According to the latest report by IMARC Group, titled “Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global seaweed market price. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global seaweed market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.64% during 2023-2028. Seaweed refers to various marine algae and plants that grow in the rivers, oceans, lakes, and other bodies of water. It comprises green, brown, red, and black algae that form thick growth on rocky shores or mounds in shallow water. Seaweed is a rich source of iodine and tyrosine that enhance energy production, development, and the repair of damaged cells in the body. In addition, it offers several antioxidants, such as carotenoids, vitamins A, C, and E, and flavonoids. Seaweed also assists in losing weight as it contains filling fiber, few calories, and fucoxanthin, which boosts the metabolism. As a result, this plant finds extensive utilization in pharma products, wastewater treatment, food and beverages, bio-refining, and dietary supplements.
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Seaweed Market Trends:
The escalating awareness among the masses toward the benefits of nutritional foods is primarily driving the seaweed market. Besides this, the elevating product requirement as an ingredient and to regulate the estrogen and estradiol levels in the human body, owing to its anti-microbial properties, is further augmenting the market growth. Moreover, the growing popularity of seaweed as a thickening agent in the textile industry and in the agriculture sector to enhance yield, improve soil quality, and enhance crop protection is also catalyzing the global market. Apart from this, the leading players are extensively investing in research and development (R&D) activities for the introduction of innovative variants as preservatives and gums, which is acting as another significant growth-inducing factor. Furthermore, the inflating product need to manufacture hydrocolloids, including agar, alginate, and carrageenan, is expected to bolster the seaweed market in the coming years.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the top Seaweed Companies in World 2023 being:
- Acadian Seaplants Limited
- Cargill Incorporated
- DuPont de Nemours, Inc.
- Irish Seaweeds
- Leili
- Mara Seaweeds
- Qingdao Gather Great Ocean Algae Industry Group (GGOG)
Key Market Segmentation:
Breakup by Environment:
- Aquaculture
- Wild Harvest
Breakup by Product:
- Red
- Brown
- Green
Breakup by Application:
- Processed Foods
- Direct Human Consumption
- Hydrocolloids
- Fertilizers
- Animal Feed Additives
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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