The commercial seaweeds market is projected to grow at a CAGR of 9.17% to reach USD 17.59 Billion by 2021. The market growth is driven by increasing awareness about the pharmaceutical uses of seaweeds and growing demand from the European region.
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The report "Commercial Seaweeds Market by Type (Red, Brown, Green), Form (Liquid, Powdered, Flakes), Application (Agriculture, Animal Feed, Human Food, and Others), and by Region - Global Forecasts to 2021", The commercial seaweeds market is estimated to be valued at USD 11.34 Billion in 2016. The market is projected to reach USD 17.59 Billion by 2021 at a CAGR of 9.17% from 2016 to 2021.
Browse 61 market data Tables and 45 Figures spread through 134 Pages and in-depth TOC on "Commercial Seaweeds Market by Type (Red, Brown, Green), Form (Liquid, Powdered, Flakes), Application (Agriculture, Animal Feed, Human Food, and Others), and by Region - Global Forecasts to 2021"
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Application of seaweeds in human food, animal feed, pharmaceuticals, agriculture, cosmetics, production of bio-fuel, and wastewater management has been of importance to the growth of the commercial seaweeds market.
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Hence, commercial seaweeds will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of commercial seaweeds.
Strong product platform provided by red seaweeds segment
Commercial seaweeds can be classified into red, brown, and green seaweeds on the basis of their pigmentation. The demand for red seaweeds is the highest owing to its highest application in human food and production of carrageenan hydrocolloid.
It is followed by brown seaweeds and green seaweeds. The demand for seaweeds is driven by increasing usage of seaweeds for medicinal purposes and growing consumption in the European region.
Significant growth observed in the human food segment
The major applications of commercial seaweeds include human food, animal feed, agriculture, and others which include cosmetics, pharmaceuticals, biomass for fuel, wastewater management, and integrated aquaculture. Commercial seaweeds are majorly used in the food industry.
The production as well as consumption of edible seaweeds is very high in the world, with China as the top producer.
Wide range of application, promotion of environment-friendly products, and high consumption of edible seaweeds key to success in the Asia-Pacific region
China and Indonesia were the largest country-level markets in the Asia-Pacific region in 2015. Increasing awareness about the benefits of commercial seaweeds is leading to the growth of its market in these regions.
Also, large production volume and increased usage of seaweeds in food preparations of Chinese, Japanese, and Korean cuisines have led to increase in the sale of raw as well as processed seaweeds in the Asia-Pacific region. Asia-Pacific dominated the market with the largest share, globally, as these products have been gaining acceptance among organic cultivators as well as industrial domains, with respect to the use of hydrocolloids.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Cargill, Incorporated (U.S.), E.I.
Du Pont de Nemours and Company (U.S.), Roullier Group (France), Biostadt India Limited (India), and Compo GmbH & Co. KG (Germany).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global commercial seaweeds market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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