France Commercial Seaweed Market Size & Outlook, 2022-2030
France commercial seaweed market, 2018-2030 (US$M)
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France commercial seaweed market highlights
- The France commercial seaweed market generated a revenue of USD 127.1 million in 2022 and is expected to reach USD 162.9 million by 2030.
- The France market is expected to grow at a CAGR of 3.2% 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.
Commercial seaweed market data book summary
| Market revenue in 2022 | USD 127.1 million |
| Market revenue in 2030 | USD 162.9 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Red 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, France accounted for 1.3% 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 Europe, Norway commercial seaweed market is projected to lead the regional market in terms of revenue in 2030.
- Ireland is the fastest growing regional market in Europe and is projected to reach USD 65.8 million by 2030.
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 55.7% in 2022. Horizon Databook has segmented the France commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
France is rich in natural resources pertaining to seaweed. In Europe, France has seen the highest growth in seaweed production from wild harvest over the past decade. The country is known to mainly produce agar-containing seaweeds and carrageenan-containing seaweeds.
France has a rich history of marine aquatic plant farming compared to other European countries and shows high growth prospects in the commercial seaweed market over the forecast period. In 2018, France was the second-leading importer of commercial seaweed for human consumption.
The country imported 3.30 metric tons (3 tonnes) of commercial seaweed, which came from Chile, Peru, and Ireland, and was marked by important players such as Solgar France and Indigo Herbs. Around 75% of total imported seaweed in France comes from extra-EU trade, which has made France an attractive market for suppliers from developing countries to target French buyers.
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Horizon Databook provides a detailed overview of country-level data and insights on the France commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into France commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France commercial seaweed market size, by product, 2018-2030 (US$M)
France Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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