Commercial Seaweeds Market Set to Witness an Uptick during 2020 to 2027Posted by Mrudula Karmarkar on December 30th, 2021 The global commercial seaweeds market size is expected to be reach USD 11.9 billion by 2027, expanding at a CAGR of 9.1%, according to a new report by Grand View Research, Inc. Growing awareness concerning the product’s health benefits along with rising consumption of snacks and food products derived from sea vegetables is anticipated to augment the demand for commercial sea vegetables in food applications. Rising health awareness among consumers is one of the major factors driving the growth of the market. Some of the key attributes of commercial sea vegetables are that they are one of the major sources of minerals and vitamins in the human body, once consumed. In addition, seaweeds regulate the estradiol and estrogen levels in the body. Brown seaweeds are one of the major sources of iodine, which is rare in other food items or ingredients. In addition, it is highly important to regulate the estradiol and estrogen levels in the human body. Use of seaweed and its isolates enhances satiety further reducing the postprandial absorption rates of glucose and lipids for human feeding studies that helps in development of anti-obesity foods. Seaweed also forms an important ingredient for development of new food products. The huge volume of cultivation associated with sea vegetables along with low cost of production is a major factor driving the commercial seaweeds market. Low costs and commercial viability is allowing farmers to opt for seaweed production, thereby driving the market. Mercury is one of the most common minerals found in oceans and in ocean fishes. It is present in high quantities in sea vegetables as compared to the amount of mercury consumed by humans in their regular diets. It can result in numerous health issues including anxiety, muscle weakness, skin rashes, numbness in the hands and feet, memory problems, trouble in speaking, hearing, or seeing which is expected to restrain market growth. Download Free Sample Report @ https://www.grandviewresearch.com/industry-analysis/commercial-seaweed-market/request/rs1 Increasing awareness pertaining to the health benefits of the product coupled with increasing demand for foods and snacks derived from commercial seaweed is estimated to boost the human consumption application segment. The swelling demand for marine plant extracts, used as a thickening and gelling agents in the cosmetic and food industries, is also likely to boost growth, primarily in North America and Europe. Further key findings from the report suggest:
The industry in the U.S. was valued at USD 311.4 million in 2020. It was the fastest-growing region in North America owing to the strong presence of application industries. The industry in the U.S. is anticipated to expand further due to increasing awareness regarding the application of the product in the pharmaceutical industry. The consumption of commercial seaweed as food can be traced back to the 4th century in Japan and the 6th century in China. Today, China, Japan, and South Korea are the leading consumers of the product. However, as residents from these countries migrated to other countries, the demand for the product for food has shifted with them, as, for instance, in a few parts of the U.S. along with South America. For centuries, seaweed has been utilized across the globe, and was considered only as a food source for coastal communities decades ago. Apart from its widespread use in many industries, commercial sea vegetables add significantly to the nutritional status of the community owing to its rich composition of macronutrients (calcium, sodium, potassium among others), micronutrients (iodine, iron, zinc among others), and vitamins. The market for commercial seaweed comprises of the upstream producer, vendors, end-users along with other stakeholders and government organizations. Some of the major companies in this market for commercial seaweed are Cargill, Inc.; Roullier Group; E.I. DuPont Nemours and Company; Biostadt India Ltd.; and Compo GmbH and Co. Mergers and acquisitions and joint ventures are the crucial strategies adopted by the majority of these companies to expand their market share. Most of the key industry participants also have their own distribution network to provide product quality in order to gain a competitive advantage in the form of cost benefits with the support of increased profit margin. Grand View Research has segmented the global commercial seaweeds market on the basis of product, form, application: Commercial Seaweed Product Outlook (Revenue, USD Million, 2016 - 2027)
Commercial Seaweed Form Outlook (Revenue, USD Million, 2016 - 2027)
Commercial Seaweed Application Outlook (Revenue, USD Million, 2016 - 2027)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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