Report Id: SNS/F&B/1362 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Commercial Seaweed Market size is assessed to be esteemed at USD 21.03 billion by 2022 and is projected to arrive at USD 52.78 billion by 2030, recording a CAGR of 12.2% during the conjecture time frame, regarding esteem.
Seaweed is an umbrella term for a gathering of multi-cell, plainly visible, and marine green growth, which are found in different shades of red, green, and brown. They might be molded as fragile fingers, circles, or wide leaves, or may look like an organic product. Even though seaweed has been eaten for quite a long time as a critical wellspring of food, they are overall progressively utilized on a business level. They track down broad applications in the food and refreshments area for their hydrocolloid properties alongside a few applications in different ventures, including beauty care products, individual consideration, creature feed, added substances, agribusiness, and drugs.
Seaweed used as manure upholds the horticultural business by improving the result in restricted cultivable land to satisfy the developing food need. Since manageable farming practices are being prevented because of an enormous decrease in soil ripeness, there is a popularity for successful manures for expanded yield and food security. This thus will uphold commercial seaweed market extension during the assessment timetable.
Commercial seaweed has different kinds of full scale and miniature supplements in it, like magnesium, potassium, sodium, copper, zinc, calcium, sulfur, phosphorous, chlorine, and different supplements. There are around 221 types of commercial seaweed present, from which, the red and earthy colored commercial seaweed are broadly utilized. There are different kinds of commercial seaweed subsidiaries that are gotten, like carrageenan, agar, and alginate. From these, carrageenan is the broadly involved commercial seaweed subordinate in the food and refreshment industry because of its different properties as a hydrocolloid.
Ascend in seaweed cultivating rehearses impelled by worldwide interest.
Higher utilization of red ocean growth in the food business
Regular disasters prevent the creation of seaweed.
Inordinate utilization of kelp concentrates and the presence of harmful minerals prompt well-being concerns.
Expansion in mechanical turns of events.
The interest for top-notch and normal enhancements.
Harmfulness is related to the utilization of seaweed.
Expanding water contamination because of the blending of harmful material synthetic substances and plastic from modern effluents.
Impact of Covid-19:
In 2020, the worldwide emergency covid19 has impacted the commercial seaweed market. Because of the conclusion of a few assembling units in this fragment, creation has diminished. As indicated by the United Nations industrial commercial organization, the pandemic has straightforwardly impacted seaweed ranchers as interest in unrefined components has diminished and costs have fallen. The cost of for the most part sending out cotton seaweed, utilized for creating carrageenan (an added substance used to thicken, emulsify, and safeguard food varieties and beverages), has declined by practically half since the exchange with China, which is the greatest product market. Further, many perceived associations in the area of medical care, for example, the world health organization have expressed that seaweed can battle covid. This has changed the purchaser's view of the seaweed and has expanded the interest in it at the same time.
Given the type, the market is bifurcated into brown seaweeds, green seaweeds, and red seaweeds. The red seaweed fragment is supposed to hold the biggest piece of the pie. The variables can be credited to their amazing practical traits, fluctuated application scope, and simple accessibility.
In light of application, the market is bifurcated into agriculture, feed, food, and others. Dairy items are anticipated to hold the main CAGR in the gauge period as seaweed extricates are utilized as a thickening and gelling specialist in items, for example, cheddar, creams, pastries, frozen yogurts, dairy powder, and dairy drinks.
In light of form, the market is bifurcated into flakes, liquid, and powder. The chips are expected to hold the biggest piece of the pie. The elements can be credited for their developing use as salt substitutes and preparing specialists.
Key Market Segmentation:
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
The rest of Latin America
Given local investigation, the global commercial seaweeds market is grouped into north America, Europe, Asia Pacific, and the rest of the world. The biggest offer in the market will be overwhelmed by the Asia pacific attributable to the huge scope creation and homegrown utilization of palatable seaweed around here.
Major key players included are Roullier group, biostadt India limited, compo gmbh & co. Kg, Acadian Sea plants limited, gelymar SA, Brandt consolidated, inc., season international pty. Ltd., cp kelco., west coast marine bio-processing corp., leili group.
|Market Size in 2022||US$ 21.03 Billion|
|Market Size by 2030||US$ 52.78 Billion|
|CAGR||CAGR 12.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by product (brown seaweeds, red seaweeds, green seaweeds)
• by Form (Liquid, Powdered, Flakes)
• by application (Agriculture, Animal feed, Human consumption, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Roullier group, biostadt India limited, compo gmbh & co. Kg, Acadian Sea plants limited, gelymar SA, Brandt consolidated, inc., season international pty. Ltd., cp kelco., west coast marine bio-processing corp., leili group.|
|Key Drivers||•Ascend in seaweed cultivating rehearses impelled by worldwide interest.|
|Restraints||•Regular disasters prevent the creation of seaweed.|
Frequently Asked Questions (FAQ) :
Ans: Red Seaweed is the main segment in this market.
Ans: Regular disasters prevent the creation of seaweed and harmfulness is related to the utilization of seaweed are the restrains/challenges faced by the Commercial seaweed market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: Product, Application, and Form segments are covered in the Commercial seaweed Market.
Ans: The seaweed commercial market size is assessed to be esteemed recording a CAGR of 12.2% during the conjecture time frame.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
3. Market dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Commercial seaweed market segmentation, by product
8.1 Brown Seaweeds
8.2 Red Seaweeds
8.3 Green Seaweeds
9. commercial seaweed market segmentation, by application
9.2 Animal Feed
9.3 Human Consumption
10. Commercial seaweed market, by form
11. Commercial seaweed market, by region/ country
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Roullier Group
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Biostadt India Limited
12.3 Compo Gmbh & Co. Kg
12.4 Acadian Seaplants Limited
12.5 Gelymar Sa
12.6 Brandt Consolidated, Inc.
12.7 Seasol International Pty. Ltd.
12.8 Cp Kelco.
12.9 West Coast Marine Bio-Processing Corp.
12.10 Leili Group
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Commercials
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.