Commercial Seaweed Market Driven by Favorable trends associated with global pharmaceutical industry
Selbyville, DE -- (SBWIRE) -- 05/08/2020 -- According to Global Market Insights, Commercial Seaweed Market provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Commercial Seaweed industry.
2016 Market Size – USD 45 billion
2024 Forecast Value – USD 87 billion +
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Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
- FMC Corporation
- CP Kelco
- Biostadt India Limited
- Indigrow Ltd
- Arcadian Health Plan
- Algea AS
- Seasol International Pty Ltd
- W Hydrocolloids, Inc.
- Qingdao Seawin Biotech Group Co., Ltd.
- Marcel Carrageenan
- Indigrow Ltd
- Mara Seaweed (Celtic Sea Spice Co.)
- Seaweed Energy Solutions AS
- Pacific Harvest Seafood's Inc.
- Chase Organics GB Ltd.
- Yan Cheng Hairui Food Co., Ltd.
- AQUATIC CHEMICALS LTD
Growing consciousness of consumers on their health, rise in vegetarian population especially in Europe will fuel the demand for seaweeds. The rising demand for seaweeds, in the manufacture of hydrocolloids, such as agar, alginate, and carrageenan are projected to spur the increasing demand for commercial seaweed products in the forecast period. Applications of seaweeds in other end-users like biofuel generation, and effluent treatment & cosmetics are further predicted to accelerate the demand of seaweeds globally over the projected period.
Key Highlights of this report:
Base Year: 2016
Growth Projections – 2017 to 2024
Historical data coverage: 2013 to 2016
Number of Pages – 260
Data Tables – 341
Powder seaweed segment is predicted to gain developed acceptance rate more than liquid seaweed products in industries such as textile, direct food, pharma & medical, food additives among others and will have a growth over 8% CAGR over the coming years. In the agriculture industry, the major use of liquid seaweeds is for the manufacture of liquid fertilizers. As the seaweed products are naturally-derived, they have the qualities to improve the quality of soil, which will in turn improve the agricultural productivity. The demand for liquid seaweeds is anticipated to increase at a notable CAGR, because of their increasing end-user applications like fertilizer sprays.
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1. Increasing demand for seaweeds in food applications
2. Growing demand for eco-friendly fertilizers
3. Rising applications of seaweed hydrocolloids in various end-user industries
In 2016, food additives end-user segment had a substantial market share, and this will continue its dominance throughout the anticipated period. Rising consumption of seaweed-based hydrocolloids for thickening, and gelling applications as food additives, processed meat & poultry products will further drive the commercial seaweed market in the projected period. Animal feed produced from seaweed products acts as a rich source of protein & helps in improving the livestock's health, by helping in increasing milk production, and fertility. Large number of farmers are demanding seaweed products for animal feed especially in Europe & China, thus boosting the demand of seaweed-based animal feed products till the end of 2024.
The Asia market will increase at a CAGR over 8%, during the entire timeframe. Due to rising seaweed cultivation activities, the consumption of seaweed-based products is increasing in developing nations such as Japan, South Korea, and China. The commercial seaweed market in Europe is predicted to increase at second major CAGR till the end of 2024, because of increasing seaweed demand for food additives. North market is also determined to grow at a moderate CAGR for applications in textiles, and food additives end-users.
Commercial Seaweed Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
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At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.