Dublin, Nov. 01, 2018 (GLOBE NEWSWIRE) -- The "Commercial Seaweeds Market by Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes), Application (Food, Feed, Agriculture), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The commercial seaweeds market is estimated at USD 14.08 billion in 2018. It is projected to reach USD 21.11 billion by 2023, at a CAGR of 8.4%.

The market is driven by its functional properties, which widens the new growth prospects for the food processing industry and the application of seaweeds and seaweed extracts, such as agar, carrageen, and alginate, which are used as gelling, binding, and thickening agents in the food, textile, and other manufacturing industries.

The growth of the brown seaweed segment, in terms of value, is estimated to dominate the global commercial seaweeds market in 2018. Brown seaweeds are increasingly used in the production of high-grade alginates. The increasing use of alginates in dental products is encouraging the leading companies to manufacture alginates from brown seaweeds. In the agriculture sector, brown seaweed extracts are used to produce organic fertilizers due to its potassium-rich content. The growing use of brown seaweeds in the manufacture of bio-plastics is further projected to fuel the market growth.

However, excessive use of seaweed products can adversely affect consumer's health due to the presence of toxic minerals such as heavy metal residues. This has led to increasing health concerns, globally, which, in turn, serves as a restraining factor for the growth of the commercial seaweeds market.

The red seaweed is estimated to dominate the global commercial seaweeds market, in terms of volume.

Red seaweeds are the largest group of seaweeds that are directly consumed as food due to their high content of essential nutrients, such as vitamins, minerals, and antioxidants. As the red seaweeds are nutrition-dense, they are largely used in various food products, such as soups, salads, snacks, and sushi. Red seaweeds are preferred more due to their nutrition and protein-rich properties in comparison to brown and green seaweeds. These seaweeds are also used to manufacture agar and carrageenan, which are widely used as a thickening and gelling agents. On account of these factors, the red seaweed is projected to witness high demand in the global market.

Seaweeds harvested from aquaculture is projected to witness the fastest growth in the commercial seaweeds market from 2018 to 2023.

Seaweeds are mainly obtained from aquaculture and are used for extraction and production of carrageenan and alginates. The rise in demand for aquaculture seaweeds as a raw material for the hydrocolloid industry to manufacture carrageenan, agar-agar, and alginates is projected to reflect positively on the overall market growth. Furthermore, the cultivation of aquaculture seaweeds does not require large setups and causes minimum harm to fishery resources and seabed. In the developing countries, this method acts as a sustainable activity, which also provides an alternative livelihood for the small-scale fishing community. Due to these factors, seaweed aquaculture remains high across regions, contributing toward the overall market growth.

North America is projected to be the fastest-growing market for commercial seaweeds from 2018 to 2023.

North American is projected to be the fastest-growing market for commercial seaweeds during the forecast period. The demand for commercial seaweeds in North America is driven by various factors such as increasing industrial applications of seaweeds and the growing awareness about its functional properties for enhancing the nutritive value in food as well as feed additives. The use of seaweeds in medical applications is also gaining traction in North America due to its high protein, calcium, antioxidants, iodine, potassium, iron, folic acid, fiber, omega-3, low-fat, and sodium content.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Volume Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Commercial Seaweeds Market
4.2 Commercial Seaweeds Market, By Key Country
4.3 Asia Pacific: Commercial Seaweeds Market, By Application & Key Country
4.4 Commercial Seaweeds Market, By Type & Region
4.5 Commercial Seaweeds Market, By Form & Region
4.6 Commercial Seaweeds Market, By Method of Harvesting

5 Market Overview
5.1 Introduction
5.2 Commercial Seaweeds Market Dynamics
5.2.1 Drivers
5.2.1.1 Functional Properties of Edible Seaweeds Open Up New Prospect for the Food Processing Industry
5.2.1.2 Increase in Seaweed Harvesting to Cater to the Growing Demand for Seaweeds & Seaweed-Based Products
5.2.1.3 Seaweed Farming - An Alternative Livelihood Boosted By Economic Opportunities and Rising Global Demand
5.2.1.4 Increasing Applications of Commercial Seaweeds
5.2.2 Restraints
5.2.2.1 Excessive Use of Seaweed Products
5.2.3 Opportunities
5.2.3.1 Increase in Technological Development to Cultivate Seaweed Would Reduce Labor Engagement
5.2.3.2 Seaweed-Emerging as A Snack
5.2.4 Challenges
5.2.4.1 Lack in Financial Support and Government Engagement and Improper Marine Spatial Plans
5.2.4.2 Occurrence of Natural Calamities Resulting in A Decline in the Production of Seaweeds
5.3 Value Chain
5.4 Trade Data
5.4.1 Major Commercial Seaweed Importing Countries
5.4.2 Major Commercial Seaweed Exporting Countries

6 Commercial Seaweeds Market, By Type
6.1 Introduction
6.2 Red Seaweeds
6.2.1 Red Seaweeds are Largely Used in Various Food Products Such as Soups, Salads, Snacks, and Sushi
6.3 Brown Seaweeds
6.3.1 Brown Seaweeds are Highly Used in the Production of High-Grade Alginates
6.4 Green Seaweeds
6.4.1 Emerging Uses of Green Seaweed in Other Application Areas Such as Biofuel Production and Wastewater Treatment is Expected to Drive the Market Growth

7 Commercial Seaweeds Market, By Method of Harvesting
7.1 Introduction
7.2 Aquaculture
7.2.1 Rise in Demand as A Raw Material for the Hydrocolloid Industry, Such as Carrageenan, Agar-Agar, and Alginates, is Expected to Drive the Growth of Aquaculture Seaweeds
7.3 Wild Harvesting
7.3.1 Growth of Wild Harvesting Seaweeds is Declining, as These Seaweeds are Susceptible to Easy Contamination By Heavy Metals Such as Mercury and Arsenic, Which are Harmful for Human Consumption

8 Commercial Seaweeds Market, By Form
8.1 Introduction
8.2 Liquid
8.2.1 Liquid Segment Dominates the Commercial Seaweeds Market Due to Their Varied Applications in Agriculture, Pharmaceuticals, Cosmetics, Animal Feed, and Others
8.3 Powder
8.3.1 Use of the Powdered Form of Seaweeds is Projected to Grow Due to Presence of Vitamin B12 and Vitamin E, Making Them Suitable for Cosmetic Products
8.4 Flakes
8.4.1 Increase in Usage as A Seasoning Agents is Expected to Drive the Segment

9 Commercial Seaweeds Market, By Application
9.1 Introduction
9.2 Food
9.2.1 Increasing Industrial Application of Seaweeds Extract Such as Agar, Carrageenan and Alginate in Processed Food is Driving the Market
9.2.2 Dairy Products
9.2.3 Meat & Poultry Products
9.2.4 Bakery Products
9.2.5 Confectionery Products
9.2.6 Others
9.3 Feed
9.3.1 Seaweeds are Significantly Used as Source of Feed Due Their High Protein Content
9.4 Agriculture
9.4.1 Presence of Hormone Such as Auxins & Gibberellins in Seaweeds is Driving the Market for Seaweeds as Agricultural Fertilizers
9.5 Others
9.5.1 Increasing Usage of Seaweeds in Cosmetics, Pharmaceuticals and Bio-Fuel Due to High Nutrient Content is Expected to Drive the Market

10 Commercial Seaweeds Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Easy Availability of Raw Materials, Increase in Use of Organic Products, and Growth in the Aquaculture Industry are Propelling the Market for Commercial Seaweeds in China
10.2.2 Indonesia
10.2.2.1 Increase in Usage of Seaweeds as Direct Food Products, and Use of Eucheuma Cottonii Or Gracilaria Into Various Food Products Such as Beverages, Noodles, Cookies, Crackers, and Sweets, Among Others are Expected to Drive the Market
10.2.3 Philippines
10.2.3.1 Multiple Usage of Seaweeds is Expected to Drive the Growth
10.2.4 South Korea
10.2.4.1 South Korea is the The Second-Fastest-Growing Country-Level Market for Commercial Seaweeds in the Asia Pacific Region
10.2.5 Japan
10.2.5.1 Seaweeds are A Traditional Food Product in Japan, is Expected to Augment the Market Growth and Demand
10.2.6 Rest of Asia Pacific
10.3 North America
10.3.1 US
10.3.1.1 Seaweeds are Largely Used in Dairy Products, Which Drives the Demand for Commercial Seaweeds in Us
10.3.2 Canada
10.3.2.1 Seaweeds in Canada are Largely Used as Biostimulant Extracts for Crops as Well as Feed Supplements
10.3.3 Mexico
10.3.3.1 The Demand for Carrageenan in Mexico is Increasing Due to Its Usage in Bakery, Dairy, and Confectionery Segments is Expected to Drive the Growth of Commercial Seaweeds Market
10.4 Europe
10.4.1 France
10.4.1.1 The Use of Seaweeds in the Processed Food Segment and Confectionery Segment Fueled the Growth of the Commercial Seaweeds Market in France
10.4.2 Ireland
10.4.2.1 Ireland Accounted for the Second-Largest Market Size in the Commercial Seaweeds Market in Europe
10.4.3 Norway
10.4.3.1 Growing Industrial & Human Food Application of Seaweeds Drive the Growth of the Commercial Seaweeds Market in Norway
10.4.4 Spain
10.4.4.1 The Trend of Consuming Seaweed as Vegetables is Growing Rapidly in Spain
10.4.5 Rest of Europe
10.5 Rest of the World (RoW)
10.5.1 Brazil
10.5.1.1 Brazil Dominates the Commercial Seaweeds Market in RoW Region
10.5.2 Argentina
10.5.2.1 The R&D for New Cultivation Techniques and Demand for Seaweeds for the Production of Hydrocolloids is Driving the Market in Argentina
10.5.3 South Africa
10.5.3.1 Seaweeds are Widely Used in Generating Biomass for Biofuel Production in South Africa
10.5.4 Others in RoW

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.3 Market Share Analysis
11.4 Expansions & Investments
11.5 Acquisitions
11.6 New Product Launches
11.7 Partnerships & Agreements

12 Company Profiles
12.1 DowDuPont
12.2 Cargill
12.3 Roullier Group
12.4 COMPO EXPERT
12.5 Biostadt India
12.6 CP Kelco
12.7 BRANDT
12.8 Acadian Seaplants
12.9 Gelymar
12.10 Seasol International
12.11 Algea
12.12 Algaia
12.13 CEAMSA
12.14 Seawin Biotech

For more information about this report visit https://www.researchandmarkets.com/research/qqtb6m/global_commercial?w=12

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Fruit and Vegetables

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.