Commercial Seaweed Market by Technology, Application & Geography Analysis & Forecast to 2029
Verfasser: ashwani_kailiya on Wednesday, 6 May 2020The global commercial seaweed market is set to reach a value of US$ 15 Bn by the end of 2029, as projected by a new study of Fact.MR. Leading producers of commercial seaweed are prioritizing investments for sustainable harvesting to gain traction among the environment-conscious consumer clusters.
“Application base of commercial seaweed continues to expand, generating revenues in the long term. Although a readily consumable product, its inconsistent production and supply scene remains a challenge for pricing of seaweed in market,” says the Fact.MR report.
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Commercial Seaweed Market: Key Findings
Red seaweed accounts for more than 50% of the overall market value, majorly driven by pharma applications.
Increasing use of red seaweed-extracted carrageenan in infant supplements will generate new avenues for revenue.
Emerging economies such as Indonesia, China, and India stand as the key seaweed producers.
Asia Pacific accounts for a whopping 70% market share; developed regions reflect strong potential markets owing to favorable government policies.
Key Driving Factors