Global Seaweed Extract Market, By Form [Powder, Liquid, Flakes], By Type [Red, Green, Brown Algae], By Application [Agriculture, Feed, Pharmaceuticals, Food Industry, Cosmetics, Others], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2014-2027

Market Overview

Global Seaweed Extract Market is expected to grow significantly during the forecasted period of 2020-27 due to increasing applications in agriculture and growing consumer awareness.

Seaweed extracts are an essential mixture extracted from red, green and brown algae by alkaline abstraction. They are multicellular, macroscopic and marine algae found in oceans and seas. They are increasingly used in agriculture for fertilizers and biostimulants. Seaweeds are filled with nutrients and minerals like iron, calcium, vitamin K, omega 3 fatty acids. It is found that seaweeds have health benefits like lowering cholesterol levels. The growing awareness among consumers and its wide applications in agriculture induces the growth of the seaweed extract market.

However, lack of awareness among farmers and environmental concerns are hindering the growth of the Global Seaweed Extract Market.

Market Segmentation

Global Seaweed Extract Market can be segmented into Type, Application, and Region.

By Type, Global Seaweed Extract Market can be segmented into Red, Green, Brown Algae. The Red segment holds the largest market share due to its wide application in the food industry and the increasing demand for carrageenan and algae.

By Form, Global Seaweed Extract Market can be segmented into Powder, Liquid, Flakes. The liquid segment holds the largest market share due to its high demand in the pharmaceutical and agriculture industries. The Flakes segment is expected to grow significantly during the forecasted period due to its growing usage in edible products such as snacks.

By Application, Global Seaweed Extract Market can be segmented into Agriculture, Feed, Pharmaceuticals, Food Industry, Cosmetics, Others. The agriculture segment holds the largest market share due to its use in horticulture, fertilizers, and pesticides. The food industry is expected to grow significantly in the coming years due to its nutrition and growing awareness among people. 

By Region, Global Seaweed Extract Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

 Regional Analysis

Regionally, Asia pacific Seaweed Extract Market accounts for the major share due to its large share of agriculture and horticulture. Countries like India which predominantly has an agriculture-based economy has plans to increase the seaweed extracts market.

North America Seaweed Extract Market is expected to grow significantly due to the growing use of seaweed extracts in the food and cosmetics industry. The US has engaged in various research and development activities to explore Seaweed Extract products. 

Competitor Analysis

The key players in Global Seaweed Extract Market are Aveeno Active Naturals, Suboneyo Chemicals Pharmaceuticals, Saosis Biotech, Arihant Bio Fertichem, Indigrow, AJ Products, Ocean Harvest, Chase Organics and Alganet.