Market Research Report
Seaweed are grown in the shallow waters and are also called macrophytic algae or microalgae. It is also a natural alternative for salt, which demonstrates antioxidant, antimicrobial, and anti-inflammatory properties that are required to control the blood cholesterol levels and control blood pressure. They are available in various forms and their extracts are used widely across the food, feed and fertilizers industry verticals. Seaweed provides excellent health benefits by improving digestion and weight management and are rich in omega-3 fatty acids, dietary fibre, necessary amino acids, and vitamins A, B, C, and E. Furthermore, they consist of various important minerals such as Calcium, Iodine, Iron, Copper, Selenium, Magnesium, Manganese, and Zinc. Seaweed are rich in phytonutrients, including sulphated polysaccharides that have anti-inflammatory, antiviral etc.
The global seaweed market is segmented on the basis of type, application, and region. On the basis of type the seaweed market is segmented into, red, brown and green seaweeds. The red seaweed are rich source of antioxidant. Further the market is segmented by applications such as, human consumption, fertilizers, animal feed additives, medical applications, biotechnological applications.
The report studied across various countries of key regions such as, North America, Europe, Asia Pacific, Latin America and Rest of the world. The global market of seaweed is estimated and forecasted from 2018 to 2024 in terms of revenue (USD million) and volume (KT). Seaweed market is expected to raise at a compound annual growth rate between 5.5% to 6.5% during the 2019 to 2024 globally. Asia Pacific is the largest market of seaweed globally accounted for more than 55% of market share in 2017. However North America seaweed market is anticipated to grow at a higher growth rate during the forecast period.
Seaweed market is driven factors such as, increasing use of seaweed in to various herbal products and raising awareness of use of various species of seaweed in to food and feed applications. Also, 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 major key companies which dominates the global seaweed market are, Irish Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), Annie Chuns Inc., Cargill Inc., DuPont, Groupe Roullier, Chase Organics, GimMe Health Foods, Maine Coast Sea Vegetables, and Mara 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.
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