Edible Algae Market

Edible seaweed, or sea vegetables, are seaweeds that can be eaten and used for culinary purposes. They typically contain high amounts of fiber. They may belong to one of several groups of multicellular algae: red algae, green algae, and brown algae. Seaweeds are also harvested or cultivated for the extraction of polysaccharides such as alginate, agar, and carrageenan, gelatinous substances collectively known as hydrocolloids or hydrocolloids. 

Hydrocolloids have attained commercial significance, especially in food production as food additives. The food industry exploits the gelling, water-retention, emulsifying, and other physical properties of these hydrocolloids.

The specialty edible algae segment is projected to account for a majority of the market due to the high demand for health-promoting properties in food items. Conversely, the general edible algae segment is expected to grow at a more modest rate owing to the rising popularity of this product among consumers across geographies.

The edible algae market is expected to grow from $XX billion in 2019 to $XX billion by 2031 at a CAGR of **%. The major drivers for the growth of this market are increasing awareness about the health benefits of algae and its use as a food supplement, increasing demand for sustainable seafood products, and the development of new applications for algae.

Algenist Inc. is one of the largest producers and marketers of edible algae products in the world. It offers a range of ready-to-eat products such as flakes, powder, barters, soups, teas, and tablets, among others. Blue Ocean Nutritional Supplements LLC specializes in manufacturing functional foods such as supplements based on marine microorganisms like Spirulina platensis.

Some leading players in the edible algae market are Acadian Sea Plants Ltd., North American Kelp, Ocean Organics Corp., Vitamin Sea Seaweed Co., Mendocino Sea Vegetable Company, Dulse & Rugosa, and Irish Seaweeds.