This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 to 2022 of the global commercial seaweeds market, which identifies the prevailing opportunities.
Portland, OR -- (SBWIRE) -- 07/27/2017 -- The commercial seaweeds market in this report is classified into type, form, application, and geography. The market for commercial seaweeds is driven mainly by increase in awareness about the benefits and medicinal uses of these seaweeds. Commercial seaweeds are used in many applications such as animal feed, human food, agriculture, and pharmaceuticals due to their thickening and gelling properties. In addition, they have various nutritive values and therefore used in various industries.
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Based on type, the commercial seaweeds market is segmented into red, brown, and green. Red commercial seaweeds have the largest market share in 2015 due to increase in use of these seaweeds in the human food and production of carrageenan hydrocolloid. The red and brown commercial seaweeds are used to produce three hydrocolloids namely agar, alginate, and carrageenan. Based on form, the market is divided into powder, liquid, and flakes. Based on application, the market is segmented into human food, animal feed, agriculture, pharmaceutical, and others.
Based on geography, the market is classified into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the largest market in terms of both volume and value in 2015. The market for commercial seaweeds in Asia-Pacific region is expected to grow at the highest CAGR due to increase in awareness about the benefits of commercial seaweeds in this region. Regional markets are further split into key countries in this study. The key strategies adopted by companies are new launches, expansions, acquisition, and mergers. Key players profiled in this report include E.I. Du Pont de Nemours and Company, Biostadt India Limited, Roullier Group, Cargill, Incorporated, Seasol International Pty. Ltd, Gelymar, and others.
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KEY MARKET SEGMENTS:
- Human Food
- Animal Feed
- Rest of Europe
- Rest of Asia-Pacific
- Rest of LAMEA