DUBLIN--(BUSINESS WIRE)--The "Commercial Seaweeds Market Size, Share & Analysis, By Type (Red, Brown, Green), By Method of Harvesting (Aquaculture, Wild Harvesting), By Form (Liquid, Powder, Flakes), By Application (Food, Agriculture, Others), And By Region, Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.
The global commercial seaweeds market size is expected to reach $29.39 Billion in 2028, and register a CAGR of 7.6% during the forecast period.
Rising awareness regarding health-benefits of consuming seaweeds such as high content of fibers, vitamins, and minerals, and excellent antioxidant is a major factor expected to drive market growth.
Increasing use of seaweed as an ingredient in fertilizer as seaweed-based fertilizers possess magnesium, iron, zinc, and potassium is expected to drive growth of the global commercial seaweeds market.
In addition, growing adoption of seaweed to make additives for animal feed, and seaweed-extracts as gelling and thickening agents in cosmetics and certain foods are other key factors boosting growth of the global commercial seaweeds market. However, high production cost of seaweed could hamper growth of the global commercial seaweeds market.
Some Key Findings From the Report:
- Among the type segments, the red seaweed segment accounted for the largest revenue share in the global market in 2020. The brown seaweed segment is expected to register the highest revenue growth rate during the forecast period.
- Among the form segments, the liquid segment is expected to register the highest CAGR during the forecast period.
- Among the application segments, the food industry segment accounted for the largest revenue share in the global market in 2020. The cosmetic and personal care segment is expected to register the highest CAGR during the forecast period.
- The Asia Pacific commercial seaweeds market accounted for the largest revenue share in 2020. The North America market is expected to register a robust revenue CAGR during the forecast period, followed by the Europe market.
- Consumption of commercial seeds is relatively lower in regions such as Middle East & Africa, and Latin America, thus, the revenue growth rates of these regional markets are expected to be lower as compared to other regional markets.
Reasons to Buy the Report
- A robust analysis and estimation of the Commercial Seaweeds Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Commercial Seaweeds Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
For the purpose of this report, the global commercial seaweeds market has been segmented based on basis of type, method of harvesting, form, application, and region:
Type Outlook
- Red Seaweeds
- Brown Seaweeds
- Green Seaweeds
Method of Harvesting Outlook
- Aquaculture
- Wild Harvesting
Form Outlook
- Liquid
- Powder
- Flakes
Application Outlook
- Food
- Dairy Products
- Meat & Poultry Products
- Bakery Products
- Confectionery Products
- Others
- Animal Feed Additives
- Agriculture
- Cosmetic and Personal Care
- Pharmaceuticals
- Others
- Biomass for fuel
- Integrated Aquaculture
- Wastewater Treatment
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Companies Mentioned
- Cargill Inc.
- E.I. Du Pontde Nemours and Company
- Roullier Group
- Biostadt India Ltd.
- Compo GmbH & Co.
- Dalian Kowa Foods
- Acadian Seaplants Pvt. Ltd.
- CP Kelco
- Bunge Ltd.
- Seaweed & Co
For more information about this report visit https://www.researchandmarkets.com/r/ytvyj9
