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Europe Seaweed Market
Europe Seaweed Market by Type (Red Seaweed, Brown Seaweed, Green Seaweed), Form (Dry Form [Powder, Flakes], and Liquid Form), Application (Food and Beverage, Hydrocolloids Extraction, Animal Feed, Agriculture), and Geography - Forecast to 2030
Report ID:MRFB - 104811 Pages: 116 Apr-2023 Formats*: PDF Category: Food and Beverages Delivery: 2 to 4 HoursThis report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in the field of algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.
The Europe Seaweed Market is projected to reach $5.65 billion by 2030, at a CAGR of 16.6% from 2023–2030. Moreover, in terms of volume, the Europe Seaweed Market is projected to reach 1,815.25 KT by 2030, at a CAGR of 17.7% during the forecast period 2023 to 2030.
The popularity of seaweed is on the rise due to its growing applications in various food products. Seaweed-based products are also gaining popularity in Western countries due to their health benefits. Consumers perceive seaweed as healthy, nutritious, and natural, specifically as a safe, fresh, and good source of protein and iodine with low calories. Seaweed also contains vitamins, minerals, and fiber, further increasing its demand.
The growth of the Europe seaweed market is primarily driven by the increasing adoption of plant-based products by consumers, the growing consumption of seaweed-based products due to their high nutrient and mineral content, and rising government initiatives to boost seaweed cultivation. Additionally, the growing demand for biofuels and the technological advancements in seaweed cultivation are expected to provide significant market growth opportunities. However, the increasing prevalence of natural calamities is expected to restrain the growth of this market.
Increasing Consumption of Seaweed-based Products
In Europe, several seaweed species are widely used in various food products. In the last few decades, seaweed-based products have gained popularity due to their health benefits. In countries like Ireland, Scotland, Wales, and Norway, seaweed has been a traditional food source for centuries and continues to be an essential part of the local cuisine. Seaweed is commonly used in dishes such as seaweed salads, soups, and stews and as a seasoning for fish and meat.
In other parts of Europe, seaweed is less commonly consumed as food. However, there has been a recent trend towards incorporating seaweed into the European diet due to its nutritional benefits and potential as a sustainable food source. Seaweed is high in vitamins and minerals such as iodine, calcium, and iron and can also be a source of protein.
Seaweed is widely perceived by consumers as a healthy and nutritious food option and is considered to be safe, fresh, a good source of protein and iodine, and low in calories. Furthermore, seaweeds contain vitamins, minerals, and fibers, which have increased their popularity among consumers. Major players are focusing on innovative food products to cater to various demographics. The high levels of antioxidants, micronutrients, and fiber found in seaweed also contribute to its market demand. Seaweed-containing food products such as snacks, noodles, and health drinks are witnessing increased demand in Europe. Besides human consumption, seaweed is used in fertilizers and soil conditioners, animal feed, fish feed, biomass for fuel, cosmetics, integrated aquaculture, and wastewater treatment to reduce nitrogen- and phosphorus-containing compounds and remove toxic metals from industrial wastewater. Thus, the wide applications of seaweed and its benefits have increased the consumption of seaweed-based products.
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Source of High Nutrients and Minerals
The growing awareness of the health benefits of seaweed-based products is a key factor driving its popularity among consumers. Seaweed is rich in vitamins, minerals, and fibers and contains anti-inflammatory, anti-microbial, and anti-cancer properties. Seaweed contains high amounts of fiber, nutrients such as high iodine, sodium, zinc, folate, calcium, magnesium, iron, vitamins (A, C, E, and K), antioxidants, carotenoids, and flavonoids. Seaweed can also be a good source of omega-3 fats and vitamin B12. Fucoxanthin, alginate, and other compounds in seaweed help to reduce blood sugar levels in the body, consequently reducing the risk of diabetes. The daily iodine requirement of 150 μg/day in adults is easily met by small quantities of seaweed, particularly brown algae such as kelp, which has an iodine content range from 1,500 to 8,000 parts per million. According to the World Health Organization, iodine deficiency is the most prevalent and easily preventable cause of impaired cognitive development in children.
As seaweeds contain high nutrients and minerals, it has a wide range of applications in food and beverage, cosmetics, pharmaceuticals, agriculture, and other industries. In the food & beverage industry, seaweeds are used for their hydrocolloid properties. Seaweed offers numerous health benefits, including reducing the risk of heart disease, aiding in weight loss, and strengthening bones, which drive its demand in the food and beverage industry.
In the agriculture industry, seaweeds are used to boost the yield and productivity of crops. It further improves root structures, plant developments like flowering, leaf & fruit development and enhances plant resistance to diseases and climatic stresses, such as cold or drought. Furthermore, it also improves soil structure and water-holding capacity and soil microbiology.
In the cosmetic industry, seaweed extracts are widely used due to their numerous benefits for the skin. Seaweed extracts are known to improve skin tone, reduce wrinkles, and rejuvenate aging skin. Moreover, seaweed is commonly used in gelling and thickening agents, which helps to enhance the texture and viscosity of cosmetic products.
The increasing health trend and societal changes have led to a growing demand for natural ingredients in health products. Alternative medicine, particularly food supplements, is also gaining popularity in Europe. As consumers become more conscious about the environment, sustainability has become a significant trend that European companies and consumers demand. By 2050, around 30% of the European population is estimated to be 65 and older, as opposed to 17% in 2013 (Source: Eurostat). The elderly population is an important market segment for natural product manufacturers.
Older consumers tend to use more self-care products and are increasingly interested in natural products. The growing demand for natural ingredients in the food supplement segment drives the demand for seaweed. Furthermore, the high nutrient and mineral content of seaweed boosts its demand in Europe.
Key Findings in the Europe Seaweed Market Study:
In 2023, the Red Seaweed Segment to Dominate the Europe Seaweed Market
Based on type, the Europe seaweed market is segmented into red seaweed, brown seaweed and green seaweed. In 2023, the red seaweed segment is expected to account for the largest share of the Europe seaweed market. The large market share of this segment is attributed to the rising health consciousness among consumers and the growing applications of red seaweed in the food industry due to its unique taste, nutritional benefits, and ease of use. In addition, the increasing demand for red seaweed to extract hydrocolloids such as agar and carrageenan contribute to the significant market share of this segment.
The Dry Form Segment is Slated to Register the Highest CAGR During the Forecast Period
Based on form, the Europe Seaweed market is segmented into dry form and liquid form. The dry form segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing demand for seaweed powder from the food and cosmetics industries. Additionally, the longer shelf-life and ease of transportation & storage of dry seaweed contribute to the growth of this segment.
In 2023, the Food and Beverage Segment to Account for the Largest Share
Based on application, the Europe seaweed market is segmented into food and beverage, hydrocolloid extraction, animal feed, agriculture, and other applications. In 2023, the food and beverage segment is expected to account for the largest share of the Europe seaweed market. The large market share of this segment is attributed to the growing use of seaweed for human consumption, prompted by the rising demand for organic food products and an increase in the consumption of plant-based proteins and vegan products. Moreover, rapid growth in population, increasing awareness of the health benefits of seaweeds, changes in lifestyle and taste preferences among consumers, a shift toward healthy eating habits, and rising disposable income drive the demand for seaweed for food & beverage applications, contributing to the significant market share of this segment.
U.K.: The Dominating Market in the Region
The Europe seaweed market is segmented into the U.K., France, Germany, Italy, Norway, Spain, Ireland, the Netherlands, Denmark, Sweden, and the Rest of Europe (RoE). In 2023, the U.K. is expected to account for the largest share of the Europe seaweed market. The U.K.’s major market share can be attributed to several factors, including the government's initiatives to promote the cultivation and usage of seaweeds in various industries and the increasing demand for organic food products. Furthermore, the growing applications of commercial sea vegetables, particularly in the food industry, and the rising demand for plant supplements and alternative proteins are also key drivers of this market. In addition, the U.K. benefits from large-scale production and consumption of seaweed due to the availability of raw materials & cheap labor and favorable climatic conditions for seaweed production.
However, France is slated to register the highest CAGR during the forecast period. The growth of this market can be attributed to the high import volume of seaweed, the growing demand for clean-label products, and the growing food supplements market, increasing the demand for seaweed in the country.
Key Players
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios and geographic presence and the key growth strategies adopted by them in the past three to four years. Some of the key players operating in the Europe seaweed market are Seaweed & Co. (U.K.), Cargill, Incorporated (U.S.), Ocean Rainforest (Denmark), Thorverk Hf (Iceland), ALGAplus (Portugal), MYCSA Ag, Inc. (U.S.), Seaweed Solutions AS (Norway), The Seaweed Company (South Holland), Baoji Earay Bio-Tech Co., Ltd (China), Shore Seaweed (U.K.), and Algae (Part of Valagro Group) (Norway).
Scope of the Report:
Europe Seaweed Market—by Type
- Red Seaweed
- Brown Seaweed
- Green Seaweed
Europe Seaweed Market—by Form
- Dry Form
- Powder
- Flakes
- Other Forms
- Liquid Form
Europe Seaweed Market—by Application
- Food and Beverage
- Hydrocolloids Extraction
- Animal Feed
- Agriculture
- Other Applications
Europe Seaweed Market—by Region/Country
- U.K.
- France
- Germany
- Italy
- Norway
- Spain
- Ireland
- Netherlands
- Denmark
- Sweden
- Rest of Europe (RoE)
Key Questions Answered in the Report:
The Europe seaweed market is projected to reach $5.65 billion by 2030, at a CAGR of 16.6% from 2023 to 2030.
Based on type, the red seaweed segment is slated to register the highest growth rate during the forecast period, providing significant opportunities for players operating in this market.
Based on form, the dry form segment is slated to register the highest growth rate during the forecast period and provide significant opportunities for players operating in this market.
- Rising Adoption of Plant-Based Products
- Increasing Consumption of Seaweed-based Products
- Source of High Nutrients and Minerals
- Rising Government Initiatives to Boost Seaweed Cultivation
- Growing Prevalence of Natural Calamities
The major key players operating in the Europe seaweed market are Seaweed & Co. (U.K.), Cargill, Incorporated (U.S.), Ocean Rainforest (Denmark), Thorverk Hf (Iceland), ALGAplus (Portugal), MYCSA Ag, Inc. (U.S.), Seaweed Solutions AS (Norway), The Seaweed Company (South Holland), Baoji Earay Bio-Tech Co., Ltd (China), Shore Seaweed (U.K.), and Algae (Part of Valagro Group) (Norway).
France is slated to register the highest CAGR during the forecast period. The rapid market growth in France can be attributed to several factors, including the high import volume of seaweed, the growing demand for clean-label products, and the growing food supplements market, increasing the demand for seaweed in the country.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of The Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Europe Seaweed Market, by Type Segment Analysis
3.2.2. Europe Seaweed Market, by Form Segment Analysis
3.2.3. Europe Seaweed Market, by Application Segment Analysis
3.2.4. Europe Seaweed Market Analysis, by Country/Region
3.3. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Rising Consumer Adoption of Plant-Based Products
4.2.2. Increasing Consumption of Seaweed-Based Products
4.2.3. Source of High Nutrients and Minerals
4.2.4. Rising Government Initiatives to Boost Seaweed Cultivation
4.3. Restraints
4.3.1. Growing Prevalence of Natural Calamities
4.4. Opportunities
4.4.1. Growing Demand for Biofuels
4.4.2. Technological Advancements
4.5. Challenges
4.5.1. Health Complications Associated with Excess Intake
4.6. Trends
4.6.1. Growing Focus on Environmental Sustainability
4.7. Europe Seaweed Production Analysis
4.8. Pricing Analysis
5. Europe Seaweed Market Assessment—by Type
5.1. Overview
5.2. Red Seaweed
5.3. Brown Seaweed
5.4. Green Seaweed
6. Europe Seaweed Market Assessment—by Form
6.1. Overview
6.2. Dry Form
6.2.1. Powder
6.2.2. Flakes
6.2.3. Others
6.3. Liquid Form
7. Europe Seaweed Market Assessment—by Application
7.1. Overview
7.2. Food And Beverage
7.3. Hydrocolloids Extraction
7.4. Animal Feed
7.5. Agriculture
7.6. Other Applications
8. Europe Seaweed Market Assessment—by Geography
8.1. Overview
8.2. U.K.
8.3. France
8.4. Germany
8.5. Italy
8.6. Norway
8.7. Spain
8.8. Ireland
8.9. Netherlands
8.10. Denmark
8.11. Sweden
8.12. Rest Of Europe
9. Competitive Analysis
9.1. Overview
9.2. Competitive Dashboard
9.2.1. Industry Leaders
9.2.2. Market Differentiators
9.2.3. Vanguards
9.2.4. Emerging Companies
9.3. Vendor Market Positioning
10. Company Profiles
10.1. Seaweed & Co.
10.2. Cargill, Incorporated
10.3. Ocean Rainforest
10.4. Thorverk Hf.
10.5. Algaplus
10.6. Mycsa Ag, Inc.
10.7. Seaweed Solutions AS
10.8. The Seaweed Company
10.9. Baoji Earay Bio-Tech Co., Ltd
10.10. Shore Seaweed
10.11. Algea (Part of Valagro Group)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Europe Seaweed Market, by Type, 2021–2030 (USD Million)
Table 2 Europe Seaweed Market, by Type, 2021–2030 (KT)
Table 3 Europe Red Seaweed Market, by Country/Region, 2021-2030 (USD Million)
Table 4 Europe Red Seaweed Market, by Country/Region, 2021-2030 (KT)
Table 5 Europe Brown Seaweed Market, by Country/Region, 2021-2030 (USD Million)
Table 6 Europe Brown Seaweed Market, by Country/Region, 2021-2030 (KT)
Table 7 Europe Green Seaweed Market, by Country/Region, 2021-2030 (USD Million)
Table 8 Europe Green Seaweed Market, by Country/Region, 2021-2030 (KT)
Table 9 Europe Seaweed Market, By Form, 2021-2030 (USD Million)
Table 10 Europe Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 11 Europe Dry Seaweed Market, by Country/Region, 2021–2030 (USD Million)
Table 12 Europe Seaweed Powder Market, by Country/Region, 2021-2030 (USD Million)
Table 13 Europe Seaweed Flakes Market, by Country/Region, 2021-2030 (USD Million)
Table 14 Europe Seaweed Market for Other Dried Form, by Country/Region, 2021-2030 (USD Million)
Table 15 Europe Liquid Seaweed Market, by Country/Region, 2021–2030 (USD Million)
Table 16 Europe Seaweed Market, by Application, 2021–2030 (USD Million)
Table 17 Europe Seaweed Market for Food and Beverage, by Country/Region, 2021–2030 (USD Million)
Table 18 Europe Seaweed Market for Hydrocolloids Extraction, by Country/Region, 2021–2030 (USD Million)
Table 19 Europe Seaweed Market for Animal Feed, by Country/Region, 2021–2030 (USD Million)
Table 20 Europe Seaweed Market for Agriculture, by Country/Region, 2021–2030 (USD Million)
Table 21 Europe Seaweed Market for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 22 Europe: Seaweed Market, by Country/Region, 2021–2030 (USD Million)
Table 23 Europe: Seaweed Market, by Country/Region, 2021–2030 (KT)
Table 24 U.K.: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 25 U.K.: Seaweed Market, by Type, 2021–2030 (KT)
Table 26 U.K.: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 27 U.K.: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 28 U.K.: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 29 France: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 30 France: Seaweed Market, by Type, 2021–2030 (KT)
Table 31 France: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 32 France: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 33 France: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 34 Germany: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 35 Germany: Seaweed Market, by Type, 2021–2030 (KT)
Table 36 Germany: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 37 Germany: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 38 Germany: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 39 Italy: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 40 Italy: Seaweed Market, by Type, 2021–2030 (KT)
Table 41 Italy: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 42 Italy: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 43 Italy: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 44 Norway: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 45 Norway: Seaweed Market, by Type, 2021–2030 (KT)
Table 46 Norway: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 47 Norway: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 48 Norway: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 49 Spain: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 50 Spain: Seaweed Market, by Type, 2021–2030 (KT)
Table 51 Spain: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 52 Spain: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 53 Spain: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 54 Ireland: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 55 Ireland: Seaweed Market, by Type, 2021–2030 (KT)
Table 56 Ireland: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 57 Ireland: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 58 Ireland: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 59 Netherlands: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 60 Netherlands: Seaweed Market, by Type, 2021–2030 (KT)
Table 61 Netherlands: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 62 Netherlands: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 63 Netherlands: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 64 Denmark: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 65 Denmark: Seaweed Market, by Type, 2021–2030 (KT)
Table 66 Denmark: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 67 Denmark: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 68 Denmark: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 69 Sweden: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 70 Sweden: Seaweed Market, by Type, 2021–2030 (KT)
Table 71 Sweden: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 72 Sweden: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 73 Sweden: Seaweed Market, by Application, 2021–2030 (USD Million)
Table 74 Rest of Europe: Vegetarian Algae and Vegan Algae Consumers Population, by Country, 2020 (In Thousand)
Table 75 Rest of Europe: Seaweed Market, by Type, 2021–2030 (USD Million)
Table 76 Rest of Europe: Seaweed Market, by Type, 2021–2030 (KT)
Table 77 Rest of Europe: Seaweed Market, by Form, 2021–2030 (USD Million)
Table 78 Rest of Europe: Dry Seaweed Market, by Type, 2021–2030 (USD Million)
Table 79 Rest of Europe: Seaweed Market, by Application, 2021–2030 (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for This Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 In 2023, The Red Seaweed Segment to Dominate the Europe Seaweed Market
Figure 8 In 2023, The Dry Form Segment to Dominate the Europe Seaweed Market
Figure 9 In 2023, The Food and Beverage Segment to Dominate the Europe Seaweed Market
Figure 10 U.K. Dominates the Europe Seaweed Market, while France Leads in Growth
Figure 11 Factors Affecting Market Growth
Figure 12 Europe Fresh Seaweed Production, 2021–2030 (Thousand Tons)
Figure 13 Average Selling Prices of Seaweed, by Type, 2021–2030 (USD/Tons)
Figure 14 Europe Seaweed Market Size, by Type, 2023 Vs. 2030 (USD Million)
Figure 15 Europe Seaweed Market Size, by Form, 2023 Vs. 2030 (USD Million)
Figure 16 Europe Seaweed Market Size, Dried Form, by Type 2023 Vs. 2030 (USD Million)
Figure 17 Europe Seaweed Market Size, by Application, 2023 Vs. 2030 (USD Million)
Figure 18 Europe Seaweed Market Size, by Country/Region, 2023 Vs. 2030 (USD Million)
Figure 19 Italy: Seaweed and Other Algae Import, 2018-2020 (Tons)
Figure 20 Competitive Dashboard: Europe Seaweed Market
Figure 21 Europe Seaweed Market Competitive Benchmarking, by Type
Figure 22 Cargill, Incorporated: Financial Overview, 2022
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