Europe Commercial Seaweed Market Size & Outlook, 2022-2030
Europe commercial seaweed market, 2018-2030 (US$M)
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Europe commercial seaweed market highlights
- The Europe commercial seaweed market generated a revenue of USD 573.1 million in 2022.
- The market is expected to grow at a CAGR of 3% from 2023 to 2030.
- In terms of segment, red 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, Ireland is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 573.1 million |
| Market revenue in 2030 | USD 727.7 million |
| Growth rate | 3% (CAGR from 2022 to 2030) |
| Largest segment | Red 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, Europe region accounted for 5.7% 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.
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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.
Red seaweeds was the largest segment with a revenue share of 51.96% in 2022. Horizon Databook has segmented the Europe commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for edible seaweeds can be traced back to many decades and has shown a growing trend over time. During the recent years, the demand for commercial seaweeds was boosted due to expansion of seaweed as an ingredient into numerous applications other than food and animal feed. However, food & beverages remain its most prominent application.
Due to the innovative and booming food & beverage industry in Europe, the demand for commercial seaweed has grown resulting in increased imports of seaweed for human consumption in many European countries.
Most of these imports are signified by the extra-EU trade, as European seaweed farmers and harvesting companies lack the required production capabilities to meet the demand. Seaweed has become increasingly popular among European consumers as it heeds to the environment and health consciousness among European populace.
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Our clientele includes a mix of commercial seaweed market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe commercial seaweed market , including forecasts for subscribers. This continent databook contains high-level insights into Europe commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe commercial seaweed market size, by country, 2018-2030 (US$M)
Europe Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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