Building Business for the Future

Introduction

Being a part of the seaweed industry doesn’t stop when you get off the boat with your harvest. Seaweed makes up the largest marine aquaculture sector in the world by landed weight, and the global seaweed crop was valued at US$ 5.6 billion as of 2022. Whether you are farming your seaweed to sell directly to a processor or you are planning to build a brand around your own seaweed product, it can be valuable to understand both the global and local contexts of the seaweed industry.

In this unit we highlight recent statistics on the global and local seaweed industries. We also cover which markets hold the greatest potential going forward for innovators and entrepreneurs looking to make their names on the seaweed scene. Finally, we review challenges that face the Maine seaweed industry and highlight opportunities for innovation, research, and development.