1. Market Research
  2. > Food Manufacturing
  3. > Food Ingredient Market Trends
Europe Seaweed Derivatives Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Source ; Form ; End Use ; and Country

Europe Seaweed Derivatives Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Source ; Form ; End Use ; and Country

  • June 2020
  • 124 pages
  • ID: 5915429
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

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, and their extracts are used in the horticultural crops to leverage 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 market in Europe is majorly driven by the wider application of seaweed derivatives in the food & beverages industry.It is increasingly being used in fertilizers to improve crop yield and increase crop strength, along with helping it in gaining pest resistance.

Rising consumer awareness regarding health benefits of seaweed derivatives is majorly boosting the Europe market. Moreover, the surging demand for organic food products fuels the growth of Europe seaweed derivatives market. However, the lack of awareness among the farmers regarding the extraction of seaweed is hampering the market growth.

Based on end use, the seaweed derivatives market is segmented into food and beverages, agricultural products, animal feed additives, pharmaceuticals, and others.The food and beverages segment accounted for the largest share of the market in 2018; however, the animal feed additives segment is expected to register the highest CAGR during the forecast period.

Agar is a seaweed derivative that is used as a gelling and stabilizing agent in water gels, bakery products, confectionery, dairy products, canned meat and fish products, soups and sauces, and beverages.It can also be used as a thickening agent, coagulator, emulsifier, and stabilizer in the production of confectionaries such as gums, caramels, and marshmallows.

The polysaccharide is used in dairy and dairy products such as ice-creams, mousses, yogurts, chocolate milk, custard tarts, and custards.It is used as a cost-effective stabilizer in applications wherein water retention is utmost important.

Agar can also be mixed with other colloids to improve the final texture of the product.

The Europe seaweed derivatives market is segmented on the basis of country into UK, Germany, France, Italy, and the Rest of Europe.The UK holds the largest share of the Europe seaweed derivatives market, followed by France.

The market in this country is majorly driven by the wider application of seaweed derivatives in the food &beverages industry.It is increasingly being used in fertilizers which improves crop yield and increases the crop’s strength, which helps in pest resistance.

Rising consumer awareness regarding health benefits of seaweed derivatives, as well as increasing demand for organic foods due to growing disposable incomes, is majorly boosting the seaweed market in the UK.

In December 2019, an outbreak of COVID-19 began in Wuhan (China), and since then it has spread across the globe at a fast pace.US, India, Spain, Russia, China, Italy, France and Germany, are among the worst affected countries in terms of positive cases and reported deaths as of March 2020.

According to the latest WHO figures updated on May 25, 2020, there are ~ 5 307 298 confirmed cases and 342 070 total deaths globally.The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

China is known as a global hub of manufacturing and the largest raw material supplier for various industries. The overall market breakdown due to COVID-19 is also affecting the growth of the personal care wipes market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

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 Arthur Branwell & Co., are among the major players in the Europe seaweed derivatives market.

The Europe seaweed derivatives market size has been derived in accordance with to both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the seaweed derivatives market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on