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 are macroalgae or bioresources that are attached to hard substrata in rivers, oceans and lakes, among other water bodies. They are commonly employed in the production of water-soluble carbohydrates that are used in numerous food applications. They are also utilized in the formulation of personal care and cosmetic products as their usage assists in improving moisture retention properties of the skin.
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 global market is majorly driven by the rising preference for organic farming and the growing adoption of natural fertilizers by farmers. Moreover, commercial seaweeds are widely used in the food industry to stabilize food products by forming gels and water-soluble films. Apart from this, they are also used in the formulation of numerous pharmaceutical products that assist in the treatment of rheumatism and osteoporosis. Some of the other factors contributing to the market include the increasing product utilization in wastewater treatment applications and the growing usage of commercial seaweeds in the generation of methane gas.
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Global Commercial Seaweeds Market 2021-2026 Analysis and Segmentation:
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:
Breakup by Application:
- Animal Feed
- Human Consumption
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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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