Seaweed Extracts Market Size

Seaweed Extracts Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The world seaweed extract market is expected to reach a market size of $3.79 billion by 2024 and to reach $8 billion by 2035. This growth is reflected in a high CAGR of 7.12% from 2025 to 2035. The main driver of this market growth is the growing demand for natural and organic products in many industries, especially in the food and beverage, cosmetics, and agriculture industries. Also, the growing awareness of consumers about their health and the environment will increase the demand for seaweed extracts, which are well known for their nutritional properties and their sustainable production. Also, technological advancements in extraction and product formulation will help drive market growth. These innovations will also increase the efficiency and application of seaweed extracts, which will encourage the formation of new strategic alliances and the development of new products. DuPont, Ashland, and Gelymar are actively involved in the market with new product launches and strategic alliances. These efforts not only increase their product offerings, but also strengthen their market positions, which will further stimulate the growth of the seaweed extract market.

Regional Market Size

Regional Deep Dive

The market for seaweed extracts is growing across the world, driven by the increasing demand for natural and organic products in food, agriculture, and cosmetics. In North America, the market is characterized by a strong focus on sustainability and health-conscious consumers. Europe is characterized by a strong regulatory framework that supports the use of seaweed extracts in food and pharmaceuticals. In the Asia-Pacific region, which is a major producer of seaweed, the market is characterized by the traditional use of seaweeds and the development of new extraction methods. The Middle East and Africa are gradually realizing the potential of seaweed extracts in agriculture and food security. Latin America is a new player that is taking advantage of its rich biological diversity to explore seaweed cultivation and extraction.

North America

• Food and Drug Administration of the United States has recently approved the use of several seaweed extracts in food. This has facilitated the market and enhanced consumers’ confidence.
• Companies like Acadian Seaplants are investing in research and development to produce high-quality seaweed extracts for the pharmaceutical and cosmetic industries.
• The growing trend towards a vegetarian diet is driving demand for seaweed extracts as a natural source of nutrients and flavour enhancers.

Europe

• It is a fact that the strict regulations on food additives imposed by the European Union have increased the demand for certified organic seaweed extracts.
• Companies such as Algama Foods are pioneering the use of seaweed in food products and promoting its health and environmental benefits.
• Agri-seaweeds are now in vogue in Europe, backed by the European Commission’s policy of promoting sustainable farming.

Asia-Pacific

• Chinese and Japanese seaweed products are the most popular, and the extraction method is mainly traditional, but the product quality is further improved by modern extraction technology.
• MARITECH RESOURCES is a company that is developing a range of cosmetics using seaweed.
• A few governments have set up seaweed farming as a source of income, such as South Korea, and the supply of raw materials is expected to increase.

MEA

• The Middle East is beginning to explore the possibilities offered by seaweed extracts in agriculture, and projects like the National Food Security Strategy in the United Arab Emirates are encouraging innovation in farming.
• Various research institutes in South Africa are studying the exploitation of the native seaweeds for their nutritional and medicinal properties, thus preparing the ground for a local market.
• The regulations of the various countries of the Middle East and North Africa are changing to facilitate the use of seaweed extracts, which would increase their acceptance in the food and agricultural sectors.

Latin America

• Brazil and Chile are investing in seaweed farming, as they see the economic potential of seaweed extracts in the local and export markets.
• The seaweed industry in the region has developed into a very important industry. University and private enterprise are working together to develop the extraction methods, to improve the quality and marketability of the products.
• Community knowledge is being incorporated into modern seaweed farming, which is promoting the conservation of species and sustainable harvesting.

Did You Know?

“Seaweed extracts are not only used in food and cosmetics, but they also play a vital role in the field of sustainable agriculture. They are natural fertilizers and stimulants that increase crop yield.” — FAO (Food and Agriculture Organization of the United Nations)

Segmental Market Size

The seaweed extract market is experiencing robust growth, driven by the increasing demand for natural and organic products. This market plays a vital role in various industries, such as food and beverage, cosmetics and agriculture, where seaweed extracts are used for their nutritional and functional properties. Among the key drivers of this market are the growing awareness of the health benefits of seaweed, such as its rich nutrient profile and its sustainable food source. Moreover, the government’s regulatory support for the use of natural ingredients in food products is also expected to drive the market.

In the present day, the use of seaweed extracts is in its maturity, with the companies DuPont and Cargill at the head of the field in the development of products and their marketing. Their principal uses are as natural fertilizers in agriculture, as thickeners in food products and as active ingredients in cosmetics. The growing concern for the environment and the demand for natural products is driving this growth, and initiatives such as the European Union’s Green Deal are promoting the use of marine resources. In addition, the development of new cultivation and extraction methods, such as the use of bioreactors, is influencing the industry’s evolution, increasing the yield and the quality of the products.

Future Outlook

The Seaweed Extracts Market is projected to grow at a CAGR of 7.02% from 2024 to 2035. This growth is attributed to the growing awareness of the benefits of seaweed extracts, especially in the food and beverage, cosmetics, and agricultural industries. As the focus of the global economy shifts to sustainability, the demand for natural and organic products is also expected to increase, thereby driving the adoption of seaweed extracts, which are recognized for their eco-friendly properties and nutritional value. By 2035, it is expected that the penetration of seaweed extracts in the food and beverage industry will increase from the current 6% to approximately 25%. The increasing use of seaweed extracts in the production of health food and dietary supplements will also drive the growth of the market.

Market growth will be accelerated by the introduction of new technology and supportive government policies. Extraction methods such as enzymatic and ultrasonic extraction are improving the yield and efficiency of extraction, thus reducing the cost of extraction and making the extracts more available and cost-effective for various applications. Government initiatives to promote sustainable aquaculture and marine resource exploitation will also support the expansion of the seaweed cultivation and processing industry. In addition, the growing trend towards plant-based diets and the rising popularity of clean-label products will also play a significant role in the development of the seaweed extracts market. Against this backdrop, it is important for industry players to be flexible and adapt to the trends, so as to be able to take advantage of the growing demand for healthy and sustainable products.