Macroalgae Market

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

  • 2019-03-29
  • REP-GB-9276
  • 47 Tables
  • 78 Figures
  • 256 pages
 Macroalgae Market

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.

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Global Macroalgae Market – Key Research Findings

  1. 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.

  2. Escalating production of macroalgae is observed in China, Indonesia, Korea, Philippines, Japan, and other Asian countries.

  3. China and South East Asia, together, contribute more that 90% of the global production and consumption of macroalgae.

  4. 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.

  5. A large part of macroalgae that is produced is converted into food hydrocolloids, which have wide applications in food and related products.

  6. 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 additives from industries and 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 and seaweed extracts 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

  • 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

  • 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.

  • 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.

  • 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

By Source

By Type

By Application

By End Use

By Region

  • Natural

  • Brown

  • Hydrocolloids

  • Food

  • North America

  • Cultivated

  • Red

  • Feed

  • Fertilizers

  • Western Europe


  • Green

  • Others

  • Cosmetics

  • SEA & Other APAC




  • Animal Feed

  • China





  • India





  • Japan





  • Middle East & Africa

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.

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development


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