Commercial Seaweed Market Scope & Overview
The commercial seaweed market is expected to reach a value of USD 21.03 billion by 2022 and is projected to grow to USD 52.78 billion by 2030, with a compound annual growth rate (CAGR) of 12.2% during the forecast period.
Commercial Seaweed Market has gained significant attention in various industries due to its numerous applications and benefits. It is widely used in food and beverage, pharmaceuticals, cosmetics, and agriculture sectors. The increasing demand for seaweed-based products, driven by the growing awareness of its nutritional value and health benefits, is fueling the market growth.
In the food and beverage industry, seaweed is used as a natural food additive, providing essential nutrients and enhancing the taste and texture of various products. The rising trend of healthy eating habits and the preference for natural ingredients have further boosted the demand for seaweed-based food products.
The pharmaceutical industry is also recognizing the potential of seaweed in developing drugs and supplements. Seaweed extracts have shown promising results in treating various diseases and disorders, including cancer, inflammation, and obesity. This has led to increased research and development activities in this field, driving the market growth.
Furthermore, the cosmetics industry is incorporating seaweed extracts in skincare and haircare products due to their moisturizing, anti-aging, and anti-inflammatory properties. Consumers are increasingly seeking natural and sustainable alternatives in their beauty routines, which has propelled the demand for seaweed-based cosmetics.
In the agriculture sector, seaweed is used as a biofertilizer and soil conditioner, enhancing crop yield and improving soil health. The growing focus on sustainable agriculture practices and the need for organic farming methods have contributed to the rising adoption of seaweed-based agricultural products.
Geographically, the Asia Pacific region dominates the commercial seaweed market, owing to the extensive seaweed cultivation and consumption in countries like China, Japan, and South Korea. North America and Europe are also witnessing significant growth, driven by the increasing demand for seaweed-based Furthermore, the numerous health benefits associated with consuming seaweed, such as its high nutrient content and potential anti-inflammatory properties, have also fueled the demand for seaweed-based products in these regions.
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Major Key Players Included are:
Major key players included are Roullier group, biostadt India limited, compo gmbh & co. Kg, Acadian Sea plants limited, gelymar SA, Brandt consolidated, inc., season international pty. Ltd., cp kelco., west coast marine bio-processing corp., leili group.
Market Segmentation & Sub-segmentation included are:
By product:
l Brown seaweeds
l Red seaweeds
l Green seaweeds
By application:
l Agriculture
l Animal feed
l Human consumption
l Others
By form:
l Liquid
l Powdered
l Flakes
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1.COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Commercial seaweed market segmentation, by product
9.Commercial seaweed market segmentation, by application
10.Commercial seaweed market, by form
11.Commercial seaweed market, by region/ country
12.Company Profiles
13.Competitive Landscape
14.Conclusion
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