Seaweed extracts, derived from marine algae are gaining popularity for their versatility and sustainability. These extracts are rich in nutrients, vitamins, minerals, and bioactive compounds, making them useful in sectors such as agriculture, cosmetics, food, and pharmaceuticals. As industries move toward more sustainable and eco-friendly methods, seaweed extracts are becoming a natural alternative to synthetic chemicals and additives.
Here, we will explore the market growth of the seaweed extract industry, including its types, key trends, applications, and emerging technologies.
The global seaweed extracts market is on a steady growth path. According to BCC Research, the market is projected to increase from $17.5 billion in 2024 to $20.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.6% during the forecast period. This growth is driven by expanding demand for organic and natural products, as well as increased awareness of the benefits of seaweed extracts in a variety of applications.