Market Overview

The increasing sale of Commercial Seaweed is driven by its diverse application across various industries such as food, paper, and textile and in personal care products. Rising preference for organic fertilizers in the present scenario is considered a major driver for the product. Advancement in technology in developed regions has led to the innovation resulting in providing high shelf-life of the seaweed forms which has supported its production globally. High focus on research and development of the food industries has influenced the positive growth rate of the market. The consumption of Commercial Seaweed is found to be high in Asia-Pacific and is evaluated to increase at a positive growth rate in various countries of North America. 

Market Analysis

The global Commercial Seaweed Market is likely to grow at a notable CAGR between 2017- 2023, according to the recent Market Research Future (MRFR) report. Seaweeds or macroalgae are different species of multicellular, macroscopic, and marine algae that grow in rivers, lakes, sea, oceans, and other forms of water bodies. These are obtained from wild harvest or aquaculture. Owing to its various health and functional benefits, seaweeds have extensive applications in dietary supplements, bio-refining, wastewater treatment, pharma products, and food & beverages. Red seaweed, green seaweed, and brown seaweed are the different types of seaweed. These are available in flakes, liquid, powder, and other forms. 

Various factors are adding to the global Commercial Seaweed Market share. These factors, as per the new MRFR report, include technological advances in the food sector, increasing use in the pharmaceutical industry for its anti-cancer property, growing demand for natural food extracts that imparts health benefits, burgeoning demand for alginates and nutritional foods in food products, and growing demand for snacks that are derived from seaweed. Additional factors adding market growth include increasing use of alginate in the medical sector, growing awareness of consumers about the nutritional benefits of Commercial Seaweed, and increasing consumption for bio-refining. 

Latest Industry Updates

January 2017, New Frontier Foods, manufacturer of Ocean's Halo seaweed products, plans to expand its product line and manufacturing capabilities.

January 2017, Austin-based Seaweed Bath Co. has launched facial skin care products based on seaweed ingredients

March 2016, The National University of Singapore's (NUS) Science faculty and the YGC Group Singapore collaborated and signed an agreement to launch a new drink made with eucheuma, a type of seaweed found commonly in South-east Asian seafloors

February 2012, Seakura Ltd. launched a new line of organic seaweed products majorly targeting European consumers.

Regional Analysis

Based on the region, the global Commercial Seaweed Market covers the recent trends and growth opportunities across Europe, the Americas, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. Factors fuelling the market growth include increasing disposable income due to developing economy, changing lifestyle of consumers, growing demand for healthy food, increase in health consciousness, and increase of import and export of Commercial Seaweed in developed countries. 

The global Commercial Seaweed Market in North America is predicted to grow at a quick rate over the forecast period for the rising adoption of seaweeds in the food industry. The US is the chief contributor in the region for the increasing industrial application of seaweeds coupled with the growing awareness regarding its functional properties to improve the nutritive value in food and its use as feed additives. 

The global Commercial Seaweed Market in Europe is predicted to have significant growth over the forecast period for its burgeoning demand from the food and healthcare industries. Besides, increased cultivation of seaweed in the UK, France, and Ireland are also adding market growth. 

Global Commercial Seaweed Market – Segments

The global Commercial Seaweed Market has been divided into shape, type, distribution channel, and region.

On The Basis Of Type: Brown Seaweed, Green Seaweed, Red Seaweed

On The Basis Of Form: Powder, Liquid, Flakes, Others

On The Basis of End Use: Textile Industry, Food, Paper and Pulp, Welding Rods, Pharmaceuticals, Personal Care products, and Others

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

Browse Full Report @ https://www.marketresearchfuture.com/reports/seaweed-market-2935

Key Players

Leading players profiled in the global Commercial Seaweed Market include Kimica Alginates (Japan), Polygal Ag (Switzerland), Arthur Branwell & Co., Ltd (U.K.), Snap Alginates (India), P.L.Thomas and Co., Inc (U.S.), Ingredients Solutions, Inc. (U.S.), and Cargill Foods (U.S.). Industry players have adopted strategies such as joint ventures, R&D, mergers, acquisitions, and new product development to stay ahead in the competition. 

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