The global commercial seaweed market size
is anticipated to reach USD 22.13 billion by 2024, according to a new report by
Grand View Research, Inc. The global market is estimated to witness a healthy
CAGR of 8.9% during the forecast period. Rising demand for seaweed-derived food
products is estimated to boost the industry growth over the next few years.
Growing product application scope in fertilizers, animal feed, and healthcare
and medical sectors is also boosting the market demand. Furthermore, growing
popularity of seaweed extracts such as agar, carrageenan, and alginate is also
likely to drive the commercial seaweed market.
Increasing product application scope in the
pharmaceutical sector is projected to boost the market growth. Various
properties of commercial seaweeds such as thickening and gelling, which are
applicable in hydrocolloid industries, is expected to drive the market further.
Regulations regarding the production and harvesting of seaweeds concerning
human consumption, animal feed, and agricultural use is expected to augment the
market. Seaweeds serve as a major food product in Asia Pacific region.
Increased consumption of organic foods is expected to fuel the product demand
in the coming years.
Access Research Report of Commercial
Seaweed Market @ https://www.grandviewresearch.com/industry-analysis/commercial-seaweed-market
Further key findings from the report suggest:
· The global commercial seaweed market is
projected to witness strong demand over the coming years owing to rising
awareness regarding the benefits of seaweeds
· Majority of the commercial seaweeds are
consumed in liquid form due to ease of application and growing industrial
demand
· Red seaweed emerged as the fastest-growing
product segment in 2015 and accounted for more than 52% of the global market
· Human consumption emerged as the largest
application segment in 2015 accounting for more than 80% of the overall share
· Rising awareness regarding healthier eating
habits and lifestyle along with increased disposable income are the key
growth-driving factors
· Some of the prominent companies operating
in this industry include E.I. DuPont Nemours and Company; Cargill, Inc.;
Roullier Group; Compo GmbH & Co.; and Biostadt India Ltd.
Grand View Research has segmented the
global commercial seaweed market on the basis of product, form, application,
and region:
Commercial Seaweed Product Outlook
(Revenue, USD Million, 2014 - 2024)
·
Brown
·
Red
·
Green
Commercial Seaweed Form Outlook (Revenue,
USD Million, 2014 - 2024)
·
Liquid
·
Powdered
·
Flakes
Commercial Seaweed Application Outlook
(Revenue, USD Million, 2014 - 2024)
·
Agriculture
·
Animal Feed
·
Human Consumption
·
Others
Commercial Seaweed Regional Outlook
(Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
France
o
Ireland
o
U.K.
·
Asia Pacific
o
China
o
Japan
o
Indonesia
·
Central & South America
o
Brazil
o
Argentina
·
Middle East & Africa (MEA)
o
South Africa
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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