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; their extracts are used in the horticultural crops owing to 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 UK contributes the largest share to the Europe seaweed derivatives market. The UK market is majorly driven by the wider application of seaweed derivatives in the food &beverages industry. It is increasingly being used in fertilizers that are applied to improve crop yield and increases crop strength; the use of these additives help crops gain pest resistance. Rising consumer awareness regarding health benefits of seaweed derivatives is majorly boosting the seaweed market in the UK. Also, the escalating demand of organic food products fuels the growth of seaweed derivatives market in this country.
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In Europe, food &beverages is one of the major industries suffering serious consequences of this outbreak in the form of supply chain disruptions, technology events cancellations, and office shutdowns. For instance, China is the hub of manufacturing and the largest raw material supplier for various industries worldwide. The overall market breakdown due to COVID-19 is also affecting the growth of the seaweed derivatives market in Europe due to shutting down of factories, obstacles in supply chain, and downturn in world economy.
Europe Seaweed Derivatives Market
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Market Insights
Rising demand from food and beverages industry fuels global seaweed derivatives market growth
Seaweed derivatives such as agars, alginates, and carrageenans are extensively used in various food and beverage products. These derivatives are used in a wide range of food and beverages such as ice cream, syrup, lunch meats, baby formula, almond milk, whipped cream, candy bars, chocolate milk, coffee beverages (e.g., iced coffee and soy-based coffee drinks), coffee creamer, ricotta cheese, yogurt, cottage cheese, and sour cream, among others. Carrageenans are used as a thickening ingredient in puddings, chocolate milk, chewing gum, jams, and jellies. Additionally, carrageenans reduce waste by extending the shelf life of foods without any loss of quality. Various foods, such as mayonnaise and salad dressing, would separate without the help of a stabilizer. Therefore, carrageenan is used as a stabilizing agent in mayonnaise and salad dressing. Therefore, a wide range of applications of seaweed derivatives in the food and beverage industry boosts the growth of the seaweed derivatives market.
Source Insights
Based on source,the seaweed derivatives market is segmented into red seaweed, brown seaweed, and green seaweed. In 2018, the red seaweed segment accounted for the largest share of the Europe seaweed derivatives market. Red seaweedscontain the highest protein levels of all, which are responsible for its red color. Despite being found in the shallow waters, red seaweeds are capable of withstanding deep water conductions such as survival in low light and high-pressure conditions. These factors boost the growth of red seaweed derivatives market.
Europe Seaweed Derivatives Market, by Source – 2018 and 2027
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Form Insights
Based on form, the seaweed derivatives market is segmented into liquid, powder, and flakes. In 2018, the liquid segment accounted for the largest share of the Europe seaweed derivatives market; however, the powder segment is expected to register the highest CAGR during the forecast period. Liquid derivatives from brown seaweed are marketed for horticultural and agricultural applications. The liquid seaweed derivatives are used at high dilution rates, which results in minimal quantities of material being applied in the given area.
End Use Insights
Based on end use, the seaweed derivatives market is segmented into food and beverages, agricultural products, animal feed additives, pharmaceuticals, and others. In 2018, the food and beverages segment accounted for the largest share of the Europeseaweed derivatives market; however, the animal feed additives segment is expected to register the highest CAGR during the forecast period. Seaweed derivatives such as alginates are widely used in bakery products, candies, dairy products, salad dressings, ice creams, and creams and jellies; they are also being used in sausages, and processed meats and fish. The derivatives are also used in clarifying beers and wines. Alginates are completely organic and are safe for food application. Additionally, when dissolved in water, alginates are capable of thickening a solution. Moreover, they can form gels when they are added to a calcium salt solution. Therefore, alginates are primarily used in salad dressings and mayonnaise.
Report Spotlights
- Progressive industry trends in Europe seaweed derivatives market that help players develop effective long-term strategies
- Business growth strategies adopted by players with the focus on both developed and developing markets
- Quantitative analysis of Europe seaweed derivatives market from 2017 to 2027
- Estimation of seaweed derivatives demand across various industries in Europe
- Recent developments to understand the market competition and demand in Europe
- Market trends and outlook, coupled with factors driving or restraining the growth of Europe seaweed derivatives market
- Insights to help decision-making process by providing understanding of strategies that underpin commercial interest with regard to Europe seaweed derivatives market growth
- Europeseaweed derivatives market size at various nodes of market
- Detailed overview and segmentation of the Europe seaweed derivatives market, as well as its dynamics in the industry
- Size of seaweed derivatives market in various European countries, with promising growth opportunities in the corresponding countries
Europe Seaweed Derivatives Market – By Source
- Red Seaweed
- Brown Seaweed
- Green Seaweed
Europe Seaweed Derivatives Market – By Form
- Liquid
- Powder
- Flakes
Europe Seaweed Derivatives Market – By End-Use
- Food and Beverages
- Agricultural Products
- Animal Feed Additives
- Pharmaceuticals
- Others
Company Profiles
- W Hydrocolloids, Inc.
- KIMICA Corporation
- DuPont de Nemours, Inc.
- Gelymar S.A.
- CP Kelco
- ALGAIA
- Compañía Española de Algas Marinas, S.A.
- Cargill, Incorporated
- Arthur Branwell & Co.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Form, End Use, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners 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 Compañía Española 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
- W Hydrocolloids, Inc.
- KIMICA Corporation
- DuPont de Nemours, Inc.
- Gelymar S.A.
- CP Kelco
- Algaia
- Compañía Española de Algas Marinas, S.A.
- Cargill, Incorporated
- Arthur Branwell & Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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