Seaweed Protein Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Seaweed Protein Market By Source (Red Seaweed, Brown Seaweed, and Green Seaweed), Extraction Process (Conventional Method, and Current Method), Application (Food, Animal Feed and additive, Personal Care and Cosmetics, and Others), and Geography

 

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Report

Description

Seaweed Protein Market size is expected to be valued at USD 640.6 million in 2022 and is poised to grow at a significant CAGR of 14.4% over 2022–2028. Seaweed is the red, green, or brown marine algae that grow along seashores. Seaweeds are commonly anchored to the sea bottom or other solid supports by rootlike “holdfasts,” which execute the sole function of attachment and do not extract nutrients as do the roots of higher plants. Some seaweed species are edible, and many more are of commercial importance to humans. The primary growth of this market is by the growing health awareness among consumers. Also, Seaweed protein has observed massive demand due to the rising application of plant-based protein in food products such as plant-based meat, and plant-based protein supplements. The food and nutrition industries are focused on rising consumer preference for alternative protein sources by offering a personified experience to consume plant-based protein more sustainably. These factors also support to increase in the demand for seaweed proteins.  Apart from this, toxicity associated with the consumption of seaweed protein-based products, and the low concentration of amino acids in some seaweeds are the factors, which constrained the global market growth to some extent.   Increase in demand for natural ingredient-based products by a significant portion of consumers, and shifting toward plant-based proteins, the resultant market for plant protein components is rapidly expanding. This is expected to create lucrative opportunities among key players to provide varieties of seaweed-based food products at reasonable costs. Asia Pacific region is expected to lead the seaweed protein market over the forecasted period owing to continuous research and development in the seaweed sectors to find more applications of seaweed in various sectors.

Recent Market Developments:

In March 2022, Shiru, Inc., a food ingredient entrepreneur, and CP Kelco launched a new connection to help the transition to a more sustainable food system. Shiru’s “Hourish” platform will use accurate fermentation technology to find plant-based proteins, while CP Kelco will scale up these proteins using its fermentation capabilities and further confirm Shiru proteins in food prototypes.

In June 2021, CP Kelco opened a new global innovation center that will aid as an open environment for scientists and customers to collaborate on ingredient research, problem-solving, development, and pilot plant scale-up for food, beverage, home care, personal care, and other goods in Atlanta, Georgia.

Seaweed Protein Market

MARKET SUMMARY
-
14.4%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 14.4%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Seaweed Protein Market

  • The report on global seaweed protein market gives historical, current and future market sizes (US$ Mn) on the basis of source, extraction process, application, and geography.
  • The seaweed protein market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Cargill Incorporated (US)
  • Gelymar SA (Chile)
  • Ceamsa (Spain)
  • BASF (Germany)
  • Irish Seaweed (Ireland)
Seaweed Protein Market Dynamics

The global market for Seaweed Protein is growing due to increasing customer awareness regarding the health advantages of seaweed-based protein. Consumers shifted toward some substantial dietary modifications, resulting increases emphasis on holistic health and immunity. As Seaweed protein-based food ingredients are in high demand as compared to fast food and health drinks. Seaweeds consist of overall protein sources due to having all nine essential amino acids (EAAs) histidine, isoleucine, leucine, lysine, methionine, phenylalanine, threonine, tryptophan, and valine, which are crucial for protein synthesis, tissue repair, and nutrient absorption. As a result, these advantages of seaweed protein, in turn, increase the demand of the market among a large part of the population who have shifted toward a healthy lifestyle.


Asia Pacific Got Significant Share

Seaweed Protein Market

The Asia-Pacific region market is expected to experience progressive growth over the forecast period owing to increasing demand for seaweed protein mainly in food sectors. Also, its application has increased in various sectors such as personal care & cosmetics, pharmaceuticals industries, and many others. Moreover, rising initiatives and investments by seaweed manufacturers to deliver reasonably priced seaweed protein at reasonable prices. Furthermore, the presence of prominent players in this region will surely expect to expand the seaweed protein market globally.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The seaweed protein market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Seaweed Protein Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Asia Pacific region is expected to dominate the seaweed protein market over the forecasted period.

Key players’ profiles in the seaweed protein market report are are Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China), Qingdao Brightmoon Seaweed Co Group Co. Ltd (China), Cargill Incorporated (US)

The increasing usage of plant-based protein in food industries and growing consumer awareness regarding the health benefits of consuming seaweed products.


Report

Table Of Content

1. Executive Summary
2. Global Seaweed Protein Market Introduction
2.1. Global Seaweed Protein Market – Taxonomy
2.2. Global Seaweed Protein Market –Definitions
2.2.1. Source
2.2.2. Extraction Process
2.2.3. Application
3. Global Seaweed Protein Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Seaweed Protein Market Dynamic Factors – Impact Analysis
3.6. Global Seaweed Protein Market – Competition Landscape
4. Global Seaweed Protein Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Seaweed Protein Market, By Source, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Red Seaweed
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Brown Seaweed
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Green Seaweed
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Seaweed Protein Market, By Extraction Process, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Conventional Method
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Current Method
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Seaweed Protein Market Forecast, By Application,2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
7.1. Food
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Animal Feed and additive
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Personal Care and Cosmetics
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Seaweed Protein Market Forecast, By Region, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Seaweed Protein Market – Opportunity Analysis Index, By Source, Extraction Process, Application, and Region, 2022 – 2028
9. North America Seaweed Protein market analysis,2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
9.1. Source Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Red Seaweed
9.1.2. Brown Seaweed
9.1.3. Green Seaweed
9.2. Extraction Process Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Conventional Method
9.2.2. Current Method
9.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Food
9.3.2. Animal Feed and additive
9.3.3. Personal Care and Cosmetics
9.3.4. Others
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Seaweed Protein Market – Opportunity Analysis Index, By Source, Extraction Process, Application, and Country, 2022 – 2028
9.6. North America Seaweed Protein Market Dynamics – Trends
10. Europe Seaweed Protein Market Analysis, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
10.1. Source Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Red Seaweed
10.1.2. Brown Seaweed
10.1.3. Green Seaweed
10.2. Extraction Process Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Conventional Method
10.2.2. Current Method
10.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Food
10.3.2. Animal Feed and additive
10.3.3. Personal Care and Cosmetics
10.3.4. Others
10.4. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Seaweed Protein Market – Opportunity Analysis Index, By Source, Extraction Process, Application, and Country, 2022 – 2028
10.6. Europe Seaweed Protein Market Dynamics – Trends
11. Asia-Pacific Seaweed Protein Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Source Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Red Seaweed
11.1.2. Brown Seaweed
11.1.3. Green Seaweed
11.2. Extraction Process Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Conventional Method
11.2.2. Current Method
11.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Food
11.3.2. Animal Feed and additive
11.3.3. Personal Care and Cosmetics
11.3.4. Others
11.4. Country Analysis2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Seaweed Protein Market – Opportunity Analysis Index, By Source, Extraction Process, Application, and Country,2022 – 2028
11.6. Asia-Pacific Seaweed Protein Market Dynamics – Trends
12. Latin America Seaweed Protein Market Analysis,2017 – 2021 and Forecast, 2022–2028(Revenue, USD Mn)
12.1. Source Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Red Seaweed
12.1.2. Brown Seaweed
12.1.3. Green Seaweed
12.2. Extraction Process Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Conventional Method
12.2.2. Current Method
12.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Food
12.3.2. Animal Feed and additive
12.3.3. Personal Care and Cosmetics
12.3.4. Others
12.4. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Seaweed Protein Market – Opportunity Analysis Index, By Source, Extraction Process, Application, and Country, 2022 – 2028
12.6. Latin America Seaweed Protein Market Dynamics – Trends
13. Middle East and Africa Seaweed Protein Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Source Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Red Seaweed
13.1.2. Brown Seaweed
13.1.3. Green Seaweed
13.2. Extraction Process Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Conventional Method
13.2.2. Current Method
13.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Food
13.3.2. Animal Feed and additive
13.3.3. Personal Care and Cosmetics
13.3.4. Others
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Seaweed Protein Market – Opportunity Analysis Index, By Source, Extraction Process, Application, and Country, 2022 – 2028
13.6. MEA Seaweed Protein Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Algaia (France)
14.2.2.  Algea (Norway)
14.2.3.  Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China)
14.2.4.  Qingdao Brightmoon Seaweed Co Group Co. Ltd (China)
14.2.5.  Cargill Incorporated (US)
14.2.6.  Gelymar SA (Chile)
14.2.7.  Ceamsa (Spain)
14.2.8.  BASF (Germany)
14.2.9.  Irish Seaweed (Ireland)
14.2.10.  Dupont Nutrition and Biosciences (US)
14.2.11.  Compo Expert Group (Germany)
14.2.12. Beijing Leili Agricultural Co, Ltd (China)
14.2.13.  Groupe Roullier (France)
14.2.14.  Acadian Seaplants (Canada)
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Algaia (France)
  • Algea (Norway)
  • Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China)
  • Qingdao Brightmoon Seaweed Co Group Co. Ltd (China)
  • Cargill Incorporated (US)
  • Gelymar SA (Chile)
  • Ceamsa (Spain)
  • BASF (Germany)
  • Irish Seaweed (Ireland)
  • Dupont Nutrition and Biosciences (US)
  • Compo Expert Group (Germany)
  • Beijing Leili Agricultural Co, Ltd (China)
  • Groupe Roullier (France)
  • Acadian Seaplants (Canada)

Description

Seaweed Protein Market size is expected to be valued at USD 640.6 million in 2022 and is poised to grow at a significant CAGR of 14.4% over 2022–2028. Seaweed is the red, green, or brown marine algae that grow along seashores. Seaweeds are commonly anchored to the sea bottom or other solid supports by rootlike “holdfasts,” which execute the sole function of attachment and do not extract nutrients as do the roots of higher plants. Some seaweed species are edible, and many more are of commercial importance to humans. The primary growth of this market is by the growing health awareness among consumers. Also, Seaweed protein has observed massive demand due to the rising application of plant-based protein in food products such as plant-based meat, and plant-based protein supplements. The food and nutrition industries are focused on rising consumer preference for alternative protein sources by offering a personified experience to consume plant-based protein more sustainably. These factors also support to increase in the demand for seaweed proteins.  Apart from this, toxicity associated with the consumption of seaweed protein-based products, and the low concentration of amino acids in some seaweeds are the factors, which constrained the global market growth to some extent.   Increase in demand for natural ingredient-based products by a significant portion of consumers, and shifting toward plant-based proteins, the resultant market for plant protein components is rapidly expanding. This is expected to create lucrative opportunities among key players to provide varieties of seaweed-based food products at reasonable costs. Asia Pacific region is expected to lead the seaweed protein market over the forecasted period owing to continuous research and development in the seaweed sectors to find more applications of seaweed in various sectors.

Recent Market Developments:

In March 2022, Shiru, Inc., a food ingredient entrepreneur, and CP Kelco launched a new connection to help the transition to a more sustainable food system. Shiru’s “Hourish” platform will use accurate fermentation technology to find plant-based proteins, while CP Kelco will scale up these proteins using its fermentation capabilities and further confirm Shiru proteins in food prototypes.

In June 2021, CP Kelco opened a new global innovation center that will aid as an open environment for scientists and customers to collaborate on ingredient research, problem-solving, development, and pilot plant scale-up for food, beverage, home care, personal care, and other goods in Atlanta, Georgia.

ASIA PACIFIC OFFICE

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EUROPE OFFICE

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