January 03, 2020
According to the research report titled ‘Commercial Seaweed Market Size By Product (Red, Green, Brown), By Form (Wet, Dry), By End User (Food, Animal Feed, Pharma & Personal Care, Biofuels), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Norway, Ireland, China, India, Japan, Indonesia, South Korea, Thailand, Brazil, Chile, South Africa, Saudi Arabia, Oman, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global commercial seaweed market is expected to exceed USD 92 billion by the year 2025.
Growing worldwide population and increasing food demands are major factors driving the commercial seaweed market growth. Rising concerns over reduction in fertility of soil is compelling the adoption of sustainable agriculture practices, which in turn is stimulating the industry outlook. Seaweed is an ecofriendly fertilizer that contains 1.2% nitrogen and helps to improve the composition of soil for enhancing plant growth and yield. Thus, escalating demand of improving agriculture output, in tandem with shifting inclination towards organic and sustainable farming techniques are aiding the expansion of commercial seaweed market.
As per product type, commercial seaweed market is categorized into brown, green, and red seaweeds. The report claims that brown and red seaweeds combinedly hold 70% volume share of market, owing to their extensive application across food and pharma industries.
By form, dry commercial seaweed market is expected to be worth USD 70 billion by the year 2025, due to its widespread use in food and pharmaceutical applications. However, the wet product segment will expand with a CAGR of 7% between 2019 and 2025.
In terms of end-user, commercial seaweed market from food segment is projected to accrue USD 25 billion by the year 2025, owing to increasing consumption of seaweed to enhance the agricultural yield. The product is also consumed as staple food across Korea, China, and Japan, which is amplifying the segmental share.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/859968/
Considering the geographical landscape, Europe commercial seaweed market is estimated to accumulate USD 17 billion by the year 2025. Increasing consumer awareness regarding the advantages of seaweed is contributing towards the popularity of the product across the region. Moreover, inclusion of people from China and Japan into regional demographics will propel the Europe commercial seaweed market outlook.
Mara Seaweed, Yan Cheng Hairui Food Co., Ltd., Pacific Harvest, Chase Organics GB Ltd., Indigrow Ltd., CP Kelco, and Seasol International are some of the prominent companies operating in commercial seaweed market.
Frequently Asked Questions (FAQ) :