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The Global Commercial Seaweed Market was valued at USD 18.4 billion in 2021, and it is expected to reach a value of USD37.8 billion by 2028, at a CAGR of 10.7% over the forecast period (2022 – 2028). The study offers a current market analysis of the Commercial Seaweed market, including the latest trends, drivers, and market environment.
The use of hydrocolloids like carrageenan, alginate, and agar in food, animal feed, pharmaceuticals, and other sectors has expanded during the past several years. The demand for commercial seaweed has increased as a result, and algae production has increased. Additionally, the health advantages of doing so are influencing consumers to incorporate macro algae products into their normal diets. Methane is produced during the fermentation process with the assistance of microbes. Methane gas is thus produced and utilized to power gas engines, which in turn produce electricity. Furthermore, a range of calibers is made available by the co-extrusion process used with commercial seaweed. Improvements to preservatives, thickeners, and gums have been made possible by key industry participants’ ongoing R&D investments. Due to significant developments in the possible uses for seaweed, the market is anticipated to expand more swiftly between 2020 and 2028.
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Read the market research report, ” Global Commercial Seaweed Market By Type (Red Seaweed, Brown Seaweed, Green Seaweed, Other ), By Form (Powder, Flakes, Liquid ), By End-Uses (Food and Beverage, Agriculture, Animal Feed Additives, Pharmaceuticals and Cosmetics, Personal Care ) & By Region – Forecast and Analysis 2022-2028” by SkyQuest
By 2026, Asia Pacific will hold the largest market share for commercial seaweed, with a value of USD 10.73 billion. The region’s macroalgae market is expanding as a result of rising food service demand. In the next years, market growth is also anticipated to be fueled by consumers’ growing preference for plant-based cosmetics and personal care products. Considering the region’s growing preference for plant-based goods, North America is predicted to increase significantly. North America was controlled by the U.S. seaweed market. The demand for plant proteins across a variety of food products has grown due to the expanding popularity of vegan and vegetarian diets in the area.
The region’s algae cultivation and harvesting market is anticipated to rise as a result of ongoing breakthroughs and technological advances. In comparison to other areas, the European market is anticipated to have consistent expansion. Chlorella and spirulina, two edible seaweeds, are helping Europe profit from the growing demand for plant-based proteins. Diverse seaweed pharmaceutical industry providers from the emerging nations of APAC are taking advantage of the need for high-quality and natural supplements in the area. The Middle East and Africa’s market is still in their infancy. One of the key aquaculture products in South Africa is green algae. The market is anticipated to increase steadily due to the increasing demand for green algae.
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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
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SkyQuest has segmented the Global Commercial Seaweed Market based on Type, Form, End-Uses, and Region:
Key Players in the Global Commercial Seaweed Market
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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