The global commercial seaweeds market is anticipated to grow with a significant CAGR of 9.5% during the forecast period. The growth of the commercial seaweed market is attributed to the growing global recognition of seaweeds as a healthy and sustainable ingredient. Additionally, seaweeds are considered as a rich source of natural molecules for both nutrition and topical use. Hence, the consumption of seaweeds significantly aids in improving overall health.
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Moreover, seaweed farming practices also aid considerably in minimizing the carbon dioxide, nitrogen, and phosphorous emission in the environment. Therefore, the properties of seaweeds associated with health and environmentally friendly nature will significantly drive the growth of the commercial seaweeds market.
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Kelp, wakame, nori, and kombu are the type of seaweeds that are rich in iodine. Hence, the consumption of these seaweeds aids in controlling the hyperthyroidism by making the thyroid gland function properly. In addition to this, several studies have also shown that compounds present in the seaweeds, aids in managing diabetes and also reduce diabetes risk factors, such as inflammation, high-fat levels, and insulin sensitivity. The aforementioned health benefits of the seaweeds are anticipated to significantly increase the commercial seaweed market size during the forecast period.
In addition to this, the increasing focus of global cosmetic manufacturers such as Crabtree and Evelyn, Estee Lauder Companies, REN Skincare, and many more towards marine ingredients will also present new opportunities for the expansion of commercial seaweeds market.
However, seaweeds extracts required by cosmetic manufacturers are difficult to formulate due to its color and scents incompatibility. Therefore, researchers are trying to isolate the main components from seaweeds, which will allow the cosmetic manufacturers to use smaller concentrations of the extract. Hence, the lower level of the extract also reduces the risk of incompatibilities and material settings coupled with color issues and scent. This is anticipated to encourage the adoption of seaweeds by cosmetic manufacturers which in turn will drive the shares commercial seaweed industry.
Global Commercial Seaweed Market- Segmentation
By Type
- Red Seaweeds
- Brown Seaweeds
- Green Seaweeds
By Form
- Liquid
- Powder
- Flakes
By Application
- Human Food
- Animal Feed
- Agriculture
- Pharmaceutical
- Others
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