Seaweed Extracts Market Expects Rapid Growth In The Consumption Of Seaweed Nutritions And Usage Of Seaweed Fertilizers Which Ultimately Boost Demand For Seaweed Extracts
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According to the market research report “Seaweed Extracts Market: By Application (Dietary Supplements, Food & Beverages, Animal Feed, Healthcare & Life Sciences, Agriculture); By Form (Tablets, Powder, Liquid, Flakes) & By Geography – Forecast (2016-2021)”, published by IndustryARC, estimates a huge demand for Seaweed and its extracts due to the manifold benefits.
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Seaweed Extracts Market deals with developing, supplying, and exporting of Seaweed Extracts. Seaweed is a plant that is generally found in coastal areas.
Seaweed belongs to one of the following groups of algae termed as red algae, green algae, or brown algae.
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The red alga is most abundant algae used in food applications. Seaweed extracts exist in three forms including liquid, powder, and flakes.
Seaweed Extracts Market is now gaining demand due to its benefits. It is used in agriculture, consumed as a food, and also used in personal care products.
Coming to seaweed extract fertilizer benefits, seaweed extract fertilizers have often found to be more successful than chemical fertilizers. These are mostly used in plant cultivation to improve the crop’s inbuilt strength and yield the crop with reduced cost.
Scope & Regional Forecast of the Seaweed Extracts Market
Seaweed Extracts Market is expected to witness the fastest growth due to the growing awareness of the medical benefits that seaweed provide coupled with increasing human consumption of seaweed derived snacks and food. Also the huge demand for green seaweed and seaweed leaves which are used as thickening and gelling agents in the food and cosmetic industry are projected to boost market growth.
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As far as the seaweed nutritions are concerned, Seaweed Extracts Market is widely analyzed in the recent past as the edible seaweed plays major role in food sector as thus triggers the growth rate. Many picky eaters are now eating seaweed than vegetables.
Also Seaweed compost tea became new found love for tea lovers across the globe. These factors gave a leap to the seaweed extracts market altogether.
However, the new major restraint for the market is lack of awareness among farmers related to the way of making seaweed fertilizers. It’s harvesting may impact marine and coastal environment.
North-America stood in the front line in Seaweed Extracts Market with highest demand while Europe and Asia-Pacific took subsequent and penultimate positions respectively. Especially Indonesia and China are projected to experience vigorous growth followed by Japan.
Rest of the World took a back seat this time.
Segmentations & Key Players Involved in the Seaweed Extracts Market
The Seaweed Extracts Market can be broken down into various segmentations on the basis of -
- Form: Tablets, Powder, Liquid, Flakes, and Others
- Application: Food & Beverages, Dietary Supplements, Healthcare & Life Sciences, Filtration, Agriculture, Cosmetics, and Others
- Geography: North-America, Europe, Asia-pacific, and Rest of the World
Some of the key players involved in the Seaweed Extracts Market are as follows:
- Algaran Seaweed Products (Ireland)
- AJ Productions (Australia)
- Travena (U.K.)
- West Coast Marine Bio-Processing Corp (Canada)
- Saosis Biotech Private Limited (India)
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Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 – 2021, to assess how the market will develop.
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