India Seaweed Market to Grow with a CAGR of 3.66% through 2030
Expansion of seaweed-based biofertilizers and animal
feed and increasing applications in pharmaceutical and cosmetic industries is expected
to drive the India Seaweed Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Seaweed
Market - By Region, Competition, Forecast &
Opportunities, 2030”, the India Seaweed Market stood at USD 2.03 Billion in
2024 and is expected to reach USD 2.12 Billion by 2030 with a CAGR of 3.66%
during the forecast period.
The
India Seaweed Market is witnessing a surge in demand from the pharmaceutical
and cosmetic industries, driven by the growing recognition of seaweed-derived
bioactive compounds with therapeutic and skincare benefits. Seaweed contains
polysaccharides, antioxidants, vitamins, and minerals that possess
anti-inflammatory, antimicrobial, and anti-aging properties, making it a
valuable ingredient in nutraceuticals, medicines, and skincare formulations. In the pharmaceutical sector, seaweed is being used for the development of
wound healing agents, anticoagulants, and drug delivery systems. The rising
prevalence of chronic diseases such as diabetes, cardiovascular disorders, and
digestive issues has increased demand for marine-derived nutraceuticals,
including seaweed-based dietary supplements for immune support, gut health, and
metabolism regulation. Simultaneously, the cosmetic and personal care industry is incorporating
seaweed extracts into skincare and haircare products due to their hydrating,
detoxifying, and anti-aging benefits. The shift toward organic and clean-label
beauty products has propelled interest in seaweed-infused face masks, serums,
anti-wrinkle creams, and hair conditioners. The presence of natural marine
collagen in seaweed makes it a sought-after ingredient for skin-rejuvenation
and anti-pigmentation formulations. With global cosmetic brands and Indian startups actively formulating
seaweed-based beauty and wellness products, the demand for seaweed in
pharmaceutical and cosmetic applications is set to rise further. Investments in
R&D and advanced extraction technologies are also enhancing the efficacy of
seaweed-based bioactive ingredients, making them more desirable across various
product categories.
With
the escalating challenges of climate change, greenhouse gas emissions, and
ocean acidification, seaweed cultivation is gaining attention as a natural
solution for carbon sequestration and marine ecosystem restoration. Seaweed
absorbs large amounts of CO₂ from
the atmosphere, acting as a carbon sink and helping reduce ocean acidification,
which is a critical issue affecting India’s coastal biodiversity and fisheries
industry. Scientists and policymakers are increasingly advocating for seaweed farming as
a scalable nature-based climate solution, as it requires no freshwater,
fertilizers, or pesticides, making it a low-impact and highly sustainable
marine activity. The Indian government has included seaweed farming as part of
its Blue Economy Vision, aiming to promote carbon-neutral aquaculture practices
while simultaneously supporting coastal livelihoods. Private-sector investments in carbon credit initiatives are also creating
opportunities for seaweed-based climate projects, allowing businesses to offset
emissions by funding large-scale seaweed farms. Additionally, seaweed’s ability
to restore marine ecosystems, prevent coastal erosion, and enhance biodiversity
is driving support from environmental organizations and sustainability-focused
investors. The integration of seaweed farming into carbon offset programs, eco-tourism,
and sustainable fisheries management is expected to further boost its economic
viability.
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The India Seaweed Market is segmented into type, method
of cultivation, application, form, regional distribution, and company.
Based on the type, brown seaweed is the fastest-growing segment in the India Seaweed Market. Brown seaweed, including varieties such as Sargassum, Laminaria, and Turbinaria, has seen a surge in demand across multiple industries due to its diverse applications and high nutritional value. One of the key factors driving its rapid growth is the increasing use of brown seaweed in the food industry. With its rich composition of alginates, fucoidans, and iodine, brown seaweed is highly valued as a raw material for food additives, such as thickeners, stabilizers, and emulsifiers. It is particularly important in the production of dairy products, beverages, and confectionery, which continues to expand in India’s growing food processing sector. Additionally, brown seaweed plays a crucial role in agriculture, where it is used in organic fertilizers and as a supplement in animal feed. The ability of brown seaweed to improve soil health and enhance livestock nutrition has contributed to its increased demand in both organic farming and the agriculture sector overall. As more farmers and agricultural companies adopt sustainable practices, brown seaweed's role as a biofertilizer is expected to expand rapidly. The rising popularity of seaweed-based functional foods and nutraceuticals, driven by consumers’ growing interest in health and wellness, is another major driver of brown seaweed’s growth. Known for its anti-inflammatory, antioxidant, and immune-boosting properties, brown seaweed has become an essential ingredient in dietary supplements and functional foods, further boosting its market share. Furthermore, the Indian government’s support for seaweed farming and its focus on sustainable aquaculture practices have created an environment conducive to brown seaweed cultivation. With favorable policies in place and growing awareness of its environmental benefits, the expansion of seaweed farming is anticipated to continue driving the market for brown seaweed in India. Given its wide-ranging applications, increasing demand in key industries, and government backing, brown seaweed is poised to be the fastest-growing segment in the India Seaweed Market in 2024 and beyond.
Based on region, West
India was the second most dominating region in the India Seaweed Market, driven
by expanding seaweed farming initiatives, favorable coastal conditions, and
increasing investments in seaweed processing industries. Gujarat, in particular,
has emerged as a key player in the country’s seaweed production, supported by
both government schemes and private sector participation. One of the major
reasons for West India's growing dominance is Gujarat’s long coastline along
the Arabian Sea, which provides an ideal environment for cultivating
commercially valuable seaweed species. The state’s shallow coastal waters, high
salinity levels, and stable temperature conditions make it well-suited for
large-scale red and brown seaweed farming, particularly Gracilaria and
Sargassum species, which are widely used in food, pharmaceuticals, and
biofertilizers. Additionally,
the Gujarat government has been actively promoting seaweed cultivation through
subsidies, training programs, and research collaborations with marine
institutes. Several pilot projects and community-driven farming initiatives
have contributed to the expansion of seaweed production in the region, boosting
both domestic supply and export potential. With
increasing industrial demand, expanding research and development activities,
and favorable government policies, West India is rapidly strengthening its
position in the India Seaweed Market. While South India continues to lead, West
India is emerging as a strong contender, driving further growth and innovation
in seaweed farming and processing across the country.
Major companies operating in India Seaweed Market are:
- Aquagri Processing Private Limited
- Sea6 Energy Pvt. Ltd
- Tata Chemicals Limited
- Coromandel International Limited
- Mars, Incorporated
- HiMedia Laboratories Private Limited
- SNAP Natural & Alginates Products Pvt Ltd
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“The global transition toward renewable energy sources
has heightened interest in seaweed-based biofuels, positioning seaweed as a
promising feedstock for bioethanol and biodiesel production in India. Given the
country’s commitment to reducing fossil fuel dependency and achieving net-zero
emissions, alternative bioenergy solutions derived from marine biomass are
gaining traction. Seaweed offers distinct advantages over conventional biofuel
feedstocks such as sugarcane, corn, and palm oil, as it does not compete with
food crops for arable land and requires minimal freshwater or fertilizers for
cultivation. Several Indian research institutions and bioenergy startups are
exploring efficient seaweed fermentation and enzymatic conversion technologies
to enhance biofuel yield and scalability. Moreover, collaborations between
energy companies and marine biotech firms are facilitating the
commercialization of algae-based biodiesel production, further driving
investments in seaweed cultivation. Government support in the form of renewable energy
subsidies, tax incentives, and R&D funding is also accelerating innovation
in this space. The National Bio-Energy Mission is encouraging alternative
energy solutions, and seaweed-based biofuels are expected to play a key role in
India’s sustainable energy transition. With ongoing advancements in
bioconversion technologies and commercialization of algae-based energy
solutions, the integration of seaweed-derived biofuels into India’s renewable
energy mix is set to drive significant growth in the India Seaweed Market,
while simultaneously addressing energy security and climate change challenges.,”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“India Seaweed
Market By Type (Brown, Red, Green), By Method of Cultivation (Single Rope
Floating Raft Method, Fixed Bottom Long Thread Method, Integrated Multi-Trophic
Aquaculture), By Form (Liquid, Dry), By Application (Human Consumption,
Non-Human Consumption), By Region, Competition, Forecast & Opportunities,
2020-2030F”, has evaluated the
future growth potential of India Seaweed Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Seaweed Market.
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