Latin America Commercial Seaweed Market Size & Outlook
Latin America commercial seaweed market, 2018-2030 (US$M)
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Latin America commercial seaweed market highlights
- The Latin America commercial seaweed market generated a revenue of USD 153.9 million in 2022.
- The 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.
- Country-wise, Chile is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 153.9 million |
| Market revenue in 2030 | USD 185.0 million |
| Growth rate | 2.3% (CAGR from 2022 to 2030) |
| Largest segment | Brown seaweeds |
| Fastest growing segment | Red seaweeds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 1.5% of the global commercial seaweed market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 75.5 million by 2030.
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 49.25% in 2022. Horizon Databook has segmented the Latin America commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
Chile is a prominent producer of seaweeds in Central & South America. The country also has presence of a large number of seaweed and associated products manufacturers such as Gelymar, Seaweed Export Company SA, PASE CHILE, SEAWEED AMERICA, and others.
Besides, several South American countries including Brazil, Argentina, Chile, and others have a considerable stretch of coastline, which makes them prominent countries for seaweed cultivation or harvesting.
Therefore, presence of extensive seaweed cultivating as well as processing companies coupled with availability of significant coastline makes Central & South America a lucrative region for seaweed production.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America commercial seaweed market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America commercial seaweed market size, by country, 2018-2030 (US$M)
Latin America Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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