U.S. Commercial Seaweed Market Size & Outlook, 2022-2030
U.S. commercial seaweed market, 2018-2030 (US$M)
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U.S. commercial seaweed market highlights
- The U.S. commercial seaweed market generated a revenue of USD 11.7 million in 2022 and is expected to reach USD 16.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.7% 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 11.7 million |
| Market revenue in 2030 | USD 16.9 million |
| Growth rate | 4.7% (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, U.S. 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 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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U.S. 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 55.56% in 2022. Horizon Databook has segmented the U.S. commercial seaweed market based on brown seaweeds, red seaweeds, green seaweeds covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. population is increasingly becoming health-conscious, thereby driving manufacturers to focus on the production of natural, organic, and gluten-free food items with a label depicting nutrition facts. Manufacturers are, therefore, switching to natural ingredients to meet the rising demand and gain a higher market share.
These factors are expected to fuel the demand for seaweed-based carrageenan as it is often used to thicken, emulsify, and preserve foods and beverages, thereby augmenting the market growth. Furthermore, the U.S. has an extensive presence of large-sized end-use companies in all of the major application industries such as agriculture, animal feed, food & beverage, pharmaceuticals, and others.
The presence of such robust clientele base makes the U.S. a lucrative market for commercial seaweed manufacturers. Moreover, growing consumer inclination toward plant-based personal care, dietary supplement, and food & beverage products owing to the side effects associated with synthetic products is anticipated to drive the market growth in the U.S.
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Target buyers of U.S. 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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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 U.S. commercial seaweed market , including forecasts for subscribers. This country databook contains high-level insights into U.S. commercial seaweed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. commercial seaweed market size, by product, 2018-2030 (US$M)
U.S. Commercial Seaweed Market Outlook Share, 2022 & 2030 (US$M)
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