Seaweed Market Insights Competitors, Opportunities, Regional Portfolio, Forecast 2020-2027
Market Overview
The global seaweed
2027 is expected to witness substantial growth over the review period.
Market Highlights
Seaweed is a
natural salt replacer which has anti-inflammatory, antioxidant and
antimicrobial properties that stabilise blood pressure and cholesterol and aid
in the maintenance of digestion and weight. This has boosted the industry's
business growth rate to an elevated level.
For the wellbeing
of individuals and the prosperity of the global economy as a whole, agriculture
is a vital field. In the future, addressing the needs for food and its
productivity requirements is of immense significance due to the growing global
population. These criteria can be accomplished by a number of recent inventions
and developments in support of the agricultural sector, one of which uses
seaweed extract to improve agricultural production. Any of the elements that
come together and drive the market are growing consumer consciousness &
their dedication to purchasing healthier food, educated buyers with strong
expectations and their desire to partake in the purchase of healthy
goods.
Due to the demand
for nutritious foods and alginates, the Seaweed Market Insights are rising at a gradual rate of growth.
It has opened up new business possibilities for industry companies to enter the
unexplored market horizons with increasing customer health consciousness and
pursuit of healthier qualities and related shopping habits. The market for
seaweed is expected to be driven by increased demand for natural food extracts
that have health benefits. As a primary ingredient, high demand for nutritious
foods and alginates in food products impacts the development of the market for
seaweed. Seaweed is used in the food industry and has a wide variety of uses in
the pharmaceutical industry dependent on the product's anti-cancer properties.
Advances in food science have continued to boost market share through the
extraction and use of beneficial seaweed compounds..
Segmental Analysis
Seaweed,
comprising Brown Seaweed, Green Seaweed, and Red Seaweed, has been segmented
based on type. Due to its high antioxidant concentration, Red Seaweed is found
to hold a significant share.
Based on the form
comprising Powder, Liquid, Flakes, Others, Seaweed has been segmented.
Seaweed's liquid form holds a lion's share based on the product's improved
shelf life.
Due to convenience
use and high shelf-life, the share held by liquid followed by powder form is
found to increase based on the form of seaweed.
Seaweed, which
includes the textile industry, food, paper and pulp, welding rods,
pharmaceuticals, personal care products, and others has been segmented on the
basis of end use. A significant share is found in the food industry, followed
by personal care products..
Regional Overview
North America,
Europe, Asia Pacific, and the rest of the world (ROW) are split into the Global
Seaweed Market.
The Asia-Pacific
region, followed by North America, has the biggest market share. The developing
economy has led to an increase in disposable income, which is projected to
generate high revenue in the Asia-Pacific region during the forecast period.
Changing the lifestyle of the consumer backed by reason as seaweed is healthy
food will increase its sales during the forecast period across different
regions. Based on the increase in consumer health awareness, imports and
exports are likely to increase in developed countries.
In the Seaweed Market Outlook, the United States, Mexico and Canada are
poised to witness a high growth rate. The per capita consumption of carrageenan
is anticipated to increase by 50% over the next few years due to market
penetration.
Competitive
Dashboard
The key players
profiled in the Global Seaweed Market are P.L.Thomas and Co.,
Inc (U.S.), Cargill Foods (U.S.), Ingredients Solutions, Inc.
(U.S.), Snap Alginates (India), Arthur Branwell & Co., Ltd
(U.K.), Polygal Ag (Switzerland), Kimica Alginates (Japan)
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