South Africa Commercial Seaweed Market Size & Outlook
South Africa commercial seaweed market, 2018-2030 (US$M)
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South Africa commercial seaweed market highlights
- The South Africa commercial seaweed market generated a revenue of USD 5.7 million in 2022 and is expected to reach USD 8.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.6% 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 5.7 million |
| Market revenue in 2030 | USD 8.2 million |
| Growth rate | 4.6% (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, South Africa accounted for 0.1% 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 Middle East & Africa, South Africa commercial seaweed market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8.2 million by 2030.
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 49.12% in 2022. Horizon Databook has segmented the South Africa commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is a significant market as it is involved in agricultural activities ranging from mixed farming and intensive crop production, Farmers prefer bio-simulant products and fertilizer, that offer high crop productivity to fulfill the growing demand for agricultural produce in the country Commercial seaweed-based biostimulant is a natural fertilizer, which fuels the growth and productivity of crops.
Growing preference for organic farming leads demand for seaweed –based biostimulant in the country. South Africa is projected to account for a high product demand over the coming years owing to rising popularity of luxury cosmetics, abundant availability of raw materials, and growing consumer interest in personal care products.
Innovative compositions derived from the existing seaweed hydrocolloids are anticipated to provide numerous growth opportunities for personal care & cosmetics companies in the region. The country is characterized by the presence of major manufacturers such as Algaia and Ceamsa that are involved in the manufacturing of advanced 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 South Africa commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into South Africa commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa commercial seaweed market size, by product, 2018-2030 (US$M)
South Africa Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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