The Asia Pacific seaweed derivatives market was valued at US$ 1,239.19 Mn in 2018 and is projected to reach US$ 2,209.61 Mn by 2027; it is expected to grow at a CAGR of 6.6% from 2019 to 2027.
Seaweeds are red, brown, and green marine microalgae, and their extracts are used in the horticultural crops to leverage their plant growth- promoting effects. The major derivatives of seaweeds include alginates, carrageenans, and agars, while their chemical derivatives include fatty acids and vitamins, mineral nutrients, phytoharmones, and complex polysaccharides, among others. Alginates are largely extracted from brown seaweeds, while carrageenans and agars are largely extracted from red seaweeds. Alginates, carrageenans, and agars are increasingly being used in food and beverages, animal feed, and agriculture industries, among others. The market in Asia Pacific is majorly driven by wider range of applications of seaweed derivatives in the food &beverages industry worldwide. It is increasingly being used in fertilizers to improve crop yield and increase crop strength, along with helping it in gaining pest resistance. Rising consumer awareness regarding health benefits of seaweed derivatives is majorly boosting the Asia Pacific market. Moreover, the surging demand for organic food products fuels the growth of Asia Pacific seaweed derivatives market. However, the lack of awareness among the farmers regarding the extraction of seaweed is hampering the market growth.
Based on end use, the seaweed derivatives market is segmented into food and beverages, agricultural products, animal feed additives, pharmaceuticals, and others. The food and beverages segment accounted for the largest share of the market in 2018; however, the animal feed additives segment is expected to register the highest CAGR during the forecast period. Agar is a seaweed derivative that is used as a gelling and stabilizer agent in water gels, bakery products, confectionery, dairy products, canned meat and fish products, soups and sauces, and beverages. It can also be used as a thickening agent, coagulator, emulsifier, and stabilizer in the production of confectionaries such as gums, caramels, and marshmallows. The polysaccharide is used in dairy and dairy products such as ice-creams, mousses, yogurts, chocolate milk, custard tarts, and custards. It is used as a cost-effective stabilizer in applications wherein water retention is utmost important. Agar can also be mixed with other colloids to improve the final texture of the product.
The Asia Pacific seaweed derivatives market is segmented on the basis of country into China, Japan, India, South Korea, and Rest of Asia Pacific. China holds the largest share in the Asia Pacific seaweed derivatives market, followed by Japan. Growing food and beverages industry provides growth impetus to the seaweed derivatives market in China. Seaweed derivatives are extensively being used in the food & beverages industry in the country. The bioactive substances extracted from seaweeds, such as alginates, iodine, fucoidan, fucoxanthin, phlorotannin, and water-soluble dietary fibers, are being used as functional food ingredients. These substances are used in thickening, emulsifying, water locking, gel formation, absorption, suspension, toughness, and sustained-release functions to improve elasticity, and water retention and product structure for good taste.
In December 2019, an outbreak of COVID-19 began in Wuhan (China), and since then it has spread across the globe at a fast pace. US, India, Spain, Russia, China, Italy, France and Germany, are among the worst affected countries in terms of positive cases and reported deaths as of March 2020. According to the latest WHO figures updated on May 25, 2020, there are ~ 5 307 298 confirmed cases and 342 070 total deaths globally. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. China is known as a global hub of manufacturing and the largest raw material supplier for various industries. The overall market breakdown due to COVID-19 is also affecting the growth of the personal care wipes market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
W Hydrocolloids, Inc., KIMICA Corporation, DuPont de Nemours, Inc.; Gelymar S.A.; CP Kelco; ALGAIA; Compa??aEspa?ola de Algas Marinas, S.A.; Cargill, Incorporated; and Arthur Branwell & Co., are among the major players in the Asia Pacificseaweed derivativesmarket.
The Asia Pacific seaweed derivatives market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts,
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Seaweed Derivatives Market ? By Source
1.3.2 Asia Pacific Seaweed Derivatives Market ? By Form
1.3.3 Asia Pacific Seaweed Derivatives Market ? By End-Use
1.3.4 Asia Pacific Seaweed Derivatives Market ? By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Seaweed Derivatives Market Landscape
4.1 Market Overview
4.2 PEST Analysis ? Asia Pacific
5. Seaweed Derivatives Market ? Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand form Food and Beverage Industry
5.1.2 Health Benefits Offered By Seaweed and Seaweed Derivatives
5.2 Market Restraints
5.2.1 Lack of Consumer Awareness Related to Seaweed Derivatives
5.3 Market Opportunities
5.3.1 Surging Demand for Seaweed Derivatives in Cosmetic Industry
5.4 Future Trends
5.4.1 Emerging Applications of Seaweed derivative in Dentistry
5.5 Impact Analysis Of Drivers And Restraints
6. Seaweed Derivatives ? Asia Pacific Market Analysis
6.1 Asia Pacific Seaweed Derivatives Market Overview
6.2 Asia Pacific Seaweed Derivatives Market Forecast and Analysis
7. Asia Pacific Seaweed Derivatives Market Analysis ? By Source
7.1 Overview
7.2 Asia Pacific Seaweed Derivatives Market Breakdown, By Source, 2018 & 2027
7.3 Red Seaweed
7.3.1 Overview
7.3.2 Asia Pacific Red Seaweed Market Revenue Forecasts to 2027 (US$ Mn)
7.4 Brown Seaweed
7.4.1 Overview
7.4.2 Asia Pacific Brown Seaweed Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Green Seaweed
7.5.1 Overview
7.5.2 Asia Pacific Green Seaweed Market Revenue Forecasts to 2027 (US$ Mn)
8. Asia Pacific Seaweed Derivatives Market Analysis ? By Form
8.1 Overview
8.2 Asia Pacific Seaweed Derivatives Market Breakdown, By Form, 2018 & 2027
8.3 Liquid
8.3.1 Overview
8.3.2 Asia Pacific Seaweed Derivatives: Liquid Market Revenue Forecasts to 2027 (US$ Mn)
8.4 Powder
8.4.1 Overview
8.4.2 Asia Pacific Seaweed Derivatives: Powder Market Revenue Forecasts to 2027 (US$ Mn)
8.5 Flakes
8.5.1 Overview
8.5.2 Seaweed Derivatives: Flakes Market, Revenue Forecast to 2027 (US$ Mn)
9. Seaweed Derivatives Market Analysis ? By End Use
9.1 Overview
9.2 Seaweed Derivatives Market, by End Use, (2018 & 2027)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages in Seaweed Derivatives Market, Revenue Forecast to 2027 (US$ Mn)
9.4 Agricultural Products
9.4.1 Overview
9.4.2 Agricultural Products in Seaweed Derivatives Market, Revenue and Forecast to 2027 (US$ Mn)
9.5 Animal Feed Additives
9.5.1 Overview
9.5.2 Animal Feed Additives in Seaweed Derivatives Market, Revenue and Forecast to 2027 (US$ Mn)
9.6 Pharmaceuticals
9.6.1 Overview
9.6.2 Pharmaceuticals in Seaweed Derivatives Market, Revenue and Forecast to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others in Seaweed Derivatives Market, Revenue and Forecast to 2027 (US$ Mn)
10. Seaweed Derivatives Market ? Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Seaweed derivatives Market ? Revenue and Forecast to 2027(US$ Mn)
10.1.2 APAC: Seaweed Derivatives Market, by Key Country
10.1.2.1 China: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.2.1.1 China: Seaweed Derivatives Market, by Source
10.1.2.1.2 China: Seaweed Derivatives Market, by Form
10.1.2.1.3 China: Seaweed Derivatives Market, by End-Use
10.1.2.2 India: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.2.2.1 India: Seaweed Derivatives Market, by Source
10.1.2.2.2 India: Seaweed Derivatives Market, by Form
10.1.2.2.3 India: Seaweed Derivatives Market, by End-Use
10.1.2.3 Japan: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.2.3.1 Japan: Seaweed Derivatives Market, by Source
10.1.2.3.2 Japan: Seaweed Derivatives Market, by Form
10.1.2.3.3 Japan: Seaweed Derivatives Market, by End-Use
10.1.2.4 South Korea: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.2.4.1 South Korea: Seaweed Derivatives Market, by Source
10.1.2.4.2 South Korea: Seaweed Derivatives Market, by Form
10.1.2.4.3 South Korea: Seaweed Derivatives Market, by End-Use
10.1.2.5 Rest of APAC: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.2.5.1 Rest of APAC: Seaweed Derivatives Market, by Source
10.1.2.5.2 Rest of APAC: Seaweed Derivatives Market, by Form
10.1.2.5.3 Rest of APAC: Seaweed Derivatives Market, by End-Use
11. Overview- Impact of Covid-19 Outbreak
12. Impact of COVID-19 Pandemic on Asia Pacific Seaweed Derivatives Market
12.1 Asia Pacific: Impact assessment of COVID-19 Pandemic
13. Company Profiles
13.1 W Hydrocolloids, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 KIMICA Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 DuPont de Nemours, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Gelymar S.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products And Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 CP Kelco
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Algaia
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Compa??a Espa?ola de Algas Marinas, S.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Cargill, Incorporated
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Arthur Branwell & Co.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Seaweed Derivatives Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. China Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 3. China Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 4. China Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 5. India Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 6. India Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 7. India Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 8. Japan Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 9. Japan Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 10. Japan Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 11. South Korea Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 12. South Korea Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 13. South Korea Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 14. Rest of APAC Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 15. Rest of APAC Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 16. Rest of APAC Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 17. Glossary of Terms, Seaweed Derivatives Market
LIST OF FIGURES
Figure 1. Asia Pacific Seaweed Derivatives Market Segmentations
Figure 2. Asia Pacific Seaweed Derivatives Market Segmentation ? By Country
Figure 3. Seaweed Derivatives Market Overview
Figure 4. Red Seaweed Segment Held Largest Share of Asia Pacific Seaweed Derivatives Market
Figure 5. China Held Largest Share of Asia Pacific Seaweed Derivatives Market
Figure 6. Seaweed Derivatives Industry Landscape
Figure 7. Asia Pacific PEST Analysis
Figure 8. Seaweed Derivatives Market Impact Analysis Of Driver And Restraints
Figure 9. Asia Pacific Seaweed Derivatives Market Forecast And Analysis, (US$ Mn)
Figure 10. Asia Pacific Seaweed Derivatives Market Breakdown by Source, Value, 2018 & 2027 (%)
Figure 11. Asia Pacific Red Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. Brown Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 13. Asia Pacific Green Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 14. Asia Pacific Seaweed Derivatives Market Breakdown by Form, Value, 2018 & 2027 (%)
Figure 15. Asia Pacific Seaweed Derivatives: Liquid Market Revenue Forecasts To 2027 (US$ Mn)
Figure 16. Asia Pacific Seaweed Derivatives: Powder Market Revenue Forecasts To 2027 (US$ Mn)
Figure 17. Seaweed Derivatives: Flakes Market, Revenue Forecast, 2017?2027 (US$ Mn)
Figure 18. Seaweed Derivatives Market Breakdown, by End Use, 2018 & 2027 (%)
Figure 19. Food and Beverages in Seaweed Derivatives Market, Revenue and Forecast, 2017?2027 (US$ Mn)
Figure 20. Agricultural Products in Seaweed Derivatives Market, Revenue and Forecast, 2017?2027 (US$ Mn)
Figure 21. Animal Feed Additives in Seaweed Derivatives Market, Revenue and Forecast, 2017?2027 (US$ Mn)
Figure 22. Pharmaceuticals in Seaweed Derivatives Market, Revenue and Forecast, 2017?2027 (US$ Mn)
Figure 23. Others in Seaweed Derivatives Market, Revenue and Forecast, 2017?2027 (US$ Mn)
Figure 24. APAC: Seaweed Derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
Figure 25. APAC: Seaweed Derivatives Market Revenue Share, by Key Country (2018 and 2027)
Figure 26. China: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 27. India: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Japan: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 29. South Korea: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Rest of APAC: Seaweed Derivatives Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
The List of Companies - Asia Pacific Seaweed Derivatives Market
1. W Hydrocolloids, Inc.
2. KIMICA Corporation
3. DuPont de Nemours, Inc.
4. Gelymar S.A.
5. CP Kelco
6. Algaia
7. Compa??a Espa?ola de Algas Marinas, S.A.
8. Cargill, Incorporated
9. Arthur Branwell & Co.