/PRNewswire/ The global seaweed extracts market is estimated to register growth at a CAGR of 5% during the forecast period of 2022 to 2032, according to a.
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iCrowdNewswire Feb 17, 2021 8:45 AM ET
The Seaweeds are defined as the group of photosynthetic non-flowering plant like organism called microalgae which live in the sea. These are classified into three major groups such as red brown, and green seaweed. Also, they find their applications in animal feed, biofuels, fertilizers, and wastewater treatment, which further support the seaweed industry growth.
The rise in awareness towards health benefits of seaweed and its commercial use in various end use industries are expected to boost the global seaweed market growth over the forecast period. Furthermore, various countries across the world, have adopted commercial harvesting operations will positively influence the market growth. Also, the rise in demand for seaweeds as human feed and in the manufacturer of hydrocolloids like alginate, agar, and carrageenan are anticipated to propel the growth of global seaweed market. Moreover, the rise in seaweed farming practices across the gl