Global Seaweed Market 2020 is expected to witness substantial growth over the review period.
Seaweed is a natural salt replacer which has anti-inflammatory, antioxidant and antimicrobial properties that stabilize blood pressure and cholesterol and aid in the maintenance of digestion and weight. This has boosted the industry’s business growth rate to an elevated level.
For the wellbeing of individuals and the prosperity of the global economy as a whole, agriculture is a vital field. In the future, addressing the needs for food and its productivity requirements is of immense significance due to the growing global population. These criteria can be accomplished by a number of recent inventions and developments in support of the agricultural sector, one of which uses seaweed extract to improve agricultural production. Any of the elements that come together and drive the market are growing consumer consciousness & their dedication to purchasing healthier food, educated buyers with strong expectations and their desire to partake in the purchase of healthy goods.
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Due to the demand for nutritious foods and alginates, the market for seaweed is rising at a gradual rate of growth. It has opened up new business possibilities for industry companies to enter the unexplored market horizons with increasing customer health consciousness and pursuit of healthier qualities and related shopping habits. The market for seaweed is expected to be driven by increased demand for natural food extracts that have health benefits. As a primary ingredient, high demand for nutritious foods and alginates in food products impacts the development of the market for seaweed. Seaweed is used in the food industry and has a wide variety of uses in the pharmaceutical industry dependent on the product’s anti-cancer properties. Advances in food science have continued to boost market share through the extraction and use of beneficial seaweed compounds.
The key players profiled in the Global Seaweed Market are P.L.THOMAS and Co., Inc (U.S.), Cargill Foods (U.S.), Ingredients Solutions, Inc. (U.S.), Snap Alginates (India), Arthur BRANWELL & Co., Ltd (U.K.), POLYGAL Ag (Switzerland), KIMICA Alginates (Japan)
Seaweed, comprising Brown Seaweed, Green Seaweed, and Red Seaweed, has been segmented based on type. Due to its high antioxidant concentration, Red Seaweed is found to hold a significant share.
Based on the form comprising Powder, Liquid, Flakes, Others, Seaweed has been segmented. Seaweed’s liquid form holds a lion’s share based on the product’s improved shelf life.
Due to convenience use and high shelf-life, the share held by liquid followed by powder form is found to increase based on the form of seaweed.
Seaweed, which includes the textile industry, food, paper and pulp, welding rods, pharmaceuticals, personal care products, and others has been segmented on the basis of end use. A significant share is found in the food industry, followed by personal care products.
North America, Europe, Asia Pacific, and the rest of the world (ROW) are split into the Global Seaweed Market.
The Asia-Pacific region, followed by North America, has the biggest market share. The developing economy has led to an increase in disposable income, which is projected to generate high revenue in the Asia-Pacific region during the forecast period. Changing the lifestyle of the consumer backed by reason as seaweed is healthy food will increase its sales during the forecast period across different regions. Based on the increase in consumer health awareness, imports and exports are likely to increase in developed countries.
In the seaweed market, the United States, Mexico and Canada are poised to witness a high growth rate. The per capita consumption of carrageenan is anticipated to increase by 50% over the next few years due to market penetration.
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