The North America Commercial Seaweed Market would witness market growth of 11.2% CAGR during the forecast period (2021-2027).
Red seaweeds are gaining popularity among people across the world. The ability of red seaweeds to control blood sugar levels and reduce bad cholesterol is one of its main advantages. It is also rich in antioxidants and helps to strengthen the immune system while also nourishing the skin. These factors are increasing the utilization of red seaweeds in the food & beverage industry. Agar, carrageenan, and alginate are seaweed extracts that have a wide variety of functions in the dairy sector. These extracts can be found in cheese, creams, pastries, ice creams, dairy powder, and dairy drinks, functioning as a thickening and gelling agent. Alginates are also utilized as stabilizers in milk drinks, such as chocolate milk, in order to increase their viscosity.
According to the National Oceanic and Atmospheric Administration of the US Department of Commerce, seaweed cultivation, in the US, is the fastest-growing aquaculture. According to the data shared by the organization, in 2019, Alaska produced more than 112,000 pounds of ribbon, sugar, and bull kelp. In addition, this production is increased by 200% from 2017. Further, North America’s largest kelp farm is situated in southeastern Alaska.
Moreover, Carrageenan, which is extracted from red seaweed, is a product that is majorly being exported by the United States. Carrageenan accounts for more than 94% of the total seaweed exports of the country. In addition, the consumption of seaweed is also increasing in the region due to the rising awareness of people about its benefits. Moreover, according to the Center for Disease Control and Prevention, the number of patients with diabetes is increasing across the US.
The US market dominated the North America Commercial Seaweed Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,404.4 million by 2027. The Canada market is exhibiting a CAGR of 13.7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 12.7% during (2021 - 2027).
Based on Product, the market is segmented into Red Seaweed, Brown Seaweed, and Green Seaweed. Based on Application, the market is segmented into Human Consumption, Agriculture Animal Feed, and Others. Based on Form, the market is segmented into Liquid, Powdered, and Flakes. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Commercial Seaweed Market is Estimated to reach $31 Billion by 2027, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Groupe Roullier, Brandt, Inc., Acadian Seaplants Limited, Indigrow Ltd., COMPO Group, Seasol International Pty Ltd., Gelymar SA (Algina Inversiones SA), Cargill Corporation, and Biostadt India Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Red Seaweed
- Brown Seaweed
- Green Seaweed
By Application
- Human Consumption
- Agriculture
- Animal Feed
- Others
By Form
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- DuPont de Nemours, Inc.
- Groupe Roullier
- Brandt, Inc.
- Acadian Seaplants Limited
- Indigrow Ltd.
- COMPO Group
- Seasol International Pty Ltd.
- Gelymar SA (Algina Inversiones SA)
- Cargill Corporation
- Biostadt India Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Commercial Seaweed Market, by Product
1.4.2 North America Commercial Seaweed Market, by Application
1.4.3 North America Commercial Seaweed Market, by Form
1.4.4 North America Commercial Seaweed Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Commercial Seaweed Market by Product
3.1 North America Red Seaweed Market by Country
3.2 North America Brown Seaweed Market by Country
3.3 North America Green Seaweed Market by Country
Chapter 4. North America Commercial Seaweed Market by Application
4.1 North America Human Consumption Market by Country
4.2 North America Agriculture Market by Country
4.3 North America Animal Feed Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Commercial Seaweed Market by Form
5.1 North America Liquid Market by Country
5.2 North America Powdered Market by Country
5.3 North America Flakes Market by Country
Chapter 6. North America Commercial Seaweed Market by Country
6.1 US Commercial Seaweed Market
6.1.1 US Commercial Seaweed Market by Product
6.1.2 US Commercial Seaweed Market by Application
6.1.3 US Commercial Seaweed Market by Form
6.2 Canada Commercial Seaweed Market
6.2.1 Canada Commercial Seaweed Market by Product
6.2.2 Canada Commercial Seaweed Market by Application
6.2.3 Canada Commercial Seaweed Market by Form
6.3 Mexico Commercial Seaweed Market
6.3.1 Mexico Commercial Seaweed Market by Product
6.3.2 Mexico Commercial Seaweed Market by Application
6.3.3 Mexico Commercial Seaweed Market by Form
6.4 Rest of North America Commercial Seaweed Market
6.4.1 Rest of North America Commercial Seaweed Market by Product
6.4.2 Rest of North America Commercial Seaweed Market by Application
6.4.3 Rest of North America Commercial Seaweed Market by Form
Chapter 7. Company Profiles
7.1 DuPont de Nemours, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.2 Groupe Roullier
7.2.1 Company Overview
7.3 Brandt, Inc.
7.3.1 Company Overview
7.4 Acadian Seaplants Limited
7.4.1 Company Overview
7.5 Indigrow Ltd.
7.5.1 Company Overview
7.6 COMPO Group
7.6.1 Company Overview
7.7 Seasol International Pty Ltd.
7.7.1 Company Overview
7.8 Gelymar SA (Algina Inversiones SA)
7.8.1 Company Overview
7.9 Cargill Corporation
7.9.1 Company Overview
7.9.2 Recent Strategies and Development
7.9.2.1 Product Launches and Product Expansions:
7.10. Biostadt India Ltd.
7.10.1 Company Overview
TABLE 1 North America Commercial Seaweed Market, 2017 - 2020, USD Million
TABLE 2 North America Commercial Seaweed Market, 2021 - 2027, USD Million
TABLE 3 North America Commercial Seaweed Market by Product, 2017 - 2020, USD Million
TABLE 4 North America Commercial Seaweed Market by Product, 2021 - 2027, USD Million
TABLE 5 North America Red Seaweed Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Red Seaweed Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Brown Seaweed Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Brown Seaweed Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Green Seaweed Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Green Seaweed Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Commercial Seaweed Market by Application, 2017 - 2020, USD Million
TABLE 12 North America Commercial Seaweed Market by Application, 2021 - 2027, USD Million
TABLE 13 North America Human Consumption Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Human Consumption Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Agriculture Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Agriculture Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Animal Feed Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Animal Feed Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Commercial Seaweed Market by Form, 2017 - 2020, USD Million
TABLE 22 North America Commercial Seaweed Market by Form, 2021 - 2027, USD Million
TABLE 23 North America Liquid Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Liquid Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Powdered Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Powdered Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Flakes Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Flakes Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Commercial Seaweed Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Commercial Seaweed Market by Country, 2021 - 2027, USD Million
TABLE 31 US Commercial Seaweed Market, 2017 - 2020, USD Million
TABLE 32 US Commercial Seaweed Market, 2021 - 2027, USD Million
TABLE 33 US Commercial Seaweed Market by Product, 2017 - 2020, USD Million
TABLE 34 US Commercial Seaweed Market by Product, 2021 - 2027, USD Million
TABLE 35 US Commercial Seaweed Market by Application, 2017 - 2020, USD Million
TABLE 36 US Commercial Seaweed Market by Application, 2021 - 2027, USD Million
TABLE 37 US Commercial Seaweed Market by Form, 2017 - 2020, USD Million
TABLE 38 US Commercial Seaweed Market by Form, 2021 - 2027, USD Million
TABLE 39 Canada Commercial Seaweed Market, 2017 - 2020, USD Million
TABLE 40 Canada Commercial Seaweed Market, 2021 - 2027, USD Million
TABLE 41 Canada Commercial Seaweed Market by Product, 2017 - 2020, USD Million
TABLE 42 Canada Commercial Seaweed Market by Product, 2021 - 2027, USD Million
TABLE 43 Canada Commercial Seaweed Market by Application, 2017 - 2020, USD Million
TABLE 44 Canada Commercial Seaweed Market by Application, 2021 - 2027, USD Million
TABLE 45 Canada Commercial Seaweed Market by Form, 2017 - 2020, USD Million
TABLE 46 Canada Commercial Seaweed Market by Form, 2021 - 2027, USD Million
TABLE 47 Mexico Commercial Seaweed Market, 2017 - 2020, USD Million
TABLE 48 Mexico Commercial Seaweed Market, 2021 - 2027, USD Million
TABLE 49 Mexico Commercial Seaweed Market by Product, 2017 - 2020, USD Million
TABLE 50 Mexico Commercial Seaweed Market by Product, 2021 - 2027, USD Million
TABLE 51 Mexico Commercial Seaweed Market by Application, 2017 - 2020, USD Million
TABLE 52 Mexico Commercial Seaweed Market by Application, 2021 - 2027, USD Million
TABLE 53 Mexico Commercial Seaweed Market by Form, 2017 - 2020, USD Million
TABLE 54 Mexico Commercial Seaweed Market by Form, 2021 - 2027, USD Million
TABLE 55 Rest of North America Commercial Seaweed Market, 2017 - 2020, USD Million
TABLE 56 Rest of North America Commercial Seaweed Market, 2021 - 2027, USD Million
TABLE 57 Rest of North America Commercial Seaweed Market by Product, 2017 - 2020, USD Million
TABLE 58 Rest of North America Commercial Seaweed Market by Product, 2021 - 2027, USD Million
TABLE 59 Rest of North America Commercial Seaweed Market by Application, 2017 - 2020, USD Million
TABLE 60 Rest of North America Commercial Seaweed Market by Application, 2021 - 2027, USD Million
TABLE 61 Rest of North America Commercial Seaweed Market by Form, 2017 - 2020, USD Million
TABLE 62 Rest of North America Commercial Seaweed Market by Form, 2021 - 2027, USD Million
TABLE 63 Key Information –DuPont de Nemours, Inc.
TABLE 64 key information – Groupe Roullier
TABLE 65 Key Information – Brandt, Inc.
TABLE 66 Key Information – Acadian Seaplants Limited
TABLE 67 Key Information – Indigrow Ltd.
TABLE 68 Key information – COMPO Group
TABLE 69 key information – Seasol International Pty Ltd.
TABLE 70 Key Information – Gelymar SA
TABLE 71 Key Information – Cargill Corporation
TABLE 72 Key Information – Biostadt India Ltd.
List of Figures
FIG 1 Methodology for the research