Seaweed Extracts Market Is Forecasted To Expand At A CAGR Of 6.0% During The Forecast Period

The global seaweed extracts market size was worth around USD 1.95 billion in 2023 and is predicted to grow to around USD 3.26 billion by 2032, with a compound annual growth rate (CAGR) of roughly 6.00% between 2024 and 2032.

Seaweed extracts are concentrated formulas derived from various marine algae species, containing bioactive compounds used across multiple industries. These natural products deliver a complex mix of minerals, polysaccharides, proteins, and plant growth regulators for agriculture, food, pharmaceuticals, and cosmetics. Modern seaweed extract production uses advanced extraction technologies to isolate specific compounds while addressing sustainability concerns through controlled harvesting and aquaculture development.

Browse the full “Seaweed Extracts Market By Source (Green Seaweed, Brown Seaweed, and Red Seaweed), By Form (Flakes, Powder, and Liquid), By End-User Industry (Agricultural Products, Food & Beverages, Animal Feed Additives, Pharmaceuticals, and Others), By and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032”- Report at https://www.zionmarketresearch.com/report/seaweed-extracts-market

The key factors driving the growth of the seaweed extract industry include increasing demand for natural agricultural inputs, growing applications in functional foods, and expanding use in personal care formulations.

Market Growth Factors

Several elements are contributing to the sustained growth of the seaweed extracts market.

• Sustainable agricultural practices: Farmers use seaweed extracts as part of eco-friendly farming to reduce their reliance on chemical fertilizers, making them key to organic and sustainable agriculture.
• Plant-based ingredient demand: As consumers seek natural, plant-based ingredients, seaweed extracts have become more popular in food, cosmetics, and medicine.
• Functional food applications: Consumers are becoming aware of the health benefits of seaweed extracts, leading to their use in more health-focused food and drink products.

Restraints

• Supply chain vulnerabilities: Changes in ocean conditions caused by climate change are making it harder to get a steady and high-quality supply of seaweed.
• Standardization challenges: The amount of helpful compounds in seaweed can vary from harvest to harvest, making it hard to keep products consistent and meet quality claims.

Seaweed Extracts Market: Report Scope

Market Segmentation

The seaweed extracts market can be segmented by source type, form, application, and geographic region.

Based on source type, the market is divided into brown algae, red algae, and green algae. Brown algae extracts lead the market due to their higher concentration of alginates and fucoidans, which are particularly valued for their gelling properties in food applications and bioactive benefits in agricultural uses.

Based on form, the seaweed extract industry is categorized into liquid, powder, flakes, and gel. Liquid formulations are expected to lead the market during the forecast period due to their ease of application in agricultural settings, superior bioavailability of active compounds, and suitability for direct integration into various manufacturing processes.

Based on application, the market is classified into agriculture, food and beverages, cosmetics and personal care, pharmaceuticals, and others. Agricultural applications lead the market due to well-documented efficacy in enhancing crop yield, stress resistance, and nutrient uptake through soil amendment and foliar application methods.

Europe leads the global seaweed extracts market due to its strong organic farming sector, long history of seaweed harvesting, and regulatory framework for natural ingredients. The region has invested heavily in marine biotechnology research to optimize extraction processes and find new applications. Consumer awareness of seaweed’s sustainability credentials has driven product development in food and cosmetic categories. EU policies for sustainable agriculture have created a suitable environment for bio-stimulants and seaweed-based products with documented environmental benefits. Additionally, collaborations between academic institutions and industry players have accelerated innovation and commercialization of high-value seaweed extract formulations.

Key Market Players

Leading companies operating in the global seaweed extracts market include:

• Chase Organics
• Acadian Seaplants Limited
• Dora Agri
• Maxicrop
• Cargill Incorporated
• Leili Group
• Algea
• Technaflora
• Symbrosia Inc.
• DuPont de Nemours Inc.
• BioAtlantis
• Irish Seaweeds
• Seasol
• Kelpak
• Grow More

Recent Developments

• In March 2024, Sea6 Energy, in collaboration with the Indonesian government, launched the world’s first large-scale mechanized tropical seaweed farm off Ekas, Indonesia, to drive sustainable production for bio-fertilizers, bioplastics, and renewable chemicals.

The global seaweed extracts market is segmented as follows:

By Source

• Green Seaweed
• Brown Seaweed
• Red Seaweed

By Form

• Flakes
• Powder
• Liquid

By End-User Industry

• Agricultural Products
• Food & Beverages
• Animal Feed Additives
• Pharmaceuticals
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com