The Seaweed Market is expected to reach $23.2 billion by 2028, at a CAGR of 9.1% during the forecast period 2021 to 2028. Also, in terms of volume, the seaweed market is expected to record a CAGR of 9.5% from 2021 to 2028 to reach 11,408.3 KT by 2028.

Seaweed is the common name for countless species of marine plants and algae that grow in the ocean as well as in rivers, lakes, and other water bodies. Commonly, it is categorized into three broad groups based on pigmentation or type, such as red, brown, and green seaweeds. The major utilization of these seaweeds as food and food ingredients is in Asia-Pacific, particularly in China, Indonesia, the Philippines, Korea, and Japan, where seaweed cultivation has developed into a huge industry. Currently, seaweeds are being extensively explored as a fuel because of their high photosynthetic efficiency and their ability to produce lipids, a biodiesel feedstock that is expected to open new avenues for seaweed biomass manufacturers.

Here are the top 10 companies operating in Seaweed Market

Seaweed & Co.
Headquartered in Whitley Bay, U.K., Seaweed & Co. is engaged in the manufacturing and distributing organic seaweed ingredients. The company offers organic PureSea seaweed ingredients and Doctor Seaweed’s Weed & Wonderful seaweed products range. Seaweed & Co. provides PureSea organic seaweed ingredients for the food, beverage, and nutrition market. The company has a strong presence throughout the U.K.

Cargill, Incorporated
Cargill, Incorporated is involved in the manufacturing and marketing of food, agriculture, and financial & industrial products & services around the world. The company operates through five business segments: Food Ingredients & Bio-industrial, Animal Nutrition, Protein & Salt, Agriculture Supply Chain & Energy, and Transportation & Metals. In 2019, Cargill launched the Red Seaweed Promise™ program to address key sustainability challenges for the harvesting and cultivation of red seaweed, along with enhancing producer livelihoods, supporting local communities, and conserving the marine environment. The company offers powder-formed seaweed to use in food, beverage, and personal care products.
With manufacturing facilities located in 70 countries, the company sells its products in more than 125 countries across the globe.

Green Rise Agro Industries
Founded in 2010 and headquartered in Pune, Maharashtra, India, Green Rise Agro Industries is engaged in the manufacturing and marketing of agriculture organic fertilizer powder. The company’s product portfolio includes organic fertilizer and manure, seaweed extract products, humic acid products, fulvic acid, potassium humate, amino acid, potash with silica, humic amino shiny ballas, silicon powder, neem powder, phosphoric acid, roasted bentonite granules, organic biofertilizer, micronutrient fertilizers, neem oil, garden organic compost, fertilizer, bonemeal organic fertilizer, pH balancer, silicon spreader, phosphorus with silica, hydrogen peroxide, and coconut coir dust. The company offers green seaweed liquid and seaweed extract powder for agricultural application as a fertilizer.
The company has a strong presence throughout India.

VietDelta Ltd.
Headquartered in Hochiminh City, Vietnam, VietDelta Ltd. is engaged in providing various goods, agriculture, and seafood products. The company offers dried seaweed powder to use in fertilizers. The company has its geographical presence in the Americas, Europe, the Middle East, North Africa, Asia, and the sub‑Saharan African region.

 

Ocean Rainforest
Founded in 2010 and headquartered in Faroe Islands, Denmark, Ocean Rainforest is engaged in the growing, harvesting, and processing of several species of seaweeds. The company provides fresh, frozen, ensilaged, and dried products. Moreover, since 2014, the Ocean Rainforest also supplies the European food and feed market with high-quality seaweed products. The company offers nordic seaweed products for food and cosmetic product manufacturers.
The company has a strong geographical presence in North America and Europe.

 

A report into the projected growth of the current Seaweed Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 9.1%, reaching over $23.2 billion.

 

Thorverk HF
Founded in 1976 and headquartered in Reykhólar, Iceland, Thorverk is engaged in manufacturing and distributing organic and sustainably harvested quality algal meal. Thorverk established a seaweed drying plant founded in 1986. Thorverk’s product has been certified as organic since 1999 and sustainably harvested since 2007. The company offers dried and milled Ascophyllum and Laminaria products. Thorverk produces 7,000 tons of pure, dry seaweed meal annually.
The company has a strong geographical presence in Europe.

ALGAplus
Founded in 2012 and headquartered in Ilhavo, Portugal, ALGAplus is engaged in manufacturing and distributing macroalgae and its derived products in a controlled environment and with biological certification. The company offers seaweed extracts to use in food and cosmetic products. The company provides various species of seaweeds, including Chondrus crispus, Codium tomentosum, Fucus vesiculosus, Graciliaria gracilis, Palmaria palmata, Porphyra dioica, Porphyra umbilicalis, and Ulva rigida.
The company has a strong geographical presence in Europe.

MYCSA Ag, Inc.
Founded in 2004 and headquartered in Brownsville, Texas, U.S., MYCSA Ag, Inc. is engaged in the production and distribution of organic bulk fertilizers, raw materials, solutions, and other products for organic growers and the organic agriculture industry. Mycsa offers a complete line of organically certified, water-soluble fertilizers and natural insect repellents for farmers, blenders, formulators, and distributors. The company provides seaweed extract in powder and flake forms.
The company has its geographical presence across the Americas, Europe, Asia-Pacific, and the Middle East, and Africa.

Baoji Earay Bio-Tech Co., Ltd.
Headquartered in Baoji, China, Baoji Earay Bio-Tech Co., Ltd is engaged in research, production, and sales as a high technology enterprise and specializes in natural plant extracts and refining process business. The company is operating through four business segments: Botanical Extract Series, Fruit and Vegetable Powder, Effective Herbal Ingredients, and Pharmaceutical Intermediates. The company offers seaweed powder for use in the food and beverage, health, and pharmaceutical industries. The company has obtained GMP, HACCP, ISO9001, and Kosher Certifications.
The company has a strong geographical presence in China and distributes products across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Shore Seaweed
Founded in 2016 and headquartered in Alness, Scotland, U.K., Shore Seaweed is engaged in the growing, harvesting, and processing of natural Scottish seaweed. The company harvests selected species from the remote coastline in the far north of Scotland.
The company has a strong geographical presence in Europe.
Popular Mentions: Rongcheng Jingyi Ocean Technology Co., Ltd., Sar Agrochemicals & Fertilizers Pvt. Ltd., Algea, and Arctic Company (Part of Valagro Group)

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Authoritative Research on the Seaweed Market – Global Opportunity Analysis and Industry Forecast (2021-2028)

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  • Recent financial performance
  • Key products
  • Significant company strategies
  • Partnerships and acquisitions
  • Impact of COVID-19 on the Seaweed Market

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