DUBLIN--(BUSINESS WIRE)--The "Commercial Seaweeds Market by Type (Red Seaweeds, Brown Seaweeds, Green Seaweeds), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes), Application (Food, Feed, Agriculture), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The commercial seaweeds market is estimated at USD 14.08 billion in 2018. It is projected to reach USD 21.11 billion by 2023, at a CAGR of 8.4%.
The market is driven by its functional properties, which widens the new growth prospects for the food processing industry and the application of seaweeds and seaweed extracts, such as agar, carrageen, and alginate, which are used as gelling, binding, and thickening agents in the food, textile, and other manufacturing industries.
The growth of the brown seaweed segment, in terms of value, is estimated to dominate the global commercial seaweeds market in 2018. Brown seaweeds are increasingly used in the production of high-grade alginates. The increasing use of alginates in dental products is encouraging the leading companies to manufacture alginates from brown seaweeds. In the agriculture sector, brown seaweed extracts are used to produce organic fertilizers due to its potassium-rich content. The growing use of brown seaweeds in the manufacture of bio-plastics is further projected to fuel the market growth.
However, excessive use of seaweed products can adversely affect consumer's health due to the presence of toxic minerals such as heavy metal residues. This has led to increasing health concerns, globally, which, in turn, serves as a restraining factor for the growth of the commercial seaweeds market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Commercial Seaweeds Market, By Type
7 Commercial Seaweeds Market, By Method of Harvesting
8 Commercial Seaweeds Market, By Form
9 Commercial Seaweeds Market, By Application
10 Commercial Seaweeds Market, By Region
11 Competitive Landscape
12 Company Profiles
- Acadian Seaplants
- Biostadt India
- COMPO EXPERT
- CP Kelco
- Roullier Group
- Seasol International
- Seawin Biotech
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