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Seaweed Protein Market : Evolving Technology and Growth Outlook by 2026
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Seaweed Protein Market Will Hit Big Revenues In Future
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Xanthan Gum Market Research 2018-2028 | Post Pandemic Industry Impact Analysis â Trends Market Resea Global Xanthan Gum Market à has valued US$ 860 Mn in 2017 and is anticipated to reach US$ 1270 Mn by 2026 at a CAGR of about 4.99 % during a forecast period.
BriefingWire.com, 4/08/2021 - Global Xanthan Gum Market à has valued US$ 860 Mn in 2017 and is anticipated to reach US$ 1270 Mn by 2026 at a CAGR of about 4.99 % during a forecast period.
Global Xanthan Gum market is segmented by foam, by function, by application, and by region. In terms of foam, Xanthan Gum market is segmented into Dry and Liquid. Thickeners, Stabilizers, Gelling Agents, Fat Replacers and Coating Materials are the function of the Global Xanthan Gum market. Food & Beverages, Oil & Gas, Pharmaceuticals are application segment of Xanthan Gum market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
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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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