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Seaweed derivatives Sales Are Projected To Reach USD 5704.2 million by 2032 | Gelymar S.A., CP Kelco, ALGAIA, Cargill

03-16-2023 06:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

Seaweed Derivatives Market

Seaweed Derivatives Market

The global seaweed derivatives market was valued at USD 2210.4 million in 2022 and it is anticipated to grow further till USD 5704.2 million by 2032, at a CAGR of 9.9% during the forecast period.

Seaweed derivatives are substances that are extracted from seaweed. These substances can be used for a variety of purposes, including as food additives, cosmetics, and pharmaceuticals. Seaweed derivatives are often rich in nutrients, minerals, and antioxidants, which makes them beneficial for human health. Some of the most common seaweed derivatives include agar, carrageenan, alginate, and nori.

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Market Drivers and Trends

There are a few key drivers of the seaweed derivatives market. The first is the increasing demand for seaweed-based products, due to the health benefits associated with seaweed consumption. This has led to an increase in the production of seaweed-based products, which in turn has driven up the demand for seaweed derivatives.

Another key driver of the seaweed derivatives market is the rising awareness of the environmental benefits of seaweed cultivation. Seaweed cultivation requires no fresh water or arable land, and can help to mitigate the effects of climate change. This has led to an increase in investment in seaweed cultivation, and has resulted in more seaweed being available for use as a raw material for derivatives.

Finally, the increasing popularity of sushi and other Japanese cuisine has led to a greater demand for seaweed derivatives in the West. This is due to the fact that seaweed is a key ingredient in sushi rolls, and is also used to wrap other Japanese dishes.

Market Restraints and Challenges

The main restraints and challenges in the seaweed derivatives market are the lack of awareness about the potential applications of seaweed derivatives and the limited availability of raw materials. Other challenges include the high cost of processing and the lack of standardization.

Lack of awareness about the potential applications of seaweed derivatives is a major challenge faced by the market. Seaweed derivatives have a wide range of applications in food, cosmetics, and pharmaceuticals. However, most people are not aware of these applications. This lack of awareness is a major barrier to the growth of the seaweed derivatives market.

Read Full Research Report : https://www.globalinsightservices.com/reports/seaweed-derivatives-market

Market Segmentation

By Source

• Red Seaweed
• Brown Seaweed
• Green Seaweed

By Form

• Liquid
• Powder
• Flakes

Major Players in the Global Seaweed Derivatives Market

The key players studied in the report are W Hydrocolloids, Inc., KIMICA Corporation, DuPont de Nemours, Inc., Gelymar S.A., CP Kelco, ALGAIA, Compañía Española de Algas Marinas, S.A., Cargill, Incorporated, ARTHUR BRANWELL & CO., and AGARMEX among others.

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Reasons to buy Seaweed Derivatives Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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