A recent report by Primus Partners, titled Seaweed Farming Can Touch a Million Lives, highlights the transformative potential of seaweed farming in India’s coastal economy. The report projects that the sector, currently valued at ₹200 crore, could expand to ₹3,277 crore within the next decade, creating sustainable livelihoods for 4,00,000 families and impacting 1.6 million lives.

Despite India’s vast coastline and rising demand for seaweed across industries like food, pharmaceuticals, and agriculture, the country contributes less than 1% to global production. The report identifies key challenges, including inconsistent seed quality, logistical bottlenecks, and limited market linkages. It emphasizes the need for infrastructure development, policy support, and private sector participation to unlock the sector’s full potential.

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BusinessLine