Major players in the seaweed commercial market are Cargill Inc., DuPont de Nemours Inc., AquAgri Processing Pvt. ltd. , West Coast Marine Bio-Processing Corp. , The Seaweed Company BV , Acadian Seaplants Limited, Extractos Naturales Gelymar S.
New York, Nov. 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Commercial Seaweed Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/p06365022/?utm_source =GNW
A., BrandT Consolidated Inc., Pacific Harvest, The Irish Seaweed Company, AtSeaNova, Seaweed Solutions and Shore Seaweed.
The global commercial seaweed market is expected to grow from $14.94 billion in 2021 to $17.17 billion in 2022 at a compound annual growth rate (CAGR) of 14.9%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The seaweed commercial market is expected to reach $26.85 billion in 2026 at a CAGR of 11.8%.
The commercial seaweed market consists of the sale of commercial seaweed by entities (organizations, independent traders, and partnerships) that are used as food ingredients, agricultural fertilizers, animal feed additives, and pharmaceutical ingredients. Commercial algae refers to microalgae that grow in the sea.
It can be grown in both seawater and freshwater and can be used as a source of long and short chain chemicals.
The main types of commercial seaweed are liquid, powder and flake. The liquid type of seaweed is used to feed plants.
Plants benefit greatly from liquid algae because it contains hormones such as auxins, cytokinins, and gibberellins, as well as other vitamins, minerals, and enzymes that promote natural growth. These nutrients fuel plant cell growth, resulting in healthier, stronger cells and more disease resistant plants.
The different products include brown algae, red algae and green algae which are used in food and beverages, agricultural products, feed additives, pharmaceuticals and other end users.
Asia-Pacific was the largest region in the commercial seaweed market in 2021. The regions covered in the commercial seaweed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The growing consumption of herbal products will propel the growth of commercial seaweed market in the future. Plant-based foods refer to a finished product made from plant-derived ingredients including vegetables, fruits, and whole grains.
Commercial seaweed is used in the manufacture of plant-based foods. These algae help to increase the protein content of herbal products.
For example, according to the Good Food Institute, a US-based non-profit organization that promotes plant-based and cell-based alternatives to animal products, in 2020 plant-based food dollar sales increased by 43% , growing from $5.5 billion in 2019 to $7 billion in 2020. Hence, increasing consumption of herbal products is driving the growth of commercial seaweed market.
Technological advancement is a key trend gaining popularity in the seaweed commercial market. Major companies operating in the commercial seaweed sector are focusing on developing technological innovations to maintain their position.
For example, in May 2021, Panorama, a Germany-based organization that focuses on innovative solutions for conservation and sustainable development, launched new innovations in tube nets, which work on pole and rope technology” “out of the bottom”. improve algae productivity and local ecological conditions.
In addition, these inhibit the growth of valuable Cottonii algae species, resulting in good quality algae.
In April 2022, The Seaweed Company, a Dutch supplier of seaweed products, acquired Zeewaar for an undisclosed amount. The Seaweed Company plans to strengthen its position in the Blue Food sector by including seaweed starters and ingredients in the menus of European consumers and businesses.
Zeewaar is an algae farm based in the Netherlands.
The countries covered in the seaweed commercial market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
The Commercial Seaweed Market research report is one of a series of new reports that provide statistics on the Commercial Seaweed market, including the global Commercial Seaweed industry market size, regional shares, Competitors holding Commercial Seaweed market share, Detailed Commercial Seaweed market segments, market trends and opportunities. , and any other data you may need to thrive in the commercial seaweed industry. This Commercial Algae Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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