The global commercial seaweed market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Seaweed is considered as one of the major sources of iodine, which is consumed as food and even as ingredients that add a preservative advantage to the foods owing to its anti-microbial properties. The use of seaweed and its isolates enhances satiety in humans, further lessening the postprandial absorption rates of glucose and lipids, which supports in the development of anti-obesity foods. Such favorable properties of seaweed have pushed the commercialization of this ingredient, thereby propelling its market growth. The demand for commercial seaweed is also likely to be driven by the rising technological developments in cultivating seaweed along with the growing investments in various application segments such as animal feed and agriculture.
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Among its numerous applications, what has gained substantial traction over the years include the increasing use of seaweed in meat and bakery products. Brown seaweeds are used for making hydrocolloids such as agar, alginate, and carrageenan. Hydrocolloids are used as thickening agents, emulsifiers, stabilizers, and water retention agents for different food applications. Since seaweed supports in the retention of water along with gel formation, this property makes it highly favorable food ingredient. Furthermore, growing consumer awareness regarding the benefits of nutritional food is further anticipated to propel its demand in a few emerging economies such as Indonesia, China, and other South Asian countries. However, in developed countries such as the US, the market is driven by the growing demand for healthy food additives, which can largely replace calorie rich oils and fats in food products.
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Market Coverage
- Segment Covered-
o By Application
o By Deployment Model
o By End-User
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Cargill, Inc., DuPont de Nemours, Inc., and Acadian Seaplants, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Commercial Seaweed Market Report by Segment
By Product Type
- Brown Seaweed
- Green Seaweed
- Red Seaweed
By Application
- Food and Beverage
- Dietary Supplements
- Pharmaceuticals
- Others
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