Global Seaweed Cultivation Market Growth Analysis 2024, Forecast To 2033
23 Feb, 2024
The seaweed cultivation market has experienced significant growth, rising from $20.02 billion in 2023 to $22.62 billion in 2024, with a 13.0% CAGR. This growth is attributed to the increasing demand for healthy food, recognizing the nutritional value of seaweed, and a focus on environmental sustainability and cultural consumption. Anticipating continued growth, the market is projected to reach $36.25 billion by 2028, driven by expanding applications, climate change awareness, global culinary trends, and government support. Key trends include product diversification, technological advancements, increased collaboration, rising popularity of seaweed farming, and innovative marketing strategies.
Global Seaweed Cultivation Market Key Driver
The seaweed cultivation market is expected to grow as seaweed farming practices gain popularity. Seaweed farming is considered a cost-effective method that enhances the standard of living for coastal residents. The U.S. Department of Agriculture projects a total fish production of approximately 2.2 million metric tons in 2021, with seaweed cultivation contributing to this overall production. The rise in seaweed farming practices is driving the growth of the seaweed cultivation market.
Get A Free Sample Of The Global Seaweed Cultivation Market ReportGlobal Seaweed Cultivation Market Segments
The seaweed cultivation market covered in this report is segmented –
1)By Type: Red Seaweeds, Brown Seaweeds, Green Seaweeds
2)By Form: Seaweed Flakes, Seaweed Powder, Liquid Seaweed, Seaweed Sheets
3)By Method Of Harvesting: Aquaculture, Wild Harvesting
4)By Application: Animal Feed Industry, Agriculture, Pharmaceuticals, Other Application
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the seaweed cultivation market in 2023. The regions covered in the seaweed cultivation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Seaweed Cultivation Industry Players
Acadian Seaplants Limited; Cargill Incorporated; E. I. du Pont de Nemours and Company; Irish Seaweeds; Beijing Leili Marine Bioindustry Inc.; Roullier Group; Seasol International Pty Ltd; CP Kelco US Inc.; Gelymar SA; Qingdao Gather Great Ocean Algae Industry Group Co. Ltd.; Ocean Harvest Technology Limited; Mara Seaweed; Algaia S. A.; Compo Expert GmbH; Seasol International; CEAMSA; Atseanova; Ocean Rainforest; Seaweed Energy Solutions AS; Blue Ocean Mariculture; Ocean Approved LLC; Maine Fresh Sea Farms; Atlantic Sea Farms; Cascadia Seaweed; GreenWave; Oceanium; Sea6 Energy; Sea Forest; The Cornish Seaweed Company; The Scottish Seaweed Company
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Seaweed Cultivation Market Overview
Seaweed cultivation refers to the process of growing algae and other marine based species. In order to grow, seaweed farms consume nutrients and carbon dioxide. Such farms can contribute to bettering water quality and mitigating the consequences of ocean acidification in the neighbourhood.
Seaweed Cultivation Global Market Report 2023 provides data on the global seaweed cultivation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The seaweed cultivation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.