The Commercial Seaweeds Market is predicted to reach USD 18 billion with a CAGR of 9.25% according to Market Data Forecast report.

The Commercial Seaweeds Market is predicted to reach USD 18 billion with a CAGR of 9.25% according to Market Data Forecast report.

ID: 2457 | July 2017 | Region: Global


The Commercial Seaweeds Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Commercial Seaweeds Market is estimated to be USD 11.56 billion in 2016 and predicted to rise to USD 18 billion by 2021 with a CAGR of 9.25%. The market is segmented by Form (Flakes, Liquid, Powdered), by Type (Brown Seaweeds, Green Seaweeds, Red Seaweeds), by Application (Agriculture, Animal Feed, Food, Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The current market trends are pointing towards a bright future for the commercial seaweeds market with a high potential. This growth of the market can be attributed to the factors such as increasing applications of seaweeds, medical uses of spirulina, emergence of seaweeds as snacks, uses of seaweeds in bio refining. On the other side, there are factors restraining the market growth like natural calamities effecting the production and harmful effects of over use.

The global commercial seaweeds market is segmented on the basis of form, type and application. Based on segmentation by type, the red seaweeds dominate the market share and are the fastest growing segment as well. Similarly, based on application, human food segment leads the market share due to high nutritive value of seaweeds. Lastly, based on form the market share is led by the liquid form.

On the basis of geographical analysis, the market is divide into various regions across the globe. Asia Pacific market accounts for the largest market share among all the regions, followed by North America and Europe. North America is predicted to be the fastest growing region, while Asia-Pacific is expected to have a steady growth.

There are various reputed companies in the market of commercial seaweeds like, E.I. Dupont De Nemours and Company, Roullier Group, Cargill Incorporated, Compo Gmbh & Co. Kg, Acadian Seaplants Limited, Biostadt India Limited, Brandt, Gelymar, CP Kelco, Seasol International Pty. Ltd

Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-commercial-seaweeds-market-2451/” and checkout our recent reports in the Ingredients category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/food-ingredients-10/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.

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