According to the latest report by IMARC Group, titled “Commercial Seaweeds Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the global commercial seaweeds market grew at a CAGR of around 8% during 2015-2020 and expects the market to exhibit moderate growth during the next five years.
Commercial seaweeds refer to macroalgae attached to hard substrata in lakes, rivers, oceans, and several other water bodies. They are extensively used to produce water-soluble carbohydrates, which further find widespread applications in the food and beverage sector to increase the viscosity of aqueous solutions. They also help in enhancing the skin moisture retention properties of cosmetic products, such as lotions and creams. Moreover, due to the rich fiber content, commercial seaweeds are used as a soil conditioner and can be watered or applied directly around the plant root areas.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Commercial Seaweeds Market Trends:
The increasing consumption of seaweed as dietary supplements is primarily driving the market growth. Furthermore, seaweeds are rich in bioactive compounds and have antimicrobial and antioxidants properties, which make them suitable for several medicinal purposes. Moreover, the expanding food and beverage (F&B) industry is increasingly adopting commercial seaweeds to stabilize ice creams, form gels, and produce water-soluble films. Additionally, the growing application of commercial seaweed as a thickening agent in the textile industry is also catalyzing the product demand. Besides this, as seaweeds can absorb heavy metal ions, like cadmium and zinc, from polluted water, they are gaining widespread traction in wastewater treatment plants across the globe. This is anticipated to further propel the global commercial seaweed market in the coming years.
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Global Commercial Seaweeds Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Acadian Seaplants Limited, Algaia SA (Maabarot Products Ltd.), Biostadt India Limited, BrandT Consolidated Inc., Cargill Incorporated, COMPO Expert GmbH, CP Kelco U.S. Inc. (J.M. Huber Corporation), DuPont de Nemours Inc., Gelymar S.A., Indigrow Ltd., Lonza Group AG, Seasol International Pty. Ltd. and TBK Manufacturing Corporation.
The report has segmented the market on the basis on on region, product, form and application.
Breakup by Product:
- Brown Seaweeds
- Red Seaweeds
- Green Seaweeds
Breakup by Form:
- Liquid
- Powdered
- Flakes
Breakup by Application:
- Agriculture
- Animal Feed
- Human Consumption
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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