The latest report by IMARC Group, titled “Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global seaweed market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global seaweed market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.64% during 2023-2028.
Seaweed refers to numerous species of macroscopic, multicellular marine algae. This plant-like organism grows along rocky shorelines around the world and is divided into three broad groups: red, green, and brown algae. Seaweed is an integral part of marine ecosystems. It is harvested worldwide for myriad uses, with applications ranging from direct consumption as a part of diets, especially in Asian cultures, to utilization in various industries such as cosmetics, pharmaceuticals, agriculture, and biofuel production.
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Seaweed Market Trends:
The rising health consciousness among consumers is prompting an increasing number of individuals to incorporate seaweed into their diets due to its richness in essential nutrients like vitamins, minerals, and antioxidants, primarily driving the growth of the seaweed market. Besides this, the increasing application of seaweed in the bolstering cosmetic industry for its skin-nourishing properties is presenting remunerative growth opportunities for the market. Moreover, the expansion of seaweed farming, especially in Asia-Pacific countries, is another significant factor aiding the market growth, providing a steady supply to meet the burgeoning demand.
In addition to this, the expanding product utilization across the thriving pharmaceutical sector as a source of novel drugs and therapeutic compounds is leading to increased research and product development, aiding in market expansion. Other factors, such as the surging demand for seaweed-based bio-stimulants and fertilizers across the agricultural sectors and the ongoing development of seaweed as a sustainable biofuel source, are impelling market growth.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of the Top Seaweed Companies in the World 2023:
- Acadian Seaplants Limited
- Cargill Incorporated
- DuPont de Nemours, Inc.
- Irish Seaweeds
- Leili
- Mara Seaweeds
- Qingdao Gather Great Ocean Algae Industry Group (GGOG)
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Key Market Segmentation:
Breakup by Environment:
- Aquaculture
- Wild Harvest
Breakup by Product:
- Red
- Brown
- Green
Breakup by Application:
- Processed Foods
- Direct Human Consumption
- Hydrocolloids
- Fertilizers
- Animal Feed Additives
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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