Ireland Commercial Seaweed Market Size & Outlook
Ireland commercial seaweed market, 2018-2030 (US$M)
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Ireland commercial seaweed market highlights
- The Ireland commercial seaweed market generated a revenue of USD 49.9 million in 2022 and is expected to reach USD 65.8 million by 2030.
- The Ireland market is expected to grow at a CAGR of 3.5% 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 49.9 million |
| Market revenue in 2030 | USD 65.8 million |
| Growth rate | 3.5% (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, Ireland accounted for 0.5% 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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Ireland 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 52.91% in 2022. Horizon Databook has segmented the Ireland commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
Ireland has a long history with seaweed as the carrageen hydrocolloid is known in the country since 1810. Edible seaweeds have therefore been widely consumed in the region as dried, fresh, or ingredients in prepared food items.
All algae contain a natural nontoxic colloidal substance with polysaccharide biochemical structure that has been used as gel in the food industry. The byproducts of seaweed, such as alginate and agar, are widely used in pharmaceutical, cosmetic, and food applications.
The applications for seaweed are expanding, for instance, a kelp species called Saccharina latissimi is cultivated in Ireland which is used for the production of bioplastics. Many of the seaweed species found are rare and obscure and known to very few experts worldwide.
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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 country-level data and insights on the Ireland commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into Ireland commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Ireland commercial seaweed market size, by product, 2018-2030 (US$M)
Ireland Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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