Cibi e Bevande
Seaweed Protein Market to Reach $1.51 Bn, Globally, by 2030 at 11.6% CAGR: Allied Market Research
The need for healthy plant-based products, a rise in occurrence of various diseases, increased awareness regarding health and fitness among consumers, the extensive use of seaweeds in dietary supplements due to their nutritional worth, flavor-enhancing capabilities and weight-loss properties and the presence of high concentration of bioactive compounds in seaweeds drive the growth of the global seaweed protein market. However, seaweed farming is more expensive than land farming. In addition, excessive consumption of seaweed is associated with health problems due to the presence of toxic minerals. These factors hinder the market growth. On the other hand, new uses for seaweed raised its demand. Seaweed is used as a thickener in the textile industry and is used to improve soil quality in agriculture. This factor presents new opportunities in the market in the coming years.
Based on source, the red segment contributed to the highest market share in 2021, grabbing nearly three-fifths of the global seaweed protein market, and is expected to maintain a noteworthy growth during the forecast period. This is due to the high consumption of red seaweeds with meals, salads, sauces and soups in Asian countries. Additionally, there are other well-known red seaweeds with great nutritional value that are primarily consumed in nations like Korea, Britain and Japan . The same segment is projected to witness the fastest CAGR of 12.6% from 2022 to 2030.
Based on application, the food segment contributed to the highest market share of more than two-thirds of the global seaweed protein market in 2021, and is expected to maintain its leadership status during the forecast period. This is attributed to the extensive use of seaweed in the food industry. However, the animal feed and additives segment is expected to exhibit the highest CAGR of 13.4% from 2022 to 2030. This is because seaweed protein is extensively used in animal feeds due to the presence of nutrients in it.
Based on region, Asia-Pacific held the highest market share in 2021, accounting for more than one-third of the global seaweed protein market, and is expected to maintain its dominance during the forecast period. Seaweed has traditionally been used in food and supplements in Asian nations, and therefore, the demand for seaweed protein is expected rise sharply in the coming years. However, North America is projected to manifest the fastest CAGR of 13.4% during the forecast period, owing to the high demand for plant-based products in the region. The other regions discussed in the report are Europe and LAMEA.
The report analyzes these key players of the global seaweed protein market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
https://www.alliedmarketresearch.com/avenue/trial/starter
https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
+1-800-792-5285, +1-503-894-6022
+44-845-528-1300
+852-301-84916
+91-20-66346060
+1(855)550-5975
https://www.alliedmarketresearch.com
https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg