Asia Pacific Commercial Seaweed Market Size & Outlook
Asia Pacific commercial seaweed market, 2018-2030 (US$M)
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Asia Pacific commercial seaweed market highlights
- The Asia Pacific commercial seaweed market generated a revenue of USD 9,246.0 million in 2022.
- The market is expected to grow at a CAGR of 2.3% from 2023 to 2030.
- In terms of segment, brown seaweeds was the largest revenue generating product in 2022.
- Red seaweeds is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 9,246.0 million |
| Market revenue in 2030 | USD 11,067.6 million |
| Growth rate | 2.3% (CAGR from 2022 to 2030) |
| Largest segment | Brown seaweeds |
| Fastest growing segment | Red seaweeds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brown seaweeds, Red seaweeds, Green seaweeds |
| Key market players worldwide | Cargill, DuPont de Nemours Inc, CP Kelco, Trevena Inc, Groupe Roullier, Biostadt, Compo, Acadian Seaplants, Gelymar, BRANDT, Seasol International, West Coast Marine-Bio Processing Corp, Bejing Leili, Indigrow |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 91.6% of the global commercial seaweed market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 75.5 million by 2030.
Key Regions: Japan , U.S. , UK , China , South Korea
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific commercial seaweed market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial seaweed market will help companies and investors design strategic landscapes.
Brown seaweeds was the largest segment with a revenue share of 49.28% in 2022. Horizon Databook has segmented the Asia Pacific commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific has been a significant region for the commercial seaweeds market as it has been a part of traditional diets and cuisines since a long time. Japan is a leading importer of raw seaweed in Asia Pacific, where most of it comes from South Korea.
A significant part of this is used for local consumption and in the seaweed processing industry. Over 21 seaweed species are used for consumption in Japan on a daily basis. The market in Indonesia is expanding as the country exports large quantities of seaweed extracts.
The local consumers in Asia Pacific have been more open to the consumption of seaweed as it has traditionally been a part of diets in the region. However, there is an increasing trend of health-conscious consumers who are opting for seaweed for its nutritional capabilities.
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Target buyers of Asia Pacific commercial seaweed market databook
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Our clientele includes a mix of commercial seaweed market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific commercial seaweed market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific commercial seaweed market size, by country, 2018-2030 (US$M)
Asia Pacific Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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