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Seaweed, also termed as macro-algae, belongs to several species of macroscopic, multicellular, marine algae. It is secreted into three broad groups based on pigmentation, which include red, brown, and green seaweed. The major utilization of these seaweeds as food and food ingredients is in Asia-Pacific, particularly in China, Indonesia, Philippines, Korea, and Japan where seaweed cultivation has developed into a huge industry. Seaweed farming is becoming an increasingly competitive market for food and related products across the globe.
Asia Pacific seaweed market is growing at lightning pace owing to flourishing food & beverages industry. Increasing seaweed cultivation practices supported by government policies will drive the seaweed production by 2027. Continuous growth in seaweed demand for food processing applications is attributed to multiple nutritional benefits. Moreover, rising consumption of seaweeds as an organic fertilizers in agricultural sector will propel the industry growth.
The report analyses Asia Pacific seaweed market based on product, application and geography.
Brown seaweed, red seaweed and green seaweed are the major types of seaweed available in the market. Red seaweed is anticipated to emerge as the largest product segment and is projected to grow at the fastest growth rate over the forecast period owing to its use in food applications and extraction of agar and carrageenan hydrocolloids. These seaweeds are red in color due to larger amount of red phycoblin pigments than green chlorophyll pigments. Rising consumption of red seaweeds as a food source and for food processing applications will support segment penetration over the forecast period.
The market finds major application in agriculture, animal feed, human consumption and others. The human consumption segment is expected to account for the majority of the global market share, and it is anticipated to grow at the fastest CAGR over the forecast period. Rising population and alertness regarding healthy eating practices along with augmented disposable income are some of the reasons driving the segment growth.
Geographically, the Asia Pacific seaweed market is studied across the countries of China, India, Japan and Rest of the Asia Pacific. The consumption of commercial seaweed as food can be traced back to the 4th century in Japan and the 6th century in China. Today, China, Japan, and South Korea are the leading consumers of the product.
The major players involved in this market are BiostadtIndia Limited, SeasolInternational Pty. Ltd., Chase Organics GB Limited, among others.
The report analyses Asia Pacific seaweed market based on product, application and geography. Brown seaweed, red seaweed and green seaweed are the major types of seaweed available in the market. The market finds major application in agriculture, animal feed, human consumption and others. Geographically, this market is segmented into China, Japan, India and Rest of the Asia Pacific. China is likely to emerge as the largest market and is anticipated to develop further at an abrupt rate over the coming years.
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