The Global Commercial Seaweeds Market report for by type (Red seaweeds, Brown seaweeds and Green seaweeds) –by method (Aquaculture and Wild harvesting) – by form (Liquid, Powder and Flakes) – by application (Food, agriculture and others) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ 24.60 Bn by 2026, at a CAGR of 8.20 %.
Growing consumption of seaweed as a food extract, medical use, and for bio-refining is projected to drive the demand for seaweed. Increasing consumer awareness concerning the nutritional benefits of seaweed, increasing demand for alginate in food, pharmaceutical industries is estimated to boost the growth of global seaweed market. Growing demand for seaweed-derived snacks is expected to fuel the demand for seaweed. Furthermore, lack of awareness of harvesting numerous species of seaweed among the key players are expected to hamper the growth of the global seaweed market.
The brown seaweeds segment is expected to share significant growth in the commercial seaweeds market.
The brown seaweeds segment is projected to account for the largest share in the commercial seaweeds market. The presence of brown seaweeds in food helps in civilizing the joint and bone health, assistance in digestion, balances hormones, and decreases hypothyroidism, fatigue, menstrual problems, cellulite, cough, asthma, stomach ailments, headaches, and hemorrhoids. Additionally, consumption of brown seaweeds avoids the growth of cancer cells, aids in weight management, and shelters from the adverse effects of radiation owing to contact with dangerous electromagnetic pollution. Rising usage of alginates, extracted only from brown seaweeds in a dental material is expected to increase the demand for brown seaweeds.
The food segment is projected to dominate the commercial seaweeds market during the forecast period.
Seaweed is used as an element in food products and is expended directly in various countries such as Japan, Korea, and China. As it is ironic in nutrients like high iodine, calcium, magnesium, iron, vitamin, antioxidant, and fiber, seaweed, which is extensively measured a healthy food. Additionally, seaweeds have numerous applications as a thickening and gelling agent in processed food products like sausages, bread, creams, cheese, dairy drinks, and candies. The use of seaweeds for the products such as low-calorie ice creams and cakes is further expected to fuel the commercial seaweeds market growth.
Aquaculture segment is expected to share significant growth in the global commercial seaweeds market.
Aquaculture segment is expected to dominate the global commercial seaweeds market during the forecast period. The farming of aquaculture seaweeds does not require great setups and causes the slightest harm to fishery resources and seabed. In the developing countries, this technique acts as a maintainable activity, which also provides a substitute source of livelihood for the small-scale fishing community. These factors are expected to drive the growth of the aquaculture segment.
The Asia Pacific is expected to lead the global commercial seaweeds market.
The leading position in the market is attributed to the growing presence of tropical forests in the Asia Pacific. Numerous species of seaweeds are found in this region. With an extensive variety of seaweed species in this region and growing production of the seaweed-based products, Asia Pacific remnants the largest supplier of seaweeds to both domestic and export markets. The requirement for clean labels and organic products is proceeding the rise, which is also foremost to the growing use of seaweeds as organic fertilizers in the farming industry. The other applications of seaweeds in the region comprise pharmaceuticals, agriculture, cosmetics, biofuel, and feed additives. These factors are expected to fuel the growth of the commercial seaweeds market in the Asia Pacific.
This report comprises a study of marketing and development approaches, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Acadian Seaplants Limited, Cargill, DuPon, Biostadt India Limited, Brandt Consolidated, Inc., COMPO Expert GmbH, Groupe Roullier, Seasol, TBK Manufacturing Corporation, W Hydorcolloids Inc., CP Kelco, Gelymar, Lonza Group Ltd., Marinalg International, Ocean Harvest Technology, Maine Coast Sea Vegetables, Ocean Rainforest, Qingdao Bright Moon Group Co., Ltd., Irish Seaweeds, High Hope Foods Co., Ltd., Chase Organics, GimMe Health Foods, Annie Chun’s Inc. and Mara Seaweed
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Commercial Seaweeds Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Commercial Seaweeds Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Commercial Seaweeds Market positioning of competitors.
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