Figure 65: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 13: Global: Seaweed (Wild Harvest) Market Forecast: Production Volume (in Million Tons), 2020 - 2025 The amount of money necessary to start up a seaweed farm, depends on the size you have in mind. The farming of seaweed has expanded rapidly as demand has outstripped the supply available from natural resources. 9.3.5.2 Market Forecast The competitive landscape of the industry has also been examined with some of the key players being Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc. 9.5.3.1 Market Trends This farm is the largest experimental seaweed farm in the UK and is used for upscaling studies as it approaches a size that could be commercially viable. What are the various stages in the value chain of the global seaweed industry? Figure 41: South Korea: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 7.2.1 Market Trends 9.1.2.1 Market Trends For further information review our Privacy Policy. Figure 85: United Arab Emirates: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 At 127 acres, the Premium Aquatics farm ⦠There is consensus among consulted stakeholders that offshore production of seaweeds will be based on long-line techniques, already familiar to mussel farming. 9.1.3.2 Market Forecast Figure 27: Global: Seaweed (Fertilizers) Market Forecast: Consumption Volume (in Million Tons), 2020 – 2025 11.4 Traders/Distributors 9.3.2.2 Market Forecast 12.2 Bargaining Power of Buyers Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that grow in oceans, sea, lakes, rivers, and other water bodies. It’s slippery to the touch, smells like the sea, and tastes a bit like salty kale. It is advisable to cultivate seaweeds through contract growing or trader financing to ensure a ready market. Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025, World’s largest food event to generate record trade in Feb, Indian Dairy Firms Now Look to Sell Protein Supplements Added Milk, The Business of Health Care December 2016. The forest disappeared because of an unusually warm water temperature that accompanied severe winter storms. Figure 46: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 55: Europe: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 16 Figure 6. 9.5.4.1 Market Trends 7 Market Breakup by Product Seaweed farming is they way to cultivate and harvest the seaweed. 7.1.1 Market Trends 6.1.1 Market Trends After taking over the plot’s lease and state permit from the previous owner more than a year ago, Marquez has been waiting for the California department of fish and wildlife to transfer the lease and permit into his name so that he can start commercial production. 9.1.3.1 Market Trends 9.1.3 Philippines There are also personnel and transport costs associated with building, maintaining, harvesting and transporting the seaweed⦠9.5.4 Others 9.4.1.2 Market Forecast Furthermore, the increasing investments in several R&D activities, coupled with the rising consumer awareness towards diversified applications of seaweed, are anticipated to catalyze the global seaweed market in the coming years. 8 Market Breakup by Application Figure 72: Argentina: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 74: Chile: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 ( UK: +44-702-409-7331 ) A 2016 report from the World Bank estimates that the annual global seaweed production could reach 500m dry tons by 2050 if the market is able to increase its harvest 14% per year. Figure 62: Russia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 ichael Graham reaches into a bright blue tub of bubbling water and pulls out a handful of a dark brown curly substance. Figure 76: Peru: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 52: Canada: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 12.5 Threat of New Entrants 9.5 Middle East and Africa Figure 63: Russia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 There are now opportunities for entrepreneurially-minded people to enter the seaweed farming business and have a chance to succeed. Wild stocks are limited, so seaweeds have been cultivated instead. Figure 45: Vietnam: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 2.4.1 Bottom-Up Approach Growing seaweed this way requires little maintenance, little feed and no fertilizers, says its designer, Bren Smith, a seaweed farmer in Connecticut. 9.4.4.1 Market Trends A. Figure 80: Middle East and Africa: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 9.5.1.2 Market Forecast 6.1 Aquaculture 4.2 Key Industry Trends Figure 16: Global: Seaweed (Brown) Market: Production Volume (in Million Tons), 2014 & 2019 quirements and production costs (tables on this page). Figure 44: Vietnam: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 In the following paragraphs, the costs of seaweed production are estimated based on expert judgment. Figure 68: Brazil: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 As the world population grows, and the climate changes, there’s been increased interest from nonprofits, businesses and development organizations to use algaes for food and energy. Just 320 or Graham decided not to do open-water seaweed farming partly because of the long wait times for California permits and the costs of operating a boat to harvest the seaweed. 6.2 Wild Harvest *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. Figure 83: Saudi Arabia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Its ability to absorb carbon dioxide, nitrogen and phosphorus also make it a living vacuum to clean up polluting chemicals discharged by farms, factories and wastewater treatment plants. 9.3.1 France 8.4.2 Market Forecast To meet this new demand required a change in production methods. Fixed Cost ⦠8.5.1 Market Trends Scale of farm: 30 hectares currently with a single 100 x 100 m grid system for growing of seaweed. 9.2.2.2 Market Forecast From Smith’s perspective, it’s not an option of whether or not the world should embrace and boost seaweed farming for food production. 4.1 Overview 6.1.2 Market Forecast 14 Competitive Landscape The current price for wet seaweed (Kelp) is £4 per kilogram, a 100m line will give you around 1500 Kg of wet seaweed, some lines may be less some maybe more. This model puts the cost of gear for a 20-acre seaweed farm at roughly $50,000. They most likely come from farms in Asia. However, current seaweed production has not yet reached the scale necessary to drive down costs and encourage a seaweed biomass industry. Seaweed farming or kelp farming is the practice of cultivating and harvesting seaweed.In its simplest form, it consists of the management of naturally found batches. "My goal was to create a small kelp farm off the coast of Maine that could be used for education, research, and to create a small business with positive impacts." It is carbon positive and is environmentally restorative. 9.5.2.2 Market Forecast Add lease fees, seed expense, and labor costs, and the average farm would lose money, excluding capital costs, unless it ⦠Figure 20: Global: Seaweed (Processed Foods) Market: Consumption Volume (in Million Tons), 2014 & 2019 6 Market Breakup by Environment “We’re all about polyculture [multiple crops], so that you diversify risk for the ocean farmer, and it’s better for the ecosystem,” says Smith. 2.1 Objectives of the Study ‘This is like a backyard farm where you can sell your goods at a farmer’s market.’. 14.3.4 Irish Seaweeds 9.4.6.2 Market Forecast Figure 9: Global: Seaweed Market Forecast: Production Value (in Billion US$), 2019-2025 9.3.3.2 Market Forecast 9.1.5.2 Market Forecast 100% of the investment will go to the materials that make the farm: ropes, barrels, anchors and also for the seaweed spores. 9.4.6 Others 9.4.3.1 Market Trends 14.3.6 Mara Seaweeds Seaweed farming in China (Chen, 2006). 9.1.7.1 Market Trends 10.3 Weaknesses 9.4.5 Peru 5 Global Seaweed Market Figure 30: Global: Seaweed (Others) Market: Consumption Volume (in Million Tons), 2014 & 2019 2.5 Forecasting Methodology 12 Porters Five Forces Analysis 2.3 Data Sources 7.2.2 Market Forecast Seaweeds can also be sold to the nearest wet market. Graham, along with his wife and seven children, grow and sell their seaweed to upscale restaurants in Monterey and the San Francisco Bay Area, such as Farallon and Hog Island Oyster Company. Figure 78: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 9.2.2 Canada 6.2.1 Market Trends 10.2 Strengths 9.4 Latin America 11.2 Farmers 12.3 Bargaining Power of Suppliers 17 Figure 7. What is the degree of competition in the global seaweed market. 11.5 Retailer Table 6: Global: Seaweed Market: Competitive Structure 5.4.2 Value Trends A 2016 study by researchers in the Netherlands estimated that the cost of harvesting and transporting seaweed from offshore farms in the North Sea, which requires specialized equipment and is labor intensive, at $1,380/hectare⦠9.2.1.1 Market Trends Additionally, the newer applications of seaweed, for instance, as a thickening agent in the textile industry as well as for enhancing yield, improving soil quality and crop protection in the agriculture industry, have also bolstered the product demand in recent times. 14.3.7 Qingdao Gather Great Ocean Algae Industry Group (GGOG) 14.2 Key Players Figure 33: Asia Pacific: Seaweed Market Forecast: Production Volume (in Million Tons), 2020-2025 He routinely walks into the back of these restaurants in shorts and flip-flops and hands over the live seaweed in bags of seawater to his chef customers, who use it to accompany shellfish dishes or as a sprig in a bloody mary. 7.1.2 Market Forecast 9.3.2 Italy As for the cost of establishing a seaweed farm, everyone I talked to in Ireland is dubious of the figures that Smith cites. Moreover, seaweeds are rich in bioactive compounds, antioxidants, and antimicrobial properties, which makes them suitable for several medical purposes in the pharmaceutical industry. 9.1.4 South Korea 9.4.4.2 Market Forecast They are either obtained from aquaculture or wild harvest. Hitting that 500m mark would boost the world’s food supply by 10% from the current level, create 50 million direct jobs in the process and, as a biofuel, replace about 1.5% of the fossil fuels used to run vehicles. Figure 6: Global: Seaweed Market: Breakup by Application (in %), 2019 9.5.4.2 Market Forecast 14.3.3 DuPont de Nemours, Inc. The prospects for seaweed ⦠Thereâs a major startup cost for creating the farm, however. Seaweed has a whole range of uses, and demand has increased all over the world during the last half-century. The Monterey Bay Aquarium, in the framework of its Seafood Watch program, gave a high score of 7.9/10 to cultivated seaweed in 2014. 9.4.1.1 Market Trends What is the breakup of the global seaweed market based on the environment? Converting plots into working farms could disrupt the habitats of wildlife and deplete naturally occurring nutrients, though more research is necessary to understand the scope of the issues. Figure 40: South Korea: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 12.4 Degree of Competition 11.3 Processing Figure 82: Saudi Arabia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 5.2.2 Value Trends In fact, the 2012 world production of seaweeds had a⦠Figure 77: Peru: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 GreenWave sells its fresh seaweed (not dried) to corporate customers such as Patagonia and Google. Environmentalists are also concerned that farms that grow only one crop risk big financial losses if the crop becomes susceptible to disease. 1 Preface Europe’s got its own budding seaweed farming entrepreneurs as well. About 250 miles south of Graham’s farm, near Santa Barbara, Daniel Marquez stands on a cliff above a rocky beach and points out to a 25-acre plot of seascape where he and his wife, Antoinette, intend to farm seaweed through an open-sea system. Figure 75: Chile: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Privacy policy, Kegerators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, United States Hot Sauce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, United States Gluten-Free Oats Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Europe Hot Sauce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Europe Gluten-Free Oats Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ( US: +1-631-791-1145 ) Growing seaweed comes with potentially significant environmental impacts. 8.4.1 Market Trends 9.1.6.2 Market Forecast The employment generation of seaweed farming at the study area has been estimated at 3,392 man days (1,280 man days plus 2,112 woman days) per an-num. Figure 50: United States: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 For around $20,000 and a boat (which can greatly vary in price), farmers can get up and running and start out putting seaweed lines in the water. Fish farming ⦠9.4.2 Mexico Production stages for the farming ⦠9.1.4.2 Market Forecast But in contrast to many of the sprawling farms in China, these entrepreneurs are looking to create new business models, farming methods, technologies and designs that incorporate environmental sustainability and ocean biodiversity. enhance our services. Figure 14: Global: Seaweed (Red) Market: Production Volume (in Million Tons), 2014 & 2019 Much of the world’s seaweed is produced in large sea-based farms off the coasts of China, Indonesia, the Philippines, South Korea and Japan. Figure 57: France: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 The global seaweed market reached a production value of US$ 8.8 Billion in 2019. The only things that go into the tubs are seaweed, seawater and sunlight. 14.3.1 Acadian Seaplants Limited Marquez designed GreenWave’s seaweed hatchery, and he’s the first west coast farmer to belong to GreenWave’s farming network. Figure 8: Global: Seaweed Market Forecast: Production Volume (in Million Tons) 2020-2025 Figure 90: Global: Seaweed Industry: SWOT Analysis 12.6 Threat of Substitutes 2.2 Stakeholders Figure 58: Italy: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 2: Global: Seaweed Market: Production Volume (in Million Tons), 2014-2019 8.2 Direct Human Consumption Securing farming permits in states with stricter environmental conservation laws, such as California, can be a lengthy process. Figure 21: Global: Seaweed (Processed Foods) Market Forecast: Consumption Volume (in Million Tons), 2020- 2025 14.1 Market Structure 1 In China, in Sanggou Bay, a study 2 demonstrated that large-scale kelp farming ⦠The average cost of production of L. japonica in China, for example, is about USD 650â700/t dry weight (Chen, personal communication), while costs reported by the FAO for carrageenan seaweed farming ⦠5.3 Impact of COVID-19 9.3.1.1 Market Trends 9.5.1.1 Market Trends “This is like a backyard farm where you can sell your goods at a farmer’s market,” says Graham, gesturing to his farm a few feet from the sea and next to the Moss Landing Marine Labs, where he’s a professor in the California State University system. 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