North America Seaweed Derivatives Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2028 | W Hydrocolloids, Inc., KIMICA Corporation, DuPont de Nemours, Inc.

The North Americaseaweed derivativesmarket is expected to reach US$ 593.39 Mn by 2027 from US$ 328.01 Mn in 2018. The market is anticipated to grow at a CAGR of 6.8% from 2019 to 2027.

Seaweeds are red, brown, and green marine microalgae; their extracts are used in the horticultural crops owing to their plant growth promoting effects. The major derivatives of seaweeds include alginates, carrageenans, and agars, while their chemical derivatives include fatty acids and vitamins, mineral nutrients, phytoharmones, and complex polysaccharides, among others. Alginates are largely extracted from brown seaweeds, while carrageenans and agars are largely extracted from red seaweeds. Alginates, carrageenans, and agars are increasingly being used in food and beverages, animal feed, and agriculture industries, among others.

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The rising demand from the food & beverages industry and health benefits of seaweeds and seaweed derivatives are among the key factors driving the market growth. However, the lack of consumer awareness regarding seaweed derivatives limits the market growth in the region.

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Major Key players covered in this report:

• W Hydrocolloids, Inc.
• KIMICA Corporation
• DuPont de Nemours, Inc.
• Gelymar S.A.
• CP Kelco
• Algaia
• Compañía Española de Algas Marinas, S.A.
• Cargill, Incorporated
• Agarmex, S.A. DE C.V.

NORTH AMERICA SEAWEED DERIVATIVES MARKET SEGMENTATION

North America Seaweed Derivatives Market, by Source

• Red Seaweed
• Brown Seaweed
• Green Seaweed

North America Seaweed Derivatives Market, by Form

• Liquid
• Powder
• Flakes

North America Seaweed Derivatives Market, by End-Use

• Food and Beverages
• Agricultural Products
• Animal Feed Additives
• Pharmaceuticals
• Others

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5. Obtain market revenue forecast for market by various segments from 2018-2027in seaweed derivatives.

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