Japan Commercial Seaweed Market Size & Outlook, 2022-2030
Japan commercial seaweed market, 2018-2030 (US$M)
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Japan commercial seaweed market highlights
- The Japan commercial seaweed market generated a revenue of USD 124.6 million in 2022 and is expected to reach USD 134.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 1% 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 124.6 million |
| Market revenue in 2030 | USD 134.9 million |
| Growth rate | 1% (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, Japan accounted for 1.2% 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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Japan 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 48.15% in 2022. Horizon Databook has segmented the Japan commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
Traditionally, seaweed has been an important part of the Japanese cuisine, therefore, most of the seaweed, produced or imported, is used for human consumption. Japan has been one of the largest importers of seaweed in the world.
Approximately 35-40% of the total seaweed consumed in Japan is imported from other countries, mainly China. Hizikia, Porphyra spp, and Laminaria are available in dried forms, whereas Undaria spp is found in salted and boiled forms in the Japanese market.
Japanese delicacy Sushi, which is consumed widely across the country uses thin dark seaweed called Nori, which is wrapped around the rice ball. The seaweeds are, therefore, high-value and irreplaceable products in the Japanese market.
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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 Japan commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into Japan commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan commercial seaweed market size, by product, 2018-2030 (US$M)
Japan Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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