Commercial Seaweed Market Poised for Remarkable Growth, set to Reach USD 34.56 billion by 2032 with a CAGR of 8.20%

The global commercial seaweed market size is expected to gain momentum by reaching USD 34.56 billion by 2032 while exhibiting a CAGR of 8.20% between 2024 and 2032. This is attributable to the increasing focus on adopting sustainable solutions and the growing adoption of plant-based cosmetics across the globe. This information is published by Fortune Business Insights, in its latest re[ort, titled, "Commercial Seaweed Market Size, Share & Industry Analysis, By Type (Red Seaweed, Brown Seaweed, & Green Seaweed), Form (Flakes, Powder, & Liquid), End-uses (Food & Beverages, Agricultural Fertilizers, Animal Feed Additives, Pharmaceuticals and Cosmetics & Personal Care), and Regional Forecast, 2024-2032." The report further observes that the market stood at USD 17.14 billion in 2023.

Commercial seaweed includes the adoption of seaweed across several industrial peripherals such as food & beverage, cosmetics, fertilizers, and wastewater treatment, among others. Substances extracted from seaweeds such as hydrocolloids are further used in food processing applications such as desserts, animal feed, meat & poultry, and dairy across the globe. The several health benefits associated with the consumption of seaweed is propelling the manufacturers to focus on commercial seaweed and its applications globally.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/commercial-seaweed-market-100077

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐒𝐞𝐚𝐰𝐞𝐞𝐝:
• DowDuPont, Inc. (Delaware, U.S.)
• Cargill, Inc. (Minnesota, U.S.)
• J.M. Huber (New Jersey, U.S.)
• Corbion N.V. (Netherlands)
• Kerry Group Plc (Tralee, Ireland)
• FMC Corporation (Pennsylvania, U.S.)
• Acadian Seaplants Limited (Nova Scotia, Canada)
• Gelymer S.A. (Santiago, Chile)
• Ocean Harvest Technology limited (Milltown, Ireland)
• Roullier Group (Brittany, France)

𝐒𝐄𝐆𝐌𝐄𝐍𝐓𝐀𝐓𝐈𝐎𝐍
𝐑𝐞𝐝 𝐒𝐞𝐚𝐰𝐞𝐞𝐝 𝐇𝐞𝐥𝐝 𝟒𝟓.𝟕𝟐% 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐢𝐧 𝟐𝟎𝟏𝟗
The red seaweed, based on type, is expected to experience a significant growth during the forecast period. This is ascribable to factors such as the growing demand for red seaweed owing to its high vitamin and protein content, along with its extensive application across food processing.

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞?
The report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/commercial-seaweed-market-100077

𝐃𝐑𝐈𝐕𝐈𝐍𝐆 𝐅𝐀𝐂𝐓𝐎𝐑𝐒
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐏𝐫𝐨𝐦𝐨𝐭𝐞 𝐆𝐫𝐨𝐰𝐭𝐡
According to an International team of Scientists, the global concentration of methane present in the atmosphere hit around 1875 parts per billion (ppb) by the end of 2019. The rising methane emissions are propelling the demand for sustainable products to reduce environmental stress across the globe. The increasing focus on commercial seaweed cultivation is perceived as a sustainable method that aids in absorbing carbon dioxide and further release oxygen in the atmosphere. Therefore, the increasing adoption of sustainable approach to reduce the methane emissions is expected to bode well for the growth of the global commercial seaweed market in the forthcoming years.

𝐑𝐄𝐆𝐈𝐎𝐍𝐀𝐋 𝐈𝐍𝐒𝐈𝐆𝐇𝐓𝐒
𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐑𝐞𝐦𝐚𝐢𝐧 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐭; 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐭𝐨 𝐀𝐢𝐝 𝐆𝐫𝐨𝐰𝐭𝐡
Among all the regions, Asia-Pacific is expected to remain at the forefront ad hold the highest position in the global commercial seaweed market in the forthcoming years. This is attributable to the increasing demand for plant-based cosmetics that are safe and non-toxic in nature that is driving the demand for commercial seaweed in the region. The region stood at USD 10.21 billion by 2019.
The market in North America is anticipated to showcase a considerable growth backed by the rising number of veganism and the growing popularity of functional food products in countries such as the U.S. between 2020 and 2027.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/enquiry/commercial-seaweed-market-100077

𝐂𝐎𝐌𝐏𝐄𝐓𝐈𝐓𝐈𝐕𝐄 𝐋𝐀𝐍𝐃𝐒𝐂𝐀𝐏𝐄:
𝐌𝐚𝐣𝐨𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐭𝐨 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲 𝐓𝐡𝐞𝐢𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨
The global marine algae market is fragmented by the presence of major companies such as Corbion, Cargill, and FMC Corporation, among others. They are focusing on partnering with other companies to focus on providing commercial seaweed solutions and expanding their product portfolio. Additionally, the adoption of strategies such as merger and acquisition, the introduction of new products, and collaboration by key players is expected to further contribute to the growth of the market in the forthcoming years.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
• 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟎 - CH4 Global SA announces its partnership with Kangaroo Island Shellfish oyster grower. The partnership is aimed to benefit from commercial seaweed process by developing a supplement solution for beef and dairy cows to drastically reduce methane emissions.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐍𝐞𝐰𝐬:
Hydrocolloids Market: https://www.fortunebusinessinsights.com/industry-reports/hydrocolloids-market-100552
Microalgae-based food Market: https://www.fortunebusinessinsights.com/industry-reports/microalgae-food-market-100802
Microalgae-based Aquafeed Market: https://www.fortunebusinessinsights.com/industry-reports/microalgae-based-aquafeed-market-100494

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This release was published on openPR.