Seaweed Protein Market Sales, Demand, Share, Revenue and Future Growth 2032

Seaweed Protein Market Size- By Source, By Extraction Process, By Application, By Form - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Seaweed Protein Market Size- By Source, By Extraction Process, By Application, By Form - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Published: Dec 2022 Report ID: FOOD2232 Pages: 1 - 246 Formats*:     
Category : Food & Beverages
Global Seaweed Protein Market Overview:

According to SPER Market Research, the Global Seaweed Protein Market is estimated to reach USD 2.23 billion by 2032 with a CAGR of 14.33%.

Seaweeds are a type of marine algae which are a rich source of protein. They are basically of three types-red, green and brown. The Global Seaweed Protein Market has grown rapidly in the past few years and is expected to maintain its momentum and keep on growing. The major factor driving the growth of this market is the increasing health care and self-care awareness among consumers.  As a result of the rising emphasis on holistic health and immunity, there is an increasing desire among customers for alternate protein sources. Seaweeds are considered to be complete protein sources as they contain all nine essential amino acids which are an essential part of protein synthesis, tissue repair and nutrient absorption which makes seaweed a great alternate protein source. The increased demand of customers for natural-based ingredients products is another major factor contributing to the market growth. Consumers have started shifting from animal proteins to plant-based proteins hence leading to the expansion of the market for plant protein components.

Seaweed is not only a rich source of protein but it also contains micronutrients such as vitamins and minerals, dietary fibers, antioxidants, antibacterial and antiviral components. The wide range of biomolecules present in seaweed makes it applicable in various industries like nutraceuticals, cosmetics, functional foods, medicines, animal feed, etc. By Source the red seaweed is expected to hold the largest market share in the forecast period. The high level of protein content and their fibrous composition assist in regulating blood circulation and blood flow throughout the body, managing blood sugar levels and lowering the excessive cholesterol level in the body. These advantages provided by the red seaweed are responsible for their rising demand in the food and pharmaceutical industries. The conventional extraction methods are the ones commonly used for extracting proteins from seaweeds such as Palmana palmata, Ula fasciata, Sargassum vulgare, and Porphyra sp. 

Impact of COVID-19 on the Global Seaweed Protein Market 
COVID-19 pandemic has had a significant level of impact on the Global Seaweed Protein Market  worldwide. The outlook for economic progress across most of the countries seems to be positive. The impact can be presented through three scenarios; Low growth: in this scenario economic recovery will be slow; there will be supply chain disruption and weak consumer demand, Medium growth: the economic growth will be fast and consumer demand will grow moderately but there will still be disruption in supply chain, and High growth: the economic growth will be fast, no supply chain disruption anymore and strong consumer demand.



Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Source, By Extraction Process, By Application, By Form
 Regions coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredAlgaia, Algea, ALGAplus, Arctic Company, Baoji Earay Bio-Tech Co., Ltd, Brightmoon Seaweed Co Group Co. Ltd, CP Kelco U.S.,Inc., Cargill Incorporated, Green Rise Agro Industries, MYCSA Ag, Inc., Ocean rainfore, Qingdao Gather Great Ocean Algae Industry Group Co, Ltd, Qingdao Brightmoon Seaweed Co Group Co. Ltd, Rongcheng Jingyi Ocean Technology Co., Ltd., Seaweed & Co., Shore Seaweed, Sar Agrochemicals & Fertilizers Pvt. Ltd., Thorverk hf., VietDelta Ltd
Global Seaweed Protein Market Segmentation:

By Source: Based on the Source, Global Seaweed Protein Market  is segmented as; Red seaweeds (Red seaweed-derived proteins are largely used in salads, snacks, and sushi, Porphyra supplement, Palmaria palmata), Brown seaweeds (Rich in aspartic and glutamic amino acids, Laminaria supplement., Undaria pinnatifida, Fucus vesiculosus), Green seaweeds (Emerging use of green seaweeds in the processed food industry, Ulva supplement, Enteromorpha supplement).

By Extraction Process: Based on the Extraction Process, Global Seaweed Protein Market is segmented as; Conventional method (Physical processes, Enzymatic hydrolysis, Chemical extraction), Current method (Ultrasound-assisted extraction, Pulsed electric field, Microwave-assisted extraction).

By Application: Based on the Application, Global Seaweed Protein Market is segmented as; Food (Increase in application of seaweed protein as a functional ingredient in processed food), Animal feed and additives (Protein extracted from red and green seaweeds is a source of feed for ruminants), Personal care and cosmetics (Seaweed protein is used as a source for producing skin care products), Other applications.

By Form: 
Based on the Form, Global Seaweed Protein Market is segmented as; Dry form (Powder, Flakes, Other forms), Liquid form.

By Region: Asia-Pacific is expected to hold the largest share of the seaweed market in the forecasted period, followed by Europe and North America. The U.S. populace is becoming more interested in seaweeds due to their abundance in micronutrients, vitamins, and minerals, all of which promote excellent health. Major firms are also looking for strategic alliances and partnerships to assist them expand the reach of their products on the worldwide market.
1.Introduction
1.1. Scope of the report
1.2. Market segment analysis

2.Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3.Executive Summary

4.Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Seaweed Protein Market  

5.Market variables and outlook
5.1 Swot analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2  Pestel analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3 Porter’s five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4 Heat map analysis

6.Global Seaweed Protein Market, By Source, 2019-2032 (USD Million)
6.1 Red seaweeds
6.1.1 Red seaweed-derived proteins are largely used in salads, snacks, and sushi
6.1.2 Porphyra supplement
6.1.3 Palmaria palmata
6.2 Brown seaweeds
6.2.1 Rich in aspartic and glutamic amino acids
6.2.2 Laminaria supplement
6.2.3 Undaria pinnatifida
6.2.4 Fucus vesiculosus
6.3 Green seaweeds
6.3.1 Emerging use of green seaweeds in the processed food industry
6.3.2 Ulva supplement
6.3.3 Enteromorpha supplement

7.Global Seaweed Protein Market, By Extraction Process, 2019-2032 (USD Million)
7.1 Conventional method
7.1.1 Physical processes
7.1.2 Enzymatic hydrolysis
7.1.3 Chemical extraction
7.2 Current method
7.2.1 Ultrasound-assisted extraction (UAE)
7.2.2 Pulsed electric field (PEF)
7.2.3 Microwave-assisted extraction (MAE)

8.Global Seaweed Protein Market, By Application, 2019-2032 (USD Million)
8.1 Food
8.1.1 Increase in application of seaweed protein as a functional ingredient in processed food
8.2 Animal feed and additives
8.2.1 Protein extracted from red and green seaweeds is a source of feed for ruminants
8.3 Personal care and cosmetics
8.3.1 Seaweed protein is used as a source for producing skin care products
8.4 Other applications

9.Global Seaweed Protein Market, By Form, 2019-2032 (USD Million)
9.1 Dry form
9.1.1 Powder
9.1.2 Flakes
9.1.3 Other forms
9.2 Liquid form

10. Global Seaweed Protein Market, By Region, 2019-2032 (USD Million)
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 United Kingdom
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Rest of South America
10.5 Middle East & Africa
10.5.1 Kingdom of Saudi Arabia 
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa

11. Company Profiles
11.1 Algaia
11.1.1 Company details 
11.1.2 Financial outlook
11.1.3 Product summary 
11.1.4 Recent developments

11.2 Algea 
11.2.1 Company details 
11.2.2 Financial outlook
11.2.3 Product summary 
11.2.4 Recent developments

11.3 ALGAplus
11.3.1 Company details 
11.3.2 Financial outlook
11.3.3 Product summary 
11.3.4 Recent developments

11.4 Arctic Company 
11.4.1 Company details 
11.4.2 Financial outlook
11.4.3 Product summary 
11.4.4 Recent developments

11.5 Baoji Earay Bio-Tech Co., Ltd 
11.5.1 Company details 
11.5.2 Financial outlook
11.5.3 Product summary 
11.5.4 Recent developments

11.6 Brightmoon Seaweed Co Group Co. Ltd
11.6.1 Company details 
11.6.2 Financial outlook
11.6.3 Product summary 
11.6.4 Recent developments

11.7 CP Kelco U.S.,Inc.
11.7.1 Company details 
11.7.2 Financial outlook
11.7.3 Product summary 
11.7.4 Recent developments

11.8 Cargill Incorporated
11.8.1 Company details 
11.8.2 Financial outlook
11.8.3 Product summary 
11.8.4 Recent developments

11.9 Green Rise Agro Industries
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments

11.10 MYCSA Ag, Inc.
11.10.1 Company details 
11.10.2 Financial outlook
11.10.3 Product summary 
11.10.4 Recent developments

11.11 Ocean rainforest
11.11.1 Company details 
11.11.2 Financial outlook
11.11.3 Product summary 
11.11.4 Recent developments

11.12 Qingdao Gather Great Ocean Algae Industry Group Co, Ltd
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments

11.13 Qingdao Brightmoon Seaweed Co Group Co. Ltd
11.13.1 Company details
11.13.2 Financial outlook
11.13.3 Product summary
11.13.4 Recent developments

11.14 Rongcheng Jingyi Ocean Technology Co., Ltd.
11.14.1 Company detail
11.14.2 Financial outlook
11.14.3 Product summary
11.14.4 Recent developments

11.15 Seaweed & Co.
11.15.1 Company details
11.15.2 Financial outlook
11.15.3 Product summary
11.15.4 Recent developments

11.16 Shore Seaweed
11.16.1 Company details
11.16.2 Financial outlook
11.16.3 Product summary
11.16.4 Recent development

11.17 Sar Agrochemicals & Fertilizers Pvt. Ltd. 
11.17.1 Company details
11.17.2 Financial outlook
11.17.3 Product summary
11.17.4 Recent development

11.18 Thorverk hf.
11.18.1 Company details
11.18.2 Financial outlook
11.18.3 Product summary
11.18.4 Recent development

11.19 VietDelta Ltd.
11.19.1 Company details
11.19.2 Financial outlook
11.19.3 Product summary
11.19.4 Recent development

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The key players in the market include Companies Covered Algaia, Algea, ALGAplus, Arctic Company, Baoji Earay Bio-Tech Co., Ltd, Brightmoon Seaweed Co Group Co. Ltd, CP Kelco U.S.,Inc., Cargill Incorporated, Green Rise Agro Industries, MYCSA Ag, Inc., Ocean rainfore, Qingdao Gather Great Ocean Algae Industry Group Co, Ltd, Qingdao Brightmoon Seaweed Co Group Co. Ltd, Rongcheng Jingyi Ocean Technology Co., Ltd., Seaweed & Co., Shore Seaweed, Sar Agrochemicals & Fertilizers Pvt. Ltd., Thorverk hf., VietDelta Ltd.
The Seaweed Protein Market is projected to reach USD 2.23 billion by 2032, growing at a CAGR of 14.33% during the forecast period.
The Seaweed Protein Market grew in market size from 2021. The Market is expected to reach USD 2.23 billion by 2032, at a CAGR of 14.33% during the forecast period.
The Seaweed Protein Market CAGR of 14.33% during the forecast period.
You can get the sample pages by clicking the link -Click Here
The Seaweed Protein Market size is USD 2.23 billion from 2022 to 2032.
The Seaweed Protein Market segment is Covered By Source, By Extraction Process, By Application, By Form.
The North America and Europe region is anticipated to have the highest market share in the Seaweed Protein Market.
The Global Seaweed Protein Market has grown rapidly in the past few years and is expected to maintain its momentum and keep on growing. The major factor driving the growth of this market is the increasing health care and self-care awareness among consumers.
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