Seaweed Protein Market

Seaweed Protein Market by Source (Red, Brown, Green), Extraction Process (Conventional Method, Current Method), Application (Food, Animal Feed & Additives, Personal Care & Cosmetics), and Region - Global Forecast to 2026

Report Code: FB 7841 Feb, 2021, by marketsandmarkets.com

[201 Pages Report] According to MarketsandMarkets, the seaweed protein market size is estimated to be valued at USD 465.5 million in 2020 and is projected to reach USD 981.6 million by 2026, recording a CAGR of 13.2% during the forecast period, in terms of value. Factors such as the growth in consumer awareness regarding the health benefits of seaweed protein-based products, increasing industrial, and feed-related applications and rising market for alternate protein source are projected to drive the growth of the seaweed protein industry during the forecast period. Asia Pacific segment is going to dominate the market, due to its ease of raw material availability, favorable climatic conditions and low labor cost for seaweed cultivation, whereas the European region is growing fastest owing to growth in consumer awareness regarding the health benefits of seaweed protein based-products.

Seaweed Protein Market

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Market Dynamics

Drivers: Growth in consumer awareness regarding the health benefits of seaweed protein-based products

The awareness regarding the health benefits of seaweed protein-based products is one of the key factors that is gaining consumer attention. Red seaweeds, such as dulse, are high in protein. In addition to their use as a protein source, the Teagasc researchers have found that some of these seaweed proteins may have health benefits beyond those of basic human nutrition -- for use in functional foods. Seaweeds are a source of bioactive peptides, which can reduce high blood pressure and prevent cardiovascular diseases. Bioactive peptides are sequences of 2 to 30 amino acids in length that display hormone-like beneficial properties when released from their parent protein. According to Teagasc, a renin-inhibitory peptide is found in the seaweed Palmaria palmata. These renin inhibitory peptides are currently being assessed in bread products for human consumption, which are commonly used as therapy in reducing high blood pressure.

Restraints: Concentration of some essential amino acids (EAAs) in seaweeds is low

The concentration of EAAs in seaweed, in an entire biomass base, is considerably lower as compared to traditional sources, such as corn and soy; thus, it is not suitable as a protein source in compound diets for monogastric animals. Amino acids such as tryptophan and lysine are often limiting amino acids in most seaweed species. Leucine and isoleucine are commonly found in low concentrations in red seaweed species, while methionine, cysteine, and lysine are often limiting in brown seaweed species. Cysteine typically occurs at low levels in many seaweed species and is often not detectable. However, this does not detract from its positive health benefits for humans and livestock, where its few calories and high mineral content may be desirable.

Opportunities: Growth in demand for natural ingredients by consumers

The demand for “all-natural ingredients” has been on the rise, owing to the safety concerns associated with synthetic ingredients; hence, the demand for seaweed protein-based products is expected to grow considerably in the coming years. Consumers perceive the impact of natural food additives on health as positive, thereby increasing the demand for protein in food products. Seaweed protein-based products are preferred in most human applications such as food, supplements, and cosmetics, as they do not have any negative effects. The preference for seaweed protein-based products is expected to rise, owing to the demand for natural antioxidants, anti-inflammatory agents, plant proteins, and other secondary metabolites.

Challenges: Variability, scalability, and digestibility associated with seaweed proteins

A challenge that is particularly relevant in the production of bioactive peptides is the high levels of variability in seaweed proteins. The protein content can vary by season, temperature, and location in which the seaweed is harvested. The relative composition of a particular protein within the seaweed can also differ, changing the concentrations of amino acids, and therefore altering the yield of desired peptides.

The scalability of seaweed protein extraction is also a further obstacle that needs to be overcome. Seaweed protein extraction is still very much in its infancy, meaning that many of the methods that have been developed are still at a small scale.

Another most important challenge for extracting proteins from seaweeds is the high level of cell wall anionic polysaccharides, which can be bound to the proteins and create a viscous medium, thus, further increasing the difficulty of protein extraction. The tough polysaccharide-rich cell walls and the abundance of polyphenols reduce the extractability and digestibility of seaweed proteins. Several brown seaweed species have reduced protein digestibility as compared to red seaweeds, due to their increased levels of dietary fiber.

By source, green seaweeds is the fastest growing segment in the market during the forecast period

The emerging use of green seaweeds in processed food industry is expected to drive the market growth further. Some green seaweeds, such as Ulva pertusa, Enteromorpha sp. and Monostroma sp., which contain a high protein level are also processed for the manufacturing of foods. These seaweeds are mixed to create a food product called ‘aonori' (green laver) that is very much appreciated by Japanese consumers. When used in small amounts, green laver is also used as a garnish served with raw fish.

By application, food segment is the fastest growing segment in the market during the forecast period

Increasing application of seaweed protein as a functional ingredient in processed food is driving the growth of the market. Seaweeds, for example, P. tenera (nori) is commonly used as a sushi wrap in several Asian cultures. Many species of seaweed are particularly high in the amino acids aspartic acid and glutamic acid, which exhibit a unique and interesting flavor that has led to the discovery of the taste sensation referred to as ‘umami’.

Seaweed Protein Market by Region

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Asia Pacific is projected to account for the largest market share during the forecast period

The Asia Pacific market is estimated to account for the largest share in 2020. This is primarily attributed to factors such as large-scale production and domestic consumption of edible seaweeds in the region, which is fueled by the processed food industry. In addition, the expansion of the seaweed protein market in the Asian countries such as Japan, China, Indonesia, South Korea, and the Philippines is attributed to factors such as availability of the raw materials, favorable climatic conditions for the production of seaweeds, and availability of cheap labor.

Key Market Players:

CP Kelco U.S., Inc. (US), Acadian Seaplants (US), Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group (China), Qingdao Seawin Biotech Group Co. Ltd. (China), Qingdao Bright Moon Seaweed Group Co. (China), Seaweed Energy Solutions AS (Norway), The Seaweed Company (Netherlands), Seasol (Australia), Gelymar (Chile), Cargill, Incorporated (US), Groupe Roullier (France),  CEAMSA (Spain), COMPO EXPERT (Germany), Leili (China), Irish Seaweeds (Ireland) and AtSeaNova (Belgium).

Scope of the report

Report Metric

Details

Market size estimation

2018–2026

Base year considered

2019

Forecast period considered

2020–2026

Units considered

Value (USD) & Volume (KT)

Segments covered

Source, extraction process, application, and region

Regions covered

North America, Europe, Asia Pacific, and RoW

Companies studied

  • CP Kelco U.S., Inc. (US)
  • Acadian Seaplants (Canada)
  • Qingdao Gather Great Ocean Algae Industry Group (China)
  • Qingdao Seawin Biotech Group Co. Ltd. (China)
  • The Seaweed Company (Netherlands)
  • Algea (Norway)
  • Seasol (Australia)
  • Gelymar (Chile)
  • Algaia (France)
  • Cargill, Incorporated (US)
  • Groupe Roullier (France)
  • CEAMSA (Spain)
  • COMPO EXPERT (Germany)
  • Leili (China)
  • Irish Seaweeds (Ireland)
  • AtSeaNova (Belgium)
  • Mara Seaweed (Scotland)
  • Trophic LLC (US)
  • AquAgri Processing Pvt. Ltd. (India)
  • Agrocare (India)

Target Audience:

  • Seaweed cultivators
  • Seaweed protein extractors and processors
  • Intermediate suppliers such as traders and distributors of commercial seaweed protein-based products
  • Manufacturers of processed food, livestock feed & additives, and personal care & cosmetics
  • Other manufacturing industries, such as chemicals, paints, nutraceuticals, and pharmaceuticals
  • Government and research organizations

Report Scope:

This research report categorizes the seaweed protein market based on source, extraction process, application, and region.

On the basis of source:

  • Red seaweeds
    • Eucheuma spp.
    • Gracilaria spp.
    • Porphyra spp.
    • Kappaphycus alvarezii
    • Porphyra tenera
    • Eucheuma denticulatum
  • Brown seaweeds
    • Laminaria Japonica
    • Undaria pinnatifida
    • Sargassum fusiforme
    • Green seaweeds
    • Enteromorpha spp.
    • Ulva spp.

On the basis of extraction process:

  • Conventional method
  • Physical processes
  • Enzymatic hydrolysis
  • Chemical extraction
  • Current method
  • Ultrasound-assisted extraction (UAE)
  • Pulsed electric field (PEF)
  • Microwave-assisted extraction (MAE)

On the basis of application:

  • Food
  • Animal feed & additives
  • Personal care & cosmetics
  • Other applications (chemicals, paints, nutraceuticals, and pharmaceuticals)

On the basis of region:

  • North America
  • Europe
  • Asia Pacific
  • RoW (Brazil, Chile, South Africa, and Other South American, African and the Middle Eastern countries)

Recent Developments

  • In August 2020, CP Kelco and Biesterfeld expanded their long-term partnership in the food and nutrition sector in Europe. As part of this partnership, Biesterfeld is distributing CP Kelco’s nature-based pectin, carrageenan, xanthan gum, and citrus fiber in Germany, Poland, the Czech Republic, Slovakia, Hungary, Estonia, Lituania, and Latvia. This partnership will enhance the company’s strong presence in Europe.
  • Algaia launched a new range of seaweed-based texturing solutions named VegAlg in January 2019, designed to contribute shape and structure, and add juiciness to plant-based burgers. This new product launch would strengthen its market position in the food industry.
  • In January 2019, Gelymar announced a new long-term commercial and development agreement with its strategic partner, Algaia, an established global player in the field of alginate and specialty algae extracts. Both Gelymar and Algaia will market their products in North America through AIDP Inc., Algaia’s current US distributor. This agreement for North America will position Gelymar as a leading manufacturer of sustainable algae extracts for food, nutraceuticals, and personal care products, offering an extensive range of algae ingredients.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 MARKET SEGMENTATION
           1.3.1 INCLUSIONS & EXCLUSIONS
    1.4 REGIONS COVERED
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
    1.7 VOLUME UNIT CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2019
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
           FIGURE 2 SEAWEED PROTEIN MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS
    2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
           2.6.1 SCENARIO-BASED MODELLING
    2.7 COVID-19 HEALTH ASSESSMENT
           FIGURE 6 COVID-19: GLOBAL PROPAGATION
           FIGURE 7 COVID-19 PROPAGATION: SELECT COUNTRIES
    2.8 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 8 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           2.8.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT
           FIGURE 9 CRITERIA IMPACTING GLOBAL ECONOMY
           FIGURE 10 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 42)
           TABLE 2 SEAWEED PROTEIN MARKET SNAPSHOT, (KT), 2020 VS. 2026
           FIGURE 11 SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2020 VS. 2026 (USD MILLION)
           FIGURE 12 SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2020 VS. 2026 (KT)
           FIGURE 13 SEAWEED PROTEIN MARKET SHARE (VOLUME), BY EXTRACTION PROCESS, 2020 VS. 2026
           FIGURE 14 SEAWEED PROTEIN MARKET SHARE (VALUE), BY REGION, 2020

4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 OPPORTUNITIES IN THE SEAWEED PROTEIN MARKET 17:44 24-02-2021
           FIGURE 15 INCREASE IN DEMAND FOR VEGAN PROTEIN ALTERNATIVES TO MEAT AND DAIRY EXPECTED TO DRIVE THE MARKET
    4.2 SEAWEED PROTEIN MARKET: KEY COUNTRIES, 2020
           FIGURE 16 FRANCE PROJECTED TO GROW AT THE HIGHEST RATE IN THE SEAWEED PROTEIN MARKET IN 2020
    4.3 SEAWEED PROTEIN MARKET, BY SOURCE & REGION, 2020
           FIGURE 17 ASIA PACIFIC REGION TO DOMINATE THE MARKET IN 2020
    4.4 SEAWEED PROTEIN MARKET, BY APPLICATION, 2020
           FIGURE 18 THE FOOD SEGMENT DOMINATED THE MARKET IN 2020
    4.5 ASIA PACIFIC: SEAWEED PROTEIN MARKET, BY APPLICATION & COUNTRY, 2020
           FIGURE 19 CHINA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE IN 2020
    4.6 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET
           FIGURE 20 CHART OF PRE- & POST-COVID SCENARIOS IN THE SEAWEED PROTEIN MARKET

5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATOR
           5.2.1 PROTEIN CONTENT AND AMINO ACID COMPOSITION IN SEAWEEDS
           TABLE 3 PROTEIN LEVELS IN SOME SEAWEEDS USED BY THE FOOD INDUSTRY
           TABLE 4 AMINO ACIDS COMPOSITION OF SOME SEAWEEDS AND LEGUMINOUS PLANTS (IN GRAM AMINO ACID/100 GRAM PROTEIN)
           5.2.2 TRADE SCENARIO: SEAWEEDS
           TABLE 5 SEAWEED TRADE SCENARIO, BY REGION, 2018
           5.2.3 MAJOR SEAWEED IMPORTING COUNTRIES
           FIGURE 21 SEAWEED IMPORTS 2016- 2017, BY VALUE
           FIGURE 22 SEAWEED IMPORTS 2016-2017, BY VOLUME
           5.2.4 MAJOR SEAWEED EXPORTING COUNTRIES
           FIGURE 23 SEAWEED EXPORTS 2016- 2017, BY VALUE
           FIGURE 24 SEAWEED EXPORTS 2016-2017, BY VOLUME
    5.3 SEAWEED PROTEIN MARKET DYNAMICS
           FIGURE 25 MARKET DYNAMICS: SEAWEED PROTEIN MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Growth in consumer awareness regarding the health benefits of seaweed protein-based products
                    5.3.1.2 Alternate protein source
                    5.3.1.3 Increasing applications of seaweed protein
           5.3.2 RESTRAINTS
                    5.3.2.1 Concentration of some essential amino acids (EAAs) in seaweeds is low
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Growth in demand for natural ingredients by consumers
                    5.3.3.2 Seaweed protein-based products emerging as a snack
           5.3.4 CHALLENGES
                    5.3.4.1 Toxicity associated with the consumption of seaweed protein-based products
                    5.3.4.2 Variability, scalability, and digestibility associated with seaweed proteins
    5.4 IMPACT OF COVID-19 ON MARKET DYNAMICS
           5.4.1 COVID-19 TO DRIVE THE DEMAND FOR SEAWEED PROTEIN FOR BOOSTING IMMUNITY IN CONSUMERS
           5.4.2 COVID-19 IMPACT ON SEAWEED PROTEIN SUPPLY CHAIN

6 INDUSTRY TRENDS (Page No. - 60)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           FIGURE 26 SEAWEED PROTEIN MARKET: VALUE CHAIN
    6.3 TECHNOLOGY ANALYSIS
           6.3.1 MEMBRANE TECHNOLOGIES
    6.4 AVERAGE SELLING PRICE TREND
           FIGURE 27 PRICING ANALYSIS, 2018–2026 (USD MILLION/KT)
    6.5 MARKET MAP
           6.5.1 MANUFACTURERS
           6.5.2 REGULATORY BODIES
           6.5.3 END-USER COMPANIES
           6.5.4 START-UPS/EMERGING COMPANIES
    6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           FIGURE 28 REVENUE SHIFT FOR THE SEAWEED PROTEIN MARKET
    6.7 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 29 SEAWEED PROTEIN MARKET: PORTER'S FIVE FORCES ANALYSIS
           6.7.1 THREAT OF NEW ENTRANTS
           6.7.2 THREAT OF SUBSTITUTES
           6.7.3 BARGAINING POWER OF SUPPLIERS
           6.7.4 BARGAINING POWER OF BUYERS
           6.7.5 INTENSITY OF COMPETITIVE RIVALRY
           TABLE 6 SEAWEED PROTEIN MARKET: PORTER’S FIVE FORCES ANALYSIS
    6.8 CASE STUDY ANALYSIS
           6.8.1 ALGAIA STARTED OFFERING IMPROVED PLANT-BASED MEAT PRODUCTS
           6.8.2 SAFETY ASSESSMENT AND CERTIFICATION DEMAND BY INDUSTRY PLAYERS TO ENSURE TRANSPARENCY

7 SEAWEED PROTEIN MARKET, BY SOURCE (Page No. - 68)
    7.1 INTRODUCTION
           FIGURE 30 SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2020 VS. 2026 (USD MILLION)
           TABLE 7 SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 8 SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
    7.2 COVID-19 IMPACT ON SEAWEED PROTEIN MARKET, BY SOURCE
           7.2.1 OPTIMISTIC SCENARIO
           TABLE 9 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
           7.2.2 REALISTIC SCENARIO
           TABLE 10 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
           7.2.3 PESSIMISTIC SCENARIO
           TABLE 11 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
    7.3 RED SEAWEEDS
           7.3.1 RED SEAWEED-DERIVED PROTEINS LARGELY USED IN SALADS, SNACKS, AND SUSHI
           7.3.2 PORPHYRA SPP.
           7.3.3 PALMARIA PALMATA
           TABLE 12 RED SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           TABLE 13 RED SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (KT)
           TABLE 14 RED SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY SPECIES, 2018–2026 (USD MILLION)
           TABLE 15 RED SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY SPECIES, 2018–2026 (KT)
    7.4 BROWN SEAWEEDS
           7.4.1 RICH IN ASPARTIC AND GLUTAMIC AMINO ACIDS
           7.4.2 LAMINARIA SPP.
           7.4.3 UNDARIA PINNATIFIDA
           7.4.4 FUCUS VESICULOSUS
           TABLE 16 BROWN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           TABLE 17 BROWN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (KT)
           TABLE 18 BROWN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY SPECIES, 2018–2026 (USD MILLION)
           TABLE 19 BROWN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY SPECIES, 2018–2026 (KT)
    7.5 GREEN SEAWEEDS
           7.5.1 EMERGING USE OF GREEN SEAWEEDS IN THE PROCESSED FOOD INDUSTRY
           7.5.2 ULVA SPP.
           7.5.3 ENTEROMORPHA SPP.
           TABLE 20 GREEN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           TABLE 21 GREEN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (KT)
           TABLE 22 GREEN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY SPECIES, 2018–2026 (USD MILLION)
           TABLE 23 GREEN SEAWEEDS: SEAWEED PROTEIN MARKET SIZE, BY SPECIES, 2018–2026 (KT)

8 SEAWEED PROTEIN MARKET, BY EXTRACTION PROCESS (Page No. - 79)
    8.1 INTRODUCTION
           FIGURE 31 SEAWEED PROTEIN MARKET SHARE (VOLUME), BY EXTRACTION PROCESS, 2020 VS. 2026
           TABLE 24 SEAWEED PROTEIN MARKET SIZE, BY EXTRACTION PROCESS, 2018-2026 (KT)
    8.2 CONVENTIONAL METHOD
           8.2.1 PHYSICAL PROCESSES
           8.2.2 ENZYMATIC HYDROLYSIS
           8.2.3 CHEMICAL EXTRACTION
           TABLE 25 SEAWEED PROTEIN MARKET SIZE, BY CONVENTIONAL METHOD, 2018-2026 (KT)
    8.3 CURRENT METHOD
           8.3.1 ULTRASOUND-ASSISTED EXTRACTION (UAE)
           8.3.2 PULSED ELECTRIC FIELD (PEF)
           8.3.3 MICROWAVE-ASSISTED EXTRACTION (MAE)
           TABLE 26 SEAWEED PROTEIN MARKET SIZE, BY CURRENT METHOD, 2018-2026 (KT)

9 SEAWEED PROTEIN MARKET, BY APPLICATION (Page No. - 83)
    9.1 INTRODUCTION
           FIGURE 32 SEAWEED PROTEIN MARKET SIZE, BY TYPE, 2020 VS. 2026 (KT)
           TABLE 27 SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018-2026 (USD MILLION)
           TABLE 28 SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018-2026 (KT)
    9.2 COVID-19 IMPACT ON SEAWEED PROTEIN MARKET, BY APPLICATION
           9.2.1 OPTIMISTIC SCENARIO
           TABLE 29 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
           9.2.2 REALISTIC SCENARIO
           TABLE 30 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
           9.2.3 PESSIMISTIC SCENARIO
           TABLE 31 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
    9.3 FOOD
           9.3.1 INCREASING APPLICATION OF SEAWEED PROTEIN AS A FUNCTIONAL INGREDIENT IN PROCESSED FOOD DRIVING THE MARKET
           TABLE 32 FOOD: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (USD MILLION)
           TABLE 33 FOOD: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (KT)
    9.4 ANIMAL FEED & ADDITIVES
           9.4.1 SEAWEED PROTEIN EXTRACTED FROM RED AND GREEN SEAWEEDS ARE SIGNIFICANTLY USED AS A SOURCE OF FEED FOR RUMINANTS
           TABLE 34 ANIMAL FEED & ADDITIVES: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (USD MILLION)
           TABLE 35 ANIMAL FEED & ADDITIVES: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (KT)
    9.5 PERSONAL CARE & COSMETICS
           9.5.1 SEAWEED PROTEIN IS AN EXCELLENT SOURCE FOR PRODUCING SKINCARE PRODUCTS OWING TO ITS ANTIOXIDANT, ANTI-INFLAMMATORY, ANTI-MICROBIAL, AND ANTI-ALLERGIC PROPERTIES
           TABLE 36 PERSONAL CARE & COSMETICS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (USD MILLION)
           TABLE 37 PERSONAL CARE & COSMETICS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (KT)
    9.6 OTHER APPLICATIONS
           9.6.1 SEAWEED PROTEIN-BASED PRODUCTS HAVE HUGE POTENTIAL IN THE NUTRACEUTICAL AND PHARMACEUTICAL INDUSTRY
           TABLE 38 OTHER APPLICATIONS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (USD MILLION)
           TABLE 39 OTHER APPLICATIONS: SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018-2026 (KT)

10 SEAWEED PROTEIN MARKET, BY REGION (Page No. - 92)
     10.1 INTRODUCTION
           FIGURE 33 SEAWEED PROTEIN MARKET SHARE (VALUE), BY KEY COUNTRY, 2020
           TABLE 40 SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           TABLE 41 SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2026 (KT)
     10.2 COVID-19 IMPACT ON SEAWEED PROTEIN MARKET, BY REGION
             10.2.1 OPTIMISTIC SCENARIO
           TABLE 42 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
             10.2.2 REALISTIC SCENARIO
           TABLE 43 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
             10.2.3 PESSIMISTIC SCENARIO
           TABLE 44 COVID-19 IMPACT ON THE SEAWEED PROTEIN MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
     10.3 ASIA PACIFIC
           FIGURE 34 ASIA PACIFIC: MAJOR FARMED SEAWEED PRODUCERS (2012–2016)
           FIGURE 35 ASIA PACIFIC: MARKET SNAPSHOT
             10.3.1 REGULATORY FRAMEWORKS
             10.3.2 TRADE ANALYSIS
                        10.3.2.1 Import scenario of seaweeds in Asia Pacific countries
           FIGURE 36 SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VALUE)
           FIGURE 37 SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VOLUME)
                        10.3.2.2 Export scenario of seaweeds in Asia Pacific countries
           FIGURE 38 SEAWEED EXPORTS, BY KEY COUNTRY, 2018 (VALUE)
           FIGURE 39 SEAWEED EXPORTS, BY KEY COUNTRY, 2018 (VOLUME)
           TABLE 45 ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
           TABLE 46 ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (KT)
           TABLE 47 ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 48 ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
           TABLE 49 ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
           TABLE 50 ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (KT)
             10.3.3 CHINA
                        10.3.3.1 Easy availability of raw materials and growth in the aquaculture industry propelling the market for seaweed protein
           TABLE 51 CHINA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 52 CHINA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.3.4 INDONESIA
                        10.3.4.1 Increase in usage of seaweed proteins as direct food products, and use of Eucheuma cottonii or Gracilaria in various food products
           TABLE 53 INDONESIA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 54 INDONESIA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.3.5 PHILIPPINES
                        10.3.5.1 Multiple usage of seaweeds expected to drive the growth
           TABLE 55 PHILIPPINES: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 56 PHILIPPINES: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.3.6 SOUTH KOREA
                        10.3.6.1 Rising market for seaweed protein as a snack product driving the growth of the market in the country
           TABLE 57 SOUTH KOREA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 58 SOUTH KOREA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.3.7 JAPAN
                        10.3.7.1 Easy availability of raw materials, increase in the use of organic products and rise in health-conscious consumers propelling the market growth
           TABLE 59 JAPAN: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 60 JAPAN: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.3.8 REST OF ASIA PACIFIC
           TABLE 61 REST OF ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 62 REST OF ASIA PACIFIC: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
     10.4 EUROPE
           FIGURE 40 EUROPE: MARKET SNAPSHOT
             10.4.1 REGULATORY FRAMEWORK
             10.4.2 TRADE ANALYSIS
                        10.4.2.1 Import scenario of seaweeds in European countries
           TABLE 63 EUROPE: IMPORT OF SEAWEEDS, 2012–2016 (TONNES)
           FIGURE 41 EUROPE: SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VALUE)
           FIGURE 42 EUROPE: SEAWEED IMPORTS, BY KEY COUNTRY, 2018 (VOLUME)
                        10.4.2.2 Export scenario of seaweeds in European countries
           TABLE 64 EUROPE: EXPORT OF SEAWEEDS, 2012–2016 (TONNES)
           FIGURE 43 EUROPE: SEAWEED EXPORTS, BY KEY COUNTRY, 2018 (VALUE)
           TABLE 65 EUROPE: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
           TABLE 66 EUROPE: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (KT)
           TABLE 67 EUROPE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 68 EUROPE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
           TABLE 69 EUROPE: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
           TABLE 70 EUROPE: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (KT)
             10.4.3 FRANCE
                        10.4.3.1 Use of seaweed protein-based products in the processed food industry fueling the growth of the market
           TABLE 71 FRANCE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 72 FRANCE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.4.4 IRELAND
                        10.4.4.1 Demand for seaweed protein for application in feed driving the market growth
           TABLE 73 IRELAND: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 74 IRELAND: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.4.5 NORWAY
                        10.4.5.1 Growing industrial & human food application of seaweeds driving the growth of the market
           TABLE 75 NORWAY: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 76 NORWAY: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.4.6 SPAIN
                        10.4.6.1 Rapid growth in the consumption of seaweed as sea vegetables
           TABLE 77 SPAIN: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 78 SPAIN: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.4.7 REST OF EUROPE
           TABLE 79 REST OF EUROPE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 80 REST OF EUROPE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
     10.5 NORTH AMERICA
             10.5.1 TRADE ANALYSIS
           FIGURE 44 US: IMPORT OF SEAWEEDS, 2014-2016
             10.5.2 REGULATORY FRAMEWORK
           TABLE 81 NORTH AMERICA: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
           TABLE 82 NORTH AMERICA: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (KT)
           TABLE 83 NORTH AMERICA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 84 NORTH AMERICA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
           TABLE 85 NORTH AMERICA: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
           TABLE 86 NORTH AMERICA: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (KT)
             10.5.3 US
                        10.5.3.1 Increasing shift to healthier food options driving the market of seaweed protein
           TABLE 87 US: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 88 US: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.5.4 CANADA
                        10.5.4.1 Canadian seaweed industry shifting from being an animal feed to an alternative protein source for human food
           TABLE 89 CANADA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 90 CANADA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.5.5 MEXICO
                        10.5.5.1 Mexican researchers exploring the use of seaweeds as a nutrition alternative
           TABLE 91 MEXICO: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 92 MEXICO: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
     10.6 REST OF THE WORLD (ROW)
             10.6.1 TRADE ANALYSIS
           FIGURE 45 CHILE: EXPORTS OF SEAWEEDS, 2014- 2016
           FIGURE 46 EXPORT OF SEAWEED: EXPORTS OF SEAWEEDS, 2014- 2016
             10.6.2 REGULATORY FRAMEWORK
           TABLE 93 ROW: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
           TABLE 94 ROW: SEAWEED PROTEIN MARKET SIZE, BY COUNTRY, 2018–2026 (KT)
           TABLE 95 ROW: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 96 ROW: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
           TABLE 97 ROW: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
           TABLE 98 ROW: SEAWEED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2026 (KT)
             10.6.3 BRAZIL
                        10.6.3.1 The country majorly imports seaweeds to meet the demand for the food processing industry
           TABLE 99 BRAZIL: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 100 BRAZIL: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.6.4 CHILE
                        10.6.4.1 Seaweed production helps in improving food security in Chile
           TABLE 101 CHILE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 102 CHILE: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.6.5 SOUTH ARICA
                        10.6.5.1 Seaweed as a potential superfood in South African countries
           TABLE 103 SOUTH AFRICA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 104 SOUTH AFRICA: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)
             10.6.6 OTHERS IN ROW
                        10.6.6.1 New technologies for seaweed cultivation driving the market for seaweed in middle eastern and other African countries
           TABLE 105 OTHERS IN ROW: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 106 OTHERS IN ROW: SEAWEED PROTEIN MARKET SIZE, BY SOURCE, 2018–2026 (KT)

11 COMPETITIVE LANDSCAPE (Page No. - 135)
     11.1 OVERVIEW
           FIGURE 47 TOP FIVE COMPANIES IN THE SEAWEED PROTEIN MARKET, 2019
     11.3 COVID-19 SPECIFIC COMPANY RESPONSE
             11.4.4 PARTICIPANT
           FIGURE 48 SEAWEED PROTEIN MARKET, COMPANY EVALUATION QUADRANT, 2019 (OVERALL MARKET)
             11.4.5 PRODUCT FOOTPRINT
           TABLE 107 COMPANY SOURCE FOOTPRINT
           TABLE 108 COMPANY APPLICATION FOOTPRINT
           TABLE 109 COMPANY REGIONAL FOOTPRINT
     11.5 SEAWEED PROTEIN MARKET, START-UP/SME EVALUATION QUADRANT, 2019
           FIGURE 49 SEAWEED PROTEIN MARKET, COMPANY EVALUATION QUADRANT, 2019 (START-UP/SME)
           TABLE 110 SEAWEED PROTEIN MARKET: PRODUCT LAUNCHES, MAY 2017–JAN 2019
             11.6.2 DEALS
           TABLE 111 SEAWEED PROTEIN MARKET: DEALS, JANUARY 2019– AUGUST 2020
             11.6.3 OTHERS
           TABLE 112 SEAWEED PROTEIN MARKET: EXPANSION, JULY 2018

12 COMPANY PROFILES (Page No. - 144)
(Business overview, Products offered, Recent developments & MnM View)* 
     12.1 KEY PLAYERS
             12.1.1 CP KELCO U.S., INC.
             12.1.2 ALGAIA
             12.1.3 ALGEA
             12.1.4 QINGDAO GATHER GREAT OCEAN ALGAE INDUSTRY GROUP CO., LTD
             12.1.5 QINGDAO SEAWIN BIOTECH GROUP CO., LTD.
             12.1.6 CARGILL, INCORPORATED
           FIGURE 50 CARGILL: COMPANY SNAPSHOT
             12.1.7 GELYMAR S.A
             12.1.8 CEAMSA
             12.1.9 SEASOL
             12.1.10 COMPO EXPERT GROUP
     12.2 OTHER PLAYERS
             12.2.1 AQUAGRI PROCESSING PRIVATE LIMITED.
             12.2.2 IRISH SEAWEEDS
             12.2.3 MARA SEAWEED
             12.2.4 ACADIAN SEAPLANTS
             12.2.5 THE SEAWEED COMPANY
             12.2.6 AGROCARE
             12.2.7 ATSEANOVA
             12.2.8 GROUPE ROULLIER
             12.2.9 BEIJING LEILI AGRICULTURAL CO. LTD.
             12.2.10 TROPHIC
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies. 

13 ADJACENT & RELATED MARKETS (Page No. - 174)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 ALGAE PRODUCTS MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
     13.4 ALGAE PRODUCTS MARKET, BY APPLICATION
             13.4.1 INTRODUCTION
           TABLE 113 ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
             13.4.2 FOOD & BEVERAGES
           TABLE 114 ALGAE PRODUCTS MARKET SIZE IN FOOD & BEVERAGES, BY REGION, 2016–2023 (USD MILLION)
             13.4.3 NUTRACEUTICALS & DIETARY SUPPLEMENTS
           TABLE 115 ALGAE PRODUCTS MARKET SIZE IN NUTRACEUTICALS & DIETARY SUPPLEMENTS, BY REGION, 2016–2023 (USD MILLION)
             13.4.4 FEED
           TABLE 116 ALGAE PRODUCTS MARKET SIZE IN FEED, BY REGION, 2016–2023 (USD MILLION)
             13.4.5 PERSONAL CARE PRODUCTS
           TABLE 117 ALGAE PRODUCTS MARKET SIZE IN PERSONAL CARE PRODUCTS, BY REGION, 2016–2023 (USD MILLION)
             13.4.6 PHARMACEUTICALS
           TABLE 118 ALGAE PRODUCTS MARKET SIZE IN PHARMACEUTICALS, BY REGION, 2016–2023 (USD MILLION)
             13.4.7 OTHER APPLICATIONS
           TABLE 119 ALGAE PRODUCTS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2023 (USD MILLION)
     13.5 ALGAE PRODUCTS MARKET, BY REGION
             13.5.1 NORTH AMERICA
           TABLE 120 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
           TABLE 121 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2016–2023 (USD MILLION)
           TABLE 122 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
           TABLE 123 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
             13.5.2 EUROPE
           TABLE 124 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
           TABLE 125 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2016–2023 (USD MILLION)
           TABLE 126 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
           TABLE 127 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
             13.5.3 ASIA PACIFIC
           TABLE 128 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
           TABLE 129 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2016–2023 (USD MILLION)
           TABLE 130 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
           TABLE 131 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
             13.5.4 REST OF THE WORLD (ROW)
           TABLE 132 ROW: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
           TABLE 133 ROW: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2016–2023 (USD MILLION)
           TABLE 134 ROW: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
           TABLE 135 ROW: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
     13.6 SEAWEED CULTIVATION MARKET
             13.6.1 LIMITATIONS
             13.6.2 MARKET DEFINITION
             13.6.3 MARKET OVERVIEW
             13.6.4 SEAWEED CULTIVATION MARKET, BY TYPE
           TABLE 136 SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                        13.6.4.1 Red seaweeds
           TABLE 137 RED SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                        13.6.4.2 Brown seaweeds
           TABLE 138 BROWN SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                        13.6.4.3 Green seaweeds
           TABLE 139 GREEN SEAWEEDS: SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
             13.6.5 SEAWEED CULTIVATION MARKET, BY REGION
           TABLE 140 SEAWEED CULTIVATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                        13.6.5.1 Asia Pacific
           TABLE 141 ASIA PACIFIC: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                        13.6.5.2 North America
           TABLE 142 NORTH AMERICA: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                        13.6.5.3 Europe
           TABLE 143 EUROPE: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                        13.6.5.4 Rest of the World (RoW)
           TABLE 144 ROW: SEAWEED CULTIVATION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)

14 APPENDIX (Page No. - 194)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the seaweed protein market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources such as the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Agency (EFSA), Food and Agriculture Organization (FAO), The World Bank, The Seaweed Industry Association of Philippines (SIAP), and Southeast Asian Fisheries Development Centre/Aquaculture Department (SEAFDEC/AQD) were referred to, to identify and collect information for this study. The secondary sources also included seaweeds manufacturers’ annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and paid databases.

Primary Research

The market comprises several stakeholders in the supply chain, which include suppliers, manufacturers, and end-use product manufacturers. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include manufacturers of food & beverage products, feed, cosmetics and personal care, pharmaceuticals, and research institutions involved in R&D; and government agencies. The primary sources from the supply side include seaweed protein manufacturers, suppliers, distributors, importers, and exporters.

Given below is the breakdown of the primary respondents.

Seaweed Protein Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the seaweed protein market. These approaches have also been used extensively to determine the size of the various sub-segments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and market have been identified through extensive secondary research.
  • The seaweed protein value chain and market size in terms of both value and volume have been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the seaweed protein market were considered while estimating the market size.
  • All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall seaweed protein market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.

Report Objectives

  • To describe and forecast the seaweed protein market, in terms of source, extraction process, application, and region
  • To describe and forecast the seaweed protein market, in terms of value and volume, by region–North America, Europe, Asia Pacific, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the seaweed protein market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the seaweed protein market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
  • To analyze strategic approaches, such as acquisitions & partnerships, expansions, product launches & approvals, and agreements, in the seaweed protein market

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Europe market into Poland, the UK, Italy, and Germany
  • Further breakdown of the Rest of Asia Pacific market into India, Vietnam, Malaysia, and Thailand
  • Further breakdown of the RoW market into Chile, Brazil, South Africa, and other South American, Middle Eastern, and African countries

Company Information

  •  Detailed analyses and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Seaweed Protein Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Seaweed Protein Market

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