Market Overview:
The global sea vegetables market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for sea vegetables as food and feed ingredients. Sea vegetables are rich in nutrients and have various health benefits, which is driving their demand as food ingredients. In addition, the growing awareness about the health benefits of consuming sea vegetables is also contributing to the growth of this market. On the basis of type, red algae accounted for the largest share of the global sea vegetables market in 2017. This can be attributed to their high nutritional value and various health benefits such as cancer prevention, anti-inflammatory properties, and improved heart health.
Product Definition:
Sea vegetables are a wide variety of edible plants that grow in the ocean. They can be eaten fresh or dried and used in soups, stews, or salads. Sea vegetables are often high in minerals such as iodine and iron, as well as vitamins A and C. They are an important source of nutrients for people who follow a vegetarian or vegan diet.
Red Algae:
Red algae, also known as H. pluvialis or Sargassum, is a seaweed-like marine plant that lives in the intertidal and shallow subtidal regions of every ocean around the world. It is primarily found in tropical and subtropical waters worldwide with smaller populations found in cooler temperate waters (North America & Europe) and higher elevations (mountainous regions including Asia).
Brown Algae:
Brown algae is a type of seaweed and is the most common form of algae. It has a leathery texture and can grow up to 1 meter in length. Brown algae are found in all temperate waters around the world, mostly near shorelines but do occur far out at sea as well.
Application Insights:
The food segment accounted for the largest revenue share of over 60% in 2017. The application of sea vegetables in food processing is gaining popularity as it provides various health benefits and helps maintain a healthy weight. Moreover, increasing consumer awareness regarding the benefits associated with sea vegetables is expected to drive demand over the forecast period.
The feed segment was valued at USD 575 million in 2017 and is expected to witness significant growth on account of high nutritional value and ability to improve livestock productivity. Furthermore, rising demand for animal protein as a result of growing population coupled with changing lifestyles has increased meat consumption globally which, in turn, will boost market growth over the coming years.
Increasing environmental concerns regarding greenhouse gas emissions due to extensive use of fossil fuels such as coal.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth on account of rising population, increasing disposable income and changing food habits. Rising awareness regarding health benefits has led to a surge in demand from feed industry. China is one of the major producers and consumers across this region owing to its abundant natural resources as well as growing domestic market needs for sea vegetables products.
Europe was valued at USD X million in 2017 and is anticipated to expand at a CAGR of XX% over the forecast period on account of growing aquaculture production coupled with consumer acceptance towards sea vegetables as an ingredient in animal feed supplements especially fishmeal and fish oil concentrates used by marine animals such as salmonids, mollusks including mussels, oysters & clams among others).
Growth Factors:
- Increasing awareness about the health benefits of sea vegetables is driving the growth of the market.
- Rising demand for healthy and organic food products is another major factor propelling the growth of this market.
- The increasing popularity of sushi and other seafood dishes is also contributing to the growth of this market.
- Growing demand from emerging markets such as China and India is providing a significant impetus to this market’s growth prospects.
- The increasing use of sea vegetables in functional foods and dietary supplements is also fueling its expansion globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Sea Vegetables Market Research Report
By Type
Red Algae, Brown Algae, Green Algae, Others
By Application
Food, Feed
By Companies
Seakura, Kelpak, Seagate Products, Cargill, Irish Seaweeds, AlgAran, Dakini Tidal Wilds, Wild Irish Sea Veg, Weihai Shidai Marine Biotechnology, Shandong Lidao Oceanic Technology, Fujian Lianjiang Tianyuan Aquatic, Xunshan Group, Qingdao Gather Great Ocean Algae, Fujian Yiyuan Sea Food Company, Fujian Huangqiwan Sea Food Biotechnology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Sea Vegetables Market Report Segments:
The global Sea Vegetables market is segmented on the basis of:
Types
Red Algae, Brown Algae, Green Algae, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Feed
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Seakura
- Kelpak
- Seagate Products
- Cargill
- Irish Seaweeds
- AlgAran
- Dakini Tidal Wilds
- Wild Irish Sea Veg
- Weihai Shidai Marine Biotechnology
- Shandong Lidao Oceanic Technology
- Fujian Lianjiang Tianyuan Aquatic
- Xunshan Group
- Qingdao Gather Great Ocean Algae
- Fujian Yiyuan Sea Food Company
- Fujian Huangqiwan Sea Food Biotechnology
Highlights of The Sea Vegetables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Red Algae
- Brown Algae
- Green Algae
- Others
- By Application:
- Food
- Feed
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sea Vegetables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sea vegetables are a type of seaweed. They are harvested from the ocean and typically have a mild flavor.
Some of the major companies in the sea vegetables market are Seakura, Kelpak, Seagate Products, Cargill, Irish Seaweeds, AlgAran, Dakini Tidal Wilds, Wild Irish Sea Veg, Weihai Shidai Marine Biotechnology, Shandong Lidao Oceanic Technology, Fujian Lianjiang Tianyuan Aquatic, Xunshan Group, Qingdao Gather Great Ocean Algae, Fujian Yiyuan Sea Food Company, Fujian Huangqiwan Sea Food Biotechnology.
The sea vegetables market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sea Vegetables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sea Vegetables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sea Vegetables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sea Vegetables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sea Vegetables Market Size & Forecast, 2020-2028
4.5.1 Sea Vegetables Market Size and Y-o-Y Growth
4.5.2 Sea Vegetables Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Red Algae
5.2.2 Brown Algae
5.2.3 Green Algae
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Feed
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sea Vegetables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sea Vegetables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Red Algae
9.6.2 Brown Algae
9.6.3 Green Algae
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Feed
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Red Algae
10.6.2 Brown Algae
10.6.3 Green Algae
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Feed
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Red Algae
11.6.2 Brown Algae
11.6.3 Green Algae
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Feed
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Red Algae
12.6.2 Brown Algae
12.6.3 Green Algae
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Feed
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Red Algae
13.6.2 Brown Algae
13.6.3 Green Algae
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Feed
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sea Vegetables Market: Competitive Dashboard
14.2 Global Sea Vegetables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Seakura
14.3.2 Kelpak
14.3.3 Seagate Products
14.3.4 Cargill
14.3.5 Irish Seaweeds
14.3.6 AlgAran
14.3.7 Dakini Tidal Wilds
14.3.8 Wild Irish Sea Veg
14.3.9 Weihai Shidai Marine Biotechnology
14.3.10 Shandong Lidao Oceanic Technology
14.3.11 Fujian Lianjiang Tianyuan Aquatic
14.3.12 Xunshan Group
14.3.13 Qingdao Gather Great Ocean Algae
14.3.14 Fujian Yiyuan Sea Food Company
14.3.15 Fujian Huangqiwan Sea Food Biotechnology
