Latest News- Seaweed Protein Market: Red is expected to lead the Source segment during 2024-2028

The Seaweed Protein Market is being driven by Growing health consciousness among consumers

The Seaweed Protein Market is expected to grow at a CAGR of 10.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 366.63 million. In the context of business and nutrition, the vegan lifestyle, which advocates for abstaining from animal products, is gaining significant traction. Consumers adhering to this lifestyle prioritize ethical and environmental considerations. However, obtaining essential nutrients such as vitamin B12, iodine, omega-3s, magnesium, and calcium from conventional plant sources can be challenging for vegans since they exclude animal proteins like fish. Seaweed, a plant-based alternative, presents a promising solution to this dilemma. With the increasing global trend towards veganism and vegetarianism, the demand for seaweed protein is poised for growth. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Source
  • Red
  • Brown
  • Green
• Method
  • Conventional
  • New
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing health consciousness among consumers
• Growing hunger crisis across globe
• Rising demand for seaweed-flavored food and beverages

However, the market also witnesses some limitations, which are as follows:

• Health risks associated with the overconsumption of seaweed protein
• Inefficiency in traditional extraction process of seaweed protein
• Increased cost of seaweed farming

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Market Scope in Seaweed Protein Market Research Report

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Research Analysis Overview

The seaweed protein market is experiencing significant growth due to the rising demand for plant-based protein options in the food and nutrition industry. Kelp and brown algae, as types of seaweed, are gaining popularity as sustainable sources of protein, appealing to health-conscious consumers seeking alternatives to animal-based proteins. The extraction process of these natural ingredients ensures clean label, plant-based protein solutions. Seaweed farming expands applications in health and wellness, with brown seaweed and green seaweed offering various health benefits. However, individuals with hyperthyroidism should exercise caution due to potential interactions with hydrocolloids derived from seaweed. The market's growth is driven by the trend towards plant-based foods and the desire for natural ingredients.

Market Research Overview

The global seaweed protein market is a significant segment of the larger packaged foods and meats market within the food products sector of the food, beverage, and tobacco industry. This market encompasses businesses engaged in food processing to ensure food safety and extend product shelf life. Technavio's market analysis calculates the size of the global packaged foods and meats market based on the consolidated revenue of participating vendors. Excluded from this market are manufacturers of food processing equipment and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Seaweed protein, derived from edible algae, serves as a sustainable, natural, and nutrient-rich alternative to animal-derived proteins and plant-based protein sources. As a functional food ingredient, seaweed protein contributes to the production of vegan protein options and marine-sourced nutrition, expanding the market's reach within the global food industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/