Global Commercial Seaweeds Market
The global Commercial Seaweed market was valued at USD 11.30 billion in 2016 and is projected to reach USD 24.54 billion by 2025, growing at a CAGR of 9.0% from 2017 to 2025.
The nutritive value of seaweeds is responsible for the growth commercially. The rare nutrients that are offered by seaweeds are driving the demand for these products. The growing demand in animal feed and nutrition products is expected to augment market demand over the forecast period.
1. Market Drivers
1.1 Medical use of spirulina, a seaweed, resulting in an increased demand of seaweeds
1.2 Increasing seaweed harvesting and usage in European and North American region
2. Market Restraints
2.1 Excessive use of seaweed products
The global Commercial Seaweed market is segmented on the type, form, application, and region.
1. By Type:
1.1 Brown Seaweeds
1.2 Green Seaweeds
1.3 Red Seaweeds
2. By Form:
3. By Application:
3.1 Human Feed
3.2 Animal Feed
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. Roullier Group
3. CP Kelco
4. Seasol International Ltd.
6. Biostadt India Limited
8. Acadian Seaplants Limited
9. EI Du Pont De Nemours
10. Compo GmbH & Co. Kg
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Commercial Seaweed market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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