North America Commercial Seaweed Market Size & Outlook
North America commercial seaweed market, 2018-2030 (US$M)
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North America commercial seaweed market highlights
- The North America commercial seaweed market generated a revenue of USD 64.4 million in 2022.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 64.4 million |
| Market revenue in 2030 | USD 89.1 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Red 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, North America region accounted for 0.6% 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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North 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.
Red seaweeds was the largest segment with a revenue share of 53.88% in 2022. Horizon Databook has segmented the North America commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
North America has a limited presence of large-scale seaweed processers owing to the strong competition from Asian countries such as China and Indonesia. However, seaweed cultivation is rapidly growing in the coastal parts of the U.S. and Canada, which is expected to increase the seaweed processing in the region over the forecast period.
Moreover, North America has the ability to provide high-quality seaweed in terms of nutrients and health value owing to water quality regulations. This factor is likely to expand the presence of seaweed processing companies in the region.
Red seaweeds accounted for the largest share in commercial seaweeds market of North America in 2019. The extensive utilization of red seaweed-based thickeners and stabilizers in food and non-food applications is mainly attributed to the highest share of the segment in 2019.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America commercial seaweed market , including forecasts for subscribers. This continent databook contains high-level insights into North America commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America commercial seaweed market size, by country, 2018-2030 (US$M)
North America Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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