Commercial Seaweed Market size to exceed $87bn by 2024

 

Commercial Seaweed Market size will likely surpass USD 87 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Growing demand for environment friendly fertilizers would become a key growth enabler in the commercial seaweed market. Rising climate change issues and increasing need to conserve the environment has led the global economy to shift towards more sustainable options. This trend would certainly influence commercial seaweed demand in coming years as the product is widely used to produce environment friendly fertilizers. The global demand for fertilizer nutrients increased from about 186 million tons in 2014 to 193 million tons in 2016. This demand will increase in coming years and would in turn drive product usage in the agricultural sector.


 

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FFertilizers that are derived from commercial seaweeds are better than the chemical ones due to presence of high amount of minerals, organic matter, vitamins, micronutrients & fatty acids. This would help in improving the quality of the agricultural yield. As consumers are becoming more health conscious, requirement for organic pulses and other food products have increased. Such shift in customer preference would also increase the product demand. Certain factors like fluctuating fuel prices, small-scale harvesters, limited distribution channels, etc. leads to fluctuation in the final product price which could curb the growth in the commercial seaweed market in the future.

Commercial Seaweed Market

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Browse key industry insights spread across 260 pages with 341 market data tables & 39 figures & charts from the report, “Commercial Seaweed Market Size By Product (Red, Green, Brown), By Form (Liquid, Powder), By End User (Direct Consumption, Textile, Food Additive, Pharma & Medical, Paper, Animal Feed, Fertilizer), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Norway, Russia, China, India, Japan, South Korea, Thailand, Indonesia, Malaysia, Brazil, Chile, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/commercial-seaweed-market
 

The red seaweed segment would attain the highest growth rate over the recent years. Its rising use as a binder in the food industry will augment its market. Additionally, the rising usage of this product type in various applications like cosmetics, food additives, and pharmaceuticals will spur product demand in future.
 

The liquid form finds major applications in the agricultural sector to make liquid fertilizers. The liquid form is mostly used as fertilizers owing to its ease of application. Powder segment would attain a greater growth rate owing to widespread product application in a variety of industries like textiles, food, medical, etc. It will gain by over 8% CAGR during the forecast timeframe.
 

Increasing use of commercial seaweed-based food additives like hydrocolloids would in turn increase the demand in commercial seaweed market. Hydrocolloid is used for stabilizing & thickening applications in the food & beverage sector. The global food & beverage industry would generate a revenue above USD 160 billion by 2023 and would grow at a CAGR above 9%. Such developments in food & beverage industry would in turn propel the product demand in future.
 

Asia Pacific is a significant commercial seaweed market as it accounted for more than half of the share. This high share was a result of extensive product consumption in the Asian countries. The product is used in cooking soups, rice balls, sweets, and sushi. Its health benefits makes it more apt to be used in food items. This product is also used as a medicinal herb to cure wounds. This application is also gaining momentum in the Europe and North America.
 

Key players in the market include Seasol International, CP Kelco, Chase Organics GB Ltd., Yan Cheng, Acadian Seaplants Ltd., Aquatic Chemicals, Pacific Harvest, Algea AS, Indigrow Ltd., and Mara Seaweed.
 

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Commercial Seaweed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD Million from 2013 to 2024, for the following segments:
 

Commercial Seaweed Market by Product

  • Red Seaweed
    • Direct food
    • Textile
    • Food additive
    • Pharma & medical
    • Paper
    • Animal feed
    • Fertilizer
    • Others
  • Green Seaweed
    • Direct food
    • Textile
    • Food additive
    • Pharma & medical
    • Paper
    • Animal feed
    • Fertilizer
    • Others
  • Brown Seaweed
    • Direct food
    • Textile
    • Food additive
    • Pharma & medical
    • Paper
    • Animal feed
    • Fertilizer
    • Others

By Form

  • Liquid
  • Powder

By Product

  • Direct food
  • Textile
  • Food additive
  • Pharma & medical
  • Paper
  • Animal feed
  • Fertilizer
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Norway
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Chile
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

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