iCrowdNewswire Feb 17, 2021 8:45 AM ET
The Seaweeds are defined as the group of photosynthetic non-flowering plant like organism called microalgae which live in the sea. These are classified into three major groups such as red brown, and green seaweed. Also, they find their applications in animal feed, biofuels, fertilizers, and wastewater treatment, which further support the seaweed industry growth.
The rise in awareness towards health benefits of seaweed and its commercial use in various end use industries are expected to boost the global seaweed market growth over the forecast period. Furthermore, various countries across the world, have adopted commercial harvesting operations will positively influence the market growth. Also, the rise in demand for seaweeds as human feed and in the manufacturer of hydrocolloids like alginate, agar, and carrageenan are anticipated to propel the growth of global seaweed market. Moreover, the rise in seaweed farming practices across the globe will support the market growth in near future.
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Lack of financial support, government engagement, and improper marine spatial plans are major restrain factors expected to hinder the global seaweed market growth. Also, toxicity associated with the consumption of seaweeds and natural calamities will limit the global seaweed market growth during this forecast period.
The Global Seaweed Market is segmented into product such as Red, Brown, and Green. Further, market is segmented into application such as Hydrocolloids, Fertilizers, and Animal Feed Additives. Also, the global seaweed market is categorized into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key operating players are discussed in global seaweed market report are Cargill Inc., DuPont, Groupe Roullier, Maine Coast Sea Vegetables, Chase Organics, Annie Chun’s Inc, Irish Seaweeds, GimMe Health Foods, Qingdao Gather Great Ocean Algae Industry Group, and Mara Seaweed.
- Animal Feed Additives
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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