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Share this article Share this article ResearchAndMarkets.com s offering. The global seaweed protein market is estimated to be valued at USD 465.5 million in 2020. It is projected to reach USD 981.6 million by 2026, recording a CAGR of 13.2% during the forecast period, in terms of value. Factors such as an increase in demand for vegan/vegetarian protein alternatives to meat and dairy, growth in consumer awareness regarding the health benefits of seaweed protein-based products, and increasing industrial, feed-related applications are projected to drive the growth of the seaweed protein industry during the forecast period. However, excessive use of seaweed protein-based products can adversely affect consumers health due to toxic minerals such as heavy metal residues. This has led to increasing health concerns globally, which, in turn, serves as a restraining factor for the growth of the seaweed protein market.

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