Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Seaweed Extracts Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Seaweed Extracts Market?
The market size of seaweed extracts has seen significant growth lately. It is anticipated to rise from $2.44 billion in 2024 to $2.58 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%.
What Are the Expected Market Growth Trends for the Seaweed Extracts Market Through 2029?
The seaweed extracts market is projected to reach $3.29 billion in 2029, growing at a compound annual growth rate of 6.2%.
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What Are the Key Business Drivers in the Seaweed Extracts Market Landscape?
The key drivers in the seaweed extracts market are:
• Progression in the demand for renewable energy sources, such as biofuels
• Eco-friendly alternatives to fossil fuels are encouraging the use of seaweed extracts
• Seaweed extracts' role as a sustainable, carbohydrate-rich feedstock for biofuel production
• Government policies and technological advancements pushing the production and use of renewable fuels.
How Is the Seaweed Extracts Market Divided Across Key Categories?
The seaweed extractsmarket covered in this report is segmented –
1) By Type: Red, Brown, Green
2) By Form: Liquid, Powder, Flakes
3) By Application: Food And Beverages, Agriculture, Pharmaceuticals, Other Applications
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What Are the Ongoing Trends in the Seaweed Extracts Market?
The key trends in the seaweed extracts market are:
• There's a growing demand for plant-based solutions in the seaweed extracts market.
• Companies are taking advantage of the increased demand for sustainable and eco-friendly agricultural inputs.
• The development of products that promote environmental sustainability and agricultural productivity is a key trend.
• Minimizing reliance on synthetic fertilizers by leveraging seaweed extracts is an emerging trend.
Which Companies are Expanding in the Seaweed Extracts Industry?
Major players in the seaweed extracts market are:
• Cargill Inc.
• DuPont de Nemours Inc.
• FMC Corporation
• CP Kelco
• Acadian Seaplants Limited
• Laford Agrotech Limited
• Compania Espanola de Algas Marinas S.A
• Gelymar S.A.
• Seasol International Pty Ltd.
• Grow More Inc.
• Beijing Leili Marine Bioindustry Inc.
• Indigrow Ltd.
• Suboneyo Chemicals Pharmaceuticals (P) Limited
• TBK Manufacturing Corporation
• Kimica Corporation
• Mycsa AG
• Aquatic Chemicals
• Atharv Chemicals and Fertilizers Pvt. Ltd.
• Humate (Tianjin) International Limited
• Ocean organics
• Tagrow Co. Ltd.
• Technaflora Plant Products Ltd.
• Yash Chemicals Ltd.
• Cascadia Seaweed Corp.
Which is the Largest Region the Global Seaweed Extracts Market?
Europe was the largest region in the seaweed extracts market in 2024
