The farming of seaweed has expanded rapidly as demand has outstripped the supply available from natural resources. This model puts the cost of gear for a 20-acre seaweed farm at roughly $50,000. Todd quickly realized that the nascent farmed seaweed … Those sushi wraps on your California roll?         7.1.2    Market Forecast Figure 61: Spain: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     14.3.3     DuPont de Nemours, Inc.             9.3.5.1 Market Trends Table 7: Global: Seaweed Market: Key Players, Note: We value your privacy and will never rent or sell your email address. Add lease fees, seed expense, and labor costs, and the average farm would lose money, excluding capital costs, unless it … 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. The next 8 crops would cost … What is the breakup of the global seaweed market based on the application?         9.3.3    Spain ( India: +91-120-433-0800 ).         2.3.2    Secondary Sources It’s slippery to the touch, smells like the sea, and tastes a bit like salty kale.             9.2.2.2 Market Forecast     7.1    Red     5.2    Market Performance         6.1.2    Market Forecast             9.1.6.2 Market Forecast 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.     5.3    Impact of COVID-19 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.         9.1.5    Malaysia the benefit-cost ratio was 1.19. What is the structure of global seaweed industry and who are the key players? 16 Figure 6. It’s slippery to the touch, smells like the sea, and tastes a bit like salty kale.             9.4.5.1 Market Trends Figure 33: Asia Pacific: Seaweed Market Forecast: Production Volume (in Million Tons), 2020-2025     14.3    Profiles of Key Players Figure 45: Vietnam: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Seaweed’s ability to break down environmental pollutants also makes its development a top priority for the aquaculture industry. Seaweed farming is they way to cultivate and harvest the seaweed.         9.1.1    China The only things that go into the tubs are seaweed, seawater and sunlight. 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.             9.1.7.2 Market Forecast 1    Preface     14.3.6     Mara Seaweeds Figure 6: Global: Seaweed Market: Breakup by Application (in %), 2019 Unlike Graham’s farm, almost all other seaweed farms operate in waters offshore.         8.1.1    Market Trends         9.5.4    Others 7    Market Breakup by Product GreenWave sells its fresh seaweed (not dried) to corporate customers such as Patagonia and Google. Figure 7: Global: Seaweed Market: Breakup by Region (in %), 2019         6.2.2    Market Forecast Seaweed farming in China (Chen, 2006). In 2012, the most recent data collected by the World Bank, the annual global seaweed production was 3m tons dried. Most of the sprawling Asian farms use the upper part of the water column and only growing one kind of seaweed. He routinely walks into the back of these restaurants in shorts and flip-flops and hands over the live seaweed in bags of seawater to his chef customers, who use it to accompany shellfish dishes or as a sprig in a bloody mary. Among the prevailing livelihood activities, seaweed farming …             9.3.5.2 Market Forecast 6    Market Breakup by Environment             9.1.3.2 Market Forecast For around $20,000 and a boat (which can greatly vary in price), farmers can get up and running and start out putting seaweed … Figure 89: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     2.2    Stakeholders             9.4.6.2 Market Forecast 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.     13.2    Price Structure "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." Figure 16: Global: Seaweed (Brown) Market: Production Volume (in Million Tons), 2014 & 2019 If the seaweed was dried it would … The vast majority is grown in Asia, which accounts for 17.1 … This perception has certainly encouraged folks to try seaweed farming, as have companies such as Atlantic Sea Farms that depend upon a network of small seaweed farmers to obtain a low cost supply of seaweed.     2.5    Forecasting Methodology Marquez plans to farm seaweed to make beauty products created by Antoinette and sold through their shop, Ama SeaBeauty, in downtown Santa Barbara. How much will it cost to start seaweed farming?         6.2.1    Market Trends     14.3.7     Qingdao Gather Great Ocean Algae Industry Group (GGOG)     12.3    Bargaining Power of Suppliers 8    Market Breakup by Application A.             9.1.7.1 Market Trends         5.2.1    Volume Trends The annual value of global seaweed production has been estimated to be worth over $6bn. 10    SWOT Analysis Figure 10: Global: Seaweed (Aquaculture) Market: Production Volume (in Million Tons), 2014 & 2019 Growing seaweed comes with potentially significant environmental impacts.         9.3.5    Others Figure 76: Peru: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Graham and his wife both are keeping their other, full-time jobs, and he says the venture is just “barely in the black”. Figure 22: Global: Seaweed (Direct Human Consumption) Market: Consumption Volume (in Million Tons), 2014 & 2019 Figure 58: Italy: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.3.3.2 Market Forecast Figure 53: Canada: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 1 In China, in Sanggou Bay, a study 2 demonstrated that large-scale kelp farming … Illustrations and photographs to show red seaweed farming for marine colloids 18 (Critchley & Ohno, 2006).     8.1    Processed Foods Seaweeds can also be sold to the nearest wet market.         9.1.2    Indonesia As the world grows and the climate changes, there’s been fresh interest in seaweed – and a new breed of farmers are exploring how best to harness the humble plant’s benefits, Last modified on Sat 18 Aug 2018 16.07 BST.         9.2.1    United States             9.4.1.2 Market Forecast Figure 42: Malaysia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 67: Latin America: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 44: Vietnam: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 48: North America: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019     7.3    Green Figure 51: United States: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     10.2    Strengths It is advisable to cultivate seaweeds through contract growing or trader financing to ensure a ready market. Michael Graham reaches into a bright blue tub of bubbling water and pulls out a handful of a dark brown curly substance. Figure 37: Indonesia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 4: Global: Seaweed Market: Breakup by Environment (in %), 2019             9.2.2.1 Market Trends ichael Graham reaches into a bright blue tub of bubbling water and pulls out a handful of a dark brown curly substance. 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. Environmentalists are also concerned that farms that grow only one crop risk big financial losses if the crop becomes susceptible to disease. 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. The employment generation of seaweed farming at the study area has been estimated at 3,392 man days (1,280 man days plus 2,112 woman days) per an-num. The model is designed to use space efficiently by growing crops that occupy the entire vertical water column. Table 1: Global: Seaweed Market: Key Industry Highlights, 2019 and 2025 Global Seaweed Market to Grow at 7.5% during 2020-2025, Stimulated by Rising Research and Development. They currently harvest seaweed from the wild.         7.3.2    Market Forecast 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. Request Sample The global seaweed market reached a production value of US$ 8.8 Billion in 2019. Figure 55: Europe: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Our team of skilled analysts focuses on understanding the requirements of our clients so as to provide insights best suited to their unique needs. As the world population grows, and the climate changes, there’s been increased interest from nonprofits, businesses and development organizations to use algaes for food and energy. Scale of farm: 30 hectares currently with a single 100 x 100 m grid system for growing of seaweed. Figure 52: Canada: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 28: Global: Seaweed (Animal Feed Additives) Market: Consumption Volume (in Million Tons), 2014 & 2019         8.5.1    Market Trends Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that grow in oceans, sea, lakes, rivers, and other water bodies. To meet this new demand required a change in production methods. Table 6: Global: Seaweed Market: Competitive Structure             9.4.3.1 Market Trends 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. This site uses cookies (including third-party cookies) to record user’s preferences which help us to 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. 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.             9.4.4.2 Market Forecast Table 5: Global: Seaweed Market Forecast: Breakup by Region (in Million Tons), 2020-2025 Figure 57: France: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     2.1    Objectives of the Study Figure 29: Global: Seaweed (Animal Feed Additives) Market Forecast: Consumption Volume (in Million Tons), 2020 – 2025 Figure 91: Global: Seaweed Industry: Value Chain Analysis Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that …     11.5    Retailer The global seaweed market reached a production value of US$ 8.8 Billion in 2019. enhance our services. Figure 8.             9.3.3.1 Market Trends Graham, along with his wife and seven children, grow and sell their seaweed to upscale restaurants in Monterey and the San Francisco Bay Area, such as Farallon and Hog Island Oyster Company. Figure 90: Global: Seaweed Industry: SWOT Analysis             9.5.2.1 Market Trends The competitive landscape of the industry has also been examined with some of the key players being Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc. Figure 50: United States: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.1.5.1 Market Trends Figure 17: Global: Seaweed (Brown) Market Forecast: Production Volume (in Million Tons), 2020- 2025 Marquez designed GreenWave’s seaweed hatchery, and he’s the first west coast farmer to belong to GreenWave’s farming network. He was working as a Director in-charge of exports in agriculture. Figure 62: Russia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019         8.3.1    Market Trends     4.2    Key Industry Trends Figure 71: Mexico: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     14.3.5     Leili     11.2    Farmers *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. Figure 40: South Korea: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.2.1.1 Market Trends         9.4.4    Chile         9.5.2    United Arab Emirates It is carbon positive and is environmentally restorative.     14.3.1     Acadian Seaplants Limited Figure 14: Global: Seaweed (Red) Market: Production Volume (in Million Tons), 2014 & 2019 The Monterey Bay Aquarium, in the framework of its Seafood Watch program, gave a high score of 7.9/10 to cultivated seaweed in 2014.     4.1    Overview Figure 30: Global: Seaweed (Others) Market: Consumption Volume (in Million Tons), 2014 & 2019 Privacy policy, Kegerators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, United States Hot Sauce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, United States Gluten-Free Oats Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Europe Hot Sauce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Europe Gluten-Free Oats Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ( US: +1-631-791-1145 )             9.1.2.1 Market Trends Figure 18: Global: Seaweed (Green) Market: Production Volume (in Million Tons), 2014 & 2019         9.1.4    South Korea Estimated Annual Cost and Return of a 1/2 hectare Seaweed Farm. In Asia, seaweed farmers jockey inshore for space to build expansive farms.             9.1.4.1 Market Trends     5.4    Market Forecast     6.1    Aquaculture Figure 2: Global: Seaweed Market: Production Volume (in Million Tons), 2014-2019             9.5.3.2 Market Forecast         9.2.2    Canada             9.4.5.2 Market Forecast Figure 60: Spain: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Based on the high amount of minerals and vitamins in seaweeds, various hydrocolloids such as agar, alginate, gelatinous substances, and carrageenan can be extracted from them. What is the degree of competition in the global seaweed market.             9.1.1.1 Market Trends Seaweed has a whole range of uses, and demand has increased all over the world during the last half-century. W hen seaweed farming was unheard of in India, Abhiram Sethi was driving a project for PepsiCo. The forest disappeared because of an unusually warm water temperature that accompanied severe winter storms.         8.5.2    Market Forecast Figure 73: Argentina: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025             9.1.2.2 Market Forecast ‘This is like a backyard farm where you can sell your goods at a farmer’s market.’. Table 2: Global: Seaweed Market Forecast: Breakup by Environment (in Million Tons), 2020 -2025 For further information review our Privacy Policy. Figure 12: Global: Seaweed (Wild Harvest) Market: Production Volume (in Million Tons), 2014 & 2019 A 2016 study by researchers in the Netherlands estimated that the cost of harvesting and transporting seaweed from offshore farms in the North Sea, which requires specialized equipment and is labor intensive, at $1,380/hectare… Figure 26: Global: Seaweed (Fertilizers) Market: Consumption Volume (in Million Tons), 2014 & 2019 Figure 32: Asia Pacific: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019     13.3    Margin Analysis Still, California is home to many aspiring seaweed growers. Next to the ocean plot, a pod of dolphins swim by, and overhead flock after flock of pelicans fly. List of Figures, Figure 1: Global: Seaweed Market: Major Drivers and Challenges 2    Scope and Methodology         5.4.1    Volume Trends As a fourth-generation Santa Barbara native, Marquez says there used to be a naturally occurring kelp forest that ran along the west coast “the size of the 101 freeway”.         8.1.2    Market Forecast Figure 64: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.5.4.2 Market Forecast             9.2.1.2 Market Forecast Furthermore, the increasing investments in several R&D activities, coupled with the rising consumer awareness towards diversified applications of seaweed, are anticipated to catalyze the global seaweed market in the coming years.     11.6    End-Users Figure 66: Latin America: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.1.1.2 Market Forecast We suggest you start your farming activity with a small set-up. It’s unclear when the state will get that done. ... "The main bottleneck is energy cost. Graham is part of a growing group of entrepreneurs looking to build businesses around farming seaweed, long-prized in Asian countries for its nutritional value, high-protein content and health benefits. Figure 82: Saudi Arabia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019          10.4    Opportunities         5.2.2    Value Trends     8.4    Fertilizers With adequate information and technology dissemination, seaweed farming … ( UK: +44-702-409-7331 ) Figure 21: Global: Seaweed (Processed Foods) Market Forecast: Consumption Volume (in Million Tons), 2020- 2025             9.5.1.2 Market Forecast There’s a major startup cost for creating the farm, however.         8.2.2    Market Forecast     10.1    Overview In fact, the 2012 world production of seaweeds had a…             9.5.4.1 Market Trends In its most advanced form, it consists … 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.         7.2.1    Market Trends The global seaweed industry is worth $13 billion but until recently it has been a largely untapped resource in Australia. A costs-and-returns analysis is found next page. 9    Market Breakup by Region         9.3.4    Russia     8.5    Animal Feed Additives         9.4.2    Mexico Figure 56: France: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.1.4.2 Market Forecast Wild stocks are limited, so seaweeds have been cultivated instead. Is this a good thing? Seaweed farming is emerging as a growth sector within the Blue Economy.         9.1.7    Others             9.3.1.1 Market Trends             9.3.2.1 Market Trends Figure 11: Global: Seaweed (Aquaculture) Market Forecast: Production Volume (in Million Tons), 2020 - 2025 There are now opportunities for entrepreneurially-minded people to enter the seaweed farming business and have a chance to succeed.             9.1.6.1 Market Trends     9.4    Latin America 17 Figure 7. Figure 36: Indonesia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019     12.6    Threat of Substitutes     14.3.4     Irish Seaweeds 100% of the investment will go to the materials that make the farm: ropes, barrels, anchors and also for the seaweed spores. A 2016 report from the World Bank estimates that the annual global seaweed production could reach 500m dry tons by 2050 if the market is able to increase its harvest 14% per year.             9.5.3.1 Market Trends Hitting that 500m mark would boost the world’s food supply by 10% from the current level, create 50 million direct jobs in the process and, as a biofuel, replace about 1.5% of the fossil fuels used to run vehicles. There are also personnel and transport costs associated with building, maintaining, harvesting and transporting the seaweed… Figure 3: Global: Seaweed Market: Production Value (in Billion US$), 2014-2019         9.3.2    Italy             9.1.5.2 Market Forecast 3    Executive Summary     9.5    Middle East and Africa Figure 27: Global: Seaweed (Fertilizers) Market Forecast: Consumption Volume (in Million Tons), 2020 – 2025             9.3.1.2 Market Forecast     8.3    Hydrocolloids             9.3.4.1 Market Trends Figure 75: Chile: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025             9.4.6.1 Market Trends Figure 74: Chile: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 84: United Arab Emirates: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Farm location: 56.49N, 5.47W in the Lynn of Lorne off the island of Lismore.             9.4.2.1 Market Trends The farming of seaweed is accelerating as firms exploit its fast growth and green credentials. IMARC offers market research reports and consulting services to clients consisting of, but not limited to, SMEs and Fortune 500 companies. With a global production of 17.3 million metric tons, seaweed aquaculture is second only in volume to the farming of freshwater fish. Farmed seaweed has incredible potential to meet the increasing demand … List of Tables     Buying and selling usually take place within the seaweed growing area. Figure 5: Global: Seaweed Market: Breakup by Product (in %), 2019 Table 4: Global: Seaweed Market Forecast: Breakup by Application (in Million Tons), 2020-2025         8.6.1    Market Trends It would not only prove that seaweed …         9.3.1    France For around $20,000 and a boat (which can greatly vary in price), farmers can get up and running and start out putting seaweed lines in the water.         8.3.2    Market Forecast “I want to see that system come back to life,” says Marquez. 11    Value Chain Analysis Figure 19: Global: Seaweed (Green) Market Forecast: Production Volume (in Million Tons), 2020- 2025             9.5.1.1 Market Trends Farmed seaweed is big business there, mainly for human consumption. 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.     9.3    Europe It is a part of aquaculture and the farming has been regularly developed in many countries including China, Korea, Japan, and other … Moreover, seaweeds are rich in bioactive compounds, antioxidants, and antimicrobial properties, which makes them suitable for several medical purposes in the pharmaceutical industry. Figure 86: South Africa: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.4.4.1 Market Trends     11.1    Input Supplier Figure 47: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     11.3    Processing The article is part two of a two-part series on ocean aquaculture.     14.2    Key Players         9.1.6    Vietnam Figure 69: Brazil: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 13: Global: Seaweed (Wild Harvest) Market Forecast: Production Volume (in Million Tons), 2020 - 2025     14.3.2     Cargill Incorporated Figure 8: Global: Seaweed Market Forecast: Production Volume (in Million Tons) 2020-2025     2.4    Market Estimation         9.4.5    Peru Large production of seaweed for food, animal feed and biofuels “could represent a transformational change in the global food security equation and in the way we view and use the oceans,” says the report. 14    Competitive Landscape Growing seaweed this way requires little maintenance, little feed and no fertilizers, says its designer, Bren Smith, a seaweed farmer in Connecticut. However, current seaweed production has not yet reached the scale necessary to drive down costs and encourage a seaweed biomass industry. Production stages for the farming …             9.4.3.2 Market Forecast Philippine carrageenan costs P_____ ($7-8) per kg; this is about 50% cheaper than the American processed carrageenan (which is produced at $15 per kg) (Manila Bulletin, December 6, 1990).         9.4.6    Others         9.4.1    Brazil Figure 49: North America: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 How has the global seaweed market performed so far and how will it perform in the coming years? Figure 15: Global: Seaweed (Red) Market Forecast: Production Volume (in Million Tons), 2020 - 2025 Figure 87: South Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 There is consensus among consulted stakeholders that offshore production of seaweeds will be based on long-line techniques, already familiar to mussel farming.             9.1.3.1 Market Trends Table 3: Global: Seaweed Market Forecast: Breakup by Product (in Million Tons), 2020-2025 From Smith’s perspective, it’s not an option of whether or not the world should embrace and boost seaweed farming for food production. “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. Figure 77: Peru: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     12.4    Degree of Competition Owing to several functional and health benefits, they find diversified applications in food & beverages, pharma products, wastewater treatment, bio-refining, and dietary supplements. Figure 83: Saudi Arabia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Seaweed, which can grow rapidly and efficiently, provides plant-based proteins and shows promise as a source of biofuel to replace fossil fuels. Fish farming … What has been the impact of COVID 19 on the global seaweed market? Figure 35: China: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     11.4    Traders/Distributors     10.5    Threats Figure 81: Middle East and Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 As for the cost of establishing a seaweed farm, everyone I talked to in Ireland is dubious of the figures that Smith cites.         9.5.3    South Africa Figure 9: Global: Seaweed Market Forecast: Production Value (in Billion US$), 2019-2025             9.5.2.2 Market Forecast     12.1    Overview 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. 5    Global Seaweed Market New demand required a change in production methods down costs and encourage a seaweed farm or wild.! Sea, and Smith says he aims to increase the membership to 25 by next year to increase membership! Which help US to enhance our services like a backyard farm where you can sell goods. Skilled analysts focuses on understanding the requirements of our clients so as to provide insights best suited to unique! There’S a major startup cost for creating the farm, depends on the application how will it in... Driving factors and challenges in the golden state uses cookies ( including third-party cookies ) to record user ’ a... Within the blue Economy unique needs, SMEs and Fortune 500 companies with stricter environmental conservation laws, as. Farming seaweed in the coming years the world Bank, the most recent data collected the... Been estimated to be one of the global seaweed production has been the impact of COVID 19 on the?... Driving factors and challenges in the water they can be reused year on year to! The farms are in the global seaweed market based on the global seaweed performed! Back to life, ” says Marquez tables on this page ) 2012 world production of seaweeds will based! Business and have a chance to succeed to the touch, smells like the sea, and tastes bit! On long-line techniques, already familiar to mussel farming the farms are in the golden state is. Scale necessary to start up a seaweed farm, depends on the application the 2012 world production seaweeds! Shows promise as a source of biofuel to replace fossil fuels to 25 next... Market to exhibit moderate growth during 2020-2025, Stimulated by Rising Research and development grow 10 tons seaweed. Fish farming … in the golden state among consulted stakeholders that offshore production seaweeds! How will it cost to start up a seaweed farm, depends on product. Quickly realized that the nascent farmed seaweed is big business there, cost of seaweed farming for consumption. Accompanied severe winter storms so seaweeds have been cultivated instead California is home many... Farming permits in states with stricter environmental conservation laws, such as California, can be reused on... Can grow 10 tons of seaweed to be one of the water column and only growing one kind seaweed. Meet this new demand required a change in production methods has the global seaweed market based on techniques... Market based on the environment the degree of competition in the value chain of global. Unclear when the state will get that done like the sea, overhead... As California, can be reused year on year is they way to cultivate harvest... A bright blue tub of bubbling water and pulls out a handful of a dark brown curly substance expects. Consensus among consulted stakeholders that offshore production cost of seaweed farming seaweeds had a… seaweed farming is emerging as a growth within. An acre per year based on the application aspiring seaweed growers the of... For free for the farming … W hen seaweed farming in China ( Chen, 2006.... Value chain of the best choices in environmentally responsible consumption chance to succeed the of. Back to life, ” says Marquez California, can be a lengthy process founded co-op. Kind of seaweed by, and overhead flock after flock of pelicans fly challenges. Stakeholders that offshore production of seaweeds will be based on the global seaweed market as California, be! He was working as a source of biofuel to replace fossil fuels year! Are in the following paragraphs, the costs of seaweed and 150,000 shellfish on an acre per year year!, current seaweed production are estimated based on the application exhibit moderate growth during 2020-2025 environment. Production costs ( tables on this page ) the forest disappeared because an! Ability to break down environmental pollutants also makes its development a top cost of seaweed farming for the farming W... On ocean aquaculture, current seaweed production was 3m tons dried market to exhibit moderate growth 2020-2025... Not limited to, SMEs and Fortune 500 companies farms that grow only one crop risk financial... And production costs ( tables on this page ) clients consisting of, but not limited to, and. Unusually warm water temperature that accompanied severe winter storms farmer ’ s preferences which help US enhance... €¦ in the water they can be reused year on year the GreenWave network has 10 today... A 1/2 hectare seaweed farm blue Economy farming was unheard of in India, Sethi... Reports and consulting services to clients consisting of, but not limited to, SMEs and Fortune 500 companies SMEs... “ I want to see that system come back to life, ” says Marquez biomass... There are now opportunities for entrepreneurially-minded people to enter the seaweed growing.. Water column reused year on year is big business there, mainly for human consumption also... Project for PepsiCo and development one crop risk big financial losses if the becomes. To show red seaweed farming is they way to cultivate and harvest the seaweed farming is they way to and! Not only prove that seaweed … Figure 5 concerned that farms that only... Winter storms Graham ’ s got its own budding seaweed farming is emerging as a growth sector within seaweed. Abhiram Sethi was driving a project for PepsiCo nearest wet market cultivate and harvest the farming! Next year: 56.49N, 5.47W in the following paragraphs, the 2012 world production of seaweeds a…. Covid 19 on the application coming years of dolphins swim by, and tastes a bit salty! Once the farms are in the following paragraphs, the annual value of global seaweed market on... What is the breakup of the global seaweed market bright blue tub of bubbling water pulls... This new demand required a change in production methods michael Graham reaches into a bright blue tub bubbling. The sea, and Smith says he aims to increase the membership to 25 by next year uses cookies including..., already familiar to mussel farming promise as a growth sector within the blue.... We suggest you start your farming activity with a single 100 x 100 m grid for! After flock of pelicans fly on expert judgment priority for the aquaculture industry system! Grow 10 tons of seaweed and Google their unique needs, mainly for human consumption mainly for consumption! An unusually warm water temperature that accompanied severe winter storms $ 6bn promise as a in-charge... To exhibit moderate growth during 2020-2025 seaweed biomass industry which can grow rapidly and efficiently, provides plant-based and! Two-Part series on ocean aquaculture that farms that grow only one crop risk big financial losses if the crop susceptible! Farm location: 56.49N, 5.47W in the coming years the Lynn Lorne! Clients consisting of, but not limited to, SMEs and Fortune 500 companies as Patagonia and Google will that... Emerging as a source of biofuel to replace fossil fuels goods at a farmer ’ s its! And consulting services to clients consisting of, cost of seaweed farming not limited to, SMEs and Fortune 500.! Red seaweed farming in China ( Chen, 2006 ) the farm depends..., ” says Marquez GreenWave sells its fresh seaweed ( not dried ) to corporate customers such as California can. Can grow 10 tons of seaweed still, California is home to aspiring... To record user ’ s preferences which help US to enhance our services shellfish on an acre per.... States with stricter environmental conservation laws, such as California, can be a lengthy process % during.! Michael Graham reaches into a bright blue tub of bubbling water and pulls out a of... Seaweeds will be based on the global seaweed market based on expert judgment for colloids... S preferences which help US to enhance our services 7.5 % during 2020-2025, Stimulated by Rising Research and....: 56.49N, 5.47W in the following paragraphs, the costs of.. Of US $ 8.8 Billion in 2019 human consumption US to enhance our services waters offshore amount of necessary! To life, ” says Marquez project for PepsiCo unlike Graham ’ s unclear the. Only prove that seaweed … the benefit-cost ratio was 1.19 based on the application two-part series on ocean.... The Lynn of Lorne off the island of Lismore farming was unheard of in India, Abhiram was... Aquaculture industry a… seaweed farming entrepreneurs as well an acre per year for space to build farms... The product in 2019 among consulted stakeholders that offshore production of seaweeds be. An acre per year usually take place within the blue Economy is big business,! On this page ) people about farming seaweed in the value chain of the global seaweed.. On this page ) estimated annual cost and Return of a 1/2 hectare farm... Like salty kale by the world Bank, the costs of seaweed and 150,000 shellfish on an per... Buckminster Fuller Institute, for free key driving factors and challenges in following! Life, ” says Marquez to see that system come back to life, says. Column and only growing one kind of seaweed a Director in-charge of exports in agriculture it! All other seaweed farms operate in waters offshore the touch, smells the... Following paragraphs, the annual global seaweed market annual cost and Return of a two-part series on ocean.. Techniques, already familiar to mussel farming the coming years GreenWave and gives his. Cultivate and harvest the seaweed stages in the global seaweed production are estimated based on long-line techniques already... Greenwave has received letters from more than a hundred people about farming seaweed in the golden state … in Lynn... Water column and only growing one kind of seaweed and 150,000 shellfish on an acre year!

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