North America Seaweed Derivatives Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Source (Red Seaweed, Brown Seaweed, and Green Seaweed); Form (Liquid, Powder, and Flakes); End Use (Food and Beverages, Agricultural Products, Animal Feed Additives, Pharmaceuticals, and Others); and Country
Market Introduction
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.
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Market Overview and Dynamics
The North Americaseaweed derivativesmarket is expected to reach US$ 593.39 Mn by 2027 from US$ 328.01 Mn in 2018. The market is anticipated to grow at a CAGR of 6.8% from 2019 to 2027.The rising demand from the food & beverages industry and health benefits of seaweeds and seaweed derivatives are among the key factors driving the market growth. However, the lack of consumer awareness regarding seaweed derivatives limits the market growth in the region.
Key Market Segments
The red seaweed segment accounted for the largest market share of the North America seaweed derivatives market, by source, in 2018. In terms of form, the liquid segment held the largest share of the market by 2027. In 2018, the food & beverages segment held the most significant share of the North America seaweed derivatives market, based on enduse.
Major Sources and Companies Listed
A few of the major primary and secondary sources associated with this report on the North America seaweed derivatives market are W Hydrocolloids, Inc.; KIMICA Corporation; DuPont de Nemours, Inc.; Gelymar S.A.; CP Kelco; Algaia; Compañía Española de Algas Marinas, S.A.; Cargill, Incorporated; and Agarmex, S.A. DE C.V.
Impact of COVID-19 Pandemic on Seaweed DerivativesMarket
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread worldwide at a fast pace. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The US has registered the highest number of confirmed COVID-19cases in the world, as well as in North America. This has adversely affected the food &beverages industry in the region due to the supply chain disruptions.
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NORTH AMERICA SEAWEED DERIVATIVES MARKET SEGMENTATION
By Source
- Red Seaweed
- Brown Seaweed
- Green Seaweed
By Form
- Liquid
- Powder
- Flakes
By End-Use
- Food and Beverages
- Agricultural Products
- Animal Feed Additives
- Pharmaceuticals
- Others
By Country
- US
- Canada
- Mexico
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
- Agarmex, S.A. DE C.V.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Seaweed Derivatives Market – By Source
1.3.2 North America Seaweed Derivatives Market – By Form
1.3.3 North America Seaweed Derivatives Market – By End-Use
1.3.4 North America 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 – North America
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 – North America Market Analysis
6.1 North America Seaweed Derivatives Market Overview
6.2 North America Seaweed Derivatives Market Forecast and Analysis
7. North America Seaweed Derivatives Market Analysis – By Source
7.1 Overview
7.2 North America Seaweed Derivatives Market Breakdown, By Source, 2018 & 2027
7.3 Red Seaweed
7.3.1 Overview
7.3.2 North America Red Seaweed Market Revenue Forecasts to 2027 (US$ Mn)
7.4 Brown Seaweed
7.4.1 Overview
7.4.2 North America Brown Seaweed Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Green Seaweed
7.5.1 Overview
7.5.2 North America Green Seaweed Market Revenue Forecasts to 2027 (US$ Mn)
8. North America Seaweed Derivatives Market Analysis – By Form
8.1 Overview
8.2 North America Seaweed Derivatives Market Breakdown, By Form, 2018 & 2027
8.3 Liquid
8.3.1 Overview
8.3.2 North America Seaweed Derivatives: Liquid Market Revenue Forecasts to 2027 (US$ Mn)
8.4 Powder
8.4.1 Overview
8.4.2 North America 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 North America: Seaweed derivatives Market – Revenue and Forecast to 2027(US$ Mn)
10.1.2 North America: Seaweed derivatives Market, by Key Country
10.1.2.1 US: Seaweed derivatives Market– Revenue and Forecast to 2027 (US$ Mn)
10.1.2.1.1 US: Seaweed derivatives Market, by Source
10.1.2.1.2 US: Seaweed derivatives Market, by Form
10.1.2.1.3 US: Seaweed derivatives Market, by End-Use
10.1.2.2 Canada: Seaweed derivatives Market– Revenue and Forecast to 2027 (US$ Mn)
10.1.2.2.1 Canada: Seaweed derivatives Market, by Source
10.1.2.2.2 Canada: Seaweed derivatives Market, by Form
10.1.2.2.3 Canada: Seaweed derivatives Market, by End-Use
10.1.2.3 Mexico: Seaweed derivatives Market– Revenue and Forecast to 2027 (US$ Mn)
10.1.2.3.1 Mexico: Seaweed derivatives Market, by Source
10.1.2.3.2 Mexico: Seaweed derivatives Market, by Form
10.1.2.3.3 Mexico: Seaweed derivatives Market, by End-Use
11. Overview- Impact of Covid-19 Outbreak
12. Impact of COVID-19 Pandemic on North America Seaweed Derivatives Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry landscape
13.1 Merger and Acquisition
13.2 Company News
13.3 Product Launch
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
14.4.6 Key Developments
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 Agarmex, S.A. DE C.V.
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. North America Seaweed Derivatives Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. US Seaweed Derivatives Market, by Form – Revenue and Forecast to 2027 (USD Mn)
Table 3. US Seaweed Derivatives Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 4. Canada Seaweed Derivatives Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 5. Canada Seaweed Derivatives Market, by Form – Revenue and Forecast to 2027 (USD Mn)
Table 6. Canada Seaweed Derivatives Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 7. Mexico Seaweed Derivatives Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 8. Mexico Seaweed Derivatives Market, by Form – Revenue and Forecast to 2027 (USD Mn)
Table 9. Mexico Seaweed Derivatives Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 10. Glossary of Terms, Seaweed Derivatives Market
LIST OF FIGURES
Figure 1. North America Seaweed Derivatives Market Segmentations
Figure 2. North America Seaweed Derivatives Market Segmentation – By Country
Figure 3. Seaweed Derivatives Market Overview
Figure 4. Red Seaweed Segment Held Largest Share of North America Seaweed Derivatives Market
Figure 5. US Held Largest Share of North America Seaweed Derivatives Market
Figure 6. Seaweed Derivatives Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Seaweed Derivatives Market Impact Analysis Of Driver And Restraints
Figure 9. North America Seaweed Derivatives Market Forecast And Analysis, (US$ Mn)
Figure 10. North America Seaweed Derivatives Market Breakdown by Source, Value, 2018 & 2027 (%)
Figure 11. North America Red Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. Brown Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 13. North America Green Seaweed Market Revenue Forecasts To 2027 (US$ Mn)
Figure 14. North America Seaweed Derivatives Market Breakdown by Form, Value, 2018 & 2027 (%)
Figure 15. North America Seaweed Derivatives: Liquid Market Revenue Forecasts To 2027 (US$ Mn)
Figure 16. North America 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. North America: Seaweed Derivatives Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 25. North America: Seaweed derivatives Market Revenue Share, by Key Country(2018 and 2027)
Figure 26. US: Seaweed derivatives Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Canada: Seaweed derivatives Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Mexico: Seaweed derivatives Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 29. IMPACT OF COVID-19 PANDEMIC IN NORTH AMERICAN COUNTRY MARKETS
The List of Companies - North America 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
- Agarmex, S.A. DE C.V.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America seaweed derivatives market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.