Commercial Seaweed Market share to exceed $87 Bn by 2024

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Commercial Seaweed Market to witness growth of
87 Bn By 2024 Global Market Insights Inc.
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Key Insights from Commercial Seaweed Market

• Commercial Seaweed Market size is forecast to
  exceed USD 87 billion.
• 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.
• Unstable prices of seaweeds in their wet form,
  act as a major restraint to the growth of global
  market over the forecast period. The prices of
  seaweeds in their wet form vary frequently
  dependent on numerous aspects, such as
  production, environment, and improper
  distribution in some particular regions.
• 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.

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Continued...

• 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 livestocks 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.
• Significant global players in global market are
  Aquatic Chemicals, Seasol International, Indigrow
  Ltd., Algea AS, Yan Cheng, Pacific Harvest, Chase
  Organics GB Ltd., Mara Seaweed, Acadian Seaplants
  Ltd., CP Kelco, and others.

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U.S. Commercial Seaweed Market Size, by
End-Users, 2013 - 2024 (USD Million)

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