Global Commercial Seaweed Market size is projected to reach USD 27.07 Billion by 2028 from an estimated USD 16.23 Billion in 2021, growing at a CAGR of 7.58%.
Commercial Seaweed refers to the number of species of multicellular, marine algae and it is an adaptable product widely used for food in direct human consumption, then animal feed, cosmetics, agriculture, and others. Seaweed is collected from the wild, but now it is increased as commercial seaweed cultivation. Seaweed is found in three forms such as brown, red, and green seaweed. Furthermore, seaweed cultivation has increased rapidly as demand has outstripped the supply available from natural resources which leads to growth of the market during the forecast period. In addition, commercial harvesting occurs in about 35 countries, spread among the Northern and Southern Hemispheres, in waters ranging from cold, through temperate, to tropical.
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Top Market Players Covered in the Commercial Seaweed Market:
DowDuPont Inc., Cargill Incorporated, Beijing Leili Agricultural Co. Ltd., Organic Irish Seaweed Emerald Isle, Seaweed Solutions AS, Nantong Xinlang Seaweeds and Foods Co. Ltd., CP Kelco US Inc., Groupe Roullier, J.M. Huber, Kerry Group Plc., Ocean Harvest Technology Ltd., Gelymer S.A., Corbion N.V., Green Ocean Farming UK and other major players.
The report Commercial Seaweed Market provides an in-depth analysis of the Commercial Seaweed Market including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Commercial Seaweed Market provides an in-depth analysis of the market state of Commercial Seaweed Market manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Commercial Seaweed Market Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.
Segmentation Analysis of Commercial Seaweed Market:
The segmentation of the Liquid-Cooled Charging Station For the Electric Vehicle Market can be done along the following lines:
By Type
· Red
· Brown
· Green
By Form
· Liquid
· Powdered
· Flakes
By Application
· Agriculture
· Animal Feed
· Human Food
· Other Applications
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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· Commercial seaweed is required to fulfill the consumer diet demand and suppress a certain disease's risk. In addition, commercial seaweed helps to provide adequate yield quality and quantity in the agriculture sector and fulfil the rising demand for hydrocolloids in the food & and beverages industry which leads to fueled market growth during the forecast period.
· Rising the demand for plant-based products, awareness about animal welfare and veganism among the individuals are key factors driving the market growth. Plant based product gaining popularity across several sector such as food and cosmetic industry with resulting perception that plant-based food is safer and healthier as compared to animal-based products. For instance, In June 2020, Bio Marine Ingredient Company funded USD 2.4 million to create a new product range of seaweed-based concerning producing plant-based substitutes. Growing the usage of commercial seaweed in the pharmaceutical and cosmetic industry is anticipated to drive the growth of the commercial seaweed market.
The key questions answered in this report:
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