A recent report published by
Infinium Global Research on commercial seaweeds market provides in-depth
analysis of segments and sub-segments in the global as well as regional
commercial seaweeds market. The study also highlights the impact of drivers,
restraints and macro indicators on the global and regional commercial seaweeds
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global commercial
seaweeds market. According to the report the global commercial seaweeds market
is projected to grow at a CAGR of 7.5% over the forecast period of 2018-2024.
Seaweed or macroalgae refers to
several species of macroscopic, multicellular, marine algae. It includes some
types of red, brown, and green macroalgae. Seaweeds are a rich source of
multiple compounds such as polysaccharides, proteins, and phenols. The commercial seaweeds market is segmented into red, brown, and green seaweeds on the basis
of their pigmentation. Seaweed has several applications such as food, animal
feed, pharmaceuticals, and fertilizers. 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.
Growing product application of
seaweed in several sectors as fertilizers, animal feed, and healthcare and
medical sectors are enhancing the demand for seaweed in the global market.
Furthermore, the growing popularity of seaweed extracts such as agar, carrageenan,
and alginate is also likely to drive the commercial seaweed market. The major
applications of commercial seaweeds include human food, animal feed, and
agriculture. Additionally, its application in other sectors as cosmetics,
pharmaceuticals, biomass for fuel, wastewater management, and integrated
aquaculture is expected to boost the growth of this market. Rising demand for
seaweed-derived food products is estimated to boost industry growth over the
next few years.
Geographically, the Asia-Pacific is
the largest regional market of commercial seaweeds. Its market is anticipated
to expand further at a good CAGR during the forecasted period. The growth in
the seaweed market is primarily attributed to increased demand and production
from countries such as Japan, China, South Korea, and Indonesia. Increasing
product demand in the regional food industry is projected to propel the
Asia-Pacific market at a good place in the near future. This region is
estimated to expand further due to increasing awareness about the use of
commercial seaweed in the pharmaceutical sector.
The report on the global commercial
seaweeds market covers segments such as type, form, and application. On the
basis of type, the global commercial seaweeds market is categorized into red,
brown, and green. On the basis of form, the global commercial seaweeds market
is categorized into powder, liquid, and flakes. On the basis of application,
the global commercial seaweeds market is categorized into human food, animal
feed, agriculture, pharmaceutical, and others.
The countries covered in the
North America region include the U.S., Canada, and Mexico; while the
Asia-Pacific region includes countries such as China, Japan, India, South
Korea, Malaysia, and among others. Moreover, Germany, the U.K., France, Spain, and the rest of Europe are the major markets included in the European region. The U.S.
drives the growth in the North America region, as it is the largest market in
the region. In the Asia-Pacific region, rapid industrial growth in India and
China offers a substantial potential for growth in the commercial seaweeds
market. As a result, the APAC region is projected to experience growth at a
CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of
the companies in the global commercial seaweeds market such as The Cornish
Seaweed Company, Indigrow Ltd., Chase Organics GB Limited, West Coast Marine
Bio-Processing Corp., Seasol International Pty. Ltd., Brandt Consolidated,
Inc., CJ CheilJedang Corporation, DowDuPont Inc., GimMe Health Foods LLC, and
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the global commercial seaweeds market. Moreover, the IGR-Growth Matrix
analysis given in the report brings an insight into the investment areas that
existing or new market players can consider. The report provides insights into
the market using analytical tools such as Porter's five forces analysis and DRO
analysis of the commercial seaweeds market. Moreover, the study highlights current
market trends and provides forecast from 2018-2024. We also have highlighted
future trends in the commercial seaweeds market that will impact the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
This report will help manufacturers, suppliers, and distributors of the
commercial seaweeds market to understand the present and future trends in this
market and formulate their strategies accordingly.