight management. This has enhanced the market growth trajectory of the sector to an elevated level. Seaweed is considered as multi-purpose product which is majorly used for both human and animal nutrition. The multi spectrum application sector of seaweed including its use in manufacturing bio-fuel, biomass, and waste water management has further spurred the product demand.

Market Scenario and Growth Factors:
The different factors that has led to the promising growth of the seaweed market as per Market Research Future (MRFR) report include rising need for seaweeds as edibles, manufacture of hydrocolloids namely carrageenan, alginate and agar, technological advancement in the food industry and widespread use of seaweed in various applications such as wastewater treatment, biofuels, animal feed and fertilizers. But unfortunately, lack of awareness amid manufacturers regarding harvesting different species of seaweed may take a toll on the global seaweed market growth.

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Of the most common seaweed types are the seaweed edibles. Although seaweed salad and seaweed sushi has turned commonplace but this algae of late is also found in baked goods, sauces, dressings and desserts. Seaweed has also created a niche for its anti-inflammatory, anti-aging and moisturizing properties. It is found in toothpastes, shampoos, anti-ageing serum, lotions and facial masks. Besides, the red and brown algae is used for creating Chinese medicine that is used for treating cancer, sore throat, urinary infections, edema, testicular swelling and pain and goiters.

Competitive Dashboard:
Leading players profiled in the seaweed market include Kimica Alginates (Japan), Arthur Branwell & Co., Ltd (U.K.), Polygal Ag (Switzerland), Snap Alginates (India), Ingredients Solutions, Inc. (U.S.), P. L. Thomas and Co., Inc (U.S.), and Cargill Foods (U.S.).

Dec 2018- Nyoman Sudastra for more than 20 years have been farming seaweeds in Indonesia which will now be used for a noble cause of making environmentally friendly bioplastics. This need is extremely pressing in Indonesia being the second largest plastic polluter in the world. Here plastic is contaminating just everything which is inclusive of drinks and foods too. This is a major problem so everyone should be engaged here including the end customers, the government sector and private sector who should come together and make attempts in solving it.

Market Segmentation:
In MFRF’s report, The Global Seaweed Market Is Segmented on the basis of type, form and end-use.

Based on type, it is segmented into red seaweed, green seaweed and brown seaweed. Of these, the red seaweed captured the maximum share in the market owing to its high concentration of antioxidant.

Based on form, the seaweed market is segmented into flakes, liquid, powder and others. Of these, the liquid segment will rule the market owing to the product’s better shelf-life.

Based on end-use, it is segmented into personal care products, pharmaceuticals, welding rods, paper and pulp, food, textiles and others. Of these, the food industry will dominate the seaweed market followed by personal care products.

Regional Analysis:
Based on region, the global Seaweed Market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, APAC region will hold a dominant position in the market followed by North America. The developing economy has resulted in the boost in disposable income owing to which this region is projected in generating high revenue over the forecast period. Transformation in the lifestyle of consumers and seaweed being a healthy food will improve its sale in various regions. The leading seaweed importers include the US, Australia, China, Japan and Thailand. Resting on the increase amid consumers in turning more health conscious, both the export and import in developed countries have gone up.

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