Seaweed Algae Market
Seaweed Algae Market Analysis on Key segments which are Product Type (Brown Algae, Green Algae, Red Algae), By Application, By Extraction Method and By Region - Global Market Insights 2023 to 2033
Analysis of Seaweed Algae Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Seaweed Algae Market Outlook (2023 to 2033)
The global seaweed algae sales are estimated to expand from US$ 15,000.0 million in 2023 to US$ 20,345.0 million by 2033. Over the next ten years (2023 to 2033), global Seaweed Algae sales are likely to soar at a notable CAGR of 3.1%.
| Report Attributes | Key Insights |
|---|---|
| Estimated Global Seaweed Algae Market Size (2023E) | US$ 15,000.0 million |
| Projected Seaweed Algae Market Value (2033F) | US$ 20,345.0 million |
| Value-based CAGR (2023 to 2033) | 3.1% |
| Top 3 Countries’ Value | US$ 7,335.0 million |
| Top 3 Countries’ Share | 48.9% |
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Key Trends Listed by Fact.MR
- Brown seaweed has a larger commercialization as compared to red and green owing to large amount of supply and availability of the same
- Domestic production of seaweed has increased over the past couple of years owing to increased end use applications of seaweeds across sectors
- There is a general increase in the farming and harvesting of seaweed due to increasing awareness of its many applications and sustainable production
- Availability of edible seaweed in Asian countries is higher than that of other regions which provided the manufacturers based out of Asia to expand their consumer base outside their local market as demand remains high
- Seaweeds are consumed as sea vegetables in Asian countries however in western and other regions they are used as gelling or thickening agents
- Seaweed products are easy to prepare and are added to soups, vegetables, salads and more
- Seaweeds in China, Japan and South Korea are purchased as a dried product as it has a longer shelf life
- Seaweed are considered as organic alternatives to conventional additives and preservatives and hence have ample uses in various industries
- Versatility of dried seaweed as an ingredient in a range of dishes including stew and stir-fried recipes
- Increasing applications of seaweeds in cosmetics to manufacture seaweed face masks, creams and other skincare products
- Seaweeds are rich in protein source and are hence used as alternative protein sources, they are increasingly used to create plant-based protein sources
- There are studies that suggest the consumption of edible seaweeds leads to prevention of certain diseases like diabetes, hypertension, inflammation, arthritis, and cardiovascular ailments
Seaweeds are used as an alternative protein from the 5th century. Asian regions like China, South Korea, and Japan were the first countries to tap on the potential of seaweeds as food. With globalization the world has seen a diversity in consumers, which has created demand for seaweed algae across the globe.
The production of edible seaweed for human, biofuels and animals could bring about a trans formal change in the path towards sustainability in the near future. A recent study conducted by Fact.MR suggests that the current growth rate of seaweed farming has gone up to ~14% year on year due to the increasing awareness about sustainability and economically viable solutions to modern day problems.
2018 to 2022 Global Seaweed Algae Sales Outlook Compared to Demand Forecast from 2023 to 2033
According to the Fact.MR, global Seaweed Algae sales grew at a CAGR of 1.2% from 2018 to 2022. For the next ten years, the worldwide market for Seaweed Algae is forecast to progress at 3.1% CAGR over the next decade of 2023 to 2033.
In Asia, consumption of seaweed is not a very novel concept. Known for its high protein content they are used in soups and stews and various other dishes to enhance the flavour and texture of the dish. Currently in Asia, there are three species in particular that are easy to farm and have wide range of applications in food and beverage, pharmaceuticals and cosmetics industry. They are, Nori (Porphyra), Kombu (Saccharina and Laminaria) and Wakame (Undaria). Additionally algae hydrocolloids are used in many type of foods because of their thickening and gelling properties. They are used in the food and beverage sector particulary in, dairy products, candy, beverages, bakery, processed meat products, jams and sauces.
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Adjacent Markets Overview
Marine By-Products Market :
| Attributes | Marine By-Products Market |
|---|---|
| CAGR (2023 to 2033) | 4.9% |
| Market Value (2033) | ~US$ 43,382.8 million |
| Growth Factor | Increased availability of raw marine ingredients for fishmeal, fish oil and other related products has increased many folds. This will help manufacturers develop new by- products |
| Opportunity | Marine by-products are a more economically viable and can eliminate deficiencies like malnutrition in underdeveloped countries |
| Key Trends | In recent years, revolutionary green technologies such as UAE (ultrasound-assisted extraction) and SFE (supercritical fluid extraction) have emerged as viable alternatives to traditional methods. |
Marine Collagen Market :
| Attributes | Marine Collagen Market |
|---|---|
| CAGR (2023 to 2033) | 7.5% |
| Market Value (2033) | ~US$ 197.4 million |
| Growth Factor | Growing demand for anti-aging ingredients in cosmetics industry is expected to drive the demand for marine collagen in the near future |
| Opportunity | Marine collagen market is still in its infancy and hence there are many manufacturers currently investing heavily of research and development of unique marine sourced products that will serve as sustainable and affordable alternatives to conventional and expensive solutions |
| Key Trends | Consumer demand for premium products. Owing to the high demand for premium, hand-made and artisanal products the demand for marine collagen is expected to increase over the next decade |
Fish Silage Market :
| Attributes | Fish Silage Market |
|---|---|
| CAGR (2023 to 2033) | 10.2 % |
| Market Value (2033) | ~US$ 780.9 million |
| Growth Factor | Fish silage provides a number of benefits over fish meals such as being virtually independent of scale, low investment even in large production and more |
| Opportunity | Fish silage in animal feed has showing remarkable results in terms of growth, health and conditioning of broilers and pigs |
| Key Trends | There is a surge in demand for animal feed alternatives which are more sustainable. Additionally demand for cost-effective feed ingredients is also on the rise. |
Country-wise Insights
North America - CAGR
| Country | CAGR (%) |
|---|---|
| United States | 2.1% |
Europe - CAGR
| Country | CAGR (%) |
|---|---|
| Germany | 2.7% |
Asia Pacific - CAGR
| Country | CAGR (%) |
|---|---|
| Japan | 2.3% |
| India | 4.5% |
| China | 3.5% |
North America - BPS Analysis
| Country | BPS Analysis |
|---|---|
| United States | -120 |
Europe - BPS Analysis
| Country | BPS Analysis |
|---|---|
| Germany | -206 |
Asia Pacific - BPS Analysis
| Country | BPS Analysis |
|---|---|
| Japan | -50 |
| India | -350 |
| China | 148 |
North America - Market Value (2033)
| Country | Market Value (2033) |
|---|---|
| United States | US$ 5,187.9 million |
Europe - Market Value (2033)
| Country | Market Value (2033) |
|---|---|
| Germany | US$ 1,729.3 million |
Asia Pacific - Market Value (2033)
| Country | Market Value (2033) |
|---|---|
| Japan | US$ 3,377.2 million |
| India | US$ 1,200.3 million |
| China | US$ 590.0 million |
Why are China expected to be the most attractive regions for the consumption of sea weed?
As per Fact.MR, China Seaweed Algae market is expected to reach a valuation of around US$ 590.0 million by 2033 and is expected to grow at a lucrative CAGR of 3.5% over the next decade.
Growing consumer knowledge and increasing urbanization is expected to drive the demand for seaweed consumption in China. Modern day consumers are more aware of the food they consume and are hence inclined towards a healthier and nutritional approach towards their food consumption habits. Seaweed algae is sustainable, nutritionally rich food which contains an abundance of protein content, dietary fibres, minerals and vitamins.
Seaweed consumption in China is relatively lower than that in Japan and Korea. However, due to rise in the awareness of the use of seaweed in multiple industries. There is an increase in the overall demand for seaweed in China. Seaweed extracts are increasingly used as food additives as a thickening agent, gelling agent, stabilizer and emulsifier in processed food products.
The demand for processed food is on the rise due to increase in on-the-go snacking and working population. On the go snacking has resulted in a surge in demand for processed food that is ready-to-eat. Extensive use of seaweed in these foods is indirectly driving the demand for seaweed algae. Additionally increased per capita income and spending power among consumers is also one of the key factors driving the demand for seaweed algae in China. Consumers today want quality and transparency over everything. They are even willing to pay a premium price for products that are sustainable and environment friendly.
Drivers of the United States Seaweed Algae Market
The growing use of seaweed in Pharmaceutical Industry is driving the demand for seaweed algae in U.S.
According to Fact.MR analysis, the United States Seaweed Algae industry is poised to exhibit a CAGR of 2.1% during the assessment period. By 2033, the United States market size is expected to reach US$ 5,187.9 million by 2033.
Seaweed is a valuable source of bioactive compounds such as sulphated polysaccharides. The utility of polysaccharides in pharmaceutical industry has been studied for several years owing to its potential application in drug delivery systems. Sulfated polysaccharides found in seaweed algae like carrageenan, ulvan and fucoidan have been used to formulate a number of drugs, medicines and functional foods. In the U.S. in particular, prevalence of diseases like diabetes and cancer is very high which in turn results in a a high demand for seaweed algae in the U.S.
Demand Outlook for the Seaweed Algae in India Market
Easy availability and demand for seaweed in India is expected to drive the Indian Seaweed Algae market
Seaweed Algae demand in India is anticipated to rise at a steady CAGR of 4.5% during the forecast period from 2023 to 2033 and is expected to reach a valuation of US$ 1,200.3 Mn by 2033
In India there are ~844 different species of seaweed algae. India processes 434 species of red algae, 216 species of green algae and 194 species of brown algae. Seaweed algae are considered as the best fertilizer that helps in enhancing productivity and yield of the soil. It is also used as a manure in soil, soil conditioner and as animal feed.
Seaweed can be farmed and used as biofules, which is being aggressively promoted by the Indian government as an alternative. A switch to seaweed-based energy has the potential to reduce the carbon emissions that are triggered by the excessive use of fossil fuels. Moreover, seaweed farming can help in reducing the acid content in water and can also help in cultivating fish populations. This will help in the reduction of sea-food related diseases and infections.
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Category-wise Insights
What is driving the higher demand for Red seaweeds in comparison to green and brown seaweeds?
Red seaweeds contain algal proteins phycobiliproteins which have antioxidant properties which are beneficial in the prevention of neuro diseases caused by oxidative deficiency as well as in treatment of cancer and gastric ulcers. They also contain omega-6 and omega 3 fatty acids that prevent cardio vascular diseases like and also diabetes. These diverse and useful applications of red algae in the medical and pharmaceutical sector have resulted in their high demand across the globe.
Besides this, seaweeds are a good source of vitamins and minerals and other essential nutrients. The growing awareness in consumers about the increasing environmental pollution caused by increasing carbon emissions and excessive use of fossil fuels have also prompted them to switch to organically, and sustainably sourced products for consumption. Use of seaweed in multiple food and beverage industries as an alternative to conventional protein sources is a growing trend and the seaweed market is hence expected to gain momentum over the next decade
Competitive Landscape
The competitive landscape of Seaweed Algae is dynamic and constantly evolving as the demand for sustainable and cost-effective feed options continues to grow. Several factors influence the competitiveness of Seaweed Algae, including availability, cost, nutritional value, market acceptance, and regulatory considerations.
Scope of the Report
| Attributes | Details |
|---|---|
| Market Size Value in 2023 | US$ 15,000.0 million |
| Market Forecast Value in 2033 | US$ 20,345.0 million |
| Anticipated Growth Rate (2023 to 2033) | 3.1% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (US$ Million) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Ingredient type, Nature, Form, Processing Type, Packaging Format, Sales Channel, and Region |
| Key Companies Profiled | Gelymar; Tasmanian Seafood Seduction; PhycoHealth; Sea Forest; Australian Seaweed Institute; Marinova; Great Southern Ocean; The Seaweed Company; Acadian Seaplants; Qingdao Gather Great Ocean Algae Industry Group; Roquette Klotze GmbH; Cargill, Incorporated; Acadian Seaplants; Qingdao Seawin Biotech Group Co. Ltd.; CP Kelco U.S., Inc.; AquAgri Processing Pvt. Ltd; Algaia; BASF SE |
Seaweed Algae Market by Category
-
By Product Type :
- Brown Algae
- Green Algae
- Red Algae
-
By End Use Application :
- Food & Beverage Processing
- Pharmaceuticals
- Dietary Supplements and Nutraceuticals
- Personal Care and Cosmetics
- Animal Feed
- Aqua Feed
- Pet Food
- Retail
-
By Extraction Method :
- Conventional
- Current Method
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Dynamics
- 4. Value Chain Analysis
- 5. Global - Pricing Analysis
- 6. Global Market Size (in Value (US$ million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
- 7.1. Brown Algae
- 7.2. Green Algae
- 7.3. Red Algae
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Application
- 8.1. Food & Beverage Processing
- 8.2. Pharmaceuticals
- 8.3. Dietary Supplements and Nutraceuticals
- 8.4. Personal Care and Cosmetics
- 8.5. Animal Feed
- 8.6. Aqua Feed
- 8.7. Pet Food
- 8.8. Retail
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Extraction Method
- 9.1. Conventional
- 9.2. Current Method
- 10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia
- 10.6. Oceania
- 10.7. MEA
- 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Country-level Market Analysis
- 19. Market Structure Analysis
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Gelymar
- 21.2. Tasmanian Seafood Seduction
- 21.3. PhycoHealth
- 21.4. Sea Forest
- 21.5. Australian Seaweed Institute
- 21.6. Marinova
- 21.7. Great Southern Ocean
- 21.8. The Seaweed Company
- 21.9. Acadian Seaplants
- 21.10. Qingdao Gather Great Ocean Algae Industry Group
- 21.11. Roquette Klotze GmbH
- 21.12. Cargill, Incorporated
- 21.13. Acadian Seaplants
- 21.14. Qingdao Seawin Biotech Group Co. Ltd.
- 21.15. CP Kelco U.S., Inc.
- 21.16. AquAgri Processing Pvt. Ltd
- 21.17. Algaia
- 21.18. BASF SE
- 21.19. Other Players (On Additional Requests)
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (MT) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 4: Global Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 5: Global Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 6: Global Market Volume (MT) Forecast by SEG2, 2018 to 2033
Table 7: North America Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 10: North America Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 11: North America Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 12: North America Market Volume (MT) Forecast by SEG2, 2018 to 2033
Table 13: Latin America Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 16: Latin America Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 17: Latin America Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 18: Latin America Market Volume (MT) Forecast by SEG2, 2018 to 2033
Table 19: Europe Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 20: Europe Market Volume (MT) Forecast by Country, 2018 to 2033
Table 21: Europe Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 22: Europe Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 23: Europe Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 24: Europe Market Volume (MT) Forecast by SEG2, 2018 to 2033
Table 25: East Asia Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 28: East Asia Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 29: East Asia Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 30: East Asia Market Volume (MT) Forecast by SEG2, 2018 to 2033
Table 31: South Asia Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 32: South Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 33: South Asia Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 34: South Asia Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 35: South Asia Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 36: South Asia Market Volume (MT) Forecast by SEG2, 2018 to 2033
Table 37: Oceania Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 38: Oceania Market Volume (MT) Forecast by Country, 2018 to 2033
Table 39: Oceania Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 40: Oceania Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 41: Oceania Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 42: Oceania Market Volume (MT) Forecast by SEG2, 2018 to 2033
Table 43: MEA Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 44: MEA Market Volume (MT) Forecast by Country, 2018 to 2033
Table 45: MEA Market Value (US$ million) Forecast by SEG1, 2018 to 2033
Table 46: MEA Market Volume (MT) Forecast by SEG1, 2018 to 2033
Table 47: MEA Market Value (US$ million) Forecast by SEG2, 2018 to 2033
Table 48: MEA Market Volume (MT) Forecast by SEG2, 2018 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) by SEG1, 2023 to 2033
Figure 2: Global Market Value (US$ million) by SEG2, 2023 to 2033
Figure 3: Global Market Value (US$ million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (MT) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 9: Global Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 12: Global Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 13: Global Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 16: Global Market Attractiveness by SEG1, 2023 to 2033
Figure 17: Global Market Attractiveness by SEG2, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ million) by SEG1, 2023 to 2033
Figure 20: North America Market Value (US$ million) by SEG2, 2023 to 2033
Figure 21: North America Market Value (US$ million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 27: North America Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 30: North America Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 31: North America Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 34: North America Market Attractiveness by SEG1, 2023 to 2033
Figure 35: North America Market Attractiveness by SEG2, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ million) by SEG1, 2023 to 2033
Figure 38: Latin America Market Value (US$ million) by SEG2, 2023 to 2033
Figure 39: Latin America Market Value (US$ million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 45: Latin America Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 48: Latin America Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 49: Latin America Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 52: Latin America Market Attractiveness by SEG1, 2023 to 2033
Figure 53: Latin America Market Attractiveness by SEG2, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Europe Market Value (US$ million) by SEG1, 2023 to 2033
Figure 56: Europe Market Value (US$ million) by SEG2, 2023 to 2033
Figure 57: Europe Market Value (US$ million) by Country, 2023 to 2033
Figure 58: Europe Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 59: Europe Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Europe Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 63: Europe Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 64: Europe Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 65: Europe Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 66: Europe Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 67: Europe Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 68: Europe Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 69: Europe Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 70: Europe Market Attractiveness by SEG1, 2023 to 2033
Figure 71: Europe Market Attractiveness by SEG2, 2023 to 2033
Figure 72: Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: East Asia Market Value (US$ million) by SEG1, 2023 to 2033
Figure 74: East Asia Market Value (US$ million) by SEG2, 2023 to 2033
Figure 75: East Asia Market Value (US$ million) by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 77: East Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: East Asia Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 81: East Asia Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 82: East Asia Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 84: East Asia Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 85: East Asia Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 88: East Asia Market Attractiveness by SEG1, 2023 to 2033
Figure 89: East Asia Market Attractiveness by SEG2, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia Market Value (US$ million) by SEG1, 2023 to 2033
Figure 92: South Asia Market Value (US$ million) by SEG2, 2023 to 2033
Figure 93: South Asia Market Value (US$ million) by Country, 2023 to 2033
Figure 94: South Asia Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 95: South Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 99: South Asia Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 100: South Asia Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 102: South Asia Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 103: South Asia Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 104: South Asia Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 106: South Asia Market Attractiveness by SEG1, 2023 to 2033
Figure 107: South Asia Market Attractiveness by SEG2, 2023 to 2033
Figure 108: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 109: Oceania Market Value (US$ million) by SEG1, 2023 to 2033
Figure 110: Oceania Market Value (US$ million) by SEG2, 2023 to 2033
Figure 111: Oceania Market Value (US$ million) by Country, 2023 to 2033
Figure 112: Oceania Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 113: Oceania Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: Oceania Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 117: Oceania Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 118: Oceania Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 120: Oceania Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 121: Oceania Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 122: Oceania Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 124: Oceania Market Attractiveness by SEG1, 2023 to 2033
Figure 125: Oceania Market Attractiveness by SEG2, 2023 to 2033
Figure 126: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 127: MEA Market Value (US$ million) by SEG1, 2023 to 2033
Figure 128: MEA Market Value (US$ million) by SEG2, 2023 to 2033
Figure 129: MEA Market Value (US$ million) by Country, 2023 to 2033
Figure 130: MEA Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 131: MEA Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: MEA Market Value (US$ million) Analysis by SEG1, 2018 to 2033
Figure 135: MEA Market Volume (MT) Analysis by SEG1, 2018 to 2033
Figure 136: MEA Market Value Share (%) and BPS Analysis by SEG1, 2023 to 2033
Figure 137: MEA Market Y-o-Y Growth (%) Projections by SEG1, 2023 to 2033
Figure 138: MEA Market Value (US$ million) Analysis by SEG2, 2018 to 2033
Figure 139: MEA Market Volume (MT) Analysis by SEG2, 2018 to 2033
Figure 140: MEA Market Value Share (%) and BPS Analysis by SEG2, 2023 to 2033
Figure 141: MEA Market Y-o-Y Growth (%) Projections by SEG2, 2023 to 2033
Figure 142: MEA Market Attractiveness by SEG1, 2023 to 2033
Figure 143: MEA Market Attractiveness by SEG2, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
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- FAQs -
How big is the global Seaweed Algae industry?
The Seaweed Algae market is estimated to reach a valuation of about US$ 15,000.0 million in 2023.
What is the growth projection for the worldwide Seaweed Algae industry by 2033?
The global Seaweed Algae market value is projected to reach US$ 20,345.0 million by 2033.
At what rate is global demand for Seaweed Algae expected to increase from 2023 to 2033?
Global Seaweed Algae demand is expected to increase at a CAGR of around 3.1% through 2033.
What was the historical CAGR for the Seaweed Algae Market?
Global demand for Seaweed Algae registered a CAGR of 1.2% historically, during 2018 to 2022.
Why is the sale of commercial seaweed growing in Japan?
Japan has a huge demand for algae as it has been consuming seaweed for centuries. Algae is used extensively in Japan in dishes like sushi, miso soups, stews and salads due to its high nutritional properties and availability
Seaweed Algae Market