Global seaweed market, by type of seaweed, by technique,


New York, April 14, 2022 (GLOBE NEWSWIRE) — announces the publication of the report “Global Algaculture Market, By Type of Algae, By Technique, By Application, By Region, Competition Forecast and Opportunities, 2017-2027” –

The global seaweed market is expected to grow at a significant rate during the forecast period. This growth can be attributed to the growing demand for high-yielding crops and the increasing use of various biological methods to improve crop productivity.

Seaweed can be used for various necessities such as food, nutrition, fertilizers, bioplastics, pigments, chemical raw materials, pharmaceuticals, pollution control, natural food colors and dyes, etc. . Algae can grow ten times faster than terrestrial plants and require one-tenth the land, making seaweed farming sustainable and environmentally friendly.

Cultivation of algae such as phytoplankton, microphytes, seaweed, etc., for commercial and industrial purposes due to hygiene concerns and increasing need for inoculant ingredients, is propelling the growth of the global market for seaweed farming. Many high-value and niche products are being produced owing to the anti-carcinogenic and anti-inflammatory properties and unusual nutritional properties of seaweed, which is expected to drive the growth of the global seaweed market in the coming years. Growing demand for seaweed from various end-user industries such as pharmaceutical, packaging, power generation, chemical and other industries is further contributing to the growth of the global seaweed market. Technological advancements in aquaculture practices and increasing demand for rapid cultivation of microalgae for its derived products or services are supporting the growth of the global aquaculture market. Companies involved in algae cultivation are investing in R&D activities to further improve the yield and create algae monocultures, which is propelling the growth of the global algae cultivation market.
The global algae farming market segmentation is based on algae type, technique, application, regional distribution, and competitive landscape. Based on the type of algae, the market is divided into microalgae and macroalgae.

Microalgae are expected to dominate the global seaweed market due to their increased use in pet food, cosmetics, and other end-user industries. Based on the region, the Asia-Pacific market is expected to hold the largest share in the global seaweed market due to the easy availability of raw materials, favorable climatic conditions, low labor costs, etc.
Companies dominating the global seaweed market include Marigan Holding BV, Prolgae Spirulina Supplies Pvt. Ltd., Swedish Algae Factory Ab, Monzon Biotech SL, Algatech Ltd., etc. Companies involved in the global seaweed industry are increasingly investing in the development of new technologies to further improve seaweed yield to sustain growth.

Years considered for this report:

Historical years: 2017-2020
Base year: 2021
Estimated year: 2022
Forecast period: 2023-2027

Goal of the study:

• To analyze the historical growth in market size of the global Seaweed market from 2017 to 2021.
• Estimate and forecast the global Seaweed Farming market size from 2022 to 2027 and the growth rate till 2027.
• To classify and forecast the global Seaweed Market based on product type, application, fuel type, region and competitive landscape.
• Identify the dominant region or segment in the global seaweed market.
• Identify drivers and challenges for the global seaweed market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global seaweed market.
• Identify and analyze the profile of key players operating in the global seaweed market.
• Identify the key sustainable strategies adopted by market players in the global seaweed market.

Report Scope:

In this report, the global seaweed market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Seaweed market, by type of seaweed:
o Microalgae
o Macroalgae
• Algaculture Market, By Technique:
o Monoculture
o Mixed culture
o Serial dilution
o Others
• Seaweed market, by application:
o Fertilizer
o Feed
o Food coloring
o Pharmaceuticals
o Others
• Seaweed market, by region:
o North America
United States
o Europe
o Asia-Pacific
South Korea
o Middle East and Africa
South Africa
Saudi Arabia
United Arab Emirates
o South America

The analyst conducted extensive primary and secondary research for this study. Initially, the analyst procured a list of service providers across the country.

Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.

Using this technique, TechSci Research was unable to include service providers that could not be identified due to secondary research limitations. The analyst looked at the service providers, distribution channels and presence of all major players across the country.
The analyst has calculated the global seaweed market size using a bottom-up approach, in which data from various end-user segments has been recorded and forecasted for the coming years. The analyst obtained these values ​​from industry experts and company representatives and validated them externally by analyzing historical data for these types of products to derive an appropriate overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key target audience:

• Global seaweed service providers
• Suppliers of raw materials
• Research organizations and consulting companies
• Research institutes
• Industry associations
• Market research and consulting firm
The study is helpful in providing answers to several critical questions that are important to industry stakeholders such as service providers, partners, end users, etc. in addition to allowing them to develop investment strategies and capitalize on market opportunities.

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the global seaweed market.

Customizations available:

With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of other market players (up to five).
Read the full report:

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