The Europe seaweed derivatives market was valued at US$ 362.05 Mn in 2018 and is projected to reach US$ 632.43 Mn by 2027; it is expected to grow at a CAGR of 6.4% 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 Europe is majorly driven by the wider application of seaweed derivatives in the food & beverages industry. 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 Europe market. Moreover, the surging demand for organic food products fuels the growth of Europe 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 beveragessegment 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 stabilizing 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 Europe seaweed derivatives market is segmented on the basis of country into UK, Germany, France, Italy, and the Rest of Europe. The UK holds the largest share of the Europe seaweed derivatives market, followed by France. The market in this country is majorly driven by the wider application of seaweed derivatives in the food &beverages industry. It is increasingly being used in fertilizers which improves crop yield and increases the crop?s strength, which helps in pest resistance. Rising consumer awareness regarding health benefits of seaweed derivatives, as well as increasing demand for organic foods due to growing disposable incomes, is majorly boosting the seaweed market in the UK.
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??a Espa?ola de Algas Marinas, S.A.; Cargill, Incorporated; and Arthur Branwell & Co., are among the major players in the Europe seaweed derivatives market.
The Europe 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, research analysts, and key opinion leaders specializing in the seaweed derivatives market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Seaweed Derivatives Market ? By Source
1.3.2 Europe Seaweed Derivatives Market ? By Form
1.3.3 Europe Seaweed Derivatives Market ? By End-Use
1.3.4 Europe 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 ? Europe
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 ? Europe Market Analysis
6.1 Europe Seaweed Derivatives Market Overview
6.2 Europe Seaweed Derivatives Market Forecast and Analysis
7. Europe Seaweed Derivatives Market Analysis ? By Source
7.1 Overview
7.2 Europe Seaweed Derivatives Market Breakdown, By Source, 2018 & 2027
7.3 Red Seaweed
7.3.1 Overview
7.3.2 Europe Red Seaweed Market Revenue Forecasts to 2027 (US$ Mn)
7.4 Brown Seaweed
7.4.1 Overview
7.4.2 Europe Brown Seaweed Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Green Seaweed
7.5.1 Overview
7.5.2 Europe Green Seaweed Market Revenue Forecasts to 2027 (US$ Mn)
8. Europe Seaweed Derivatives Market Analysis ? By Form
8.1 Overview
8.2 Europe Seaweed Derivatives Market Breakdown, By Form, 2018 & 2027
8.3 Liquid
8.3.1 Overview
8.3.2 Europe Seaweed Derivatives: Liquid Market Revenue Forecasts to 2027 (US$ Mn)
8.4 Powder
8.4.1 Overview
8.4.2 Europe 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 Europe: Seaweed derivatives Market ? Revenue and Forecast to 2027(US$ Mn)
10.1.2 Europe: Seaweed derivatives Market, by Key Country
10.1.2.1 Germany: Seaweed derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
10.1.2.1.1 Germany: Seaweed derivatives Market, by Source
10.1.2.1.2 Germany: Seaweed derivatives Market, by Form
10.1.2.1.3 Germany: Seaweed derivatives Market, by End-Use
10.1.2.2 France: Seaweed derivatives Market ? Revenue and Forecast to 2027(US$ Mn)
10.1.2.2.1 France: Seaweed derivatives Market, by Source
10.1.2.2.2 France: Seaweed derivatives Market, by Form
10.1.2.2.3 France: Seaweed derivatives Market, by End-Use
10.1.2.3 Italy: Seaweed derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
10.1.2.3.1 Italy: Seaweed derivatives Market, by Source
10.1.2.3.2 Italy: Seaweed derivatives Market, by Form
10.1.2.3.3 Italy: Seaweed derivatives Market, by End-Use
10.1.2.4 UK: Seaweed Derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
10.1.2.4.1 UK: Seaweed Derivatives Market, by Source
10.1.2.4.2 UK: Seaweed Derivatives Market, by Form
10.1.2.4.3 UK: Seaweed Derivatives Market, by End-Use
10.1.2.5 Rest of Europe: Seaweed Derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
10.1.2.5.1 Rest of Europe: Seaweed Derivatives Market, by Source
10.1.2.5.2 Rest of Europe: Seaweed Derivatives Market, by Form
10.1.2.5.3 Rest of Europe: Seaweed Derivatives Market, by End-Use
11. Overview- Impact of Covid-19 Outbreak
12. Impact of COVID-19 Pandemic on Europe Seaweed Derivatives Market
12.1 Europe: Impact assessment of COVID-19 Pandemic
13. Industry landscape
13.1 Strategy and Business Planning
13.2 Company News
14. Company Profiles
14.1 W Hydrocolloids, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 KIMICA Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 DuPont de Nemours, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Gelymar S.A.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products And Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.5 CP Kelco
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Algaia
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Compa??a Espa?ola de Algas Marinas, S.A.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Cargill, Incorporated
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Arthur Branwell & Co.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. Europe Seaweed Derivatives Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Germany Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 3. Germany Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 4. Germany Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 5. France Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 6. France Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 7. France Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 8. Italy Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 9. Italy Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 10. Italy Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 11. UK Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 12. UK Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 13. UK Seaweed Derivatives Market, by End-Use ? Revenue and Forecast to 2027 (USD Mn)
Table 14. Rest of Europe Seaweed Derivatives Market, by Source ? Revenue and Forecast to 2027 (USD Mn)
Table 15. Rest of Europe Seaweed Derivatives Market, by Form ? Revenue and Forecast to 2027 (USD Mn)
Table 16. Rest of Europe 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. Europe Seaweed Derivatives Market Segmentations
Figure 2. Europe Seaweed Derivatives Market Segmentation ? By Country
Figure 3. Seaweed Derivatives Market Overview
Figure 4. Red Seaweed Segment Held Largest Share of Europe Seaweed Derivatives Market
Figure 5. UK Held Largest Share of Europe Seaweed Derivatives Market
Figure 6. Seaweed Derivatives Industry Landscape
Figure 7. Europe PEST Analysis
Figure 8. Seaweed Derivatives Market Impact Analysis Of Driver And Restraints
Figure 9. Europe Seaweed Derivatives Market Forecast And Analysis, (US$ Mn)
Figure 10. Europe Seaweed Derivatives Market Breakdown by Source, Value, 2018 & 2027 (%)
Figure 11. Europe Red Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. Brown Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 13. Europe Green Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 14. Europe Seaweed Derivatives Market Breakdown by Form, Value, 2018 & 2027 (%)
Figure 15. Europe Seaweed Derivatives: Liquid Market Revenue Forecasts To 2027 (US$ Mn)
Figure 16. Europe 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. Europe: Seaweed derivatives Market ? Revenue and Forecast to 2027 (US$ MN)
Figure 25. Europe: Seaweed derivatives Market Revenue Share, by Key Country (2018 and 2027)
Figure 26. Germany: Seaweed derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
Figure 27. France: Seaweed derivatives Market ? Revenue and Forecast to 2027(US$ Mn)
Figure 28. Italy: Seaweed derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
Figure 29. UK: Seaweed Derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Rest of Europe: Seaweed Derivatives Market ? Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Impact of COVID-19 Pandemic In Europe Country Markets
The List of Companies- Europe 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.