The seaweed protein market is an emerging and promising sector within the broader plant-based protein industry. Seaweed, also known as macroalgae, is a rich source of protein, vitamins, minerals, and other bioactive compounds. It has gained attention for its sustainability, as seaweed cultivation typically requires less land, freshwater, and fertilizers compared to traditional crops. The seaweed protein market sector is expected to reach US$ 1131 million by 2027, with a 14.1% annual growth rate. This booming industry is predicted to create ripples in the near future, with a value of $585 million in 2022.
Several factors contribute to the growth of the seaweed protein market:
Nutritional Value: Seaweed is a complete protein source, containing all essential amino acids. It also provides additional nutrients such as vitamins, minerals, and antioxidants.
Sustainability: Seaweed cultivation is generally considered environmentally friendly as it does not require arable land or freshwater. Seaweeds also absorb carbon dioxide during growth, contributing to carbon sequestration.
Increasing Demand for Plant-Based Proteins: As the demand for plant-based and alternative protein sources rises, seaweed protein has gained popularity among consumers seeking sustainable and healthy options.
Applications in Various Industries: Seaweed protein is used in various industries, including food and beverages, cosmetics, pharmaceuticals, and animal feed. It can be incorporated into products like protein bars, snacks, plant-based meat alternatives, and more.
Research and Innovation: Ongoing research and innovation in the extraction and processing of seaweed protein have led to the development of new products and improved extraction methods, contributing to the market's growth.
Health and Wellness Trends: Consumer awareness of the health benefits associated with seaweed consumption, such as its potential role in weight management and gut health, has contributed to increased interest in seaweed-derived products.
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Europe is projected to achieve the Highest CAGR growth in the Seaweed protein market.
The use of seaweed protein-based products in the pharmaceutical and nutraceutical industries has just increased as people become more aware of the nutritional value and benefits of eating seaweed. The European Commission, CINEA, and a consortium of EurA AG, EABA Systemiq, Technopolis, and s.Pro have developed EU4Algae, which is projected to stimulate demand for seaweed protein in Europe due to the growing health and environmental effect of eating meat products. The European Commission has identified seaweed protein as a major source of alternative protein for a sustainable food system and global food security. This three-year initiative will help Europe establish a regenerative, resilient, equitable, and climate-friendly algae business while also introducing new algae species to the market.
Market Driver: Growth in customer awareness regarding health benefits of seaweed based protein
‘Self-care has evolved into an important component of the modern consumer's lifestyle. Consumers have made some substantial dietary modifications as a result of the rising emphasis on holistic health and immunity. Vitamins, minerals, immunity-boosting meals, organic products, supplements, and other nutritional supplements are all becoming more popular. Though the current epidemic has heightened awareness of the importance of immunity, it is well understood that having a robust immune system can help minimise the likelihood and severity of diseases and infections. Seaweed protien-based food ingredients are in high demand in convenience foods and health drinks due to rising customer desire for alternate protein sources. Seaweeds are considered a complete protein sources, because they contain all nine essential amino acids (EAAs) histidine, isoleucine, leucine, lysine, methionine, phenylalanine, threonine, tryptophan and valine, which are all vital for protein synthesis, tissue repair and nutrient absorption Seaweeds account for up to 50% of total amino acid content, regardless of total protein level, with tryptophan, methionine, and leucine being the most common limiting amino acids in algal protein. As a result, not only because of their overall protein content, but also because of their amino acid makeup, seaweeds are a valuable source of protein. One of the primary aspects attracting customer attention is consumer understanding of the health advantages of seaweed protein-based goods. Teagasc researchers have discovered that some of these seaweed proteins may have health benefits beyond those of basic human nutrition for use in functional foods. Seaweeds are a source of bioactive peptides, which can lower blood pressure and prevent cardiovascular diseases.
Significant businesses showcased--->
CP Kelco U.S., Inc. (US), Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China), Qingdao Brightmoon Seaweed Co Group Co. Ltd (China), Cargill Incorporated (US) Gelymar SA (Chile), Ceamsa (Spain), BASF (Germany), Irish Seaweed (Ireland), Dupont Nutrition and Biosciences (US), Compo Expert Group (Germany), Beijing Leili Agricultural Co, Ltd (China), Groupe Roullier (France), Acadian Seaplants (Canada).
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Key Questions Addressed by Reports
What are the typical types of protein in seaweed?
Seaweed is a rich source of various nutrients, and its protein content can vary depending on the type of seaweed. Generally, seaweed contains a moderate to high amount of protein, making it a valuable plant-based protein source. Some common types of seaweed and their protein content include Nori (Porphyra), Dulse (Palmaria palmata), Kelp (Laminaria), Chlorella.
What are the key market trends in the food Seaweed protein market?
Seaweed protein-based food additives are in high demand in convenience foods and health drinks due to rising customer demand for alternative protein sources. Furthermore, the expanding vegetal and vegan population in North America and Europe are likely to stimulate demand for seaweed protein-based food products, resulting in their expansion. Manufacturers have been motivated to introduce new beverages to the market as a result of the increased understanding that seaweed protein is sourced naturally, leading to continued expansion of the seaweed protein-based goods industry.
What are the key development strategies undertaken by companies in the Seaweed protein market?
Strategies such as new product launches, investments into expansion and development, research initiatives are the key strategies being used by large players in order to achieve differential positioning in the global market.
According to the new market research report "Seaweed Protein Market by Source (Red, Brown, Green), Extraction Process (Conventional Method, Current Method), Application (Food, Animal Feed & Additives, Personal Care & Cosmetics), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the market size is estimated to be valued at USD 465.5 million in 2020.
The shift towards more nutritional food options have increased the demand for seaweed derived food products across the globe.
Seaweeds or macroalgae are a rich source of protein and contain all sources of essential amino acids at various concentrations.
They act as a suitable alternative for vegan consumers and for those who are allergic to dairy whey protein and eggs.
The protein content in some seaweed are similar to those of traditional protein sources such as egg, meat, milk, and soybean.
The yield of protein is higher from seaweeds when compared to terrestrial crops, such as wheat, soybean, and pulse legumes.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194056009The red seaweed segment, by source is projected to account for the largest share, during the forecast period.Red seaweeds have almost 47% weight of dry matter.
