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.
Browse full research report on 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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/commercial-seaweed-market/request/rs1
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
- U.S.
- Canada
- Europe
- France
- Ireland
- U.K.
- Asia
Pacific
- China
- Japan
- Indonesia
- Central
& South America
- Brazil
- Argentina
- Middle
East & Africa (MEA)
- 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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