Global Commercial Seaweed Market is accounted for $6.68 billion in 2020 and is expected to reach $15.50 billion by 2028 growing at a CAGR of 11.1% during the forecast period. Rising awareness regarding the health benefits of the product, increasing consumption of plant-based products, and growing demand for foods and snacks derived from commercial seaweed are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the heightened demand and production from countries including China, Indonesia, South Korea, and Japan, increasing product demand in the regional food industry, and rapid industrialization coupled with environment-friendly regulations.
Some of the key players profiled in the Commercial Seaweed Market include Chase SM6, West Coast Marine Bio-Processing Corp., Travena Organic Solutions Ltd., Seasol International Pty. Ltd., Groupe Roullier, Beijing Leili Marine Bioindustry INC., Indigrow Ltd., Gelymar SA, E.I. Du Pont de Nemours and Company, CP Kelco., Biostadt India Limited, Cargill Inc., BrandT Consolidated, Inc., Acadian Seaplants Limited and COMPO GmbH.
Forms Covered in Commercial Seaweed Market
• Wet (Liquid)
• Red Seaweeds
• Green Seaweeds
• Brown Seaweeds
Method of Harvestings Covered:
• Wild Harvesting
• Food and Beverages
• Pharmaceuticals & Medicals
• Dietary Supplements
• Human Consumption
• Direct Consumption
• Animal Feed Additives
• Cosmetics & Personal Care
• Agricultural Fertilizers
• Other Applications
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