Commercial Seaweed Market to Witness Growth Acceleration During 2019 2029

The global market for seaweed accounted for ~US$ 10.5 Bn in 2018 and is expected to cross ~US$ 15 Bn by the end of forecast period (2019-2029). Seaweed cultivation has been expanding rapidly for its use in pharmaceuticals, nutraceuticals, antimicrobial products, and biotechnological applications. The recent statistics suggest an increase in red seaweed production worldwide because of the increased demand in multiple verticals. The red seaweed, Kappaphycus alvarezii is the major source of carrageenan, a hydrocolloid used as a stiffening and stabilizing agent in food, cosmetics, pharmaceuticals and others. Countries like New Zealand and Alaska are expected to show remarkable growth in seaweed commercialization as their local grants are expanding seaweed production.

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The Commercial Seaweed Market study outlines the key regions North America, Latin America, Europe, East Asia, Japan alongwith the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Du Pont de Nemours & Co., Cargill Inc., Yan Cheng Hairui Food , CP Kelco

The commercial seaweed market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing commercial seaweed?
• How does the global commercial seaweed market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2029?
• What innovative products are being introduced by the players in the global commercial seaweed market?
• Which regions are showing the fastest market growth?

On the basis of product, the commercial seaweed market study consists of

• Red
• Green
• Brown

On the basis of end use, the commercial seaweed market study incorporates:

• Direct Consumption
• Textiles
• Food Additives
• Pharma & Personal Care

Crucial insights in the commercial seaweed market research:

• Underlying macro- and microeconomic factors impacting the growth of the commercial seaweed market.
• Basic overview of the commercial seaweed, including market definition, classification, and applications.
• What are COVID-19 implication on Commercial Seaweed Market and learn how businesses can respond, manage and mitigate the risks?
• Scrutinization of each commercial seaweed market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of commercial seaweed across various industries.
• Important regions and countries offering lucrative opportunities to commercial seaweed market stakeholders.

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