Product Code: ETC220228 | Publication Date: Aug 2023 | Updated Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Indonesia Commercial Seaweed Market registered a growth of 16.73% in value shipments in 2021 as compared to 2020 and a decrease of -14.48% CAGR in 2021 over a period of 2017. In Commercial Seaweed Market Indonesia is becoming more competitive as the HHI index in 2021 was 2686 while in 2017 it was 9008. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Indonesia has reportedly relied more on domestic production to meet its growing demand in Commercial Seaweed Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Commercial Seaweed Market in 2021 was 0.09 while in 2017 it was 0.1. Japan, China, South Korea, Singapore and Other Asia, nes were among the top players of the market in 2021, where Japan acquired the largest market share of 34.02% with a shipment value of 0.18 million USD in 2022 Japan also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 94.86% with the shipment value of 0.95 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Indonesia Commercial Seaweed Market in 2017.
In the agriculture sector, the commercial seaweed market in Indonesia has been growing steadily. Seaweed is used in various industries, such as food, pharmaceuticals, and cosmetics, which has boosted its demand, both domestically and internationally.
The commercial seaweed market in Indonesia is witnessing significant growth due to various factors. Firstly, the increasing demand for seaweed-derived products in the food and beverage industry is a major driver. Seaweed is a rich source of nutrients and has applications in various food products, such as sushi, snacks, and health supplements, driving its popularity among health-conscious consumers. Secondly, the expanding applications of seaweed in industries beyond food, such as pharmaceuticals, cosmetics, and agriculture, are fueling its demand further. The presence of bioactive compounds in seaweed makes it valuable for medicinal and cosmetic purposes, contributing to its growing utilization in these sectors. Moreover, the sustainable nature of seaweed cultivation also plays a vital role in driving its market. Seaweed requires minimal freshwater, land, and fertilizers for growth, making it an environmentally friendly option compared to many other crops. As environmental concerns rise, industries are turning towards seaweed-based solutions, boosting its market potential.
Indonesia is one of the largest producers of commercial seaweed, used in various industries like food, pharmaceuticals, and agriculture. The market outlook for commercial seaweed remains positive, driven by its widespread applications. The commercial seaweed market may encounter challenges related to sustainable harvesting practices, environmental impact, and market competition from other seaweed-producing countries.
The commercial seaweed market in Indonesia has been expanding due to the widespread application of seaweed in various industries, including food, pharmaceuticals, and cosmetics. The market`s growth is driven by increasing global demand for seaweed-derived products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Commercial Seaweed Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Commercial Seaweed Market Revenues & Volume, 2021 & 2028F |
3.3 Indonesia Commercial Seaweed Market - Industry Life Cycle |
3.4 Indonesia Commercial Seaweed Market - Porter's Five Forces |
3.5 Indonesia Commercial Seaweed Market Revenues & Volume Share, By Product, 2021 & 2028F |
3.6 Indonesia Commercial Seaweed Market Revenues & Volume Share, By Application, 2021 & 2028F |
3.7 Indonesia Commercial Seaweed Market Revenues & Volume Share, By Form, 2021 & 2028F |
4 Indonesia Commercial Seaweed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Commercial Seaweed Market Trends |
6 Indonesia Commercial Seaweed Market, By Types |
6.1 Indonesia Commercial Seaweed Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Commercial Seaweed Market Revenues & Volume, By Product, 2018 - 2028F |
6.1.3 Indonesia Commercial Seaweed Market Revenues & Volume, By Brown seaweeds, 2018 - 2028F |
6.1.4 Indonesia Commercial Seaweed Market Revenues & Volume, By Red seaweeds, 2018 - 2028F |
6.1.5 Indonesia Commercial Seaweed Market Revenues & Volume, By Green seaweeds, 2018 - 2028F |
6.2 Indonesia Commercial Seaweed Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Commercial Seaweed Market Revenues & Volume, By Agriculture, 2018 - 2028F |
6.2.3 Indonesia Commercial Seaweed Market Revenues & Volume, By Animal Feed, 2018 - 2028F |
6.2.4 Indonesia Commercial Seaweed Market Revenues & Volume, By Human Consumption, 2018 - 2028F |
6.2.5 Indonesia Commercial Seaweed Market Revenues & Volume, By Others, 2018 - 2028F |
6.3 Indonesia Commercial Seaweed Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Commercial Seaweed Market Revenues & Volume, By Liquid, 2018 - 2028F |
6.3.3 Indonesia Commercial Seaweed Market Revenues & Volume, By Powdered, 2018 - 2028F |
6.3.4 Indonesia Commercial Seaweed Market Revenues & Volume, By Flakes, 2018 - 2028F |
7 Indonesia Commercial Seaweed Market Import-Export Trade Statistics |
7.1 Indonesia Commercial Seaweed Market Export to Major Countries |
7.2 Indonesia Commercial Seaweed Market Imports from Major Countries |
8 Indonesia Commercial Seaweed Market Key Performance Indicators |
9 Indonesia Commercial Seaweed Market - Opportunity Assessment |
9.1 Indonesia Commercial Seaweed Market Opportunity Assessment, By Product, 2021 & 2028F |
9.2 Indonesia Commercial Seaweed Market Opportunity Assessment, By Application, 2021 & 2028F |
9.3 Indonesia Commercial Seaweed Market Opportunity Assessment, By Form, 2021 & 2028F |
10 Indonesia Commercial Seaweed Market - Competitive Landscape |
10.1 Indonesia Commercial Seaweed Market Revenue Share, By Companies, 2021 |
10.2 Indonesia Commercial Seaweed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |