Commercial Seaweeds Market to Witness Rise in Revenues During the Period 2018 - 2028
Verfasser: yogesh on Wednesday, 3 April 2019Persistence Market Research recently published a report, titled 'Commercial Seaweed Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028'. The report has valuated global commercial seaweed market at nearly US$ 13.9 Bn in 2018 and forecasts the market to surpass the value of US$ 19 Bn by the end of 2028. According to PMR’s study, East Asia is expected to remain the largest market for commercial seaweed by the end of 2028.
Global commercial seaweed market is highly fragmented and competitive. Food and beverage manufacturers are expected to consume a higher share of commercial seaweed when compared to other end users such as pharmaceuticals, agricultural products, animal feed additives, and others such as personal care and cosmetics. The demand for commercial seaweed is anticipated to observe stable growth throughout the forecast period (2018–2028), in terms of both, volume and revenue, owing to the presence of various macro and micro nutrients in seaweed.
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Powdered Commercial Seaweed to Register Significant Share in Market Value