Indonesia Commercial Seaweed Market Size & Outlook
Indonesia commercial seaweed market, 2018-2030 (US$M)
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Indonesia commercial seaweed market highlights
- The Indonesia commercial seaweed market generated a revenue of USD 2,415.6 million in 2022 and is expected to reach USD 2,893.5 million by 2030.
- The Indonesia 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 2,415.6 million |
| Market revenue in 2030 | USD 2,893.5 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, Indonesia accounted for 23.9% 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.
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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Indonesia 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 51.12% in 2022. Horizon Databook has segmented the Indonesia commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
Indonesia consists of 17,000 islands spread over 61,000 kilometers of coastline and is the one of the largest producers of cultured seaweed in the world as of 2020. Unlike China’s production of seaweed, which is cultivated for human consumption, Indonesia has farming of Gracilaria spp, Kappaphycus spp, and Eucheuma spp, which are used for the extraction of agar and carrageenan.
The consumption of seaweed, however, is relatively low in the area and much of it is exported to countries like the Philippines, China, Chile, and other Asian markets. However, seaweed is largely consumed for the extraction of carrageenan, which is then exported to countries like the U.S. Japan, and the European Union.
The agar processing industry is expected to witness high growth in Indonesia despite having a lower output than carrageenan. Agar from Indonesia has high potential to compete in the global market and has a strong foothold in the domestic market.
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Target buyers of Indonesia 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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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 Indonesia commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia commercial seaweed market size, by product, 2018-2030 (US$M)
Indonesia Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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