Get In Touch

Sea Vegetables Hold Promising Potentials in Treatment of Coronavirus

Seaweed extracts are being investigated for antiviral properties against coronavirus. Sea vegetables have made it to the news for being effective against COVID-19 and even more efficacious than remdesivir, which is considered as one of the most effective pharmaceutical therapies. Since fighting the novel infection is not as simple as having seaweed such as dulse in smoothies, scientists are increasing research to turn seaweed extracts into useful anti-viral therapies. Such trends are creating revenue opportunities for stakeholders in the dulse/palmaria market.

During the ongoing pandemic, manufacturers in the dulse/palmaria market are carefully investing in technologies as per volatile market sentiments. The eCommerce is emerging critical in maximizing product sales in personal care products, pharmaceuticals, and food products.

Request a sample to get extensive insights into the Dulse/Palmaria Market

Recommended Daily Allowance of Fiber Necessary to Prevent Adverse Events

Seaweed snacks are growing in popularity, as they are salty, tasty, and healthy. Though high-fiber content in seaweed can aid digestion, it can possibly cause digestive discomfort. Since each gram of fiber adds up, several servings of seaweed per day might exceed the recommended daily allowance of fiber. Hence, brands in the dulse/palmaria market are increasing awareness about possible side effects of seaweed snacks to prevent adverse events in consumers with the help of disclaimers during packaging, branding, and advertising activities.

Manufacturers are bullish on the production of seaweed pills containing various sea vegetables and marine algae in order to treat iodine deficiency in individuals.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Dietary Supplements, Flakes Bolstering Demand for Premium Dried Dulse

The Pacific dulse protein is being publicized as a rich source of bioactive peptides. Companies in the dulse/palmaria market are increasing efforts to source seaweed from the Pacific Northwest, which is being increasingly cultivated as a food resource. Manufacturers are boosting their production capabilities in dietary supplements of dulse, which holds potential as a promising precursor for the generation of bioactive peptides (BAPs) that support metabolic health improvement in humans.

The dulse/palmaria market is projected to reach the valuation of US$ 513.2 Mn by 2030. The 100% pure raw dulse flakes are being made available through eCommerce websites. Manufacturers are making use of premium dried dulse sea vegetables to produce flakes.

Dulse Being Touted as Super-healthy Bacon of the Sea

Dulse-induced food products are emerging as a stiff competition to kale. DIY (Do-it-Yourself) recipes, with the help of dulse flakes, are growing popular in many households. This explains why the dulse/palmaria market is expected to expand at a CAGR of 9.5% during the forecast period.

Raw or cooked dulse is being preferred as a snack that can be added to sandwiches and salads. Manufacturers are increasing their production capacities in dulse flakes that can be sprinkled over scrambled eggs, popcorn, or mixed into vinaigrettes. Products such as Ozuke’s pickled beets with dulse and kale are gaining popularity.

Eco-friendly Materials Gain Prominence in Packaging of Seaweed Shampoo Bars

Dulse and Rugosa - a specialist in Maine Island botanicals, is developing an elaborate product portfolio in seaweed shampoo bars for men and women. Startups in the dulse/palmaria market are taking cues from such innovations to avoid the use of plastic bottles and introduce seaweed shampoo bars instead. They are making use of 100% recyclable paper to package seaweed shampoo bars. In order to boost credibility credentials, startups are committing to low-waste and low-plastic production for hair care products. Manufacturers are developing novel shampoo formulations to meet the needs of all hair types including dry, curly, frizzy, and oily hair.

The dulse/palmaria market is estimated to surpass the volume of 105,464 tons by 2030. Startups are increasing the availability of seaweed shampoo bars that clean and condition the hair at the same time. Thus, to achieve this, manufacturers are developing a powerful blend of botanically infused oils to condition the hair without leaving it greasy.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Dulse/Palmaria Market

Analysts’ Viewpoint

Companies in the dulse/palmaria market are staying updated with the current COVID-19 safety protocols, encouraging vaccination programs and continuation of wearing facemasks during business activities. Dulse powder is being preferred in smoothies for consumers who prefer a creamy seaweed shake. However, non-adherence to the recommended daily allowance of dulse or other seaweed vegetables can lead to adverse events, especially in thyroid patients who need to control their iodine intake. Hence, manufacturers should increase awareness about the possible side effects of overconsumption of dulse and other seaweed vegetables through disclaimers on packaging, and through branding and advertising activities. China, Korea, and Japan are emerging as major producers of dulse and other seaweeds.

Dulse/Palmaria Market: Overview

  • The global market of dulse/palmaria stood at US$ 208.5 Bn in 2021, finds Transparency Market Research (TMR) in a recent study. According to the report, the market is expected to reach US$ 513.2 Bn by 2031, at a CAGR of 9.5%. The revenue from the European market is estimated to be valued at US$ 85.6 Bn in 2021 and is expected to reach US$ 182 Bn by the end of 2031.
  • Well-established markets that include Europe and North America account for a larger share of the global market of dulse/palmaria. Manufacturers in the global market are focusing on offering premium dulse seaweed through sustainable seaweed cultivation to the end-use industries, due to the growing concerns for environmental impacts and the destruction of natural resources.
  • Increasing culinary sciences, along with rising vegan food consumption have initiated the growth of dulse-based food products in the food & beverages industry. The rising application of dulse-based products in animal feed, nutraceuticals, and cosmetics has fuelled the global interest in the dulse market. The increasing population and the need for natural & organic foods are also enhancing the growth of this potential market.
  • Moreover, the easy availability of dulse plants in coastal regions of certain European and Asian countries, presence of favorable climate and low labor cost associated with the seaweed cultivation are some of the factors aiding market development of dulse/palmaria.

Dulse/Palmaria: Market Frontrunners

  • The market of dulse/palmaria in East Asia is estimated to value US$ 26.2 Bn in 2021, with China anticipated to account for 79.5% market share

  • In Latin America, Brazil is expected to holds the largest share of the dulse/palmaria market in 2021. This market in Brazil is anticipated to value US$ 4.1 Bn at a CAGR of around 11.8%.
  • The regional market of dulse/palmaria in South Asia is estimated at US$ 21 Bn in 2021. In terms of application, the food & beverages industry is projected to account for US$ 7 Mn in 2021, nutraceuticals industry to US$ 2.6 Mn, retail or household to US$ 4.2 Mn, animal feed industry to US$ 3.6 Mn, and cosmetics & personal care industry to US$ 1.8 Mn.
  • The performance of the North America dulse/palmaria market is forecast to accelerate, with an expected value CAGR of 8.5% during the forecast period of 2021–2031. This is expected to drive the market to value US$ 123.5 Bn by the end of 2031.
  • Growing economic and political stability, rising industrialization, increasing urbanization, high disposable income, and stringent regulations for red seaweed usage across Asia Pacific and Middle East & Africa offer high potential market growth for dulse-based products

Dulse/Palmaria Market: Dynamics

  • Increased Adoption of Dulse as Superfood to Expand Product Market: Growing geriatric population, increasing healthcare spending, changing lifestyle, food innovations, and medical discoveries have benefitted the demand for superfoods and consequently, the overall market growth. Increasing awareness regarding superfood as natural, nutrient-rich food containing vitamins, and minerals is further drawing customers' attention. Demand for seaweed-based products is rising. Dulse and kelp are used as superfoods, as they contain large amounts of protein. Dulse contains high amounts of iron, potassium, calcium, iodine, and a broad spectrum of vitamins, minerals, and trace elements, which makes it an ideal food ingredient. Dulse is made easier and softer to chew, by drying it immediately after harvesting and then allowing it to absorb a little moisture before it is being packed. Dulse contains more protein and dietary fiber than most of the sea vegetables and land vegetables. Sea vegetables such as dulse are organic, suitable for vegan and paleo diet and vegetarian. Thus, the rise in superfood consumption among consumers is boosting the demand for the global microbial algae products market across regions.
    • According to a study in the Journal of Applied Phycology, various types of seaweeds contain helpful nutrients that includes vitamin C, vitamin B, vitamin A, vitamin B12, iron, iodine, and antioxidants, that protects the body from oxidative stress, improves the health of thyroid gland, and reduce inflammation at the cellular level.
  • Market Players Forging Strategic Alliances for Dulse-based Products to Drive Market: Companies operating in the seaweed industry are increasingly seeking ways to cut through the competition to gain a competitive edge. Although this products’ market is relatively at the nascent stage, the number of companies and small-scale start-ups that are entering the market has witnessed consistent growth. Seaweed is dried after cultivation and sold to developed regions such as Europe and North America for further processing and extraction of extracts for use in end-use industries. In addition, labor participation is higher in the Asia Pacific region, due to lack of technology, which adds to operational costs. As a result, companies are collaborating to develop new technologies that could be implemented to reduce employee engagement. Direct seeding technologies and automated harvesters are introduced in various Asian countries. Major players are also focusing on raising funds to expand their product portfolio. These strategical alliances by major market players would drive the market growth of dulse/palmaria.
    • In August 2020, Ocean Rainforest won funding from the US Department of Energy to build a system in California, where the interest in developing industrialized seaweed production for future biofuels is high
  • Increased Focus for Sustainable Food, Feed Sources to Bolster Sales of Dulse/Palmaria: Consumers today demand healthy food and are concerned about the environment as well. Seaweed producers and manufacturers are constantly innovating ways for producing products and sourcing raw materials in the most sustainable ways to preserve the environment and attract more customers. Seaweed-based products offer a potential solution for global food security and mitigate environmental issues caused by the expansion of land-based products. The competition with agriculture for food production can be avoided as macro-algae-based products offer great adaptability and flexibility to the producers, as they can grow in diverse environments and it does not require freshwater to grow. Along with this, dulse requires less use of arable land than a terrestrial plant. The growth rate of seaweeds is much faster than land-based food crops, thus proving to be a sustainable source for different food and feed products.

Dulse/Palmaria Market: Strategies

  • The major players of dulse/pulmaria are investing in the research and development for enhancement through laboratory and industry resources. The companies are focusing on increasing the awareness of dulse products among consumers by providing them with nutrition beneficial information through articles, blogs, and books.  The companies are also focusing on collaboration and partnerships to expand their market share and capabilities.
    • In November 2020, Cascadia Seaweed expanded its operations in partnership with coastal indigenous communities, providing new economic opportunities to the people of these nations and surrounding areas. The most recent agreement was between the Klahoose First Nation, which led to new seaweed farms installed around Cortes Island.

Dulse/Palmaria Market: Key Players

  • Some of the prominent key players operating in the dulse/palmaria market are
    • Bernard Jensen Products
    • Eden Foods, Inc.
    • Maine Coast Sea Vegetables
    • Mendocino Sea Vegetable Company
    • Cornish Seaweed Company Ltd.
    • Z-Company
    • VitaminSea Seaweed
    • Celtic Sea Spice Co.
    • Atlantic Holdfast Seaweed Company
    • Cascadia Seaweed
    • Maine Fresh Sea Farm, among others.

Dulse/Palmaria Market Snapshot

Attribute

Detail

Market Size Value in 2021 (Base Year)

US$ 208.5 Mn

Market Forecast Value in 2031

US$ 513.2 Mn

Growth Rate (CAGR)

9.5%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value & Tons for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, supply chain analysis, parent industry overview, etc.

Competition Landscape

Market Share Analysis by Company (2021)

Company Profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc.

Format

Electronic (PDF) + Excel

Market Segmentation

  • Form
    • Powder
    • Flakes
    • Liquid
  • End Use
    • Food & Beverages
      • Bakery and Confectionery
      • Snacks & Savory
      • Meat & Seafood
      • Salads, Sauces, & Dressings
      • Processed Meal
      • Others
    • Nutraceuticals
    • Retail/Household
    • Animal Feed
    • Cosmetics & Personal Care
    • Others
  • Distribution Channel
    • Business to Business
    • Business to Consumers
      • Hypermarkets/Supermarkets
      • Convenience Stores
      • Specialty Stores
      • Online Retail

Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle east & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Companies Profiled

  • Bernard Jensen Products
  • Atlantic Holdfast Seaweed Company
  • Celtic Sea Spice Co.
  • Cascadia Seaweed
  • Cenalga, LLC
  • Eden Foods, Inc.
  • Maine Coast Sea Vegetables
  • Maine Fresh Sea Farm
  • Mendocino Sea Vegetable Company
  • Pacific Harvest
  • VitaminSea Seaweed
  • Seaweed Kings
  • Z-Company
  • The Cornish Seaweed Company Ltd

Customization Scope

Available upon Request

Pricing

Available upon Request

Dulse/Palmaria Market – Scope of Report

Transparency Market Research (TMR) has recently published a market study on the global dulse/palmaria market. It provides a detailed assessment of key market dynamics, including drivers, trends, opportunities & restraints, and detailed information about the dulse/palmaria market structure. The market study presents exclusive information about how the dulse/palmaria market will grow during the forecast period of 2021-2031.

Key indicators of market growth, which include year-on-year (Y-o-Y) growth of the market, value chain, supply chain analysis, and compounded annual growth rate (CAGR) are elaborated in the study in a comprehensive manner. This information is intended to help readers understand the quantitative growth prospects of the dulse/palmaria market during the forecast period.

The study is intended to offer a holistic market overview to stakeholders in the dulse/palmaria market, including manufacturers, suppliers, distributors, cultivators, brands and investors, and to help them develop winning growth strategies. Stakeholders in the dulse/palmaria market, which include investors, industry experts, researchers, and journalists, and business researchers, can leverage the information and data presented in TMR’s study.

The study also includes statistics and facts related to the macro as well as microeconomic factors that are impacting expansion of the market. It also offers actionable insights into the future trends in the dulse/palmaria market. Furthermore, small businesses and new entrants in the dulse/palmaria market can make use of the information presented in this study based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Questions Answered in TMR’s Dulse/Palmaria Market Report

  • Which country will continue to remain the most profitable regional market for dulse/palmaria market players?
  • Which factors will induce a change in the demand for dulse/palmaria during the assessment period?
  • How will the changing trends impact the dulse/palmaria market?
  • Which companies are leading the dulse/palmaria market?
  • What are the winning strategies of stakeholders in the dulse/palmaria market to catapult their position at the forefront?

Dulse/Palmaria Market: Research Methodology

In TMR’s study, a unique research methodology is used to conduct extensive research on the growth of the dulse/palmaria market and identify future growth parameters. This research methodology is a combination of primary and secondary research, to help analysts ensure the accuracy and reliability of the conclusions.

Secondary sources referred to by analysts for compiling the dulse/palmaria market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary source.

Information acquired from primary and secondary sources is compiled in a comprehensive manner. This also acts as a validation from companies in the dulse/palmaria market, which makes TMR’s projections more accurate and reliable.

Dulse/Palmaria Market – Segmentation

TMR’s study on the dulse/palmaria market offers information divided into important segments — form, end users, distribution channel, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Form
  • Powder
  • Flakes
  • Liquid
End Use
  • Food & Beverages
    • Bakery & Confectionary
    • Snacks & Savory
    • Meat & Seafood
    • Salads, Sauces, & Dressings
    • Processed Meal
    • Others
  • Nutraceuticals
  • Retail/Household
  • Animal Feed
  • Cosmetics & Personal Care
  • Others
Distribution Channel
  • Business to Business
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retail
Region
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Dulse Market