Figure 66: Latin America: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019     2.5    Forecasting Methodology Seaweed farming in China (Chen, 2006). Through GreenWave, farmers get training and education, two years of consulting help, aid with permits from pro bono lawyers, free seed and a commitment from GreenWave’s customers to buy up to 80% of their seaweed harvests. Figure 48: North America: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019         8.3.1    Market Trends             9.5.1.2 Market Forecast         9.5.1    Saudi Arabia         9.5.2    United Arab Emirates             9.1.5.2 Market Forecast         8.2.2    Market Forecast Next to the ocean plot, a pod of dolphins swim by, and overhead flock after flock of pelicans fly. The global seaweed industry is worth $13 billion but until recently it has been a largely untapped resource in Australia. Figure 65: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     12.5    Threat of New Entrants the benefit-cost ratio was 1.19.     6.2    Wild Harvest Figure 88: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019         2.3.1    Primary Sources 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.         8.5.2    Market Forecast         9.1.3    Philippines Owing to several functional and health benefits, they find diversified applications in food & beverages, pharma products, wastewater treatment, bio-refining, and dietary supplements.         8.1.2    Market Forecast The model is designed to use space efficiently by growing crops that occupy the entire vertical water column.         6.2.2    Market Forecast     14.3.7     Qingdao Gather Great Ocean Algae Industry Group (GGOG)     11.6    End-Users Table 1: Global: Seaweed Market: Key Industry Highlights, 2019 and 2025     10.4    Opportunities Figure 43: Malaysia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 The blueprint for 3D ocean farming can grow 10 tons of seaweed and 150,000 shellfish on an acre per year.         9.1.6    Vietnam         2.4.2    Top-Down Approach             9.1.1.1 Market Trends Farmed seaweed is big business there, mainly for human consumption. Figure 49: North America: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 60: Spain: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 41: South Korea: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025             9.4.3.1 Market Trends Figure 30: Global: Seaweed (Others) Market: Consumption Volume (in Million Tons), 2014 & 2019 Seaweeds can also be sold to the nearest wet market.             9.5.4.2 Market Forecast             9.1.7.2 Market Forecast What are the key driving factors and challenges in the global seaweed market?     2.3    Data Sources     10.5    Threats What is the structure of global seaweed industry and who are the key players?             9.1.4.1 Market Trends What is the breakup of the global seaweed market based on the environment? 14    Competitive Landscape      Figure 46: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019     11.1    Input Supplier         5.4.2    Value Trends Figure 28: Global: Seaweed (Animal Feed Additives) Market: Consumption Volume (in Million Tons), 2014 & 2019 The average cost of production of L. japonica in China, for example, is about USD 650–700/t dry weight (Chen, personal communication), while costs reported by the FAO for carrageenan seaweed farming … Figure 21: Global: Seaweed (Processed Foods) Market Forecast: Consumption Volume (in Million Tons), 2020- 2025 Figure 70: Mexico: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019         9.4.3    Argentina         9.3.4    Russia             9.3.2.2 Market Forecast Figure 73: Argentina: 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. 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. Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that … It considers it to be one of the best choices in environmentally responsible consumption.     14.3    Profiles of Key Players The World Bank estimates global seaweed production could reach 500m dry tons by 2050 if the market is able to increase its harvest 14% per year. 2    Scope and Methodology Still, California is home to many aspiring seaweed growers. With a global production of 17.3 million metric tons, seaweed aquaculture is second only in volume to the farming of freshwater fish. Figure 74: Chile: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 40: South Korea: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 18: Global: Seaweed (Green) Market: Production Volume (in Million Tons), 2014 & 2019         8.4.1    Market Trends The rising demand for seaweed is augmented by the increasing consumption of seaweed in dietary supplements based on its nutritive content, flavor-enhancing, and weight loss properties. The article is part two of a two-part series on ocean aquaculture.     14.2    Key Players         5.2.1    Volume Trends             9.2.2.2 Market Forecast         9.1.4    South Korea     5.2    Market Performance             9.1.6.1 Market Trends             9.5.4.1 Market Trends             9.2.1.1 Market Trends 7    Market Breakup by Product There are also personnel and transport costs associated with building, maintaining, harvesting and transporting the seaweed… It is a part of aquaculture and the farming has been regularly developed in many countries including China, Korea, Japan, and other … The farming of seaweed has expanded rapidly as demand has outstripped the supply available from natural resources. W hen seaweed farming was unheard of in India, Abhiram Sethi was driving a project for PepsiCo. 13    Price Indicators 12    Porters Five Forces Analysis This seaweed is largely dried (or sometimes blanched) and used for food, animal feed and industrial applications such as thickeners for making toothpaste. There’s a major startup cost for creating the farm, however. 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. Scheer said Premium Aquatics will remain the parent company for both the shellfish and seaweed production divisions, while Seagrove Kelp Co. will be the brand that the kelp will be marketed under.         7.3.2    Market Forecast     13.2    Price Structure Marquez is among a network of seaweed farmers, mostly on the east coast, who are advocates of using a system called 3D ocean farming, which grows seaweed and shellfish together on long vertical floating ropes. Figure 5: Global: Seaweed Market: Breakup by Product (in %), 2019 In its most advanced form, it consists … Figure 81: Middle East and Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 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 9: Global: Seaweed Market Forecast: Production Value (in Billion US$), 2019-2025     8.2    Direct Human Consumption Those sushi wraps on your California roll? He says: “If climate change is as bad as we think it will be, I don’t see how we can’t do this.”, Michael Graham at his seaweed farm in Monterey Bay. However, current seaweed production has not yet reached the scale necessary to drive down costs and encourage a seaweed biomass industry. GreenWave estimates that a farmer could generate around $37,000 in profit per year by producing 10 tons of kelp and 150,000 shellfish per acre.     11.5    Retailer Growing seaweed this way requires little maintenance, little feed and no fertilizers, says its designer, Bren Smith, a seaweed farmer in Connecticut.             9.1.4.2 Market Forecast The only things that go into the tubs are seaweed, seawater and sunlight. 9    Market Breakup by Region 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. 1 In China, in Sanggou Bay, a study 2 demonstrated that large-scale kelp farming … Table 3: Global: Seaweed Market Forecast: Breakup by Product (in Million Tons), 2020-2025 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.     9.4    Latin America Figure 39: Philippines: 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.         9.4.4    Chile Figure 45: Vietnam: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 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. 4    Introduction The farming of seaweed is accelerating as firms exploit its fast growth and green credentials. “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. Marquez plans to farm seaweed to make beauty products created by Antoinette and sold through their shop, Ama SeaBeauty, in downtown Santa Barbara.     12.2    Bargaining Power of Buyers         9.3.5    Others         8.3.2    Market Forecast Unlike Graham’s farm, almost all other seaweed farms operate in waters offshore. In the following paragraphs, the costs of seaweed production are estimated based on expert judgment.         7.3.1    Market Trends Figure 4: Global: Seaweed Market: Breakup by Environment (in %), 2019 The GreenWave network has 10 farmers today, and Smith says he aims to increase the membership to 25 by next year. Figure 20: Global: Seaweed (Processed Foods) Market: Consumption Volume (in Million Tons), 2014 & 2019             9.1.2.1 Market Trends         9.4.1    Brazil Figure 75: Chile: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 84: United Arab Emirates: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019         8.1.1    Market Trends     9.2    North America The vast majority is grown in Asia, which accounts for 17.1 … Estimated Annual Cost and Return of a 1/2 hectare Seaweed Farm. Figure 92: Global: Seaweed Industry: Porter’s Five Forces Analysis enhance our services. As for the cost of establishing a seaweed farm, everyone I talked to in Ireland is dubious of the figures that Smith cites. Table 2: Global: Seaweed Market Forecast: Breakup by Environment (in Million Tons), 2020 -2025 Figure 56: France: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 10: Global: Seaweed (Aquaculture) Market: Production Volume (in Million Tons), 2014 & 2019 Just 320 or Figure 86: South Africa: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 From Smith’s perspective, it’s not an option of whether or not the world should embrace and boost seaweed farming for food production. Figure 38: Philippines: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 85: United Arab Emirates: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         7.2.2    Market Forecast     12.1    Overview Figure 8: Global: Seaweed Market Forecast: Production Volume (in Million Tons) 2020-2025 Figure 25: Global: Seaweed (Hydrocolloids) Market Forecast: Consumption Volume (in Million Tons), 2020 - 2025 This has resulted in global seaweed production more than doubling between 2000 and 2014 - an increase in production of 10 to 28 million tonnes within 14 years… and this seaweed is worth a lot of money.             9.4.3.2 Market Forecast "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." They are either obtained from aquaculture or wild harvest.     7.1    Red             9.2.2.1 Market Trends The next 8 crops would cost … 10    SWOT Analysis             9.2.1.2 Market Forecast Production stages for the farming …             9.3.4.2 Market Forecast     9.1    Asia Pacific         9.3.1    France He founded nonprofit co-op GreenWave and gives away his design, which won prestigious Buckminster Fuller Institute, for free. Global Seaweed Market to Grow at 7.5% during 2020-2025, Stimulated by Rising Research and Development. Using more than a dozen of these big tubs and a couple of larger tanks, he produces between 50 and 100lbs of seaweed per week. Our team of skilled analysts focuses on understanding the requirements of our clients so as to provide insights best suited to their unique needs.     2.4    Market Estimation Seaweed farming on the west coast of the US is almost non-existent, but more than a dozen have been created on the east coast in recent years. Growing seaweed comes with potentially significant environmental impacts. They most likely come from farms in Asia.     9.3    Europe List of Tables     5    Global Seaweed Market The floating raft method.         9.1.1    China “I want to see that system come back to life,” says Marquez. Figure 47: Others: 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. Figure 22: Global: Seaweed (Direct Human Consumption) Market: Consumption Volume (in Million Tons), 2014 & 2019 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. There is consensus among consulted stakeholders that offshore production of seaweeds will be based on long-line techniques, already familiar to mussel farming. Figure 51: United States: 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. Figure 59: Italy: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         9.3.3    Spain     14.3.4     Irish Seaweeds A costs-and-returns analysis is found next page. For around $20,000 and a boat (which can greatly vary in price), farmers can get up and running and start out putting seaweed …     8.4    Fertilizers             9.4.1.2 Market Forecast 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. 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