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Pulished Date October, 2021
ID: 12241
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North America Seaweed Extracts Market by Type (Liquid, Powder, Flakes), by Applications (Agriculture, Feed, and Others), and country, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2021-2026

Pulished: October, 2021
ID: 12241
Pages: 140

North America Seaweed Extracts Market Growth Drivers 2021-2026

North America Seaweed Extracts Market is expected at USD xx. xx million in 2021 and is anticipated to the extent an over of USD xx. xx million by the end of the assessment period. The North America Seaweed Extracts Market is likely to experience reasonable growth to the highest CAGR of xx.xx% during the estimation period (2021-2026).

Algae are marine algae that are simple plants that live in saltwater, including red, brown, and green algae. Seaweed extracts contain desirable properties extracted from various types of algae used in various industries such as agriculture, horticulture, pharmaceuticals, cosmetics, and others. Seaweed extracts are also used in diet pills. Alginate, agar, carrageenan, and gelatinous substances are some of the products obtained from seaweed extracts. Seaweed extracts are types of products that are mainly used in the cultivation of plants. Seaweed extracts have found wider uses than seaweed and seaweed meal. Seaweed extracts act as biostimulants due to the presence of plant hormones.

Recent Developments

The addition of FOSSENCE® and GOSSENCE®, which are produced using fermentation technology developed in-house by Tata Chemicals, to Univar Solutions' portfolio of industry-leading specialty ingredients, provides food and nutraceutical manufacturers in the United States with additional options to help them respond to changing trends in health, wellness and nutrition. These digestive health ingredients are used in a wide range of applications, including Dietary supplements, functional foods (bakery, dairy products, and snacks), nutraceuticals, confectionery, animal feed, and other nutritional solutions.

Market Drivers and Restraints:

The North America Seaweed Extracts Market is growing in the food and beverage industry and personal health care regions. The main driver of the North America Seaweed Extracts Market is the food industry. Seaweed such as nori and seaweed have been consumed in South Asian countries like China and Japan for centuries, but now consumers in other countries are embracing the recent shift to consuming healthy, nutrient-rich products. They turn to organic and healthy livelihoods. This, therefore, increases the opportunities for the seaweed extracts market.

Seaweed extracts are rich in phosphorus and other nutrients from seaweed. Since there is an increase in demand for clean nutrients and they are concerned about chemical fertilizers, farmers are also turning to the use of organic fertilizers. Therefore, liquid-based seaweed extracts are in high demand. As the demand for organic fertilizers increases, to meet the demand, fertilizers made from seaweed extracts appear to be more viable due to their availability and ease of cultivation. The main limitation in the production of products based on seaweed extracts is the production itself. Cultivation is the easiest part as it can be grown on any farm and is abundantly available in the oceans and other areas of water bodies such as rivers, ponds, lakes, etc. But extracting the algae is a difficult part.

The extraction process is complex, and due to the complexity, the production cost was high. Another factor responsible for hampering the growth of the seaweed extract market is the demand for private label products. Strict government rules and regulations constantly force the industry to meet the needs of consumers. The scrutiny of health-conscious consumers is constant and has forced stakeholders to perform multiple checks on procedures. Multiple controls in landscaping procedures for seaweed extracts have raised awareness among authorities.

Market Segmentation:

By Type:

  • Liquid
  • Powder
  • Flakes

By Applications:

  • Agriculture
  • Feed
  • Others

Impact of COVID-19 on North America Seaweed Extracts Market

The global epidemic of COVID-19 has had serious implications in all economic sectors. Around the world, the pandemic has created a medical emergency, increasing the demand for food, hygiene products, and the market for medical products. In the COVID-19 scenario, people are more inclined to consume safe, reliable, and healthy food. As a result, COVID-19 has increased sales of staple, healthy and traditional foods.

Non-vegetarian frozen foods, fruits and vegetables, eggs, legumes, flour, and whole grains have all seen growth. However, sales of packaged foods, coffee, cakes, smoothies, candies, chocolates, cheeses, and other baked goods have declined due to the declining demand for seaweed extracts in the packaged and processed food industries.

Additionally, the declining demand for cosmetics and personal care products has reduced the use of seaweed extracts in the manufacture of these products. Additionally, the foreclosure scenario in several countries has hampered seaweed extract products' production and supply chain. Consumer buying behavior can change permanently after COVID-19. Companies must develop a solid sales plan for recovery. They may need to adopt e-commerce and omnichannel platforms in their supply chain.

Regional Analysis:

North America is expected to see tremendous growth due to the high demand for herbal products in the region. The US seaweed extracts market dominated the North American region. The increasing popularity of vegan and vegetarian diets in the region has increased the demand for plant proteins in a variety of food products. Continuing growths and technological progressions in the harvesting and cultivation of seaweed are expected to drive market growth in the region. Canada's seaweed extracts market is following the US is dominating the shares. The market in Canada is anticipated to grow at a higher rate during the forecast period. 

Leading Company

DowDuPont, Inc. had the largest share of the North America Seaweed Extracts Market in terms of sales revenue in 2021.

Key Players

The North America Seaweed Extracts Market is concentrated with well-established players. Key players in the North America Seaweed Extracts Market include

  • DowDuPont, Inc.
  • Arihant Bio Fertichem
  • Aveeno Active Naturals
  • Suboneyo Chemicals Pharmaceuticals
  • AJ Products
  • Saosis Biotech
  • Indigrow
  • Ocean Harvest

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 North America Seaweed Extracts Market, By Type                    

                                6.1.1 Liquid        

                                6.1.2 Powder    

                                6.1.3 Flakes       

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 North America Seaweed Extracts Market, By Application                        

                                6.2.1 Agriculture              

                                6.2.2 Feed          

                                6.2.3 Others      

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 North America Seaweed Extracts Market, by Region                

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

8. Key Player Analysis                                    

                8.1 DowDuPont, Inc.                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Arihant Bio Fertichem                            

                8.3 Aveeno Active Naturals                         

                8.4 Suboneyo Chemicals Pharmaceuticals                            

                8.5 AJ Products                

                8.6 Saosis Biotech                           

                8.7 Indigrow                      

                8.8 Ocean Harvest                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • The segment-level analysis in terms of By Type, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Seaweed Extracts  Market By Type, From 2021-2026 ( USD Billion )
  2. North America Liquid Market By Region, From 2021-2026 ( USD Billion )
  3. North America Powder Market By Region, From 2021-2026 ( USD Billion )
  4. North America Flakes Market By Region, From 2021-2026 ( USD Billion )
  5. North America Seaweed Extracts  Market By Application, From 2021-2026 ( USD Billion )
  6. North America Agriculture Market By Region, From 2021-2026 ( USD Billion )
  7. North America Feed Market By Region, From 2021-2026 ( USD Billion )
  8. North America Others Market By Region, From 2021-2026 ( USD Billion )
  9. United States Seaweed Extracts  Market By Type, From 2021-2026 ( USD Billion )
  10. United States Seaweed Extracts  Market By Application, From 2021-2026 ( USD Billion )
  11. Canada Seaweed Extracts  Market By Type, From 2021-2026 ( USD Billion )
  12. Canada Seaweed Extracts  Market By Application, From 2021-2026 ( USD Billion )

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