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The report studies global markets for commercial seaweed, using 2019 as a base year, and provides estimates for the forecast period 2020 to 2025, with projections of compound annual growth rates (CAGR). Projected and forecast market size estimates are in constant U.S dollars.
This report covers technological, economic and business considerations of the commercial seaweed market. It includes descriptions of market forces relevant to the commercial seaweed industry and areas of application. The report also includes an analysis of COVID-19 impacts on the global seaweeds market in each application area.
The report also includes discussions of major players in the global dried and processed seaweeds market. It explains the drivers and regional dynamics of the seaweeds market.
Worldwide Seaweed Extract Industry to 2025 - by Application, Source, Type of Farming and Region prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Seaweed Extract Market (2020 to 2025) - Featuring Acadian Seaplants, Cargill and Irish Seaweeds Among Others - ResearchAndMarkets.com
April 29, 2021 GMT
The report studies global markets for commercial seaweed, using 2019 as a base year, and provides estimates for the forecast period 2020 to 2025, with projections of compound annual growth rates (CAGR). Projected and forecast market size estimates are in constant U.S dollars.
This report covers technological, economic and business considerations of the commercial seaweed market. It includes descriptions of market forces relevant to the commercial seaweed industry and areas of application. The report also includes an analysis of COVID-19 impacts on the global seaweeds market in each application area.
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The market size is estimated to be valued at USD 16.7 billion in 2020 and is projected to reach USD 30.2 billion by 2025, recording a CAGR of 12.6%
According to MarketsandMarkets, the
seaweed cultivation market size is estimated to be valued at USD 16.7 billion in 2020 and is projected to reach USD 30.2 billion by 2025, recording a CAGR of 12.6% during the forecast period, in terms of value. Factors such as the rise in seaweed farming practices propelled by global demand, increasing industrial, agricultural, and feed-related applications, and rising market for seaweed as snack products are projected to drive the growth of the seaweed cultivation industry during the forecast period. Asia Pacific segment is going to dominate the market, due to its ease of raw material availability, favorable climatic conditions, and low labor cost for seaweed cultivation, whereas the European region is growing fastest owing to growth in consumer awareness regarding the health benefits o