Infinium Global Research recent report on the Commercial Seaweed Market (Seaweed Type (Brown Seaweed, Red Seaweed, Green Seaweed); Form (Liquid, Dry); End Users (Food and Beverage, Pharmaceuticals, Agriculture and Animal Feed, Cosmetics and Personal Care, Others): Industry Analysis, Trends, Size, Share and Forecasts up to 2030 provides a comprehensive outline of the features responsible for the growth of the market.
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Commercial seaweed is the harvesting or cultivation of seaweeds for their commercial value. Seaweeds, which are a diverse group of marine algae, find their use in several industries such as food, pharmaceuticals, cosmetics, and agriculture. The consumption of seaweed as a food source has been a tradition in Asian cultures for thousands of years. Nowadays, it is also utilized as a source of hydrocolloids, which provide texture and stability in food processing.
In addition, seaweed is a natural source of iodine for dietary supplements and is also used in the production of biofuels, animal feed, and fertilizers. There are three categories of commercial seaweed: red seaweed, green seaweed, and brown seaweed. Each type has its unique characteristics and applications. For instance, red seaweed is known for its high gel strength, while green seaweed is preferred for its distinct flavor and texture. Brown seaweed, on the other hand, is highly valued for its nutritional benefits.
The brown seaweed market is predicted to experience significant growth due to its extensive application in various sectors such as agriculture, animal feed, and food & beverage. Brown seaweeds are mainly utilized as a fundamental material for extracting alginate hydrocolloid and as a food source. Furthermore, this product is used as an emulsifier and thickener in syrups, as well as a filling agent in candy bars and salad dressings. There are ongoing studies on the application of alginic acid in lithium-ion batteries, and its potential realization is anticipated to further boost the demand for brown seaweeds within the given timeframe.
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Asia-Pacific Region will Dominate the Market During the Projected Period
The market for commercial seaweed is classified into four regions, namely North America, Europe, Asia-Pacific, and the Rest of the World. It is predicted that the Asia-Pacific region will dominate the market during the projected period. Commercial seaweed production and consumption have been a traditional practice in Asia-Pacific for centuries, making it the primary market for the product.
The leading producers of commercial seaweed in Asia-Pacific include China, Philippines, Malaysia, Indonesia, and other Southeast Asian countries. Europe comes second after Asia-Pacific as the leading producer and consumer of commercial seaweed. The North American region is projected to experience the highest growth rate in the market.
Companies Operating in the Commercial Seaweed Market are Focusing on Expansion Strategies
The Commercial Seaweed Market is partially consolidated due to the presence of a few key players like DuPont, Cargill Inc, Compo GmbH & Co. KG, Groupe Roullier, Brandt Consolidated, Inc., Acadian Seaplants Ltd., Biostadt India Limited, Chase Organics GB, Gelymar SA, Seasol International Pty. Ltd. Infinium Global Research recent report on the Commercial Seaweed Market is an encompassment of such recent developments in the marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Commercial Seaweed Market and also estimates the impact of recent developments in the market.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of commercial seaweed.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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