Press Releases

The market growth of seaweed protein industry is expected to grow significantly at a CAGR of 15.5% during the forecast period owing to increased use of seaweeds in non-food applications like pharmaceutical, nutraceutical, cosmetic, animal feed, biofertilizer/biostimulants, bio-packaging, textile fibres, carbon capture or sequestration, and biofuels.  This will serve as the primary impetus for R&D on more effective strategies for protein extraction from seaweed. Moreover, the increased adoption of seaweed as a dietary supplement owing to its nutritional worth, weight-loss properties, and flavor-improving qualities along with rising awareness among consumers about health and fitness will drive market growth for the global seaweed protein industry. Furthermore, increased application of plant-based protein in food products such as plant-based meat and plant-based protein supplements will drive market growth. Also, the rising demand for alternative protein sources from convenience foods and health drinks will spur the growth of this market during the forecast period. Nevertheless, seaweed is valued for its high protein content, benefits for gut health, and high nutrient and vitamin content. Thus, several R&D facilities opined on the numerous benefits of consuming seaweed, and as a result, a large number of businesses are making efforts to introduce seaweed in multiple formats in order to contribute to the growth during the forecast period.

In August 2022, BASF Venture Capital, the corporate venture company of German ingredients giant BASF, and Dutch investment fund Aqua-Spark are investing in Sea6 Energy as part of a Series B round. The Bangalore, India-based company is a market leader in the production and processing of tropical red seaweed, and its existing investors include Tata Capital Innovations Fund. Sea6 Energy's Series B transaction will total INR1,402m (US$18.5m) if BASF and Aqua-Spark invest. Red seaweed biomass grows quickly and can be used as a gelling ingredient in the cosmetics and food industries. It is also used in animal feed and crop protection products, and Sea6 Energy is researching the development of red seaweed-based bioplastics and biofuels.

Bowse 53 market data Tables and 35 Figures spread through 210 Pages and in-depth TOC on "Seaweed Protein Market by Source (Red Seaweed, Brown Seaweed, and Green Seaweed), by Extraction Method (Advanced and Conventional), by Application (Food, Animal Feed & Additives, Pharmaceutical & Nutraceuticals, Personal Care & Cosmetics, and Others), and Region - Global Forecast to 2030

By Source, Red Seaweed segment will witness the largest market growth during the forecast period.

The red seaweed segment dominates the global seaweed protein market due to the increased consumption of red seaweeds in Asian countries with sauces, salads, meals, and soups. Moreover, red seaweed has a high level of protein, and high nutritional value, and can be used in several applications. Red seaweed, which is high in dietary fiber, can improve blood circulation, control blood sugar levels, and lower harmful cholesterol levels. It's also high in calcium and magnesium, which aid in bone health, and is an antioxidant, which boost the immune system and nourishes the skin.

Global Seaweed Protein Market Segmentation Analysis

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“Asia-Pacific is expected to witness the largest growth in the global Seaweed Protein Market.”

APAC is anticipated to contribute the largest share in the global seaweed protein market owing to surge in market demand from the food sector, increased initiatives by seaweed producers to offer affordable seaweed ports, rising adoption of commercial types of algae in traditional cuisines in countries like China, Japan, and Vietnam, and surge in market demand for plant-based cosmetics and personal care products, thereby bolstering the market advancement of seaweed protein industry in the region.

Some of the major players in the global Seaweed Protein industry include CP Kelco U.S., Inc., Cargill, Incorporated, Gelymar, ALGAIA, MARA SEAWEED, Irish Seaweeds, AtSeaNova, Seasol, BASF SE, and Ceamsa.

Scope of the Report

Global Seaweed Protein Market Coverage

Source Insight and Forecast 2018-2030

• Red Seaweed
• Green Seaweed
• Brown Seaweed

Extraction Method Insight and Forecast 2018-2030

• Advanced
• Conventional

Application Insight and Forecast 2018-2030

• Food
• Animal Feed & Additives
• Pharmaceutical & Nutraceuticals
• Personal Care & Cosmetics
• Others

Geographical Segmentation

Seaweed Protein Market by Region

North America

• By Source
• By Extraction Method
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Source
• By Extraction Method
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Source
• By Extraction Method
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Source
• By Extraction Method
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries