Seaweed protein market $1.51 billion by 2030

Allied Market Research said in a press release that its seaweed protein market forecast calls for global revenue to rise to $1.51 billion by 2030 from $550.4 million in 2021. The firm said the projection implies an 11.6% compound annual growth rate from 2022 to 2030. The release was republished on May 15 by OpenPR, which cited the same figures and target year. The forecast is based on a syndicated market-research report rather than company filings, government statistics or exchange-traded market data. Allied Market Research identified seaweed protein as a category used across food, animal feed and additives, cosmetics and personal care, and other applications. The report page lists 2021 as the base year and 2030 as the projection year. (alliedmarketresearch.com) ### Where does the $1.51 billion figure come from? Allied Market Research traced the forecast to a report titled “Seaweed Protein Market” and said the market was valued at $550.40 million in 2021. The same release said revenue is estimated to reach $1.51 billion by 2030. The firm also described the growth rate as 11.6% over the 2022-2030 period. (alliedmarketresearch.com) OpenPR’s May 15 posting did not appear to add new data beyond the underlying market-research release. The figures in the OpenPR item match numbers previously distributed through Allied Market Research’s own press materials and third-party wire services. That makes the May 15 item a fresh republication of an existing forecast, rather than a newly disclosed market estimate. (alliedmarketresearch.com) ### What is counted inside “seaweed protein”? Allied Market Research said the market is segmented by source into red, brown and green seaweed. The report page also breaks applications into food, animal feed and additives, cosmetics and personal care, and other uses. The press release said seaweed protein contains amino acids including proline, glycine, alanine, glutamic, arginine and aspartic acids. (alliedmarketresearch.com) Allied Market Research said red seaweeds have high protein content, green seaweeds moderate protein content and brown seaweeds lower protein content, according to the release. (alliedmarketresearch.com) ### Which segments does the report say are leading? Allied Market Research said the red segment dominated the global seaweed protein market in 2021 and is expected to keep that position through the forecast period. The firm also said the food segment is expected to post the highest growth. Asia-Pacific generated the highest revenue in 2021, according to the report page. (alliedmarketresearch.com) Allied Market Research said the region is projected to retain a dominant market share by 2030. ### What drivers and constraints did the publisher cite? Vitika Verma, identified in the release as manager for food and beverages at Allied Market Research, said increasing prevalence of plant-based protein in the food industry would drive growth. (alliedmarketresearch.com) The press release also cited rising health awareness, demand for nutritious food and wider use in dietary supplements and medicinal applications. The same release said higher seaweed farming costs than land farming could restrain expansion. Allied Market Research also said excessive consumption of seaweed can create health risks because of toxic minerals, which it listed as another constraint on demand. ### What should readers watch next? The 2030 target remains the next named milestone in the forecast, with Allied Market Research projecting $1.51 billion in market value by that year. (alliedmarketresearch.com) Readers looking for the underlying methodology, segment definitions and regional breakdowns would need the firm’s “Seaweed Protein Market” report, listed under report code A16894.