UK Commercial Seaweed Market Size & Outlook, 2022-2030
UK commercial seaweed market, 2018-2030 (US$M)
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UK commercial seaweed market highlights
- The UK commercial seaweed market generated a revenue of USD 4.9 million in 2022 and is expected to reach USD 6.1 million by 2030.
- The UK market is expected to grow at a CAGR of 2.9% 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 4.9 million |
| Market revenue in 2030 | USD 6.1 million |
| Growth rate | 2.9% (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
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Norway commercial seaweed market is projected to lead the regional market in terms of revenue in 2030.
- Ireland is the fastest growing regional market in Europe and is projected to reach USD 65.8 million by 2030.
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Commercial Seaweed Market Scope
Commercial Seaweed Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 53.06% in 2022. Horizon Databook has segmented the UK commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
The UK has a long history of seaweed production as wild seaweed has been harvested for centuries in the region for fertilizers, animal feed, and food. However, the farming of commercial seaweed is comparatively recent.
The recent developments in algal biofuel technologies have led to an increase in the production of commercial seaweed and overall seaweed aquaculture. Moreover, seaweeds have high polysaccharide content, fast growth rates, and high productivity, all of which are essential to produce biomass for biofuels.
The UK also has an extensive coastline which enables the country to expand the production of seaweed beyond the current levels through farming. The increasing demand for seaweed and insufficient supply for the same has paved a way for greater opportunities for seaweed production in the UK.
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Target buyers of UK commercial seaweed market databook
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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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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 UK commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into UK commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK commercial seaweed market size, by product, 2018-2030 (US$M)
UK Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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