Macroalgae Market to incur value growth at ~8% CAGR during 2018 - 2028Posted by vakhas on March 2nd, 2020 VALLEY COTTAGE, N.Y. (GLOBE NEWSWIRE) -- As per the findings of a new report of Future Market Insights (FMI), the global macroalgae market is expected to witness significant growth during 2018 to 2028, with increasing demand from end uses, including food, animal feed, cosmetics, and fertilizers. The global macroalgae market was valued at US$ 7,882.6 Mn in the year 2017, and is projected to expand at a CAGR of 8% over the forecast period of 2018 to 2028. The increasing production of food, cosmetics, fertilizers, and pharmaceuticals, among others, has resulted in a drastic increase in the demand for macroalgae. The growing consumption of macroalgae in food applications is expected to boost the growth of the global macroalgae market in the coming years. South East Asia & Asia Pacific Expected to Create Significant Growth Opportunities for Global Macroalgae Market Players The global macroalgae market is equally large and fragmented. There are a few players that have established themselves at international as well as domestic levels. These players are taking initiatives to grow even more by expanding into high-growth regions, and also by expanding their manufacturing capacities to cater to the increasing demand. East and South East Asia are expected to be prominent regions in the global macroalgae market throughout the forecast period, because of the increasing production and consumption in countries such as China, Indonesia, and Japan. Other coastal regions are also developing taste for macroalgae products, which will be a positive factor for the growth of the global macroalgae market. Rising economies, industrialization, and increasing annual income of the population in these regions are some of the reasons that are majorly leading to the increasing demand for of macroalgae in South East Asia and other parts of Asia Pacific. End Use of Macroalgae in Food Industry Projected to Remain Dominant Throughout the Forecast Period The market has been segmented as source, type, end use, application, and region.
Macroalgae Market: Vendor Insights The report highlights some of the market players that are prominent and have established themselves as leaders in the global macroalgae market. Some of the examples of the key players in this value chain of macroalgae are Dow Dupoint Inc., Cargill Inc., Biostadt India Limited, CP Kelco, Acadian Seaplants Limited, Nantong Tianfu Seaweeds & Aquatics Co., Ltd., Qingdao Rongde Seaweed Co., Ltd, Haian Qingxin Food Co., Ltd., Extractos Naturales Gelymar S.A., Seasol International Pty Ltd, Qingdao Seawin Biotech Group Co., Ltd., Compañía Española de Algas Marinas S.A., and Indigrow Ltd., among others. Most of these players offer diverse portfolios of macroalgae for various end-use industries. Other key strengths that are important and common among these global macroalgae players are their global presence and active participation in research and development (R&D), which helps them compete, expand their macroalgae product portfolio, and grow further in the macroalgae market. Press-Release Source – https://www.globenewswire.com/news-release/2019/04/04/1797116/0/en/Macroalgae-Market-to-Grow-at-a-CAGR-of-8-0-During-2018-to-2028-Future-Market-Insights.html About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Mr. Abhishek Budholiya 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44 (0) 20 7692 8790 For Sales Enquiries: sales@futuremarketinsights.com Like it? Share it!More by this author |