Global Commercial Seaweed Market Size is estimated to expand rapidly in the coming years, at a CAGR of 8.1 % from 2018 to 2025. In 2017, the global market valuation was USD 55.6 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The increasing demand from the food industry will make the market for commercial seaweed easier. In Japan the fourth and sixth centuries in China the consumption of seaweed began long ago. Today, the benefits of rich nutritional content, ability to function thyroid, and the good source of vitamins, antioxidants, and minerals make them becoming popular among consumers.
These trends and easy availability and increasing people's spending trend will increase the growth of the market. Consumers in developed countries are increasingly aware of the health that will attract demand for products in the years to come. As it promotes global food security, the United Nations has demonstrated a lot of interest in increased algae production. Campaigns with minimal capital investment, decent hunger techniques, and short production cycles have economic potential. In the forecasted time period, favorable trends associated with the global pharmaceutical sector will boost the growth of the macroalgae market. The product is used for the production of stable, wound dressing fibers and as a smooth laxative. It is also used as a disintegrating tablet and as a controlled release of medicinal products and other chemicals. The future of pharmaceutical growth will be enhanced through R&D programs coupled with technological advances. In addition, increased public expenditure will boost growth in the sector. These trends will have a positive effect on the growth of commercial algae by 2025.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global commercial seaweed market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global commercial seaweed market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global commercial seaweed market has been segmented into red, green, and brown. Among which global market for red Seaweed is expected to witness high growth in the forecast period. These seaweeds are small in length (few centimeters to about a meter) and used as food. These seaweeds are high sources of hydrocolloids such as agar and carrageenan.
By End User Insights: On the basis of end-user, global commercial seaweed market has been segmented into food, animal feed, pharma & personal care, and biofuels. Among which animal feed segment has accounted for largest share in the global market of commercial Seaweed. The product is used in feed, particularly in coastal regions, as an additive. It has many essential vitamins and different minerals, including potassium, phosphorous, calcium, sodium, magnesium, chlorine and sulphur. By 2025 the segment of biofuels will grow with a high CAGR. By various processes, such as fermentation, therapeutic treatment, and anaerobic digestion, seaweed biomass is converted into biofuels. The increasing global energy demand will make biofuels more environmentally friendly and will reduce pollution than fossil fuels.
The commercial seaweed market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In the forecast period, Asia Pacific will dominate the market. The leading consumers in this region are China, South Korea and Japan. In the coming years, there will be positive trends associated with the food industry caused by the large population. The increased production of algae by 2025 is supported by supporting government policies Due to the increasing demand in the pharmaceutical industry, North America will increase by over 6% at a CAGR at the end of the forecast period. North America accounted for nearly half of the global pharmaceutical market in 2017, according to the European Federation of Drug Industries and Associations (EFPIA). Huge investments in the regional pharmaceutical industry and ongoing research and development activities will contribute to growth.
Global Commercial Seaweed Market Size, Share Analysis by Region 2018
Global Commercial Seaweed Market Study Objective
1. To forecast the market size of commercial seaweed market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of commercial seaweed market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of commercial seaweed market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of commercial seaweed market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the commercial seaweed market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Seasol International, CP Kelco, Yan Cheng Hairui Food Co., Ltd., Mara Seaweed, BIOSTADT INDIA LIMITED, Algea AS, Qingdao Seawin Biotech Group Co., Ltd., FMC BioPolymer AS, Indigrow Ltd., Chase Organics GB Ltd., Arcadian Seaplants Ltd., Pacific Harvest, Aquatic Chemicals and Marcel Carrageenan are some of the key players in the market of commercial seaweed.
Global Commercial Seaweed Market Study Report Offer You!
The global commercial seaweed market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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