The global seaweed protein market is projected to garner $1,512 million by 2030, growing from $550.4 million in 2021, at a healthy CAGR of 11.6% during the forecast period.
Seaweed protein contains the amino acids glycine, glutamic, arginine, proline, alanine, and aspartic. Essential Amino Acids (EAAs) make up more than half of all amino acids in algae, and their protein composition is similar to that of egg protein. Food, human meals, cosmetics, fertilizers, industrial gums, and chemicals are all made using seaweed. These products can be used to create long- and short-chain molecules for medical and industrial purposes.
Owing to increasing popularity of plant-based foods, the global seaweed protein industry is quickly developing. Furthermore, people are consuming more natural food, and seaweeds are helpful because they are rich in minerals, vitamins, and micronutrients, all of which contribute to excellent health. As a result of all of these factors, the global seaweed protein market is developing. Consumers have made substantial dietary modifications as a result of the rising emphasis on holistic health and immunity. Minerals, vitamins, immunity-boosting meals, organic products, supplements, and other nutritional supplements are all gaining popularity. Though the COVID-19 epidemic has brought attention to the importance of immunity, it is generally understood that having a healthy immune system helps to lower the likelihood and severity of diseases and infections. Seaweed protein-based food additives are in great demand in convenience foods and health drinks due to rising customer demand for alternative protein sources.
The seaweed extraction process involves physical procedures such as water treatment and potter homogenization, as well as osmotic stress and high shear force. Proteins can be extracted from a variety of seaweeds similar to palmaria palmata, porphyra, sargassum vulgare, and ulva fasciata. Among all other traditional ways of extracting seaweed protein, enzymatic hydrolysis has dominated the seaweed market.
Consumer preferences are changing from animal proteins to plant-based proteins, owing to the demand for plant protein products is increasing. Rising customers' preferences for plant-based supplements are anticipated to drive revenue growth of the global seaweed protein market. Seaweeds are rich in macronutrients such as proteins and lipids, as well as micronutrients such as vitamins and minerals, dietary fiber, and minor elements such as polyphenols.
Farmers are ignoring the process of extracting seaweed from plants which is a major barrier to the market for seaweed protein. The ecosystem of sea and coast may be negatively impacted due to seaweed collection. Wild seaweeds are high in arsenic and mercury contents that are harmful if consumed. Consuming a rotted seaweed product can result in vomiting, diarrhea, and others. The market expansion for seaweed protein may be hampered due to these issues.
During the post COVID-19 pandemic, the global market for seaweed protein is expected to expand slowly. Furthermore, as China is one of the main producers and suppliers of seaweed, they were unable to deliver their products owing to industrial shutdowns, travel bans, and border restrictions. As a result of the supply chain bottleneck, the total seaweed protein market has been impacted, and demand for seaweed protein has decreased as a result. Moreover, various investigations and research projects are underway to uncover the potential of seaweed in the fight against COVID-19. According to a study published in 2020, seaweed extract may be useful in neutralizing the effects of COVID-19, which is caused by the virus SARS-CoV-2. These factors are expected to create lucrative investment opportunities in the market during the forecast period. During the projected period, these factors are expected to generate profitable investment opportunities in the market. On February 2020, Cargill disclosed its first seaweed powder offering with the WavePur ADG, which is recognized as a traditional food ingredient. Seaweed powder offering from an organoleptic perspective powder include marine ingredients as they were developed to accentuate smooth and creamy textures in dairy products.
Some of the leading seaweed protein market major players CP Kelco, Cargill, Incorporated, Qingdao Gather Great Ocean Algae Industry Group CO. LTD, Mara Seaweed, ASL, Irish Seaweeds, AtSeaNova, ALGAIA, Seasol, and Maine Coast Sea Vegetables.
Seaweed protein contains the amino acids glycine, glutamic, arginine, proline, alanine, and aspartic. Essential Amino Acids (EAAs) make up more than half of all amino acids in algae, and their protein composition is similar to that of egg protein. Food, human meals, cosmetics, fertilizers, industrial gums, and chemicals are all made using seaweed. These products can be used to create long- and short-chain molecules for medical and industrial purposes.
Owing to increasing popularity of plant-based foods, the global seaweed protein industry is quickly developing. Furthermore, people are consuming more natural food, and seaweeds are helpful because they are rich in minerals, vitamins, and micronutrients, all of which contribute to excellent health. As a result of all of these factors, the global seaweed protein market is developing. Consumers have made substantial dietary modifications as a result of the rising emphasis on holistic health and immunity. Minerals, vitamins, immunity-boosting meals, organic products, supplements, and other nutritional supplements are all gaining popularity. Though the COVID-19 epidemic has brought attention to the importance of immunity, it is generally understood that having a healthy immune system helps to lower the likelihood and severity of diseases and infections. Seaweed protein-based food additives are in great demand in convenience foods and health drinks due to rising customer demand for alternative protein sources.
The seaweed extraction process involves physical procedures such as water treatment and potter homogenization, as well as osmotic stress and high shear force. Proteins can be extracted from a variety of seaweeds similar to palmaria palmata, porphyra, sargassum vulgare, and ulva fasciata. Among all other traditional ways of extracting seaweed protein, enzymatic hydrolysis has dominated the seaweed market.
Consumer preferences are changing from animal proteins to plant-based proteins, owing to the demand for plant protein products is increasing. Rising customers' preferences for plant-based supplements are anticipated to drive revenue growth of the global seaweed protein market. Seaweeds are rich in macronutrients such as proteins and lipids, as well as micronutrients such as vitamins and minerals, dietary fiber, and minor elements such as polyphenols.
Farmers are ignoring the process of extracting seaweed from plants which is a major barrier to the market for seaweed protein. The ecosystem of sea and coast may be negatively impacted due to seaweed collection. Wild seaweeds are high in arsenic and mercury contents that are harmful if consumed. Consuming a rotted seaweed product can result in vomiting, diarrhea, and others. The market expansion for seaweed protein may be hampered due to these issues.
During the post COVID-19 pandemic, the global market for seaweed protein is expected to expand slowly. Furthermore, as China is one of the main producers and suppliers of seaweed, they were unable to deliver their products owing to industrial shutdowns, travel bans, and border restrictions. As a result of the supply chain bottleneck, the total seaweed protein market has been impacted, and demand for seaweed protein has decreased as a result. Moreover, various investigations and research projects are underway to uncover the potential of seaweed in the fight against COVID-19. According to a study published in 2020, seaweed extract may be useful in neutralizing the effects of COVID-19, which is caused by the virus SARS-CoV-2. These factors are expected to create lucrative investment opportunities in the market during the forecast period. During the projected period, these factors are expected to generate profitable investment opportunities in the market. On February 2020, Cargill disclosed its first seaweed powder offering with the WavePur ADG, which is recognized as a traditional food ingredient. Seaweed powder offering from an organoleptic perspective powder include marine ingredients as they were developed to accentuate smooth and creamy textures in dairy products.
Some of the leading seaweed protein market major players CP Kelco, Cargill, Incorporated, Qingdao Gather Great Ocean Algae Industry Group CO. LTD, Mara Seaweed, ASL, Irish Seaweeds, AtSeaNova, ALGAIA, Seasol, and Maine Coast Sea Vegetables.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the seaweed protein market analysis from 2021 to 2030 to identify the prevailing seaweed protein market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the seaweed protein market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global seaweed protein market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
- Red
- Brown
- Green
By Application
- Food
- Animal Feed and Additives
- Cosmetics and Personal Care
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players
- cp kelco
- cargill
- Qingdao Gather Great Ocean Algae Industry Group Co Ltd
- Mara Seaweed
- acadian seaplants
- Irish Seaweed
- Atseanova
- algaia
- seasol international pty ltd
- Maine Coast Sea Vegetables
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SEAWEED PROTEIN MARKET, BY SOURCE
CHAPTER 5: SEAWEED PROTEIN MARKET, BY APPLICATION
CHAPTER 6: SEAWEED PROTEIN MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Seaweed Protein Market," the seaweed protein market was valued at $550.40 million in 2021, and is estimated to reach $1.51 billion by 2030, growing at a CAGR of 11.6% from 2022 to 2030.Proline, glycine, alanine, glutamic, arginine, and aspartic acids are among the amino acids present in seaweed protein. These amino acids are beneficial for human health. According to research, red seaweeds have a high protein content, green seaweeds have a moderate protein content, and brown seaweeds have a low protein content. Seaweed protein is gaining demand as a more cost-effective and alternative source of protein for human and animal nutrition. The seaweed protein market growth is being aided by an increase in the occurrence of health diseases, increased understanding of healthy eating habits, and an increase in health and fitness awareness. Consumers are more conscious regarding their nutritional consumption, benefits of physical activity, and importance of eating food that suits the body's nutritional needs. These trends are anticipated to boost revenue growth the seaweed protein market size in the upcoming years.
Seaweed protein is mostly used in animal feed due to nutrients included in it such as vitamin A, B1, B2, E, K, and C. Consuming seaweeds such as spirulina and chlorella, contain all of the essential amino acids. Moreover, seaweed ensures that consumer gets full range of amino acids. Seaweed can also act as a good source of omega-3 fats. It is used in the development of aquaculture feed, monogastric cattle feed, ruminant feed, and others. Cattle's overall health and growth rate is improved as a result of consuming seaweed protein. Development of this market is fuelled by increased livestock industrialization, rising meat consumption, and increased need for nutritious feed.
Seaweed farming is more expensive than land farming, which is projected to hinder the global market expansion. Also, excessive consumption of seaweed can cause health problems due to presence of toxic minerals. Therefore, all such factors are anticipated to hamper the seaweed protein market share during the forecast period.
Increased use of seaweed in dietary supplements due to its nutritional worth, flavor-enhancing capabilities, and weight-loss properties has driven seaweed protein demand. Seaweeds also have a high concentration of bioactive compounds, antioxidants, and antibacterial properties, making them appropriate for a number of medicinal uses. In addition, new uses for seaweed have raised demand in recent years. In the textile business, it is used as a thickener, and in agriculture, it is used to improve soil quality. the above mentioned factors are anticipated to propell the seaweed protein market opportunities over the forecast period.
The market is segmented on the basis of type, application, and region. By type, the market is classified as red, brown, and green. By application, it is classified as food, animal feed & additives, cosmetics & personal care, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the seaweed protein market include CP Kelco, Cargill, Incorporated, Qingdao Gather Great Ocean Algae Industry Group CO. LTD, Mara Seaweed, ASL, Irish Seaweeds, AtSeaNova, ALGAIA, Seasol, and Maine Coast Sea Vegetables.
Impact of COVID-19 on the Global Seaweed Protein Industry
- The COVID-19 pandemic had a negative impact on the global market. Due to increasing prevalence of coronavirus, several industries including agriculture, food, and others were completely closed. As of result of this, demand for seaweed protein was significantly reduced. The market has faced a negative impact during the epidemic.
- COVID-19 hampered industrial processes and disrupted the supply chain, affecting almost every industry. Due to a lack of workers, most businesses had ceased operations during the pandemic. As a result of COVID-19's impact on the global seaweed protein market demand was reduced significantly.
- COVID-19 had a lower impact on certain countries such as Japan, due to people's lifestyles and food patterns, which included a seaweed-rich diet. Seaweed consumption provides a variety of nutrients such as proteins, minerals, carbohydrates, water, and iodine. It also acts as an anti-inflammatory, antiviral, and antioxidant, and has prebiotic properties. According to the aforementioned considerations and analyses, the pandemic could create significant investment opportunities and seaweed protein market trends in the near future.
Key Findings of the Study
- On the basis of type, the red sub-segment was the fastest growing in the base year and is predicted to have a dominating share in the global market during the forecast period
- On the basis of application, the food sub-segment was the fastest growing in the base year and the animal feed & additives sub-segment is projected to have dominating share in the global market during the forecast period
- On the basis of region, North America region is projected to remain the fastest-growing region during the forecast period. Asia-Pacific region is projected to have a dominating market share by 2030.
- In depth study is conducted to understand the seaweed protein market analysis.
- Major countries in each region are mapped according to their revenue contribution to the global seaweed protein market forecast.
Companies Mentioned
- Cp Kelco
- Cargill
- Qingdao Gather Great Ocean Algae Industry Group Co Ltd
- Mara Seaweed
- Acadian Seaplants
- Irish Seaweed
- Atseanova
- Algaia
- Seasol International Pty Ltd
- Maine Coast Sea Vegetables
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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