Global Irish Moss Market Size Was Worth USD 2,030.0 Million in 2020 and Is Projected to Grow to USD 2,811.3 Million by 2028

Global Irish Moss Market Size Was Worth USD 2,030.0 Million in 2020 and Is Projected to Grow to USD 2,811.3 Million by 2028

Irish Moss: Introduction

Irish Moss is a type of red algae that is found mostly in the western regions of the globe, and they are particularly found on the Atlantic coast of Europe and North America. It's a remarkably large branched algae with blades that taper into the disc-shaped holdfast. 

Its availability in the natural world varies according to climate conditions. It's available in different shades and intensities of red, greenish-yellow as well as purple-brown. Irish moss serves as a vital source of carrageenan production.

The Global Irish Moss Market Forecast: 

The Global Irish Moss Market size was at USD 2,030.0 million in 2020, and it is predicted that it will reach a valuation of USD 2,811.3 million by the end of 2028 with an annual development rate (CAGR) of 4.3% between 2021 and 2028.

The Global Irish Moss Market Overview: 

Irish carrageen moss is a genus of red algae that is found in abundance along with the rocky areas along the Atlantic coast of Europe and North America. Freshly grown, this algae has soft, cartilaginous with a range of colours ranging from greenish-yellow to red to dark brown or purplish-brown. The primary component is a mucilaginous organism composed of the polysaccharide carbureenan that makes up 55% of the dry weight. Besides, It also contains about 15% dry weight minerals and around10% dry weight protein, and it is high in iodine and sulphur. When it is softened in water, it releases a sea-like scent, and because of the numerous cell wall polysaccharides, it will create a jelly when it is boiled and contains between 20 and 100 times its weight in water.

Chondrus crispus can be described as small sea algae, measuring up to a little more than 20 centimetres in length. It develops from the discoid holdfast and then splits four or more times. It forms a dichotomous, fan-like pattern. The morphology of the plant is extremely diverse, particularly the wideness of the thalli. The branches measure between 2 and 15 millimetres wide and are smooth in texture. The colours range from bright green near an ocean's surface to deep red at deeper depths. Gametophytes (see below) usually show blue iridescence near the tips of the fronds, and fertile sporophytes have a patchy pattern.

North America will continue to keep its lead on this Irish Moss market, with Canada being the largest producer. Irish Moss is categorized under seaweeds that are red. Other significant manufacturers of Irish Moss include Ireland and France. Irish Moss is primarily used in North America due to its unique properties in terms of function and wider applications. Carrageenan production adds to the potential of end-use for Irish Moss. The growing importance of seaweeds and marine plants as raw materials to produce food and beverages will help this Irish Moss market throughout the forecast time.

The increase in industrial applications of multi-functional and nutritional marine plant species is driving the increase in the demand for Irish moss. In earlier times, Irish moss was used to supplement food shortages for the Irish. In addition to the various forms available, the quality, as well as the source of seaweed, are crucial when making purchases regarding Irish moss. It is a vital source of nutrition because it is a good source of 83% of the essential nutrients, such as Vitamins A, D, E, F, and K. Irish moss serves as an excellent source of a variety of minerals, such as potassium, calcium, sulphur and iodine. 

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Market Trend and Dynamics of the Global Irish Moss Market:

Irish Moss is believed to have healing properties in the case of radiation poisoning. This has created opportunities for the utilization in the inclusion of Irish moss in nutritional supplements. Its antioxidant and vitamin-rich properties, as well as its antiviral qualities, have encouraged cosmetic companies, particularly skincare product manufacturers, to incorporate Irish moss in their products for the skin. Apart from that, the mucilaginous structure of its body (55%) makes it a great source for the production of carrageenan. The complex nature of Irish moss makes it susceptible to a higher rate of weed growth, resulting in complex weed control. Food labelling and security issues could lead to the potential growth of Irish moss to a certain extent.

The increase in consumers' awareness of Irish moss and its advantages across diverse digital platforms is likely to boost the sale of Irish products made from moss over the next few years. The increasing use of Android phones, internet users, and massive knowledge sharing across different platforms like landscaping, indoor gardening are likely to help Irish moss production at the household level to a greater extent.

The Key Market Segmentation of the Global Irish Moss Market: 

Global Irish Moss Market can be divided into Product Types, Form, Nature, Applications, End-Use and Geographical landscapes, etc. 

Irish Moss Market Segmentation By Product Type:

Fresh And Dried

Irish Moss Market Segmentation By Form:

Powder, Flake, Whole And Others

Irish Moss Market Segmentation By Nature:

Organic And Conventional

Irish Moss Market Segmentation By Application:

Clarifying agent, Thickener and Binding agent, Stabilizer, Softening and Cleansing agent, Detoxifying agent, Antimicrobial and antiviral agent and Others

Irish Moss Market Segmentation By End-Use:

Food and Beverages, Carrageenan production, Bakery and Snacks, Frozen Dessert, Dairy Products, Soups and Stews, Dips and Raw Desserts, Dietary Supplements, Beverages, Medicinal, Personal Care Products, And Others

Irish Moss Market Segmentation By Geographical Landscape:

North America, Europe, Asia Pacific, South America And Middle East and Africa

Major Key Players in the Global Irish Moss Market Are:

  • Starwest Botanicals, 
  • Lipotec, 
  • Red's Kitchen Sink, 
  • Gaia Herbs, 
  • Brouwland, 
  • Irish Seaweeds
  • Brupaks
  • Holdfast Seaweed LLC
  • The Lubrizol Corporation
  • Qingdao Gather Great Ocean Algae Industry Group CO., LTD.
  • Angelina Organic Skincare, 
  • Brupaks Brewing Products, 
  • Seatech Bioproducts Corp 

The Covid-19 Impact Analysis: 

The global pandemic doesn't impact the market demand of Irish Moss, as it is extensively used in the food and drink manufacturing, pharmaceutical, and personal health care industries.

In many countries, the industries are closed, which has led to a drastic decrease in the manufacturing of Irish Moss due to the restrictions of the labour movement.

Trade barriers extensively affected the supply chain of Irish Moss.

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