China Commercial Seaweed Market Size & Outlook, 2022-2030
China commercial seaweed market, 2018-2030 (US$M)
Related Markets
China commercial seaweed market highlights
- The China commercial seaweed market generated a revenue of USD 5,420.6 million in 2022 and is expected to reach USD 6,492.8 million by 2030.
- The China 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.
Commercial seaweed market data book summary
| Market revenue in 2022 | USD 5,420.6 million |
| Market revenue in 2030 | USD 6,492.8 million |
| Growth rate | 2.3% (CAGR from 2022 to 2030) |
| Largest segment | Brown seaweeds |
| Fastest growing segment | Red seaweeds |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 53.7% of the global commercial seaweed market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China commercial seaweed market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,492.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 48.14% in 2022. Horizon Databook has segmented the China commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
Laminaria, Undaria, Porphyra, Gracilaria, Macrocystis, Gelidium, and Eucheuma are the most important commercial seaweeds in China. The most important seaweed in China is Laminaria, which has been artificially produced since 1952.
It is used as a raw material for alginated, iodine, and mannitol in the comprehensive utilization of the algae. Undaria is cultivated in Dalian and Qingdao and is used for feeding abalone while some of it is exported to Japan.
Porphyra, used in the extraction of agar & food, is mainly cultivated in the Fujian, Zhejiang, and Jiangsu provinces. In recent times, the kelp produced in China has been used in mariculture in the processing of synthetic feed.
Reasons to subscribe to China commercial seaweed market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China commercial seaweed market databook
-
Our clientele includes a mix of commercial seaweed market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into China commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China commercial seaweed market size, by product, 2018-2030 (US$M)
China Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
