Global Players Dominate the Market Holding ~45% Revenue Share Despite the Presence of about ~300 Competitors Comprising a large Number of Country-Niche Players and Regional Players, finds a recent market study on the Global Commercial Seaweed Market.
Seaweed is a type of marine algae that grows in the sea, oceans, lakes, rivers, and other water bodies. They come in a variety of product types such as brown, green, red and are the main source of food for ocean life. Seaweed can be obtained from rocky shorelines around the world, which is highly nutritious in nature i.e. mainly used in pharmaceuticals and food & beverages industries as well as raw materials for the making of agricultural products, and animal feed additives, which can be used in powder, liquid, and flakes form.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Global Players Constitute ~10% of the Total Number of Competitors, while Country-Niche Players Dominate Representing ~60% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Commercial Seaweed Market is highly competitive with ~300 players, including globally diversified players, regional players, and a significant number of country-niche players with their niche in Commercial Seaweed Products. The majority of the global commercial seaweed companies, including Cargill Inc., DuPont, Roullier Group, Biostadt India Limited, Seasol, and Leili Group maintained their leading positions in the market by adopting numerous business strategies such as partnerships, agreements, mergers, collaborations, and others.
- In September 2022, Cargill Inc, Bühler Group, and Givaudan launched a program to help start-ups that are innovating in plant-based protein, to address the needs of a growing global population. This program will explore alternative protein sources such as seaweed, lentils, and more to meet the protein demands of the population.
Rising Demand for Commercial Seaweed from Food And Beverage Industry Due to Its High Nutrient Value Is Likely to Provide New Growth Opportunities For The Market.
Detailed comparative analysis of key competitors available within the Research Study shows that the rising demand for Commercial Seaweed from the Food and Beverage industry due to its high nutrient values and rich in protiens, viamins and fibersis providing new opportunities for the Commercial Seaweed market.
- Seaweed is highly rich in vitamins, fibers, and minerals. It provides vitamin B12 and iodine, which helps with numerous problems such as anemia, weak muscles, numbness, nausea, weight loss, fatigue, and increased heart rate.
- Seaweeds extracts such as carrageenan, alginates, and agar are used as thickening agents as well as stabilizing the texture of many eatables such as yogurt, ice-cream, chocolate milk, cottage cheese, pre-packed ham, dog food, whipped cream, and more.
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Increasing Government Initiatives and Policies is Likely to Drive the growth of the Global Commercial Seaweed Market
- In November 2021, India is now expanding its seaweed production to a minimum of 1 million tons per year by 2025, under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) i.e. Blue Revolution scheme an initial investment of US$ 86.8 million is made by the Indian government for supporting seaweed farming.
In October 2022, The Maritime Affairs and Fisheries Ministry, which is a government ministry of Indonesian government has released statement that they are launching four new seaweed industrialization zones that will help them to earn Profit from the possibilities of multiple seaweed products.
Key Topics Covered in the Report
- Snapshot of the Global Commercial Seaweed Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Commercial Seaweed Market
- Historic Growth of the Overall Global Commercial Seaweed Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Commercial Seaweed Industry
- Overview, Product Offerings, and Strength & Weakness
- COVID-19 Impact on the Overall Global Commercial Seaweed Market
- Future Market Forecast and Growth Rates of the Total Global Commercial Seaweed Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Commercial Seaweed Market
- Major Production/Supply and Consumption/Demand Hubs within Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Notable Key Players Mentioned in the Report
- Cargill Inc.
- DuPont
- Roullier Group
- Biostadt India Limited
- Seasol
- Leili Group
- Gelymar SA
- BrandT Consolidated, Inc.
- FMC Corporation
- CP Kelco.
Notable Emerging Companies Mentioned in the Report
- PlantSea
- Phykos
- Sway Innovation Co
- Symbrosia Inc.
- Blue Ocean Barns
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Commercial Seaweed Companies
- Commercial Seaweed Product Manufacturers
- Suppliers of Seaweed Production Equipment
- Fishing Equipment Providers
- Marine Equipment Providers
- Government Ministries of Fisheries
- Government Ministries of Ports, Shipping and Waterways
- Commercial Seaweed Industry Association
- Seaweed Processing Companies
- Venture Capitalists Targeting Commercial Seaweed Industry
- PE Firms Targeting Commercial Seaweed Industry
- Financial Institutions Targeting Commercial Seaweed Industry
Time Period Captured in the Report
- Historical Period: 2017-202
- Forecast Period: 2022E-2028F
For more information on the research report, refer to the below link:
Global Commercial Seaweed Market
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