The market for Seaweed protein is estimated at USD 585 million in 2022; it is projected to grow at a CAGR of 14.1% to reach USD 1131 million by 2027. Increasing awareness regarding nutrition and healthy lifestyles is driving the market for seaweed protein. It is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. When combined with proper nutrition, seaweed protein can enhance the body’s natural defenses and immunity. As people become more conscious of holistic wellbeing, and growing population shifting towards aplant based lifestyle the market for seaweed protein is expected to increase in the coming years.
The Seaweed protein market consists of a few globally established players such as CP Kelco U.S., Inc. (US), Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China), Qingdao Brightmoon Seaweed Co Group Co. Ltd (China), Cargill Incorporated (US) Gelymar SA (Chile), Ceamsa (Spain), BASF (Germany), Irish Seaweed (Ireland), Dupont Nutrition and Biosciences (US), Compo Expert Group (Germany), Beijing Leili Agricultural Co, Ltd (China), Groupe Roullier (France), Acadian Seaplants (Canada). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments
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CP Kelco US, Inc. is a pioneer in the development of natural ingredient solutions. It offers a number of product lines for use in the food, beverage, and consumer industries. CP Kelcos parent firm is JM. Huber Corporation. The company has activities and systems that are technologically advanced in 22 countries throughout the world. Kelcos primary products include carrageenan, citrus fibre, xanthum gum, diutan gum, fermentation derived cellulose (FDC), gellan gum, pectin, and refined locust bean gum. Bakery, beverage, clinical nutrition, fruit applications, health and personal care, dairy and dairy alternatives, domestic products, paper producing confectioneries and desserts, and other industrial applications are among the industries served by the company. According to the corporation, seaweed is mostly produced in Asia, Canada, Chile, and Africa, with 98 percent of the total volume sold to over 100 countries. The company also has excellent quality standards and is certified with ISO 9001:2008, KOSHER, and Environmental ISO 14001 certifications.
Algaia is a bio marine ingredients firm that specializes in the production and distribution of seaweed extracts. Food, cosmetics, dietary supplements, and nutrition are all industries that use these goods. The corporation has a commercial presence in over 50 countries across all continents, either directly or through strategic partners. Another example is the companys recent strategic partnership with Chilean player Gelymar. By extending their product reach, the agreement will benefit both companies. Carageenans, plant biostimulants, alginates, and specialty seaweed extracts are among the companys products. The company also offers lab analytical services such as biomass valorization, biochemical analysis, and bioactivity assessment in addition to seaweed goods. Algaia has developed a strong global network with leading companies, such as Enil-Besancon Mamirolle, Cornelius, Unipex, AIDP, GFI, SMEL, and Evergreen
Algea is a renowned Norwegian company that harvests and manufactures seaweed-based products. During the summers in the chilly Norwegian sea, the company harvests seaweeds such as Ascophyllum nodosum, which can endure winter frost and unusual light conditions. The company designs and develops novel solutions for agricultural and animal feed applications using technologically advanced systems such as the Geapower. The primary seaweed solutions offered by the company are algeafeed and algeafret. Algea has three plants in Norway and takes a sustainable approach to seaweed cultivation for the production of seaweed-based products. The main export and distribution regions are North America, Asia, and Africa.
Qingdao Gather Great Ocean Algae Industry Group Co., Ltd (GGOG) is a China based seaweed products company with eight subsidiaries. Sodium alginate, carrageenan, agar agar, seaweed polysaccharide empty capsules, pharmaceutical excipients, propylene glycol alginate, and other marine biological products are among the companys many seaweed-based goods. The company develops premium products with high innovation and quality certifications. The company is well known among institutes like National Enterprise Technology Center, National High-tech Enterprise, National Seaweed Comprehensive Processing Technology Center, and National Seaweed Comprehensive Processing Technology Center.
Seaweed Protein Market by Source (Red Seaweed, Green Seaweed & Brown Seaweed), Extraction Process (Conventional Method & Current Method), Mode of Application (Food, Animal Feed & Additives, Personal Care & Cosmetics) & Region - Global Forecast to 2027
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