Seaweeds are basically marine algae that live suspended in the water column. Some of these are microscopic in nature. Seaweed can be used for industrial applications, as a fertilizer and source of food. Some of these are grown underwater. More than ten thousand species of seaweed reflect its immense diversity. Seaweed can be green, red, or brown marine algae which are commonly raised on beaches and shorelines. These are used in commercial purpose. Liquid seaweeds are mainly used as fertilizers or as a major source of polysaccharides. It can also be used as source of long and short chain chemicals which has medicinal and industrial uses.
MARKET DYNAMICS
Seaweed is widely regarded as a health food due to various nutrients such as magnesium, high iodine, calcium, iron, antioxidant vitamin, and fiber. This factor has been influencing the growth of the seaweed market considering seaweed as a source of food in many regions. Liquid seaweeds are most commonly used in the agriculture sector in order to manufacture fertilizers. Consumption of seaweed powder is rising due to its demand in natural food, textile, pharmacy & medical industries. Liquid seaweeds demand is likely to increase rapidly due to the rise in end-user applications such as fertilizer sprays. Due to its anti-cancer property seaweed are used in the pharmaceutical industry. The Health benefits of seaweed are projected to boost the growth of the market.
MARKET SCOPE
The "Global Seaweed Products Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the seaweed products market with detailed market segmentation by source, product type, end use industry and geography. The seaweed products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading seaweed products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global seaweed products market is segmented on the basis of source, product type and end use industry. On the basis of source the market is segmented into red seaweed, brown seaweed and green seaweed. On the basis of product type the market is segmented into alginate, agar, carrageenan, seaweed meal, seaweed fertilizers and others. On the basis of end use industry the market is segmented into food, pharmaceuticals, feed and agriculture.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the seaweed products market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The seaweed products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting seaweed products market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting seaweed products market in these regions.
MARKET PLAYERS
The reports cover key developments in the seaweed products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from seaweed products market are anticipated to lucrative growth opportunities in the future with the rising demand for seaweed products in the global market. Below mentioned is the list of few companies engaged in the seaweed products market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the seaweed products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- DuPont
- Cargill Inc.
- CP Kelco
- KIMICA Corporation
- W Hydrocolloids Inc.
- Connemara Seaweed Company
- Maine Seaweed, LLC
- Irish Seaweeds
- SHIDAI MARINE BIOTECHNOLOGY CO., LTD.
- Acadian Seaplants Limited
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