Market Research Report
Global seaweed market is estimated to grow at a compound annual growth rate between 5.5% to 6.5% during the 2019 to 2024. Seaweed market can be segmented by type such as, red seaweeds, brown seaweeds and green seaweeds. Furthermore, the market is segmented by applications such as, human consumption, fertilizers, animal feed additives, medical applications, biotechnological applications and others.
Global microalgae market estimated to grow between at a CAGR 8.0% to 9.0% during the forecast period 2018 to 2023. The global market can be segmented on the basis of Type of Algae, Applications and Country/ Geography. By type of algae, the market is segmented as Spirulina, Chlorella, Dunaliella and Others. The major applications of the microalgae are dietary supplements, food and animal feed and others (bio fuel etc.).
Global algae product market is segmented based on the nutritional value, type, application and geography. Based on the nutritional value, the market is segmented into high value products, medium value products and low value products. On the basis of type, the market is segmented into Eucheuma, Laminaria Japonica, Gracilaria, Undaria Pinnatifida, Porphyra and others. The market for algae products is anticipated to expand at a CAGR of 5.7% during the forecast period .
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