Global Seaweed Extracts Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Seaweed Extracts industry revenue is expected to be around $1.4 billion in 2025 and expected to showcase growth with 8.8% CAGR between 2025 and 2034. The notable rise in the market for seaweed extracts mirrors its growing importance due to several key reasons. Seaweed extracts are valued for their richness in nutrients and play a vital part in supporting different industries. Factors like advancements in farming practices and the increasing recognition of their health advantages along with a rising demand across sectors such as agriculture, beauty care products and medicine all contribute to the significance of seaweed extracts, in the market.
Seaweed extracts obtained from seaweeds are rich in minerals and bioactive compounds along with plant growth hormones which play a significant role in various industries such as plant growth enhancers and skincare items as well as being used in pharmaceuticals and food and beverage supplements due, to their diverse benefits.
Market Key Insights
The Seaweed Extracts market is projected to grow from $1.3 billion in 2024 to $3.0 billion in 2034. This represents a CAGR of 8.8%, reflecting rising demand across Nutraceutical industry, Cosmetics & Personal Care, and Agricultural sector.
Cargill Incorporated, Dupont de Nemours Inc., and Algea AS are among the leading players in this market, shaping its competitive landscape.
U.S. and China are the top markets within the Seaweed Extracts market and are expected to observe the growth CAGR of 6.4% to 9.2% between 2024 and 2030.
Emerging markets including Indonesia, Philippines and South Africa are expected to observe highest growth with CAGR ranging between 8.4% to 11.0%.
Transition like Shift Toward Bio-Based Agriculture is expected to add $209 million to the Seaweed Extracts market growth by 2030
.The Seaweed Extracts market is set to add $1.7 billion between 2024 and 2034, with manufacturer targeting Food & Beverages & Cosmetics Application projected to gain a larger market share.
With
seaweed extracts in aquaculture, and
Climbing Demand in Pharmaceutical and Cosmetics, Seaweed Extracts market to expand 132% between 2024 and 2034.
Opportunities in the Seaweed Extracts
Growth Opportunities in North America and Asia Pacific
Market Dynamics and Supply Chain
Driver: Growing Demand for Sustainable Agricultural Inputs Coupled with Advancements in Bio-stimulant Extraction Technologies
Restraint: Regulatory Hurdles
Opportunity: Rising Opportunities in Agricultural Use and Untapped Potential in Nutraceutical Sector
Challenge: Cost and Scalability Challenges
Supply Chain Landscape
Seaweed Cultivation
ion & Processing
Production
Distribution & Trade
Seaweed Cultivation
ion & Processing
Production
Distribution & Trade
Applications of Seaweed Extracts in Nutraceutical industry, Agricultural sector & Cosmetics & Personal Care
Recent Developments
Seaweed extracts have become increasingly popular across industries due to their versatile benefits and significant growth in recent times. With the aid of cutting edge technology companies are tapping into the advantages of seaweed to expand their product lines. A noticeable trend gaining traction today is the utilization of seaweed extracts, in agriculture practices.