Market Research Report
The global 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 and lastly the market is studied across key regions North America, Europe, Asia Pacific, Latin America and Rest of the world. The global market is estimated and forecasted in terms of revenue (in USD million) generated by the seaweed market form 2018 to 2024. The global market is estimated to grow at a compound annual growth rate between 5.5% to 6.5% during the 2019 to 2024. Asia Pacific is the largest market of seaweed globally accounted more than 55% of market share in 2017. However North America is the fastest growing region for seaweed applications.
The global market is driven by factors such as increasing use of seaweed in to various herbal products, raising awareness of use of various species of seaweed in to food and feed applications, high volume of seaweed consumption in to hydrocolloid production, European countries are harvesting and consuming the seaweed etc. However the major restraints of the market are excessive consumption of seaweed may led to health issues, lack of awareness of harvesting various species of seaweed etc.
The report includes in depth analysis of market drivers, restraints, market trends and competitive landscape across various geographies. The competitive landscape section includes all market deals of last 2 years of seaweed market. It includes new product launches, mergers and acquisitions, joint ventures, agreements etc.
The market size is estimated and forecasted from 2018 to 2024 by utilizing the fundamental inputs gathered from comprehensive data extraction of both free and paid sources which are further validated by primary interviews and various macro-economic factors which affects the market. Market data extraction was not limited to seaweed market but also extracted for all related markets which affects or influences the seaweed market to see relative growth. Free sources were used for data extraction like association, standardization institutions and key company websites, annual reports, journals etc. Paid sources such as Factiva, Bloomberg, One Source etc. were also used
The key companies of the market Acadian Seaplants Limited (ASL), Algaran seaweed products, Biostadt India Limited, CP Kelco, Cargill, DuPont, Lonza, Ocean harvest technology, TBK Manufacturing Corp., Travena, West coast marine bio-processing corp. etc. are profiled in the report. Each company profile includes company financials, detailed product portfolio and recent developments
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