Commercial Seaweed Market

The global commercial seaweed market is expected to grow at a steady pace throughout the forecast period of 2019-2029. The market growth can be primarily attributed to extensive usage in several end use sectors. Furthermore, Commercial seaweeds offer fertilizers, food, nutritional supplementation, as well as valuable phycocolloids such as alginate, carrageenan, and agar that are likely to offer opportunities in the global market.

"The innate attributes of seaweed are furthering several industries in their purest form. The increased applications and direct consumption will attract producers to reap benefits in the approaching years, while the inconsistent production and supply due to environmental aspects will impact the pricing of seaweed in the global market." states Fact.MR report.

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Commercial Seaweed Market - Key Takeaways

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Commercial Seaweeds market during the historical period of 2014 – 2018. The global market for seaweed accounted for ~US$ 10.5 Bn in 2018 and is expected to cross ~US$ 15 Bn by the end of forecast period (2019-2029). Extensive rounds of primary and comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Commercial Seaweed market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Commercial Seaweed market.

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The 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