The global seaweed-based feed market size is estimated to reach USD 1,251.0 million in 2023 and USD 2,385.6 million by 2033. It is set to register impressive growth, with global sales of seaweed-based feed products expanding at a CAGR of 16.0% over the forecast period, driven by factors like:
| Attributes | Key Insights |
|---|---|
| Estimated Global Seaweed-based Feed Market Size (2023E) | USD 1,251.0 million |
| Projected Seaweed-based Feed Market Revenue (2033F) | USD 2,385.6 million |
| Value-based CAGR (2023 to 2033) | 16.0% |
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Seaweeds are becoming a sustainable feed source for livestock and aquaculture. This is due to their nutritional, economic, and environmental benefits. Growing applications of seaweed feed supplements in the animal nutrition sector are set to drive market growth.
Seaweed-based feed offers several benefits over traditional feed, fueling its demand globally. For instance, seaweed feed products contain high protein content, which is essential for the growth and development of animals. It also contains bioactive compounds that can improve animal immune functions and increase disease resistance.
Seaweed-based feed has a low environmental footprint, as seaweed cultivation requires minimal land, freshwater, and fertilizer requirements. This makes it an eco-friendly alternative to conventional animal feed products.
The seaweed-based animal feed market is growing due to customer demand for natural and sustainable aquaculture feed. The aquaculture and livestock industries are increasingly utilizing seaweed-based feed to address consumer demands for healthier and more environmentally friendly solutions.
Using seaweed as new and safe feed additives could be a creative and sustainable way to provide animals with high-quality nutrition. Seaweed-based feed products promote animal health and allow people to produce high-quality animal products.
Growing awareness about the nutritional and environmental benefits of seaweed feed additives is set to boost market growth. It will also help the target industry to attain a prominent commercial seaweed market share through 2033.
Key players, including seaweed producers, feed manufacturers, and research institutions, are actively engaging in the development of innovative feed formulations. They are producing feed supplements from seaweed and collaborating to explore the potential of seaweed-based feed for various animal species.
Global demand for seaweed-based feed products grew at a healthy CAGR between 2018 and 2022. Over the forecast period, the global market for seaweed-based feeds is estimated to thrive at a CAGR of 16.0%, reaching a valuation of USD 2,385.6 million.
The global seaweed-based feed market witnessed steady growth from 2018 to 2022. This reflects the increased attention of consumers for organic and natural animal feed products, growing awareness of the environmental impact of conventional feed sources, and the focus on sustainable agriculture.
In the assessment period, the worldwide seaweed-based feed industry is set to register impressive growth. This is due to increasing awareness of sustainability among consumers, rising demand for algae-based animal feed, and expanding application of seaweed extracts in several animal feeds.
As individuals become more conscious of the environmental impact of conventional feed sources, there is a growing demand for sustainable alternatives. Seaweed-based feed offers a promising solution, as seaweed cultivation requires minimal land, freshwater, and fertilizers. Also, it reduces methane emissions and offers higher energy use efficiency.
The expansion of the livestock market is expected to fuel demand for seaweed-based feed. This significant growth is driven by the increasing global demand for seafood and animal products.
Several farmers are adopting seaweed-based feed due to its nutritional advantages and potential to improve animal growth and productivity. Growing usage of these feeds will stimulate growth of the seaweed feed market through 2033.
Technological advancements in seaweed cultivation and processing also contribute to the positive sales outlook. The ongoing research and technological improvements, such as offshore farming and automation, are expected to increase production efficiency and reduce the cost of production. This will make seaweed-based feed a more economical and accessible option.
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The United States is expected to hold a dominant share of 35.7% in the global seaweed-based feed market. This is due to the growing interest in seaweed-based feed as an alternative and sustainable animal feed source and expanding commercial seaweed market share.
China dominates the East Asia seaweed-based feed market, holding a significant market share of more than 23.6%. From 2023 to 2033, sales of seaweed-based feed products in China are expected to surge with a CAGR of around 7.6%. This is due to the growing awareness about the benefits of using seaweed in livestock feed.
Australia is set to witness robust growth amid a surge in new seaweed farming and processing industry ventures and high usage of seaweeds for animal feed. Investments by state governments in Australia and growing export opportunities can support the seaweed sector better in the assessment period.
| Countries | Anticipated CAGR (2023 to 2033) |
|---|---|
| United States | 8.0% |
| Japan | 8.9% |
| China | 7.6% |
| Australia | 12.8% |
The United States seaweed-based feed market is poised to exhibit a CAGR of 8.0% during the forecast period. It will likely total a valuation of USD 850.5 million by 2033. This is attributable to the rising interest in seaweed-based feed as an alternative and sustainable animal feed source.
The United States has a significant aquaculture sector, with a focus on seafood and seaweed production. As consumers are more conscious of the environmental impact of conventional feed sources, they are demanding sustainable aquaculture feeds. This will boost sales of seaweed-based feeds through 2033.
Seaweed-based feed offers a promising solution as it is considered more environmentally friendly. Seaweed cultivation requires fewer resources, such as land, freshwater, and fertilizers, than traditional feed sources.
Seaweed is abundant in vital elements, including vitamins, minerals, and omega-3 fatty acids, all of which are critical for the growth of animals. Adding seaweed-based feed into the fish diet can enhance their nutritional profile, resulting in healthier and more nutritious seafood products.
The growing popularity of seaplant-based animal nutrition is expected to improve the United States seaweed-based feed market share through 2033. Similarly, increasing the adoption of seaweed aquaculture feeds will benefit the market.
China is expected to dominate the East Asia seaweed-based feed industry, registering a CAGR of 7.6% during the forecast period. By 2033, China's seaweed-based feed market size is set to reach USD 563.0 million. This is due to China’s fast cultural familiarity with seaweed and favorable environmental conditions for cultivation and livestock industries.
China has a long history and tradition of seaweed cultivation and usage. Seaweed has been a part of Chinese cuisine and traditional medicine for centuries. This deep-rooted cultural familiarity with seaweed has significantly supported the development of China's seaweed-based feed sector.
The livestock sector in China adopts seaweed-based feed as a sustainable and nutritious alternative to conventional feed sources. The country's large population and growing middle class have led to an increased demand for meat and dairy products, driving the need for high-quality animal feed.
A feasible alternative that meets consumer expectations for organic and sustainable products is seaweed-based feed. Hence, China is anticipated to remain a highly lucrative market for seaweed-based feed manufacturing companies.
Australia’s seaweed-based feed market is set to register a compound annual growth rate (CAGR) of 12.8% during the forecast period. It will likely attain a valuation of USD 56.5 million in 2033. This is attributable to ongoing developments and advancements in Australia’s seaweed farming and processing industry.
Australia has seen a surge in new ventures in the seaweed farming and processing industry, indicating a growing interest and potential for the sector. This momentum is further supported by investments made by state governments and the expanding export opportunities.
A key driver of the seaweed-based feed industry's growth in Australia is the increased general acceptance of seaweed as a sustainable and environmentally beneficial feed source. The country is witnessing the adoption of sustainable farming practices, which will further boost the target market.
Seaweed-based feed products are gaining traction because they require less freshwater, land, and fertilizer than conventional feed sources. This awareness has prompted entrepreneurs and investors to explore the potential of seaweed farming and processing, leading to the establishment of new ventures in the country.
The below section provides deeper insights into top segments and their respective values & shares in the seaweed-based feed market. This information can help companies act accordingly, invest in popular forms, and develop seaweed-based products for specific applications.
| Top Segments | Market Share (2023) |
|---|---|
| Brown Seaweed (Source) | 38.6% |
| Aquaculture (Application) | 28.5% |
| Powdered (Form) | 43.4% |
As per the latest analysis, brown seaweed will likely remain the most preferred source for producing seaweed-based feed products during the forecast period. This is due to several advantages of brown seaweed, including its high nutritional value, high alginate content, palatability, and sustainability.
The brown seaweed segment is expected to hold a market share of 38.6% in 2023. Further, it will likely attain a market valuation of USD 920.9 million by the end of 2033.
Brown seaweed is the most commonly utilized variety among the seaweed species for making seaweed-based feed. Ascophyllum, Laminaria, and Sargassum are examples of brown seaweed that are well known for their nutritional worth and advantageous qualities when used in animal feed compositions.
The abundant presence of vitamins, minerals, amino acids, and bioactive chemicals in brown seaweeds promotes immune system performance, animal growth, and overall health. Thanks to these benefits, leading seaweed-based feed companies are using brown seaweed to produce their products.
Brown seaweed-based feed is being used more and more as livestock feed. To improve animal health and nutritional intake, it is added to feed formulations for cattle, pigs, poultry, and other livestock animals. This will further boost the target segment.
Based on application, the aquaculture segment is expected to generate a revenue of USD 679.9 million by 2033. It will likely hold a value share of 28.5% in 2023. This is due to the rising popularity of seaweed-based feed products in the aquaculture sector.
In aquaculture, seaweed-based feed is often utilized for feeding fish, prawns, shellfish, and other aquatic animals. Seaweed's nutritional makeup contributes to the general quality of farmed seafood items as well as growth and feed conversion rates.
Seaweeds are rich in essential vitamins, minerals, amino acids, and bioactive compounds. The appropriate growth, development, and health of aquatic animals depend on these nutrients.
Aquaculture animals obtain a well-rounded nutritional profile that supports their physiological processes and encourages healthy growth when they consume diets that include seaweed-based feed. Due to this, aquaculture has become the most popular application for seaweed-based feed on the market, with a large acceptance rate.
Based on form, demand for powdered seaweed-based feed products is expected to remain high in the market. This is due to the growing usage of powdered seaweed feed additives in animal nutrition. The target segment is set to attain a valuation of USD 1,035.4 million by the end of 2033.
Powdered forms of seaweed-based feed are widely used due to their versatility and ease of incorporation into feed formulations. These benefits of powdered seaweed-based feeds are encouraging their adoption globally.
Seaweed powder is easily combined with other feed materials and keeps its nutritious value for a long time in storage. The powder can be easily combined with other feed additives with standard feed processing tools such as mixers or blenders. Because of how simple it is to include, feed makers can effectively and widely produce seaweed-based feed, satisfying the needs of the feed industry.
Feed manufacturers and farmers can adjust the inclusion levels of powdered seaweed according to the specific nutritional requirements of the target species. This allows for customization of the feed formulation to optimize growth, health, and performance.
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The seaweed-based feed market has a diverse and dynamic competitive landscape. Start-ups highlight the increasing interest in seaweed-based solutions for animal feed and agriculture, reflecting the potential of seaweed to contribute to sustainable and environmentally friendly practices in the feed industry.
The seaweed-based start-up culture is expected to continue growing as more companies recognize the value of seaweed as a valuable and sustainable resource. To gain maximum benefit and meet end-user demand, key manufacturers of seaweed-based feed will look to introduce novel solutions and employ advanced technologies.
Recent Developments in the Seaweed-based Feed Market
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 1,251.0 million |
| Projected Market Size (2033) | USD 2,385.6 million |
| Anticipated CAGR (2023 to 2033) | 16.0% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value, MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Source, Form, Application, and Region |
| Key Companies Profiled | Algaia; Symbrosia; AquAgri Processing Pvt Ltd; Sea6 Energy; Cascadia Seaweed; The Seaweed Company; Corbion; Ocean Harvest Technology; Olmix Group; Cargill; Acadian Seaplants; Other Players |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global seaweed-based feed market value is set to reach USD 1,251.0 million in 2023.
Demand for seaweed-based feeds is poised to expand at a CAGR of 16.0% through 2033.
By 2033, the seaweed-based feed market size is expected to reach USD 2,385.6 million.
Currently, North America dominates the global seaweed-based feed industry.
Brown seaweed will remain a popular source type.
Cargill, Acadian Seaplants, Olmix Group, Algaia, and Symbrosia.
The global commercial seaweed market size is set to reach USD 14.9 billion by 2033.
The United States, China, Korea, and Japan.
Cargill, Olmix Group, and Algaia, among others.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Value Chain Analysis and Operating Margins 5. Global Market - Pricing Analysis 6. Global Market Demand in Value (USD million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Source 7.1. Red Seaweed 7.2. Brown Seaweed 7.3. Green Seaweed 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Aquaculture 8.1.1. Fish 8.1.2. Shrimp 8.1.3. Shellfish 8.1.4. Others 8.2. Livestock 8.2.1. Poultry 8.2.2. Pigs 8.2.3. Cattle 8.2.4. Others 8.3. Pet Food 8.3.1. Dogs 8.3.2. Cats 8.3.3. Horses 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 9.1. Powdered 9.2. Pellets 9.3. Liquid 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country-level Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Cargill 20.2. Algaia 20.3. Symbrosia 20.4. AquAgri Processing Pvt Ltd 20.5. Sea6 Energy 20.6. Cascadia Seaweed 20.7. The Seaweed Company 20.8. Corbion 20.9. Ocean Harvest Technology 20.10. Olmix Group 20.11. Acadian Seaplants 20.12. Others 21. Assumptions and Acronyms Used 22. Research Methodology
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Seaweed-based Feed Market
