The Seaweed Market is poised to achieve a market value of $23.2 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period from 2021 to 2028. Furthermore, in terms of volume, the seaweed market is projected to witness a CAGR of 9.5% from 2021 to 2028, reaching a volume of 11,408.3 KT by 2028. Seaweed, a term encompassing numerous species of marine plants and algae, can be found in oceans, rivers, lakes, and other aquatic environments. It is commonly categorized into three main groups based on pigmentation or type, namely red, brown, and green seaweeds. The primary application of these seaweeds as food and food ingredients is most prominent in the Asia-Pacific region, notably in countries such as China, Indonesia, the Philippines, Korea, and Japan, where seaweed cultivation has developed into a significant industry. Currently, seaweeds are being extensively explored as a fuel source due to their high photosynthetic efficiency and their capacity to produce lipids, which are a biodiesel feedstock. This is expected to open new opportunities for seaweed biomass manufacturers.

Here are the top 10 companies operating in the Seaweed Market:

Seaweed & Co.
Based in Whitley Bay, U.K., Seaweed & Co. is involved in the manufacturing and distribution of organic seaweed ingredients. The company offers a range of organic PureSea seaweed ingredients and Doctor Seaweed’s Weed & Wonderful seaweed products. Seaweed & Co. provides PureSea organic seaweed ingredients for the food, beverage, and nutrition market, with a strong presence in the U.K.

Cargill, Incorporated
Cargill, Incorporated operates globally, engaging in the manufacturing and marketing of food, agriculture, and financial & industrial products & services. The company operates through five business segments, and it launched the Red Seaweed Promise™ program in 2019 to address sustainability challenges related to red seaweed harvesting and cultivation. Cargill offers powder-formed seaweed for use in food, beverage, and personal care products, with manufacturing facilities in 70 countries and products sold in over 125 countries worldwide.

Green Rise Agro Industries
Founded in 2010 and headquartered in Pune, Maharashtra, India, Green Rise Agro Industries specializes in the manufacturing and marketing of agriculture organic fertilizer powder. The company offers a wide range of organic fertilizer and manure, including seaweed extract products for agricultural applications, with a strong presence throughout India.

VietDelta Ltd.
Headquartered in Hochiminh City, Vietnam, VietDelta Ltd. is involved in providing various goods, agriculture, and seafood products. The company offers dried seaweed powder for use in fertilizers, with a geographical presence spanning the Americas, Europe, the Middle East, North Africa, Asia, and the sub‑Saharan African region.

Ocean Rainforest
Established in 2010 and headquartered in Faroe Islands, Denmark, Ocean Rainforest is engaged in the cultivation, harvesting, and processing of several seaweed species. The company provides fresh, frozen, ensilaged, and dried seaweed products, serving the European food and feed market with high-quality seaweed products since 2014. They offer nordic seaweed products for food and cosmetic manufacturers, with a strong presence in North America and Europe.

Thorverk HF
Founded in 1976 and headquartered in Reykhólar, Iceland, Thorverk is involved in manufacturing and distributing organic and sustainably harvested algal meal. They operate a seaweed drying plant since 1986 and offer dried and milled Ascophyllum and Laminaria products, producing 7,000 tons of pure, dry seaweed meal annually. The company has a strong presence in Europe.

ALGAplus
Founded in 2012 and headquartered in Ilhavo, Portugal, ALGAplus focuses on manufacturing and distributing macroalgae and its derived products with biological certification. They provide seaweed extracts for use in food and cosmetic products, featuring various seaweed species. The company maintains a strong geographical presence in Europe.

MYCSA Ag, Inc.
Established in 2004 and headquartered in Brownsville, Texas, U.S., MYCSA Ag, Inc. is engaged in the production and distribution of organic bulk fertilizers, raw materials, solutions, and other products for organic growers and the organic agriculture industry. They offer organically certified, water-soluble fertilizers and natural insect repellents, including seaweed extract in powder and flake forms. MYCSA's geographical presence extends across the Americas, Europe, Asia-Pacific, and the Middle East and Africa.

Baoji Earay Bio-Tech Co., Ltd.
Headquartered in Baoji, China, Baoji Earay Bio-Tech Co., Ltd. specializes in research, production, and sales of natural plant extracts and refining processes. The company offers seaweed powder for use in the food and beverage, health, and pharmaceutical industries and holds GMP, HACCP, ISO9001, and Kosher Certifications. They have a strong geographical presence in China and distribute products across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Shore Seaweed
Founded in 2016 and headquartered in Alness, Scotland, U.K., Shore Seaweed engages in the cultivation, harvesting, and processing of natural Scottish seaweed, harvested from the far north of Scotland. The company has a strong presence in Europe.

Notable Mentions: Rongcheng Jingyi Ocean Technology Co., Ltd., Sar Agrochemicals & Fertilizers Pvt. Ltd., Algea, and Arctic Company (Part of Valagro Group).

For more comprehensive information, you can refer to Meticulous Research®'s report on the Seaweed Market, which offers in-depth insights into these companies, covering aspects such as recent financial performance, key products, company strategies, partnerships, acquisitions, and a thorough analysis of the market's size and trends from 2021 to 2028.

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