2023 Market Price and Trends Analysis in the Global Seaweed Market - Latest Research Report Till 2028 - IMARC

The latest report by IMARC Group, titled "Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global seaweed market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global seaweed market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.64% during 2023-2028.

Seaweed, also known as marine macroalgae, is a diverse group of marine plants that thrive in aquatic environments worldwide. These algae play a vital ecological role, providing habitat and food for various marine species. Its economic significance is significant, with multiple applications across industries. It is used in human consumption as a nutritious food source, in the cosmetic industry for skincare products, and in agriculture as a soil conditioner and biofertilizer.

It also shows promise as a renewable source of biofuels and bioplastics due to its high growth rate and carbon capture capabilities. Its sustainable cultivation and potential environmental benefits make it an increasingly sought-after resource.

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Seaweed Market Trends:

The global market is majorly driven by the increasing demand for healthy and sustainable food. In line with this, the expanding aquaculture industry is significantly contributing to the market. Furthermore, the rising interest in plant-based products is positively influencing the market. Apart from this, the growing product applications in nutraceuticals and pharmaceuticals are catalyzing the market.

Moreover, seaweed is being explored as a sustainable feedstock for biofuel production, propelling its demand. Besides, it has carbon capture capabilities and can help mitigate ocean acidification, attracting interest from companies and governments seeking eco-friendly solutions. Additionally, seaweed-derived ingredients are used in skincare products, strengthening demand in the cosmetic industry due to their moisturizing and antioxidant properties.

By the IMARC Group, Some of the Top Seaweed Companies Operating in the Market are Given Below:

• Acadian Seaplants Limited
• Cargill Incorporated
• DuPont de Nemours, Inc.
• Irish Seaweeds
• Leili
• Mara Seaweeds
• Qingdao Gather Great Ocean Algae Industry Group (GGOG)

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/seaweed-market

Key Market Segmentation:

Breakup by Environment:

• Aquaculture
• Wild Harvest

Breakup by Product:

• Red
• Brown
• Green

Breakup by Application:

• Processed Foods
• Direct Human Consumption
• Hydrocolloids
• Fertilizers
• Animal Feed Additives
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.