Commercial Seaweed Market Trends 2024Posted by Prashanth on January 28th, 2020 Market Overview: Commercial Seaweed Market was valued USD XX.XX billion in 2020 and expected to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2025. Seaweed is the collective name given to the plethora of species of macroscopic, multicellular marine algae present in the world’s oceans. The full classification is based on color, and they are segregated as red, brown and green algae. Commercial Seaweed has several applications in human food, pharmaceutical productions, cosmetics, animal feed, agricultural production, alternative fuel source and management of waste among others. The calculations in recent years show that Indonesia is the world’s largest seaweed manufacturer with the Philippines coming a close second. In more specific applications, alginates are often used in wound dressings and the production of dental molds in the medical field. Moreover, applications in microbiology research are found for agar — a plant-based goo similar to gelatin and made from seaweed — is often used as a culture medium. Market drivers and restraints: The expansion of the Commercial Seaweed market is majorly driven by rise in investments from several multinational makers, and extensive Research &Development initiatives have been taken for exploring the applications of seaweeds in numerous fields. Seaweeds are also used on a full scale for human consumption because of their great nutritive value and applications of seaweed in Chinese, Japanese, and Korean cuisines are quite popular providing additional impetus for the market expansion. As for the restraints of the market, the high prices, as well as the fact that the market remains a specialty segment, are the major issued faced by the firm. Report segmented as: By Application:
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Geographical analysis: Based on geography, the worldwide market is analyzed under several regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America leads the Commercial Seaweed Market in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is estimated to expand quickly in the upcoming years as is evident from the high CAGR value for the region. One more promising region for the market in Latin America that is estimated to show huge expansion rates in subsequent years. Important market players: The Commercial Seaweed market is very competitive with a wide number of players. Major market players ruling the market with their products are Cargill, Incorporated. (U.S.), Roullier Group (France), E. I. du Pont de Nemours and Company (U.S.), Gelymar SA (Chile), Biostadt India Limited (India), Acadian Seaplants Limited (Canada), Compo GmbH (Germany), CP Kelco (U.S.), and Seasol International Pty. Ltd. (Australia). The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |