According to the research report, the global Seaweed Protein Market size & share was valued at USD 464.6 Million in 2020 and is expected to reach USD 1,037.6 Million By 2028, to grow at a CAGR of 12.6% during the forecast period.
Seaweed or sea vegetables are the configurations of algae that evolved in the sea. They are a source of food for ocean life and scale in color from green to red to brown to black. The seaweed becomes around shorelines that are rocky globally and is usually consumed in Asian countries like China, Korea, and Japan. It’s adaptable and can be utilized in food products like stews and soups, sushi rolls, smoothies, salad, and supplements. Further, seaweed rates highly in nutrition and is beneficial to health.
Seaweed has an abundant amount of trace elements and minerals. It frequently entails a higher amount of these nutrients than other foods. Based on the location where they are grown, seaweed’s nutrient content can differ. Thus, different types will contain varying amounts of nutrients. Usually, one cup of seaweed provides 5 grams of protein. Iodine content can vary notably between classes, but one serving of seaweed can easily contain iodine that satisfies the benchmark of one day. Some profess that seaweed is a substantial plant source of vitamin B12, found in poultry, meat, dairy, and eggs. But yet, it is debatable whether the form of vitamin B12 is functional in humans. Ultimately seaweed carries abundant anti-oxidants. It also has a sufficient amount of sulfated polysaccharides, which are promising compounds of plants that contribute to seaweed health benefits.
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Key Highlights of The Report
Top Global Market Players Are:
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Important Questions Being Answered by The Market Report
Seaweed Protein Market: Growth Leading Factors
The global seaweed industry is observing massive growth predominantly because of the growing popularity of products that are plant-based. Also, intake of natural components is in vogue, and seaweeds are healthy as they are abundant in minerals, vitamins, and micronutrients, which assist in advancing good health. Further, essential players functioning in the market are acquiring collaborations that are strategic to provide the best products to the consumers.
Growing demand for processed food because of speedy urbanization and a growing working population will enhance the need for food and beverages, affirmatively influencing the seaweed protein business gestures. Consumers lean towards diets that are healthy, including low sugar, low calories, and diet that is protein-rich will drive towards an increasing number of people preferring these proteins. The growing demand for organic food products in tandem with the ever-increasing demand for high protein beverages is pushing the food and beverages industry.
The rapid emergence of a covid-19 pandemic has restricted the regular procedure of several industries because several factories are encountering problems in their manufacturing and process of transportation. Further, several vendors, farmers, and manufacturers included in the production of seaweed are experiencing losses that are massive in their business because of considerable reduction in prices of seaweed which hindered the growth of the market.
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Global Seaweed Protein Market: Report Scope
Report Attribute
Details
Market Size 2020 Value
USD 464.6 Million
Market Outlook for 2028
USD 1,037.6 Million
Expected CAGR Growth
12.6% from 2021 – 2028
Base year
2020
Forecast period
2021 – 2028
Segments covered
By Source, By Application, By Region
Key Companies
Acadian Seaplants, Agrocare, Algaia, Aquagri Processing Private Limited., AtSeaNova, Beijing Leili Agriculture Co. Ltd, Cargill Incorporated, CEAMSA, Compo Expert GmBH, Extractos Naturales Gelymar S.A., Kelco U.S., Inc., Le Groupe Roullier, Qingdao Gather Great Ocean Algae Industry Group, Seasol International, Trophic LLC, Irish Seaweeds, Mara Seaweed, The Seaweed Company.
Regional scope
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Customization Options
Customized purchase options are available to meet your research needs.
Seaweed Protein Market: Key Segmentation
By source, the red type dominates the market because they are abundant in minerals, proteins, trace elements, vitamins s, and essential fatty acids. Additionally, red seaweeds are eaten in the raw form of a salad, condiments, soups, and meals. By application, the animal feed is supposed to have the speediest growth attributed to the usage of seaweed extract for supplements of feed that assist animals in enhancing their gut by eliminating the presence of all harmful microbes.
By region, Asia Pacific is emerging with a dominant market. The unmanageable population of humans in the Asian area will escalate the prices of human proteins. Thus producers are attempting to make protein options that are cost-effective, like seaweed proteins. Asian countries have a long history of utilizing seaweed in supplements and food. Likewise, the market is also growing in North America as its consumption is increasing due to its being rich in micronutrients, vitamins, and minerals. It enhances the seaweed protein market globally. Additionally, to increase the reach of products, companies are contemplating partnerships and collaborations that are strategic to improve the seaweed protein market globally.
Browse the full “Seaweed Protein Market Share, Size, Trends, Industry Analysis Report, By Source (Green Seaweed, Red Seaweed, Brown Seaweed); By Application (Animal Feed, Pharmaceutical and Nutraceutical, Food & Beverages, Personal Care and Cosmetics, Others); By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/seaweed-protein-market
The market primarily depends on the source, application, and region
Seaweed Protein Market: By Source
Seaweed Protein Market: By Application
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