Like several other seaweed extracts, red seaweed extract industry provides a wide variety of food products for human consumption. Among other seaweeds, red seaweed is very versatile and is mainly used to produce alginate, agar, hydrocolloids and carrageenan, which are used as gelling and thickening agents. The red seaweeds are mostly produced in China, Chile and Indonesia. Red seaweed extracts are the substances comprising appropriate properties is used in various end-use industries such as food & beverages, nutraceuticals, pharmaceuticals and cosmetics among other industries.
This report contains market size and forecasts of Red Seaweed Extract in global, including the following market information:
Global Red Seaweed Extract Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Red Seaweed Extract Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Red Seaweed Extract companies in 2021 (%)
The global Red Seaweed Extract market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Powder Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Red Seaweed Extract include DuPont, Cargill, Algaia SA, Aquarev Industries, Saosis Biotech, Shemberg, Qingdao Nanshan Seaweed, Ceamsa and Green Fresh (Fujian) Foodstuff, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Red Seaweed Extract manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Red Seaweed Extract Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Red Seaweed Extract Market Segment Percentages, by Type, 2021 (%)
Powder
Liquid
Gel
Others
Global Red Seaweed Extract Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Red Seaweed Extract Market Segment Percentages, by Application, 2021 (%)
Food and Beverage
Paints
Cosmetics
Animal Feed Additives
Pharmaceuticals
Industrial Applications
Others
Global Red Seaweed Extract Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Red Seaweed Extract Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Red Seaweed Extract revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Red Seaweed Extract revenues share in global market, 2021 (%)
Key companies Red Seaweed Extract sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Red Seaweed Extract sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
DuPont
Cargill
Algaia SA
Aquarev Industries
Saosis Biotech
Shemberg
Qingdao Nanshan Seaweed
Ceamsa
Green Fresh (Fujian) Foodstuff
Gelymar
Karagen Indonesia
Gather Great Ocean