Seaweeds are macroscopic algae that live in shallow marine waters and rocky shorelines. These are considered the “wonder plants of the sea,” encompassing a novel and sustainable supply of chemicals, food, energy, and pharmaceuticals with many applications in business, farming, biomedicine, and personal hygiene. In addition to nourishing marine life, seaweed plays a vital role in absorbing nutrients from saltwater and transferring them into the food chain. Historically, India has not made extensive use of seaweeds. However, seaweeds are currently highly valued in the Indian market and are widely used as biostimulants. Less than 1% of the nation’s total agricultural area is treated with these substances to enhance plant productivity. The goal of this review is to determine how best to use seaweed in the manufacture of several value-added seaweed products and how to get good consumer recognition for these products. Seaweeds are mostly used as a component of agarose, carrageenan, and agar, which are used in pharmaceuticals, cosmetics, paints, cardboards, paper, and processed foods, among other things. India has 46 different industries based on seaweed, of which 25 manufacture alginate and 21 produce agars. However, they are not performing at their full capacity due to a shortage of raw resources. The cultivation of additional seaweed species that are beneficial for food and other value-added businesses in the country should be promoted by Indian nodal bodies.