About Commercial Seaweeds
Commercial seaweed is a kind of macroalgae and it is found in arctic, tropical and cold water bodies. Seaweed is the common name for countless species of marine plants and algae. Seaweeds live suspended in the water column and provide the base of most marine food chains. Seaweed is full of vitamins, minerals and fiber. Many seaweeds contain anti-inflammatory and anti-microbial agents. Due to the health benefits of the seaweeds, their cultivation is increasing worldwide. Commercial seaweeds can be used as human foods, cosmetics, fertilizers and extraction of industrial gums and chemicals.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Commercial Seaweeds market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Roullier Group (France), COMPO EXPERT (Germany), Chase Organics GB Ltd. (United Kingdom), CP Kelco (United States), Acadian Seaplants Limited (Canada), Gelymar (Chile), CEAMSA (Spain), Seasol (Australia) and Mara Seaweed (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Pacific Harvest Seafood Inc. (United States) and Algaia (France).
Segmentation Overview
AMA Research has segmented the market of Global Commercial Seaweeds market by Type (Brown Seaweeds , Red Seaweeds and Green Seaweeds), Application (Pharmaceutical, Agricultural Products, Animal Feed Additives, Cosmetic and Personal Care and Others) and Region.
On the basis of geography, the market of Commercial Seaweeds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Commercial Seaweeds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Harvesting Method, the sub-segment i.e. Aquaculture will boost the Commercial Seaweeds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend of Consuming Seaweeds as a Vegetable
Market Growth Drivers:
Health Benefits of the Seaweeds, Increased Awareness about Seaweed Applications and Rising Demand for Seaweed Products from Food Industry
Challenges:
Occurrence of Natural Disasters Affecting the Growth of the Seaweeds and Excessive Use of Seaweeds
Restraints:
Fluctuating Prices of the Seaweeds Which Is Used As Raw Material for Seaweed Products
Opportunities:
Growing Use of Commercial Seaweed in the Pharmaceutical Industry
On 6th February 2019, Cargill has launched the Red Seaweed Promise. The program is specifically designed to address key sustainability challenges for the harvesting and cultivation of red seaweed, while enhancing producer livelihoods, supporting local communities and conserving the marine environment.
Key Target Audience
Commercial Seaweed Products Manufacturers, Raw Material Suppliers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.