Seaweed Protein Market Size Worth $1,407.41 Million By 2032 | CAGR: 11.3%

The global seaweed protein market size is expected to reach USD 1,407.41 million by 2032, according to a new study by Polaris Market Research. The report “Seaweed Protein Market Share, Size, Trends, Industry Analysis Report, By Source (Red Seaweed, Green Seaweed, Brown Seaweed); By Mode of Application; By Extraction Process; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Consumption of more nutrient-dense foods is driving the growth of the seaweed protein market. As consumers become more health-conscious, they are seeking out foods that are high in nutrients and low in calories. Seaweed is a nutrient-dense food that is rich in vitamins, minerals, and antioxidants. The consumption of more nutrient-dense foods has rapidly increased, particularly in rich nations' protein intake.

Almost 1 Bn people can’t afford nutritious meals. By 2050, it is anticipated that the rise in the demand for the protein will have doubled (Pam et al., 2020). The rapid increase in the consumption of nutrient-dense foods is also driven by the rise of chronic diseases such as obesity, diabetes, and heart disease. These diseases are often linked to poor diets, and many consumers are turning to healthier food options to improve their health.

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The increase in global seaweed production is expected to fuel the growth of the seaweed protein market. Seaweed has long been used as a food source in many cultures, particularly in Asia. However, in recent years, the demand for seaweed has increased globally due to its many nutritional and environmental benefits.

According to estimates from the Food and Agriculture Organization, the global production of seaweed increased from 44 in 1996 to 51.3% in 2018. Around 90% of the world's total seaweed production is produced in nations including the Philippines, Vietnam, China, Japan, the United Kingdom, Spain, Norway, and France. Seaweed production is also carried out in other nations, such as Ireland, Canada, the United States, and New Zealand (Fleurence, 2016; Chopin and Tacon, 2020). This will further fuel the growth of the market in upcoming years.

Seaweed Protein Market Report Highlights

• Red Seaweed is anticipated to grow at fastest rate due to increasing demand for plant-based protein and its versatility.
• Food segment accounted for the largest market share owing to the rising demand for plant-based products and favorable regulatory environment.
• Conventional method segment is projected to hold a significant revenue share due to the robust supply chain and infrastructure.
• North America is expected to hold largest revenue share owing to the increasing investments in seaweed farming and growing awareness of the health benefits of the seaweed.
• The global players include CP Kelco, Algea, Qingdao Brightmoon Seaweed, Cargill, Gelymar, Ceamsa, BASF, Irish Seaweed, Dupont Nutrition and Biosciences, Compo Expert, Beijing Leili Agricultural, Groupe Roullier, and Acadian Seaplants.

Polaris Market Research has segmented the seaweed protein market report based on source, mode of application, extraction process and region:

Seaweed Protein, Source Outlook (Revenue - USD Million, 2019 - 2032)

• Red Seaweed
• Green Seaweed
• Brown Seaweed

Seaweed Protein, Mode of Application Outlook (Revenue - USD Million, 2019 - 2032)

• Food
• Animal Feed & Additives
• Personal Care & Cosmetics

Seaweed Protein, Extraction Process Outlook (Revenue - USD Million, 2019 - 2032)

• Conventional Method
• Current Method

Seaweed Protein, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa