Market Insights
The global Seaweed Extract Market size was worth around USD 2.4 billion in 2022 and is predicted to reach a valuation of USD 6.9 billion by 2032 at a CAGR of around 11.1%.
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Competitive Landscape
• ACURO ORGANICS LIMITED
• Agroniv
• ALGAIA
• ASL
• DuPont
• Humates and Seaweeds Pvt Ltd
• Kelpak
• Merck KGaA
• OCEAN HARVEST TECHNOLOGY Group plc
• Suboneyo Chemicals Pharmaceuticals
The widespread use of seaweed extract in numerous industries has propelled the growth of the seaweed industry. It is widely utilized in the cosmetic and personal care industries because of its all-natural ingredients, which help with skin hydration and cell regeneration. It is a natural ingredient in serums, lotions, and moisturizing creams. The pharmaceutical business also employs it. Tyrosine and iodine found in seaweed extract support thyroid function. It even includes antioxidants that repair harm and damage to body cells by free radicals. The demand for seaweed extracts has increased as customers' health awareness has grown. It is also in high order in the food and supplement industries. Carbohydrates, calories, protein, fat, fiber, riboflavin, thiamin, iron, manganese, and copper are all abundant in seaweed. Its consumption has increased since it is a high source of vitamins A, C, E, and K and omega 3.
Regional Analysis
Asia Pacific dominated the market for seaweed extracts in 2021. because of its application in horticulture and agriculture. The consumption of products rises in nations with agricultural economies like India. It is utilized for crops that produce better fruits, vegetables, and flowers. It boosts plants' natural defenses against pests.
North America is expected was the fastest growing region for seaweed extracts. With its use in the food industry and ongoing research and development efforts in organic and herbal goods, the U.S. has a sizable market share in seaweed extracts. Shower baths and other cosmetic products have increased demand for the product.
Market Segmentation
By Source
• Red Seaweed
• Green Seaweed
• Brown Seaweed
By Form
• Liquid
• Powder
• Flakes
• Others
By End-use
• Food & Beverages
• Agricultural Products
• Animal Feed Additives
• Pharmaceuticals
• Others
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Recent Development
In December 2022: KRIBHCO launched an innovative and sustainable product, SIVARIKA, which is a seaweed bio-stimulant derived from red and brown algae. The SIVARIKA Seaweed functions as a metabolic bio enhancer and it fulfills the need of farmers and also uplifts their livelihood.
In March 2022: Umaro Foods secured USD 3 million in funding, which supports the launch of an umami-rich, highly realistic plant-based bacon made with its proprietary red protein. This bacon contains extracts that are a functional replacement for heme, the red molecule which produces plant-based meat bleed.

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