Global Commercial Seaweed Market Insights on Future Growth Prospects and Industry Trends Analyzed till 2025

In order to study the various trends and patterns prevailing in the overall market for Consumer Products and Retail, Market Research Reports Search Engine (MRRSE) has included a new report titled “Commercial Seaweed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Commercial seaweed is a kind of macro algae that is found in arctic, tropical and cold water bodies. These type of seaweeds are available in different colors. These are rich in vitamins and mineral content and that somehow expands its demand in different applications ranging from food, healthcare and personal care products. This type of algae are mostly edible thus increasing its application in food industry. Higher consumption of this seaweed increases its harvesting across large number of countries. The market for commercial seaweed is witnessing substantial growth prospective and the market is expected to follow steady growth rate during the forecast period.

Market Research Reports Search Engine estimates that in terms of revenue, the global commercial seaweed market was valued at US$10,570.3 mn in 2016. The market is expected to reach US$26,107.9 mn by 2025, increasing at a CAGR of 10.8% from 2017 to 2025. In terms of volume, the global commercial seaweed market is expected to exhibit a CAGR of 9.9% from 2017 to 2025.

Red Seaweed to Rake in Maximum Share in Global Revenue

The report segments the global commercial seaweed market in terms of product type into red seaweed, brown seaweed, and green seaweed. Of these, the segment if red seaweed held the dominant 52.6% of the overall revenue of the global market in 2016. The segment is expected to retain dominance over the global market in terms of revenue contribution over the report’s forecast period as well. Traditionally used across a number of food recipes, the segment of red seaweed will benefit from the thriving global food industry and the rising popularity of South East Asian cuisines across the globe over the forecast period.

In terms of volume, the segment of brown seaweed held the dominant share in the global commercial seaweed market in 2016 owing to the high supply and easy availability of this variety of seaweed. The segment is expected to exhibit a considerable CAGR during the forecast period and retain its leading position in terms of volume-wise sales. The segment held the second position in terms of revenue contribution to the global market in 2016 and is expected to witness a rise in its global market share by the end of the forecast period.

Global Commercial Seaweed Market: Segmentation

Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. The price for commonly utilized grades of commercial seaweed in each application has been considered, and customized product pricing has not been included. Demand for commercial seaweed has been derived by analyzing the global and regional demand for commercial seaweed in each application. The global commercial seaweed market has been analyzed based on expected demand. Market data for each segment is based on volume and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturers’ feedback. Forecasts have been based on the expected demand from commercial seaweed. We have used the top-down approach to estimate the global commercial seaweed market, split into regions. The product type split of the market has been derived using a top-down approach for each regional market separately, with the global product type segment split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of commercial seaweed of several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio.

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Companies Mentioned in Report

The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report include Cargill Corporation (U.S.), E.I. Du Pont de Nemours and Company (U.S.), CP Kelco (U.S.), CEAMSA (Spain), Acadian Seaplants Ltd. (Canada), Gelymar SA (Chile), Seasol International Pvt Ltd (Australia), Brandt Agricultural Products Ltd (Canada), The Cornish Seaweed Company (U.K.), Leili Group (China).

The global commercial seaweed Market has been segmented into:

Global Commercial Seaweed Market: By Geography

North America
S.
Rest of North America
Europe
Germany
France
K.
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Middle East and Africa (MEA)
UAE
South Africa
Rest of MEA
Latin America (LATAM)
Brazil
Chile
Rest of LATAM
Global Commercial Seaweed Market: By Product Type

Red Seaweed
Brown Seaweed
Green Seaweed
Global Commercial Seaweed Market: By Form

Liquid
Powdered
Flakes
Global Commercial Seaweed Market: By Application

Fertilizer
Animal Feed
Food
Cosmetics
Pharmaceuticals
Others

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This release was published on openPR.