Edible Seaweed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Edible Seaweed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • May 2034
  • Food
  • 0 pages

Report Description

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Global Edible Seaweed Market: Overview

Edible seaweed are marine algae which are simple plants that dwell in saltwater and belong to one of the several group of multicellular algae, including red algae, green algae and brown algae Edible seaweed contains high amount of fiber and are used in preparation of variety of food. Apart from their applications in food industry edible seaweeds are also used for industrial applications and as a fertilizer. Seaweeds are also cultivated for the extraction of agar, carrageenan and alginate substances collectively called as hydrocolloids. Edible seaweed are also used in diet pills.

Edible Seaweed are extensively used as food in coastal cuisines across the globe. Due to their high amount of iodine as compared to other food products edible seaweeds are widely consumed as food in various traditional European societies such as Western Norway and Ireland. The global edible seaweed market is expected to witness significant growth over the forecast period owing to their widespread role as a food supplement and as a fertilizer.  

Global Edible Seaweed Market: Dynamics

Key driving factors of the global edible seaweed market are rapidly growing food industry along with growing demand of edible seaweed in the chemical industry across the globe. Macro-economic factors propelling the growth of the global edible seaweed market are growing urbanization across the emerging economies such China and Brazil and rising disposable income over the forecast period. Other factors fueling theglobal edible seaweed market are significantly growing travel and tourism industry along with growing hospitality industry, owing to its significant demand among tourists globally over the forecast period. Furthermore, robust growth in the pharmaceutical industry leads the global edible seaweed market towards growth, attributed to its high demand for preparing medicines and vitamins over the forecast period. Growing consumers demand for food enriched with essential vitamins and minerals is further contributing towards consumption of edible seaweed across the food industry.  

The major restraining factors such as high service taxes on edible seaweed products as well as its toxic nature hinders the edible seaweed market to grow over the forecast period.

Global Edible Seaweed Market: Segmentation

Global edible seaweed market is segmented based on product type, form end use, sales channel and region.

Based on the product type, the global edible seaweed market is classified as follows:

  • Red Algae
  • Brown Algae
  • Green Algae

Based on the form type, the global edible seaweed market is classified as follows:

  • Liquid
  • Dried

Based on the end use, the global edible seaweed market is classified as follows:

  • Pharmaceutical Industry
  • Food and Beverages Industry
  • Chemical
  • Others

Based on the sales channel the global edible seaweed market is classified as follows:

  • Supermarket and Hypermarkets
  • E-commerce
  • Convenience Stores
  • Others

Global Edible Seaweed Market: Segmentation Overview

Food and beverages industry is anticipated to be the largest end use segment in the overall edible seaweed market owing to its high demand in the coastal area across the globe. The supermarket and hypermarket along with e-commerce end use segment is predicted to see significant growth under sales channel segment in the global edible seaweed market globally due to the high preference among consumers to purchase these edible seaweeds globally.

Global Edible Seaweed Market: Regional Outlook

Based on the geographies, the global edible seaweed market is classified into seven regions globally such as, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. North America is expected to account for the high market share followed by Western Europe in the global edible seaweed market, owing to growing health awareness among consumers along with increasing consumption of edible seaweed at the coastal area in the region. Western Europe is estimated to witness significant growth, owing to its high consumption in U.K., Ireland, Western Norway and various other countries. Asia-pacific is predicted to witness robust growth rate in the global edible seaweed market, attributed to its significant demand in South Korea and China across this region. In addition, Japan is anticipated to see the significant growth rate in the global edible seaweed market across the region, owing to growing health awareness among consumers along with its high usage to prepare the fertilizer for agriculture purposes over the forecast period.

Global Edible Seaweed Market: Key Players

Key players in the global edible seaweed market are Acadian Seaplants Ltd., North American Kelp, Ocean Organics Corp, VitaminSea Seaweed Co., Mendocino Sea Vegetable Company, Dulse & Rugosa and Irish Seaweeds.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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