Seaweed Market Overview
Facts and projections about the global seaweed market are presented in detail in the latest research report from Market Research Future (MRFR). The report looks at the historical growth trajectory of the global seaweed market and investigates the likely growth trajectory of the market over the forecast period from 2017 to 2023. Major drivers and restraints affecting the growth of the seaweed market are also analyzed in the report in order to provide a comprehensive overview of the market’s growth trajectory to the readers. Leading economic drivers for the market are also assessed in the report.
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Seaweeds are macroscopic marine plants. Their gums and other exudates have earned significant industrial importance in recent years, as they have been shown to have heavy utility in several end uses. Seaweed gums are widely used in adhesives, dyes, gels, as well as in the textile and paper industries to improve the characteristics of the final products. Seaweed gums provide stability and allow the formulations to retain their shape and structure under stress. Seaweed extracts are also widely used in the food and beverage industry, as seaweed extracts can be highly nutritious and enriching. Seaweeds are an important source of calcium, vitamin K, and iron, which has made them important in the food and beverage industry.
The growing demand for seaweed products from the food and beverage industry is likely to be the major driver for the global seaweed market over the forecast period. The growing demand for dietary supplements and food additives has raised the demand for various new types of food additives to come to the fore. This has been a major driver for the seaweed market and is likely to ensure steady market growth over the forecast period. The increasing demand for natural dietary supplements is likely to be a major driver for the global seaweed market over the forecast period.
Leading players in the global seaweed market include Cargill Foods (U.S.), P.L.Thomas and Co., Inc (U.S.), Ingredients Solutions, Inc. (U.S.), Snap Alginates (India), Polygal Ag (Switzerland), Arthur Branwell & Co., Ltd (U.K.), Kimica Alginates (Japan)
In October 2019, Dutch shipbuilder Damen announced a collaboration with waste processing company Maris Projects to work on removing sargassum seaweed from the Caribbean and turn it into energy, fueling the local economy as well as getting rid of an invasive species that threatens the local ecosphere.
In October 2019, ECAL (Ecole Cantonale d’art de Lausanne) graduate Luisa Kahlfeldt won the Swiss James Dyson award for her design of an alternative recyclable diaper made from seaweed and eucalyptus. The diapers can be recycled easily and are also biodegradable, making them an effective solution to the growing concern of diaper pollution, as one-time diapers are being used increasingly and causing significant environmental adversity. The fabric of these diapers is called SeaCell.
The global seaweed market is segmented based on type, form, end use, and region.
By type, the global seaweed market is segmented into brown, green, and red. Red seaweed holds the highest amount of antioxidants and is thus widely used in dietary applications.
By form, the global seaweed market is segmented into powder, liquid, flakes, and others. The liquid segment holds the largest share in the global seaweed market due to the high shelf life of liquid seaweed extracts.
By end use, the global seaweed market is segmented into textiles, food, paper and pulp, welding rods, pharmaceuticals, personal care products, and others. The food industry holds the largest share in the global seaweed market, followed by the personal care products industry.
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Asia Pacific holds the largest share in the global seaweed market, followed by North America. Countries such as China, Australia, Thailand, Japan, and South Korea are major players in the global seaweed market and are likely to ensure steady growth of the seaweed market in Asia Pacific over the forecast period.
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