Global Commercial Seaweeds Market Overview:
“The global Commercial Seaweeds Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report also offers insightful and detailed information regarding the various key players operating in the global commercial seaweeds market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.
The global commercial seaweeds market is estimated to exhibit a X.X% CAGR in terms of value during the forecast period 2018–2027. The global market report has been segmented on the basis of type, material, application, end user, and region.
Seaweeds are one of several groups of multicellular algae. Types of seaweeds include red algae, green algae, and brown algae. Seaweeds have various health benefits such as digestive health, weight loss, and cholesterol-lowering effects making it a powerful commercial dietary food.
Over the years, farming of seaweeds has expanded at rapid growth owing to the increasing demand which is outstripping the seaweeds supply available from natural resources. Various applications of commercial seaweeds include human food, animal feed, agriculture, cosmetics, integrated aquaculture, biomass as biofuel, and wastewater management.
Major factors driving growth of the global commercial seaweeds market are increasing use of seaweeds as an alternate to gelling agents in products such as jelly and ice creams, and as a hydrocolloid in different food products.
Additionally, seaweeds contain fatty acids such as omega-3, which contributes to increase the healthy HDL (High-Density Lipoprotein) in the body and improving the overall health by lowering the unnecessary LDL (Low-Density Lipoprotein).
Furthermore, increasing applications of seaweeds in healthcare, food industries, and as fertilizer is expected to propel growth of the global commercial seaweeds market.
However, major factor that may affect growth of the global commercial seaweeds market, includes negative impact of seaweeds harvesting on the climate in terms of coastal marine environments.
Asia Pacific market is dominating the global commercial seaweeds market owing to increasing demand for seaweeds in the medicines, food, fertilizers, animal feed, and cosmetics in countries in this region. In addition, increasing awareness about the commercial seaweeds applications along with the large production volume have led to increase the consumption of seaweeds in the prominent countries such as China and Indonesia.
In the coming years, Asia Pacific market is anticipated to witness the highest growth in terms of raw as well as processed seaweeds.
North American commercial seaweeds market is projected to witness highest growth during the forecast period owing to growing investments from several multinational manufacturers based in this region, rising awareness about health benefits of seaweeds, coupled with changing eating habits and globalization in countries in this region.
Global Commercial Seaweeds Market Segmentation:
Global commercial seaweeds market by type:
- Red seaweeds
- Brown seaweeds
- Green seaweeds
Global commercial seaweeds market by form:
Global commercial seaweeds market by application:
- Human food
- Animal feed
Global commercial seaweeds market by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cargill, Inc.
- I. Du Pont de Nemours and Company
- Roullier Group
- Biostadt India Limited
- Compo GmbH & Co. KG
- Gelymar SA
- CP Kelco
- Acadian Seaplants Limited
- Seasol International Pvt. Ltd.
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