The NSW Seaweed Prospectus outlines a significant opportunity for New South Wales to develop a globally competitive seaweed industry, with a potential market value of up to A$2.3 billion by 2030. Focusing on high-value species such as Ulva spp., Ecklonia radiata, and Asparagopsis, the state is well-positioned due to its unique environmental resources, strong R&D capabilities, skilled regional workforce, and supportive infrastructure. The prospectus highlights NSW’s ability to integrate seaweed cultivation with existing aquaculture, repurpose wastewater and land resources, and develop value-added products across sectors like nutraceuticals, animal feed, bioplastics, and methane-reducing supplements, all supported by aligned government strategies and investment readiness.
