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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Multiple Applications of Seaweed Likely to Stimulate Market Growth
Seaweeds have several applications that are expected to drive the global commercial seaweed market. Rich in fibre, minerals, iodine and umami flavour, seaweeds are a natural salt substitute, offering a salty taste with about 70% less sodium. Seaweed may be used in food in several ways.
Seaweeds are a good source of protein, fibre and bioactive compounds that exert positive effects on gut microflora. Seaweed can enhance nutritional value, including iodine, of meat and dairy products, and increase tenderness and storage stability, with no negative effect on flavour. Kelp for cattle can decrease methane in livestock, cutting down greenhouse gas emissions.
Seaweed bioplastics degrade quickly and do not carry micro-plastics and toxic chemicals. These may be employed to manufacture sealable films, sachets, bags, nets and other items. Seaweeds help decrease energy and water consumption by the textile industry, producing durable fabrics that may be readily recycled. Seaweeds are also used in many cosmetic items, nutraceuticals, and medicines.
Commercial Seaweed Market Report Snapshots
Commercial Seaweed Market Size
Commercial Seaweed Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global commercial seaweed market is projected to grow at a CAGR of 9.8% between 2024 and 2032.
The major drivers of the market include the growing technological developments in cultivating seaweed, growing consumer awareness regarding the benefits of nutritional food, increasing product demand in the regional food industry, and rising consumption of organic and non-GMO ingredients.
The multiple applications of seaweed, including food, cattle feed and cosmetics and the rising investments in application segments, including animal feed and agriculture are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of commercial seaweed are brown seaweed, red seaweed, and green seaweed, among others.
Based on form, the market is classified into liquid and powdered, among others.
The major applications of the market are agriculture, animal feed, food and beverages, among others.
Seaweeds are used as human foods, cosmetics, fertilisers, and to extract industrial chemicals and gums. They may be utilised as a source of long- and short-chain compounds for both industrial and medical applications.
Off the shores of China, Indonesia, the Philippines, South Korea, and Japan, vast sea-based farms produce a significant portion of the world's seaweed. Most of this seaweed is dried (or occasionally blanched) and used for food, animal feed, and industrial uses like thickeners for toothpaste.
Red seaweeds are an excellent vegetarian source of complete protein since they have all the key amino acids that the body needs. Iodine, which supports healthy thyroid function, can also be found in red seaweeds.
The major players in the industry are Cargill, Incorporated., Seasol International Pty Ltd., Indigrow Ltd., IFF Nutrition & Biosciences (Dupont), and Acadian Seaplants Limited, among others.
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