- Report ID: BMRC 1004 | Number of pages: 200 | Publish Date: Apr 2020
Status: Published | Category: Agriculture | Delivery Timeline:
"Commercial Seaweeds Market is valued at USD 13.36 Billion in 2018 and expected to reach USD 23.95 Billion by 2025 with the CAGR of 8.7% over the forecast period."
Rising demand for biofuel production, food processing industries, wastewater treatment as well as usage in healthcare sector for the treatment of various cardiovascular diseases and obesity are some important factor driving the growth of commercial seaweeds market.
Commercial seaweeds are sea vegetables that can be consumed as foodstuff and used in the making of food as it contain high amounts of fiber, nutrients such as high iodine, calcium, magnesium, iron, vitamin, antioxidant, and many others. There are many types of seaweeds depending on its use, one of several type of multicellular algae are the red algae, green algae, and brown algae which are widely regarded as a health food. Recently study found that the main carotenoid found in brown algae, such as wakame has 13.5 times the antioxidant capacity as vitamin E which reduces the damage of cells and helps in recreating the new cells. As these seaweeds contain many protective antioxidants, minerals and vitamins, it has many health benefits including may help you lose weight by delaying hunger so as to reduce the obesity disorder and may reduce heart disease risk. Despite of many health benefits the seaweeds are widely used as biofuels in such emerging environment friendly emerging economies as well as in food processing industry.
The commercial seaweeds market is segmented on the basis of type,
method of harvesting, application, form, and geography. On the basis of type, commercial seaweeds market is divided into red, green and brown. On the basis of method of harvesting commercial seaweeds market is divided into aquaculture and wild harvesting. On the basis of applications it is divided into food, animal feed, agriculture, pharma & medical, and others. On the basis of form commercial seaweeds market is divided into liquid, powder and flakes.
The regions covered in commercial seaweeds market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global commercial seaweeds market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Commercial seaweeds market reports cover prominent players like,
Commercial Seaweeds Market Dynamics –
The key factor for growth of commercial seaweeds market is the rise of demand in for biofuel production, food processing industries and wastewater treatments as well as rise in usage of commercial seaweeds for the treatment of various diseases like cancer, cardiovascular diseases, obesity etc. are some important factor driving the growth of commercial seaweeds market. According to Federation of Indian Chambers of Commerce & Industry (FICCI) in 2019, the food processing industry is estimated to be around USD 180 billion and raising the adoption of new food products such as seaweeds and other related sea products at potentially higher rate for consumption as food, animal feed as well as for medical purpose due to its exponential health benefits. The commercial seaweed is used as ingredient for the global food, cosmetics industries as well as is used as fertilizer in the agriculture. According to the book of Seaweeds for Food and Industrial Applications in 2013, the annual value of production is estimated to around USD 6 billion out of which food products for human consumption represents around USD 5 billion. The total wet seaweed consumption represents about 8 million tons in the industry and is increasing rapidly. In addition to this the seaweeds are substantially used for manufacturing of drugs for the treatment for cardiovascular diseases, obesity etc. due to presence of certain vitamins and minerals in it. However, commercial seaweeds market is hampered by some major factors including excessive intake of seaweed can cause hazardous health effects as well as lack of government initiatives to propel the growth. Moreover rising focus on specialty medicines with technological advancement using commercial seaweeds for the clinical research may create huge opportunity to fuel the growth of this market during the forecast period as specialty medicines require scientific expertise and researchers.
Commercial Seaweeds Market Regional Analysis –
North America is dominating the commercial seaweeds market with the potential rate due to presence of biopharmaceutical, and pharmaceutical companies for clinical research studies. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms has more than half of the world's Research & Development in pharmaceuticals spending USD 75 billion and hold the intellectual property rights on most new medicines through its advanced clinical research for the use of seaweeds as medicines.
Europe is the second-largest region for dominating the growth of commercial seaweeds equipment due to rising awareness among the people about the seaweeds and its phenomenal health benefits.
Asia pacific is expected to emerge as the fastest-growing regional market due to rapidly increasing adoption of seaweeds as fresh, dried ingredients in preparing foods. In Asia pacific region, China is the largest seaweed cultivator of red and brown seaweeds to produce hydrocolloids followed by the Republic of Korea and Japan along with that alginate, agar and carrageenan are also being cultivated as thickening and gelling agents. In Asia Pacific region the usage of wet seaweeds has risen astoundingly, approximately 1 million tones of wet seaweed are harvested and extracted to produce about 55 000 tones of hydrocolloids according to the book of seaweeds for food and industrial applications.
Key Benefits for Commercial Seaweeds Market Reports –
Global commercial seaweeds market report covers in depth historical and forecast analysis.
Global commercial seaweeds market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global commercial seaweeds market report helps to identify opportunities in market place.
Global commercial seaweeds market report covers extensive analysis of emerging trends and competitive landscape.
by Type: Red, Green, Brown
by Method of Harvesting: Aquaculture, Wild harvesting
by Applications: Food, Animal feed, Agriculture, Pharma & medical, others
by Form: Liquid, Powder, Flakes
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Commercial Seaweeds Market 2020 by Type (Red, Green , Brown ), Commercial Seaweeds Market: by Method of Harvesting (Aquaculture , Wild harvesting ), Commercial Seaweeds Market: by Applications (Food , Animal feed, Agriculture , Pharma & medical, others ), Commercial Seaweeds Market: by Form (Liquid, Powder , Flakes) Forecast to 2025