Seaweed Market is Projected to Reach USD 14.62 billion by 2030: Cognitive Market Research

Global Seaweed Market Overview:
Seaweed is referred to as a species of marine plants and algae that grow in the ocean, as well as in rivers, lakes, and other bodies of water. Seaweeds are abundant sources of anti-inflammatory and anti-microbial substances. Seaweeds are abundant in umami flavor, iodine, fiber, and minerals. They provide a salty taste and are a natural salt substitute.

Summary
• As per the study of CMR, The Global Seaweed Market reached USD 6.52 billion in 2022 and will reach USD 14.62 billion by 2030, growing at a CAGR of 8.6% from 2022 to 2030.
• North America region is forecasted to dominate the global seaweed market with the highest growth rate
• By products, the green seaweed, segment dominates the global seaweed market in terms of revenue share.
• As per the CMR analyst, the human food application segment has the largest revenue share for the growth of the global seaweed market.

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Global Seaweed Market Dynamics
The rising demand for seaweeds as human food and in the manufacture of hydrocolloids, such as agar, carrageenan, and alginate, dominates the demand for the global seaweeds market. In addition, the growing demand for seaweed in end-use industries such as pharmaceuticals, agriculture, personal care, food and beverages, and animal feed drives the demand for the global seaweed market.
Furthermore, the increasing number of technological developments along with the rise in demand for aquaculture seaweeds as a raw material for the hydrocolloid industry will provide opportunities for the growth of the global market

What are the restraining factors for the global Seaweed Market?
However, the high cost of seaweed cultivation impedes the growth of the global market. This is attributed to water contamination has significantly increased due to the mixing of toxic waste chemicals and plastic from industrial effluents. This creates significant difficulties for ocean bed harvesting, thereby increasing the cost of algae on the market which hampers the global market growth.

Global Seaweed Market Segmentation:
Product:
• Brown
• Green
• Red
By products, The green seaweed segment dominates the global seaweed market in terms of revenue share. This is attributed to green algae containing a high concentration of beta-carotene, which found to be effective in cancer prevention

Application:
• Human Food
• Fertilizers
• Animal Feed Additives
• Hydrocolloids
• Others
As per the CMR analyst, the human food application segment has the largest revenue share for the growth of the global seaweed market. This is attributed to the increasing utilization of seaweed as food and food ingredients in Asia-Pacific, particularly in China, Indonesia, Korea, and Japan.

Competitive Analysis of Seaweed Market: E.I. Du Pontde Nemours and Company, The Cornish Seaweed Company, BiostadtIndia Limited, Indigrow Ltd., CP Kelco, AcadianSeaplants Limited, West Coast Marine Bio-Processing Corp., SeasolInternational Pty. Ltd., RoullierGroup, BrandT, Cargill Inc., Gelymar SA, Leili Group, Chase Organics GB Limited, Compo GmbH& Co. KG

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North America has the highest revenue share in the global seaweed market
North America region is forecasted to dominate the global seaweed market with the highest growth rate. This is attributed to the increased demand for vegan and plant-based products in the regions that drive the demand for the growth of the global market. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to the increasing product demand in the regional food industry.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Seaweed Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Seaweed Market Segmentation
1.5.1 Seaweed Market Regional Fragmentation
1.5.1 Seaweed Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Seaweed Market
• 3.1 Global Seaweed Market Size 2018 - 2030, (USD Million)
• 3.2 Global Seaweed Value, Absolute & Opportunity Analysis
• 3.3 Global Seaweed Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Seaweed Market Statistics 2022: Snapshot
Chapter 4 Global Seaweed Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Seaweed Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Seaweed Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Seaweed Market Regional Analysis
Chapter 12 North America Seaweed Market Outlook (2018 - 2030)
Chapter 13 Europe Seaweed Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Seaweed Market Outlook (2018 - 2030)
Chapter 15 Latin America Seaweed Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Seaweed Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Seaweed Market TOC click here: https://www.cognitivemarketresearch.com/seaweed-market-report#table_of_contents

Related Report:
• Seaweed Cultivation Market- https://www.cognitivemarketresearch.com/seaweed-cultivation-market-report
• Seaweed Extract Market- https://www.cognitivemarketresearch.com/seaweed-extract-market-report
• Seaweed Hydrocolloids Market- https://www.cognitivemarketresearch.com/seaweed-hydrocolloids-market-report
• Seaweed Extract Fertilizers Market- https://www.cognitivemarketresearch.com/seaweed-extract-fertilizers-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly

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