Red Seaweed Extract Market
Red Seaweed Extract Market Analysis by Product Type (Powder, Liquid, Gel), by Application (Food & Beverage, Personal Care & Cosmetics, Animal Feed Additives, Pharmaceuticals), by Region - Global Forecast 2022 to 2032
Analysis of Red Seaweed Extract Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Red Seaweed Extract Market Outlook
The global red seaweed extract market is estimated at USD 2,058.4 Million in 2022 and is forecast to surpass USD 3,242.7 Million by 2032, growing at a CAGR of 4.6% from 2022 to 2032.
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Report Attributes |
Details |
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Base Year Value (2021A) |
USD 1,977.3 Million |
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Estimated Year Value (2022E) |
USD 2,058.4 Million |
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Projected Year Value (2032F) |
USD 3,242.7 Million |
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Global Growth Rate (2022-2032) |
CAGR 4.6% |
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Asia-Pacific Market Share in 2021 |
~43% |
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Asia-Pacific Growth Rate (2022-2032) |
CAGR ~5.3% |
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Collective Value Share (US, China, India) 2022: Top 3 Countries |
~43% |
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Top 5 Companies Market Share in 2021 |
~27% |
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Key Companies Profiled |
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The global red seaweed extract market is likely to create an absolute dollar opportunity of USD 1,184.3 Million by the end of 2032. The global red seaweed extract market holds ~46% of the global seaweed extract market.
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2017 to 2021 Global Red Seaweed Extract Market Outlook in Comparison to 2022 to 2032 Growth Forecast
Red algae or seaweed extract has potential benefits for application in personal care & cosmetics, food & beverage, and animal feed additives etc. Red seaweeds are being used now for human consumption, thereby providing new opportunities for the food industry. Red seaweed extracts are used to produce alginate, hydrocolloids, agar, and carrageenan and are used as thickening agents and gelling agents by the manufacturers. This is therefore, estimated to provide a gain of 245 BPS to the red seaweed extract market over the forecast period of 2022-2032.
Moreover, the use of red seaweed extract in personal care and cosmetics industry along with application in food & beverage, and pharmaceuticals are likely to provide enhance revenue stream for the manufacturers in the market.
Fact.MR projects the red seaweed extract market is expected to witness exhibiting growth at 4.6% CAGR during 2022 and 2032 in comparison to a CAGR of 3.1% with which it grew from 2017 and 2021.
Enhanced Usage in Personal Care and Cosmetics to Fuel Market Demand
Red seaweed extract is very much beneficial for the skin because of its anti-bacterial and anti-viral properties and is an active ingredient for promoting skin health. As it is a natural source for polysaccharides and is a rich source of amino acids, minerals, and vitamins, replenishes the skin’s natural water reservoir.
In addition to this, the red algae or seaweed extract produces amino acids that are exceptionally good at blocking UVA rays from the sun, thereby promoting a healthier skin barrier. It neutralizes free radicals, reduces wrinkles, and reduces fine lines by protecting the dermal layer against oxidative stress. Therefore, all these factors are likely to support market demand for red seaweed extract by 1/4th of current levels during the forecast years of 2022-2032.
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Recent Product Developments in Red Seaweed Extract Market is expected to Upsurge Overall Sales
The red seaweed extract industry offers an extensive range of food products for consumption by human as it is versatile and is used to produce hydrocolloids, agar, alginate, and carrageenan, which are used as gelling and thickening agents.
The red seaweed extracts comprising of appropriate properties are used in multiple end-use industries of nutraceuticals, pharmaceuticals, cosmetics, food and beverages etc. As red seaweed is mostly produced along the coastal regions and in Chile, China, and Indonesia, they are likely to witness enhanced demand in the developed, and growing regions, attributed to the easy availability for red seaweed extract products. The red seaweed extract market is likely to witness presence of global and local vendors over the years.
Factors Restraining Market Growth
Manufacturers are using carrageenan, a food additive mined from red seaweed as a thickening agent. However, it can cause potential risks when it is treated with acid, carrying significant health warnings. It may lead to inflammation, bowel disorders, ulcers, IBD or even cancer in some cases. Therefore, these factors are likely to restrain market growth by 0.4X over the assessment period of 2022-2032.
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Competitive landscape highlights only certain players
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Competitive Landscape: Top Companies in Red Seaweed Extract Market
The global red seaweed extract market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of red seaweed extract.
Fact.MR has provided detailed information about price points of key manufacturers in red seaweed extract market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- Cargill launched red seaweed powder in 2021 from an organoleptic perspective to accentuate smooth and creamy texture in dairy. The product is produced without any chemical modification, keeping the natural components intact
- Sapec sgps and controlling shareholder acquired 31% shares of Algaia SA in the year 2019 from Demeter & Cap Decisif. This will lead to strategic development of the business in multiple markets and provide for natural and sustainable solutions over the years
Global Red Seaweed Extract Market by Category
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By Product Type, Global Red Seaweed Extract Market is segmented as:
- Powder
- Liquid
- Gel
- Others
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By Application, Global Red Seaweed Extract Market is segmented as:
- Food & Beverage
- Personal Care & Cosmetics
- Animal Feed Additives
- Pharmaceuticals
- Others
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By Region, Global Red Seaweed Extract Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Application 7. Global Market Analysis and Forecast, By Product Type 7.1. Powder 7.2. Liquid 7.3. Gel 7.4. Others 8. Global Market Analysis and Forecast, By Application 8.1. Food & Beverage 8.2. Personal Care & Cosmetics 8.3. Animal Feed Additives 8.4. Pharmaceuticals 8.5. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. MEA 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. MEA Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Product Type and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Cargill 19.2. Algaia SA 19.3. Aquarev Industries 19.4. Saosis Biotech 19.5. Shemberg 19.6. Ceamsa 19.7. Green Fresh Foodstuff 19.8. Qingdao Nanshan Seaweed 19.9. Karagen Indonesia 19.10. Other Market Players
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Application
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Product Type
Table 6: North America Market US$ Mn Forecast by Application
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Product Type
Table 9: Latin America Market US$ Mn Forecast by Application
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Product Type
Table 12: Western Europe Market US$ Mn Forecast by Application
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Product Type
Table 15: Eastern Europe Market US$ Mn Forecast by Application
Table 16: East Asia Market US$ Mn Forecast by Country
Table 17: East Asia Market US$ Mn Forecast by Product Type
Table 18: East Asia Market US$ Mn Forecast by Application
Table 19: South Asia & Pacific Market US$ Mn Forecast by Country
Table 20: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 21: South Asia & Pacific Market US$ Mn Forecast by Application
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Product Type
Table 24: MEA Market US$ Mn Forecast by Application
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 18: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 21: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global Red Seaweed Extract Market scenario?
The global value of red seaweed extract market is estimated to be worth over USD 2,058.4 Million in 2022.
How far is the global demand expected to reach over the forecasted period?
The demand is anticipated to surpass USD 3,242.7 Million by 2032 end.
What was the last 5-year CAGR for the demand in the Red Seaweed Extract Market?
During 2017-2021, global red seaweed extract market grew at 3.1% CAGR.
Who are the prominent players in the global Red Seaweed Extract Market?
Some of the prominent players in red seaweed extract market are Cargill, Algaia SA, Aquarev Industries, Saosis Biotech, Shemberg, Ceamsa, etc.
Which is the most leading region in the Red Seaweed Extract Market?
Asia-Pacific tops the global red seaweed extract market accounting for 43.4% of global market share in 2022.
Which application segment contributes maximum share in Red Seaweed Extract consumption?
Personal care & cosmetics segment under the application segment contributes 34.3% of market share in global consumption of red seaweed extract.
Red Seaweed Extract Market