Seaweed Cultivation Market is expected to rise at a CAGR of

New York, July 18, 2022 (GLOBE NEWSWIRE) — The global seaweed cultivation market is pegged at 41,849 KT in 2022 and is set to reach 82,727 KT by the end of 2032. Worldwide demand for seaweed is on the rise, especially across the North American and European regions.

Globally, consumers are shifting toward plant-based food products and many people are following vegan diets. Seaweed, if extracted in adequate quantities using cost-effective methods, can be considered as a great alternative source that is ideal for vegan and vegetarian consumers due to its amino acid profile that is similar to that of eggs.

Red seaweed is a promising alternative containing 9-25% of protein depending upon the season of collection and harvesting.

  • Teagasc, the Agriculture and Food Development Authority of Ireland, has initiated the BioAlgae Project to discover new methods to isolate protein from seaweeds using novel methods and add more economic value to it.

Request for sample copy of report: https://www.persistencemarketresearch.com/samples/32335

The seaweed market is also seeing huge demand from the nutraceutical sector, which is primary attributable to the nutrient-dense profile of seaweed. Global players are entering into strategic partnerships to distribute their products across countries to meet high consumer demand.

  • In 2020, CP Kelco expanded its strategic partnership with Biesterfeld to distribute its carrageenan, pectin, and other products in Germany, Poland, and a few others.

Key Takeaways from Market Study

  • Asian countries are the production hotspots of seaweed, with China alone holding over 55% volume share in this region.
  • Globally, aquaculture is a popular method employed to produce seaweed and it is expected to hold a market share of US$17.2 Bn in 2022.
  • Utilization of seaweed in the food industry is set to experience two-fold growth during the forecast period (2022-2032).
  • Demand for red seaweed is slated to reach 21,242 KT in 2022.
  • Use of powdered seaweed across industries accounts for a growth of US$ 8.42 Bn in 2022.

Get customized report as per requirement: https://www.persistencemarketresearch.com/request-customization/32335

“Seaweed is gaining popularity across the world with demand for aquatic-sourced food products rising. The highly imbalanced consumption and production across geographic regions imply a great potential for seaweed cultivation. The combined efforts of all stakeholders including governments, scientific community, international organizations, and key cultivators in the industry will bolster industry growth,” says PersiStence Market Research analyst.

Competitive Landscape

Key players involved in seaweed cultivation are adopting bio-based management systems for the sustainable harvesting of seaweed. They are also leveraging their partnerships to improve distribution and maintain a transparent and traceable supply chain.

Get full access of report: https://www.persistencemarketresearch.com/checkout/32335

  • In July 2021, CP Kelco extended its distribution relationship with Azelis to distribute Genu Carrageenan products in the Netherlands. It has also collaborated with Azelis to extend the distribution of its products in India, Indonesia, Malaysia, and Thailand.
  • In 2020, Algaia announced its plan to accelerate company growth with new product lines and has made an investment of US$ 2.59 Mn.

Explore More Valuable Insights

Persistence Market Research, in its new report, offers an impartial analysis of the global seaweed cultivation market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on type (red seaweed, brown seaweed, and green seaweed), method of harvesting (aquaculture and wild harvesting), form (flakes, powder, liquid, and sheets), and application (food industry, animal feed industry, agriculture, pharmaceuticals, and others), and across six major regions of the world.

Other Trending reports:

About Persistence MarketResearch:

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Overview:

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes long before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

Contact

Rajendra Singh

Persistence MarketResearch
US Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com

Visit Our Website: https://www.persistencemarketresearch.com

.

Leave a Comment