Introduction

Commercial seaweed, also known as marine algae, come in a variety of colors such as red, brown, and green. These commercial seaweed are shaped in the form of delicate fingers, broad leaves, and spheres. Commercial seaweed has been utilized around the world for many centuries, and was also considered to be a source of food in a few coastal communities.

Commercial seaweed is widely used in the food and beverage industry for its various hydrocolloid properties, and has various applications in industries such as pharmaceuticals, agricultural products, animal feed additives, and cosmetics & personal care.

Commercial seaweed has various types of macro and micro nutrients in it, such as magnesium, potassium, sodium, copper, zinc, calcium, sulfur, phosphorous, chlorine, and other nutrients. There are around 221 species of commercial seaweed present, from which, the red and brown commercial seaweed are extensively used. There are various types of commercial seaweed derivatives that are obtained, such as carrageenan, agar agar, and alginate. From these, carrageenan is the widely used commercial seaweed derivative in the food and beverage industry due to its various properties as a hydrocolloid.

The different sources of commercial seaweed analyzed in the report are:

• Red Seaweed
• Brown Seaweed
• Green Seaweed

The various forms of commercial seaweed analyzed in the report are:

• Powder
• Liquid
• Flakes

The various end uses of commercial seaweed analyzed in the report are:

• Food and Beverages
• Agricultural Products
• Animal Feed Additives
• Pharmaceuticals
• Others

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Increase in the Consumption of Processed Food Creates More Demand for Commercial Seaweed

• Commercial seaweed products such as carrageenan are widely used in the food and beverage industry as emulsifying and particle suspension agents, thickeners, stabilizers, and protein stabilizers in various types of processed food products such as chocolate milk, salad dressings, dairy products, ice cream, and sour cream. Commercial seaweed is majorly used as a substitute for gelatin-based food and beverage products, especially for the vegan population. Commercial seaweed is also widely used in food applications such as baked products, confectioneries, and beverages.

Thus, the increase in the usage of commercial seaweed in various processed and convenience food products is expected to boost the overall growth of the global commercial seaweed market with a high growth rate throughout the forecast period.

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Growing Use of Commercial Seaweed Products in Pharmaceutical Industry to Boost Commercial Seaweed Market Growth through 2028

• In recent years, commercial seaweed products have been widely used in pharmaceuticals for drug delivery systems. These commercial seaweed are used as an excipients in the pharmaceutical industry; as an extrusion aid for the production of pellets, as a matrix in oral extended tablets, and as a stabilizer/carrier in the nanoparticles and micro particles system. Moreover, commercial seaweed has special characteristics such as gelling agent and a strong negative charge.

Commercial seaweed has been used as a gelling agent or viscosity enhancing agent for the prolonged retention of drugs and for the controlled release of drugs. Commercial seaweed is also used for tissue regeneration with various therapeutic macromolecules, and is even used for cell delivery. Various other safety evaluation and potential applications of commercial seaweed are still expected to be under taken in the coming years.

• According to a research paper published by NCBI in March 2014, carrageenan – a red seaweed derivative, has various properties beneficial for the pharmaceutical industry, such as acting as a gelling agent in capsules.

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Various Nutritional and Digestive Health Benefits Associated with Commercial Seaweed are Expected to Boost Overall Market Growth

• Seaweed is famous in many parts of Asia, and is also a well-known source of food grade hydrocolloids such as carrageenan, agar agar, and alginate. In addition to the food value of commercial seaweed, there are various nutritional values and health benefits that have been reported to be present in seaweed products. It is presumed that, the distinct features of the aquatic environment where these commercial seaweed are grown is the major reason for their properties. In comparison with animal-based food products and terrestrial plants, commercial seaweed is rich in health-promoting molecules such as essential amino acids, ω-3 fatty acids, dietary fibers, and vitamins A, C, E, and B.
  • According to NCBI’s research paper on seaweed and its health benefits, the functional effects of its fibers and the nutritive value of commercial seaweed help promote the gut and digestive health of humans.

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Commercial Seaweed Cleared for Application in Infant Formula

• Manufacturers in developing countries can focus on increasing the production of commercial seaweed to cater to the rising demand for its application in infant food products. Increasing urban population and changes in consumer lifestyles are factors that are fuelling the demand for commercial seaweed-based infant formula products, especially among affluent customers.
  • In June 2015, the Joint Expert Committee on Food Additives released a technical report regarding the safety of carrageenan in infant formula.

Introduction of New Range of Sustainable Commercial Seaweed Products

• Manufacturers are using various blends of commercial seaweed in a variety of beverages. These new ranges contain sustainable commercial seaweed blends that offer consistent quality in various seaweed beverages.
  • In May 2015, Cargill introduced a new range of sustainable carrageenan – Satiagel ABN 500 – which is mainly sourced from farmed seaweed. This range of carrageenan can be used in various beverages, and offers numerous health benefits such as supporting the digestive system and managing stomach irritation.

Taxonomy of the Commercial seaweeds Market

The report also includes an outlook of the global food and beverage industry, major trends influencing the food and beverage industry, global trends in the food and beverage sector, an overview of the food additives industry, an overview of the pharmaceutical industry, an outlook of the personal care and cosmetics industry, and the perceived health benefits of commercial seaweed when included in food products.

The report also comprises a strategic overview, followed by a value chain analysis and key information of the prominent players operating in the global commercial seaweed market, along with a detailed competitive analysis. This information will give a thorough overview of the commercial seaweed market to the readers. The commercial seaweed market report also includes a market attractiveness analysis by source, form, end use, and region/country, along with absolute $ opportunity and incremental $ opportunity.

There is a year-on-year growth trend covered in the report for every sub-segment. The report also includes market structure, and a detailed comparison between multinational players and regional players in the commercial seaweed market.

During the study of the commercial seaweed market, our analysts observed that, commercial seaweed is largely preferred by manufacturers of food products such as bakery, dairy, confectionery, convenience food, and other such products. Certain types of commercial seaweed such as carrageenan, agar agar, and alginates are widely used in food products and the pharmaceutical industry for their binding and texturizing properties.

Carrageenan is a major type of commercial seaweed that is widely being used in the hydrocolloid industry. Commercial seaweed is available in various forms such as flakes, liquid, and powder.

The report states that, commercial seaweed finds large-scale application in the food and beverage industry, due to the increase in the demand for texturizers, and increase in the preference for Japanese-flavored food products in various countries. Commercial seaweed is expected to have increasing application in the pharmaceutical and personal care industries in the coming year, due to various health benefits.

The report also consists of the company profiles of prominent commercial seaweed manufacturers, and the revenue generated by these companies across five regions – Latin America, North America, APAC (Asia Pacific), Europe, and MEA (Middle Eastern and Africa). To evaluate the revenue of commercial seaweed manufacturers, the average price of commercial seaweed was obtained from various suppliers, manufacturers, distributors, and exporters through quotes. Key application segments of commercial seaweed were considered, and the dynamic ones were projected on the basis of feedback from different secondary sources and primary respondents.

Data points were collected and considered for the modelling approach, which includes the overview of the food industry, overview of the beverage industry, overview of the hydrocolloid industry, outlook of the pharmaceutical industry, overview of the animal feed industry, and the average purchase price of commercial seaweed. Assuming that currency rates remain constant during the forecast period, the commercial seaweed market value and volume were estimated.

The commercial seaweed market report also includes additional information such as opportunity pockets for the manufacturers of commercial seaweed, global economic outlook, perceived health benefits of commercial seaweed, key regulations in various regions, major trends in the food and beverage industry, an outlook of the food additives industry, forecast factors, and recent developments in the commercial seaweed market.

Various secondary and primary sources were consulted during the course of the study. Secondary sources include annual reports_bk_01_01_2020 of major companies, recent publications, Factiva, and Hoovers. The report also includes a detailed pricing analysis on the basis of product type for every region, and the trade scenario of commercial seaweed. The trade scenario includes the data of top exporters and importers in the commercial seaweed market.

The report includes a detailed and descriptive competition dashboard, which gives an overview of the companies that have been profiled. The regional presence of companies, revenue, product offerings, headquarters of companies, and the intensity of product types, ranging from high to low, are points that are mentioned in the competition dashboard.

A comprehensive competition analysis of the major companies in the commercial seaweed market has also been provided in the report. This will help readers evaluate long-term and short-term strategies, various product offerings, and recent developments in the commercial seaweed marketplace.

Some of the key players analyzed in the commercial seaweed market report are DowDuPont Inc., Kerry Group PLC, FMC Corporation, Cargill, Incorporated, Acadian Seaplants Limited, CP Kelco, Compañía Española de Algas Marinas S.A., Extractos Naturales Gelymar S.A., Ocean Harvest Technology Limited, Compagnie Financiere et de Participations Roullier S.A., W Hydrocolloids, Inc., Arthur Branwell & Co Ltd, Fuerst Day Lawson Limited, Marinalg International, Irish Seaweeds, Annie Chun's, Inc., Ocean Rainforest Sp/F, Qingdao Bright Moon Seaweed Group Co., Ltd., Maine Coast Sea Vegetables, and MARA SEAWEED, among other commercial seaweed manufacturers.