Iceland Commercial Seaweed Market Size & Outlook
Iceland commercial seaweed market, 2018-2030 (US$M)
Related Markets
Iceland commercial seaweed market highlights
- The Iceland commercial seaweed market generated a revenue of USD 27.5 million in 2022 and is expected to reach USD 34.2 million by 2030.
- The Iceland market is expected to grow at a CAGR of 2.8% 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 27.5 million |
| Market revenue in 2030 | USD 34.2 million |
| Growth rate | 2.8% (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, Iceland accounted for 0.3% 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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Iceland 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 53.09% in 2022. Horizon Databook has segmented the Iceland commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Iceland 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 Iceland commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into Iceland commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Iceland commercial seaweed market size, by product, 2018-2030 (US$M)
Iceland Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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