According to a market report by Lucintel, the future of the global seaweed protein market looks promising with opportunities in the food & beverage, industrial application, animal feed, aquaculture, and cosmetics and personal care markets. The global seaweed protein market is expected to reach an estimated $1.0 billion by 2030 from $0.5 billion in 2024,at a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are rising interest in protein-rich foods and expanding health and fitness consciousness,rising demand for plant-based diets, as well as, innovations in processing technology to extract protein from seaweed in a cost-effective manner.A more than 150-page report to understand trends, opportunity and forecast in seaweed protein market to 2030 by extraction method (conventional and current method), source (red seaweed, green seaweed, and brown seaweed), application (food & beverage, industrial application, animal feed, aquaculture, and cosmetics and personal care), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the source category, red seaweed will remain the largest segment over the forecast period because it has high protein content which makes it an attractive source of protein for the food and beverage industry.
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In terms of region, APAC is expected to witness the highest growth over the forecast period due to increased demand for organic food and high demand for protein-rich beverages in the region.
The Seaweed Company, Gelymar, Acadian Seaplants, RoquetteKlotze, Cargill, Acadian Seaplants, Qingdao Seawin Biotech, CP Kelco, Aquagri Processing are the major suppliers in the seaweed protein market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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