Commercial Seaweed Market Is Expected To Reach Value Over USD 22.13 Billion by 2Posted by Neha Bora on November 28th, 2019 San Francisco, 29 November 2019: The Report Commercial Seaweed Market Size, Share & Trends Analysis Report By Product (Red, Brown, Green), By Form (Liquid, Powdered, Flakes), By Application (Animal Feed, Human Consumption), And Segment Forecasts, 2018 – 2024 The global commercial seaweed market size is anticipated to reach USD 22.13 billion by 2024, according to a new report by Grand View Research, Inc. The global market is estimated to witness a healthy CAGR of 8.9% during the forecast period. Rising demand for seaweed-derived food products is estimated to boost the industry growth over the next few years. Growing product application scope in fertilizers, animal feed, and healthcare and medical sectors is also boosting the market demand. Furthermore, growing popularity of seaweed extracts such as agar, carrageenan, and alginate is also likely to drive the commercial seaweed market. Increasing product application scope in the pharmaceutical sector is projected to boost the market growth. Various properties of commercial seaweeds such as thickening and gelling, which are applicable in hydrocolloid industries, is expected to drive the market further. Regulations regarding the production and harvesting of seaweeds concerning human consumption, animal feed, and agricultural use is expected to augment the market. Seaweeds serve as a major food product in Asia Pacific region. Increased consumption of organic foods is expected to fuel the product demand in the coming years. Access Research Report of Commercial Seaweed Market @ https://www.grandviewresearch.com/industry-analysis/commercial-seaweed-market Further key findings from the report suggest:
Grand View Research has segmented the global commercial seaweed market on the basis of product, form, application, and region: Commercial Seaweed Product Outlook (Revenue, USD Million, 2014 - 2024)
Commercial Seaweed Form Outlook (Revenue, USD Million, 2014 - 2024)
Commercial Seaweed Application Outlook (Revenue, USD Million, 2014 - 2024)
Commercial Seaweed Regional Outlook (Revenue, USD Million, 2014 - 2024)
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