Commercial
Seaweeds Market Overview
Commercial Seaweed Market
Size is Anticipated to Reach USD 16.9 billion in 2028 and Registering CAGR of
10.10% from 2021 to 2028.
Seaweeds
are a group of multicellular and photoautotrophic algae, that occur in marine
environments and are generally found attached to rock or a hard substratum. Due
to its high nutrients content seaweeds are used in number of applications,
including food supplements, medicines, industrial chemicals, and as a potential
component for biofuel research and CCS (carbon capture and sequestration).
Furthermore, the presence of hormones such as Gibberellins and Auxins is
surging its usage as agricultural fertilizers. Gibberellins and Auxins are
known as growth hormone, these help in stimulating cell elongation and promote
plant growth.
Based on
type, the global
commercial
seaweeds market has been
segmented into red seaweeds, brown seaweeds, and green seaweeds. The brown
seaweeds segment is anticipated to gain the largest revenue share in the global
commercial seaweeds market and shall maintain lead throughout the forecast
period. Brown seaweeds contains iodine and tyrosine, which help in maintaining
thyroid function of the body. These are also good source of vitamins and
minerals, such as iron, manganese, copper, vitamin B2, vitamin B1. Moreover,
seaweeds also consist of small amount of vitamins A, C, E, and K along with
folate, zinc, sodium, calcium and magnesium. Thus, these properties help to
improve bone health, balance hormones, reduce fatigue, hypothyroidism, and
menstrual problems. This is a crucial determinant that is boosting the growth
of brown seaweeds segment in the global commercial seaweeds market.
The global
commercial seaweeds market has been segregated, by method of harvesting, into
aquaculture and wild harvesting. The aquaculture segment is expected to garner
major share in the global commercial seaweeds market owing to the factor that
aquaculture harvesting method, causes less harm to seabed and are also cheap to
setup. Furthermore, the same segment is anticipated to project a higher CAGR
during the forecast period due to the rising inclination of seaweed producers
towards aquaculture.
The global commercial seaweeds market
outlook has been
segregated, by form, into liquid, powder, flakes, and others. The liquid segment is
anticipated to gain the largest revenue share in the global commercial seaweeds
market and shall maintain lead throughout the forecast period. The liquid form
seaweed is used in various applications, such as food & beverages,
agriculture, and feed, due to its protective antioxidant properties.
By
application, the global
commercial seaweeds market has been segmented into agriculture, animal feed,
food & beverages, and others. Food & beverages segment is further
bifurcated into convenience food, dairy & frozen desserts, meat, poultry,
& seafoods, bakery & confectioneries, and others. The food &
beverages segment is expected to garner the highest revenue share of the global
commercial seaweed market owing to the factor that seaweeds are enriched with
nutrients such as high iodine, calcium, magnesium, iron, vitamin. Furthermore,
seaweeds are also used as gelling and thickening agents in various processed
food products such as, dairy drinks, creams, cheese, and candies.
Regional
Analysis
The global
commercial seaweeds market has been segmented on the basis of region, into
North America, Europe, Asia-Pacific, Rest of the World.
Asia-pacific
is expected to dominate the global commercial seaweeds market owing to
presences various species seaweeds in the region. Countries such as China,
Indonesia and Japan are among the largest suppliers of commercial seaweeds in
the region.
North
America and Row commercial seaweeds market is expected to grow at a rapid pace
due to the surging prevalence and consumption of commercial seaweeds in the
regions. Moreover, North America is also expected to project a significant
market share owing to the increasing awareness regarding the mineral and
vitamin content of seaweeds. Thus, surging its usage as an ingredient in
various food & beverages products. Moreover, the increasing demand for
clean label and organic food products, has led to usage of seaweeds as a
natural fertilizer in the agriculture industry.
Segmentation
The global
commercial seaweeds market has been segmented based on type, method of
harvesting, form, application, and region.
By type, the global commercial seaweeds
market has been classified as red seaweeds, brown seaweeds, and green seaweeds.
By method
of harvesting, the global
commercial seaweeds market has been classified as aquaculture and wild
harvesting.
Based on
form, the
global commercial seaweeds market has been segmented into liquid, powder,
flakes, and others.
Based on
application, the
global commercial seaweeds market has been divided into food & beverages,
animal feed, and agriculture. Food & beverages segment is further bifurcated
into convenience food, dairy & frozen desserts, meat, poultry, &
seafoods, bakery & confectioneries, and others.
Key Players
Some of the
key players in the global commercial seaweeds market are Cargill, Incorporated
(US), DowDuPont Inc. (US), Algaia SA (France), Compañía Española de Algas
Marinas S.A. (Spain), Extractos Naturales Gelymar S.A.(Chile), Acadian
Seaplants Limited (Canada), CP Kelco U.S., Inc. (US), Biostadt India Limited
(India), COMPO EXPERT GmbH (Germany), and Compagnie Financiere et de
Participations Roullier S.A. (France).
Browse In-depth Market Research Report (128 Pages,
Charts, Tables, Figures) Commercial Seaweeds Market Report : https://www.marketresearchfuture.com/reports/commercial-seaweeds-market-7342
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