The Mermaid Fund

a £100 million fund investing in the $18bn seaweed Industry

The value of the global commercial seaweed market in 2021 was around USD 17.85 billion according to a recent forecast that suggests it will grow to almost USD 25 billion by 2028.

A Global Market

Asia Pacific is expected to be the fastest-growing region for the global market due to increased market demand and abundant seaweed production in the region, but there is strong growth in North America and Europe

Industry

Industries using seaweed in their products include pharmaceuticals, cosmetics, foodstuffs, textiles, plastics and agriculture. There are also industries dedicated to clearance and harvesting.

Growth

The CAGR rate of the global seaweed industry is forecast by Polaris Market Research to be 10.50% up to 2030. The Phycology Fund is expected to grow at a similar rate with diverse investments into the breadth of industries

Investments will contribute to the circular economy and promote sustainability

Here are the profiles some of the participants in the seaweed industry of the type that the Mermaid Fund will target.

The Ocean Cleaner

Seaweed Harvester

The Ocean Cleaner is a start-up created to respond to a recognized problem crying out for a solution – the removal of sargassum seaweed from beaches. The company believes in keeping beaches and oceans free of pollution.

Renovare

Seaweed Footwear Manufacturer

Design and manufacture of footwear from recycled plastic bottles and seaweed in Mexico and the American Continent with 10 years of experience manufacturing and more than 80 years of experience in the Footwear industry.

Notpla

Manufacturer of Packaging from Seaweed

Notpla's portfolio of advanced, all-natural packaging solutions made from seaweed and plants are naturally biodegradable and home-compostable, with a range of products that respond to a specific plastic problem identified across multiple industries, from electronics, fashion, and cosmetics to food.