DUBLIN--(BUSINESS WIRE)--The "Commercial Seaweeds - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Commercial Seaweeds market accounted for $13.53 billion in 2017 and is expected to reach $33.77 billion by 2026 growing at a CAGR of 10.7% during the forecast period.
Increasing demand for Asian cuisine in the western world, growing awareness of medicinal uses of seaweed and rising applications of commercial seaweeds are factors influencing the market growth. However, factors such as extreme use of seaweed products and lack in financial support are restraining the market growth.
On the basis of Type, brown seaweeds segment is anticipated to grow at a steady rate during the forecast period. The presence of brown seaweeds in food helps in cultivating the joint and bone health, helps in digestion, balances hormones, and decreases hypothyroidism, menstrual problems, cough, asthma, stomach sicknesses, annoyances and hemorrhoids.
By Geography, Asia Pacific is projected to grow at a higher rate during the forecast period. Pertaining to the growing existence of tropical rainforests in this region, several species of seaweeds are found in APAC. The industrial applications of seaweeds in the region include pharmaceuticals, agriculture, cosmetics, biofuel, and feed additives.
Types Covered:
- Green Seaweeds
- Red Seaweeds
- Brown Seaweeds
- Alginate-Containing Seaweeds
- Agar-Containing Seaweeds
- Carrageenan-Containing Seaweeds
Forms Covered:
- Powder
- Liquid
- Flakes
Method of Harvesting Covered:
- Wild Harvesting
- Aquaculture
Applications Covered:
- Agriculture
- Feed
- Food
- Fertilizers
- Other Applications
Companies Profiled:
- E.I. Du Pontde Nemours and Company
- Cargill Inc.
- Compo GmbH& Co. KG
- RoullierGroup
- Gelymar SA
- BiostadtIndia Limited
- CP Kelco
- BrandT
- AcadianSeaplants Limited
- SeasolInternational Pty. Ltd.
- Chase Organics GB Limited
- The Cornish Seaweed Company
- Travena Ltd.
- Indigrow Ltd.
- West Coast Marine Bio-Processing Corp.
- Leili Group
- Algaia
- Seawin Biotech
For more information about this report visit https://www.researchandmarkets.com/research/8mv343/commercial?w=4
