Macroalgae Market: Food Industry to Remain Prime End-use Consumer, Promising Growth Outlook Foreseen in Asian Countries: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028
- Tables: 47
- Figures: 78
- No. of Pages: 256
- Published: 2019-03-29
- Report Code: REP-GB-9276
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Format:
An Incisive, In-depth Analysis on the Macroalgae Market
This study offers a comprehensive, 360 degree analysis on the Macroalgae market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Macroalgae market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global Macroalgae Market – Key Research Findings
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The global macroalgae market was valued at around US$ 7,882.6 Mn in 2017, and is projected to grow at an 8% CAGR over 2018–2028.
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Escalating production of macroalgae is observed in China, Indonesia, Korea, Philippines, Japan, and other Asian countries.
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China and South East Asia, together, contribute more that 90% of the global production and consumption of macroalgae.
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The food industry is a prominent consumer of macroalgae, globally. However, other end uses such as cosmetics, fertilizers, and pharmaceuticals are also gaining market share in terms of consumption of macroalgae.
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A large part of macroalgae that is produced is converted into hydrocolloids, which have wide applications in food and related products.
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Increasing awareness about the nutritional value of macroalgae is expected to push the global demand for macroalgae.
Top 3 Factors Shaping the Macroalgae Market
Increasing Demand for a Variety of Food Products Leads to an Increase in the Demand for Macroalgae
Increasing population in Asian countries is putting pressure on food production industries, including agriculture, poultry, and others. Increasing interest in high-nutrition food products is leading to a surge the demand for macroalgae from the food industry. The growing demand for seaweed snacks, along with the increasing popularity of Japanese cuisines, is expected to drive the demand for macroalgae in the food industry.
Asia Pacific countries are emphasizing more on increasing the production of macroalgae. Various programs and initiatives have been launched by the governments in these countries to support macroalgae farming.
Increasing Demand for Animal Feed Creating a Positive Impact on the Macroalgae Market
Due to the increasing population and growing animal industry, the demand for animal feed from poultry farms and other end users is rapidly increasing. Macroalgae can be used as an animal feed, which plays a vital role in improving animal health by giving them proper nutrition. Increasing demand for animal feed results in the growth of the macroalgae market.
Currently, the annual global demand for chicken is around 90 million tons. Thus, the poultry market is observing huge demand, which is expected to rise further. Owing to this, poultry farm owners are focusing on the quality of poultry with good nutrition feed for their animals. As a result, opportunities for the growth of the macroalgae market are increasing all over the world, as it a rich source of proteins and other nutrients.
Other End Uses Also Adding Growth to the Market of Macroalgae
Macroalgae plays a significant role in the wellness and beauty industry, due to its wide variety of applications. As the consumption of bio-based health supplements increases, the consumption of seaweed in the pharmaceutical and personal care industries is also rising. Macroalgae is also a rich source of plant supplements.
Macroalgae has been seen as a good alternative to chemical-based fertilizers. The increasing demand for ecofriendly fertilizers is expected to boost the demand for macroalgae from the agricultural industry. The rising demand for nature-based ingredients in skin care products such as gels, shampoos, cleansers, and oil is also creating a positive impact on the market of macroalgae.
Manufacturers are exploring new applications of macroalgae extracts through continuous research. Large players are investing in R&D for the development of various new products from macroalgae for the benefit of human beings and other animals. This is expected to bolster the growing market of macroalgae during the forecast period.
Macroalgae Market: Structure Analysis
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Top key players operating in the macroalgae market include Dow Dupoint Inc., Cargill Inc., Biostadt India Limited, CP Kelco, Acadian Seaplants Limited, Nantong Tianfu Seaweeds & Aquatics Co., Ltd., Qingdao Rongde Seaweed Co., Ltd, Haian Qingxin Food Co., Ltd., Extractos Naturales Gelymar S.A., Seasol International Pty Ltd, Qingdao Seawin Biotech Group Co., Ltd., Compañía Española de Algas Marinas S.A., and Indigrow Ltd., among others
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These players are trying to expand and grow in the macroalgae market through strategic steps of development, such as acquisitions, expansion, and joint ventures. This report on the macroalgae market is designed to provide relevant information regarding these players, and also about the key strategies that they have adopted.
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Manufacturers are focusing on the sales of macroalgae by extracting its ingredients and developing new products through it. This could be a differentiating strategy for the growth of revenue in the coming years.
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Easy entry into the market and growth in demand are attracting new small players so as to access the increasing opportunities in the global macroalgae market.
This research study by FMI (Future Market Insights) offers a ten-year forecast for the global macroalgae market for the forecast period 2018-2028. To estimate the market value of macroalgae, we have considered FY 2017 as the base year, and market values have been estimated keeping in mind the trends, driving factors, and key developments by key global macroalgae market participants. The compound annual growth rate (CAGR) for the macroalgae market has been derived for the forecast period of 2018 to 2028.
This global macroalgae market report consists of around 23 sections that elaborate market numbers in terms of volume in kilotons (KT) and value in US$ million, at regional and global levels. The first section of the global macroalgae market report covers an executive summary that highlights the key trends that are being witnessed in the global market from the manufacturers’ side as well as consumers’ side. The next section covers the global macroalgae market introduction; including the taxonomy by source, type, application, and end use; definitions of the segments considered; and other information relevant to the global macroalgae market.
In the next section of the global macroalgae market report, we have provided market viewpoints that include macroeconomic factors and value chain analysis, along with a list of raw material suppliers, and macroalgae manufacturers, distributors, and end users.
The successive section of the global macroalgae market report includes a global industry analysis by volume and value, along with pricing analysis for North America, Latin America, Western Europe, Eastern Europe, South East Asia & Pacific, the Middle East & Africa, China, Japan, and India, with a weighted average price for every region. The next section of the global macroalgae market report includes qualitative and quantitative analysis of the macroalgae market by every segment considered.
This macroalgae market report focuses on analysing the market opportunities and getting a detailed understanding of the macroalgae market. The report elaborates on the regional analysis, market dynamics, market structure, and competition landscape of the macroalgae market for the next ten years, i.e. 2018-2028.
Each section of the macroalgae market report includes a qualitative and quantitative assessment of the market on the basis of historical data or developments, and facts and key opinions collected from various end-use industry participants through primary interviews, annual reports, newsletters, press releases, etc. The report on the global macroalgae market studies some of the major players in the macroalgae market, such as Dow Dupoint Inc., Cargill Inc., Biostadt India Limited, CP Kelco, Acadian Seaplants Limited, Nantong Tianfu Seaweeds & Aquatics Co., Ltd., Qingdao Rongde Seaweed Co., Ltd, Haian Qingxin Food Co., Ltd., Extractos Naturales Gelymar S.A., Seasol International Pty Ltd, Qingdao Seawin Biotech Group Co., Ltd., Compañía Española de Algas Marinas S.A., and Indigrow Ltd.
Macroalgae Market: Segmentation
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Macroalgae Market: Research Methodology
The initial stage of the research study includes the formulation of assumptions that are necessary for primary and secondary research. Further stages of research involve the triangulation of the data collected from these two approaches. To analyse the global macroalgae market trends and opportunities for macroalgae manufacturers, the market has been segmented on the basis of source, type, application, end use, and region.
For the analysis of consumption, we have considered FY 2017 as the base year. Basic data was collected from manufacturers’ annual reports, newsletters, public reports published by government as well as private agencies, World Bank’s sources, etc. For final analysis of the market data, we considered demand-side as well as supply-side drivers and trends in various regional markets. We have forecasted the market data on the basis of key developments, regional trends, and production-consumption scenario of macroalgae. For forecasting the market data, we have considered historic data for the period of 2013-2017.
Macroalgae Market Reports - Table of Contents
4. Forecast Factors: Relevance and Impact
23. Assumptions and Acronyms Used
24. Research Methodology
Macroalgae Market Reports - List of Tables
Table 01: Global Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 02: Global Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 03: Global Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 04: Global Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 05: Global Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Region
Table 06: North America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Country
Table 07: North America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 08: North America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 09: North America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 10: North America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 11: Latin America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Country
Table 12: Latin America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 13: Latin America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 14: Latin America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 15: Latin America Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 16: Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Country
Table 17: Western Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 18: Western Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 19: Western Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 20: Western Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 21: Eastern Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Country
Table 22: Eastern Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 23: Eastern Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 24: Eastern Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 25: Eastern Europe Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 26: South Asia Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Country
Table 27: South East Asia & Pacific Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 28: South East Asia & Pacific Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 29: South East Asia & Pacific Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 30: South East Asia & Pacific Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 31: China Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 32: China Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 33: China Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 34: China Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 35: India Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 36: India Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 37: India Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 38: India Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 39: Japan Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 40: Japan Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 41: Japan Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 42: Japan Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Table 43: Middle East & Africa Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Country
Table 44: Middle East & Africa Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Source
Table 45: Middle East & Africa Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Type
Table 46: Middle East & Africa Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By Application
Table 47: Middle East & Africa Macroalgae Market Value (US$ Mn) and Volume (Kilotons) Historical Data 2013 – 2017 and Forecast 2018 – 2028 By End Use
Macroalgae Market Reports - List of Figures
Figure 01: Global Macroalgae Market Historical Volume (Kilotons), 2013 – 2017
Figure 02: Global Macroalgae Market Volume (Kilotons) Forecast, 2018 – 2028
Figure 03: Global Macroalgae Market Historical Value (US$ Mn), 2013 – 2017
Figure 04: Global Macroalgae Market Value (US$ Mn) Forecast, 2018 – 2028
Figure 05: Global Macroalgae Market Absolute $ Opportunity, 2013 to 2017 & 2028
Figure 06: Global Macroalgae Market Share and BPS Analysis by Source, 2018 & 2028
Figure 07: Global Macroalgae Market Y-o-Y Growth Projections by Source, 2018-2028
Figure 08: Global Macroalgae Market Attractiveness by Source, 2018-2028
Figure 09: Global Macroalgae Market Absolute $ Opportunity by Natural Segment, 2017 – 2028
Figure 10: Global Macroalgae Market Absolute $ Opportunity by Cultivated Segment, 2017 – 2028
Figure 11: Global Macroalgae Market Share and BPS Analysis by Type, 2018 & 2028
Figure 12: Global Macroalgae Market Y-o-Y Growth Projections by Type, 2018-2028
Figure 13: Global Macroalgae Market Attractiveness by Type, 2018-2028
Figure 14: Global Macroalgae Market Absolute $ Opportunity by Brown Segment type, 2017 – 2028
Figure 15: Global Macroalgae Market Absolute $ Opportunity by Red Segment type, 2017 – 2028
Figure 16: Global Macroalgae Market Absolute $ Opportunity by Green Segment type, 2017 – 2028
Figure 17: Global Macroalgae Market Share and BPS Analysis by Application– 2018 & 2028
Figure 18: Global Macroalgae Market Y-o-Y Growth Projections by Application, 2018-2028
Figure 19: Global Macroalgae Market Attractiveness by Application, 2018-2028
Figure 20: Global Macroalgae Market Absolute $ Opportunity by Hydrocolloids Segment, 2017 – 2028
Figure 21: Global Macroalgae Market Absolute $ Opportunity by Feed Segment, 2017 – 2028
Figure 22: Global Macroalgae Market Absolute $ Opportunity by Others Segment, 2017 – 2028
Figure 23: Global Macroalgae Market Share and BPS Analysis by End Use, 2018 & 2028
Figure 24: Global Macroalgae Market Y-o-Y Growth Projections by End Use, 2018-2028
Figure 25: Global Macroalgae Market Attractiveness by End Use, 2018-2028
Figure 26: Global Macroalgae Market Absolute $ Opportunity by Food Segment, 2017 – 2028
Figure 27: Global Macroalgae Market Absolute $ Opportunity by Fertilizer Segment, 2017 – 2028
Figure 28: Global Macroalgae Market Absolute $ Opportunity by Cosmetics Segment, 2017 – 2028
Figure 29: Global Macroalgae Market Absolute $ Opportunity by Animal Feed Segment, 2017 – 2028
Figure 30: Global Macroalgae Market Share and BPS Analysis by Region– 2018 & 2028
Figure 31: Global Macroalgae Market Y-o-Y Growth Projections by Region, 2018-2028
Figure 32: Global Macroalgae Market Attractiveness by Region, 2018-2028
Figure 33: North America Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 34: Latin America Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 35: Western Europe Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 36: Eastern Europe Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 37: China Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 38: India Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 39: Japan Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 40: SEA & Other APAC Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 41: Middle East & Africa Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 42: North America Macroalgae Market Share and BPS Analysis by Product Type– 2018 & 2028
Figure 43: North America Macroalgae Market Y-o-Y Growth Projections by Product Type, 2018-2028
Figure 44: North America Macroalgae Market Attractiveness by Product Type, 2018-2028
Figure 45: US Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 46: Canada Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 47: North America Macroalgae Market Share and BPS Analysis by Source– 2018 & 2028
Figure 48: North America Macroalgae Market Y-o-Y Growth Projections by Source, 2018-2028
Figure 49: North America Macroalgae Market Attractiveness by Source, 2018-2028
Figure 50: North America Macroalgae Market Share and BPS Analysis by Type, 2018 & 2028
Figure 51: North America Macroalgae Market Y-o-Y Growth Projections by Type, 2018-2028
Figure 52: North America Macroalgae Market Attractiveness by Type, 2018-2028
Figure 53: North America Macroalgae Market Share and BPS Analysis by Application– 2018 & 2028
Figure 54: North America Macroalgae Market Y-o-Y Growth Projections by Application, 2018-2028
Figure 55: North America Macroalgae Market Attractiveness by Application, 2018-2028
Figure 56: North America Macroalgae Market Share and BPS Analysis by End Use, 2018 & 2028
Figure 57: North America l Macroalgae Market Y-o-Y Growth Projections by End Use, 2018-2028
Figure 58: North America Macroalgae Market Attractiveness by End Use, 2018-2028
Figure 59: Latin America Macroalgae Market Share and BPS Analysis by Product Type– 2018 & 2028
Figure 60: Latin America Macroalgae Market Y-o-Y Growth Projections by Product Type, 2018-2028
Figure 61: Latin America Macroalgae Market Attractiveness by Product Type, 2018-2028
Figure 62: Brazil Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 63: Mexico Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 64: Rest of Latin America Macroalgae Market Absolute $ Opportunity, 2017 – 2028
Figure 65: Latin America Macroalgae Market Share and BPS Analysis by Source– 2018 & 2028
Figure 66: Latin America Macroalgae Market Y-o-Y Growth Projections by Source, 2018-2028
Figure 67: Latin America Macroalgae Market Attractiveness by Source, 2018-2028
Figure 68: Latin America Macroalgae Market Share and BPS Analysis by Type, 2018 & 2028
Figure 69: Latin America Macroalgae Market Y-o-Y Growth Projections by Type, 2018-2028
Figure 70: Latin America Macroalgae Market Attractiveness by Type, 2018-2028
Figure 71: Latin America Macroalgae Market Share and BPS Analysis by Application– 2018 & 2028
Figure 72: Latin America Macroalgae Market Y-o-Y Growth Projections by Application, 2018-2028
Figure 73: Latin America Macroalgae Market Attractiveness by Application, 2018-2028
Figure 74: Latin America Macroalgae Market Share and BPS Analysis by End Use, 2018 & 2028
Figure 75: Latin America l Macroalgae Market Y-o-Y Growth Projections by End Use, 2018-2028
Figure 76: Latin America Macroalgae Market Attractiveness by End Use, 2018-2028
Figure 77: Western Europe Macroalgae Market Share and BPS Analysis by Product Type– 2018 & 2028
Figure 78: Western Europe Macroalgae Market Y-o-Y Growth Projections by Product Type, 2018-2028
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