Mexico Commercial Seaweed Market Size & Outlook, 2022-2030
Mexico commercial seaweed market, 2018-2030 (US$M)
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Mexico commercial seaweed market highlights
- The Mexico commercial seaweed market generated a revenue of USD 18.3 million in 2022 and is expected to reach USD 25.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.1% 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 18.3 million |
| Market revenue in 2030 | USD 25.4 million |
| Growth rate | 4.1% (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, Mexico accounted for 0.2% 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 North America, Canada commercial seaweed market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16.9 million by 2030.
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 54.64% in 2022. Horizon Databook has segmented the Mexico commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
Seaweed farming is a labor-intensive activity as it demands a large number of laborers to undertake seeding, harvesting, and drying. Mexico has a significantly lower cost of labor and land as compared to the U.S. and Canada.
In addition, the availability of free trade agreements such as T-MEC within the region is likely to attract seaweed farming and seaweed processing companies in the country. The availability of considerable coastline is also expected to attract commercial seaweed farming companies in Mexico in the coming years.
Improved consumer lifestyles and a surge in working women population are projected to have a positive impact on the consumption of personal and beauty grooming products in Mexico. In line with the trend in the rest of the world, Mexican consumers are also increasingly opting for environment-friendly or plant-based personal care products.
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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 country-level data and insights on the Mexico commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into Mexico commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico commercial seaweed market size, by product, 2018-2030 (US$M)
Mexico Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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