Dublin, Oct. 29, 2020 (GLOBE NEWSWIRE) -- The "Seaweed Cultivation Market by Type (Red, Brown, Green), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes, Sheets), Application (Food, Feed, Agriculture, Pharmaceuticals), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
It 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 edible seaweeds' functional properties, growth in consumer awareness regarding the health benefits of seaweed-based products, increasing industrial, agricultural, feed-related applications, and the rising market for seaweed as snack products are projected to drive the growth of the seaweed cultivation industry during the forecast period.
However, excessive use of seaweed 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 cultivation market.
The red seaweed is estimated to dominate the global seaweed cultivation market, in terms of volume.
Red seaweeds are the largest group of seaweeds that are directly consumed as food due to their high content of essential nutrients, such as vitamins, minerals, and antioxidants. As the red seaweeds are nutrition-dense, they are used mainly in various food products, such as soups, salads, snacks, and sushi.
Red seaweeds are preferred more due to their nutrition and protein-rich properties compared to brown and green seaweeds. These seaweeds are also used to manufacture agar and carrageenan, widely used as a thickening and gelling agent. On account of these factors, the red seaweed is projected to witness high demand globally.
Seaweeds harvested from aquaculture is projected to witness the fastest growth in the market during the forecast period.
Seaweeds are mainly obtained from aquaculture and are used for the extraction and production of carrageenan and alginates. The rise in demand for aquaculture seaweeds as a raw material for the hydrocolloid industry to manufacture carrageenan, agar-agar, and alginates is projected to reflect overall market growth positively.
Furthermore, aquaculture seaweeds' cultivation does not require large setups and causes minimum harm to fishery resources and seabed. In the developing countries, this method acts as a sustainable activity, which also provides an alternative livelihood for the small-scale fishing community. Due to these factors, seaweed aquaculture remains high across regions, contributing toward the overall market growth.
The global market for seaweed cultivation is dominated by major players such as Cargill (US), DuPont (US), Groupe Roullier (France), CP Kelco U.S., Inc. (US), Acadian Seaplants (US), Qingdao Gather Great Ocean Algae Industry Group (China), and Qingdao Seawin Biotech Group Co. Ltd. (China).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Seaweed Cultivation Market
4.2 Seaweed Cultivation Market: Key Countries, 2020 (Value)
4.3 Seaweed Cultivation Market, by Type & Region, 2020 (Value)
4.4 Seaweed Cultivation Market, by Method of Harvesting, 2020 (Value)
4.5 Seaweed Cultivation Market, by Application, 2020 (Value)
4.6 Asia-Pacific: Seaweed Cultivation Market, by Form & Country, 2020 (Value)
5 Market Overview
5.1 Introduction
5.1.1 Macroeconomic Indicators
5.1.1.1 Trade Scenario: Seaweeds
5.1.1.2 Major Seaweed Importing Countries
5.1.1.3 Major Seaweed Exporting Countries
5.2 Seaweed Cultivation Market Dynamics
5.2.1 Drivers
5.2.1.1 Functional Properties of Edible Seaweeds and Growth in Consumer Awareness Regarding the Health Benefits of Seaweed-Based Products
5.2.1.2 Rise in Seaweed Farming Practices Propelled by Global Demand
5.2.1.3 Increasing Industrial, Agricultural, and Feed-Related Applications
5.2.1.4 Rising Market for Seaweed as a Snack Product
5.2.2 Restraints
5.2.2.1 Natural Calamities Hindering the Production of Seaweeds
5.2.3 Opportunities
5.2.3.1 Increase in Technological Developments
5.2.4 Challenges
5.2.4.1 Lack of Financial Support, Government Engagement, and Improper Marine Spatial Plans
5.2.4.2 Toxicity Associated with the Consumption of Seaweeds
5.3 Value Chain: Food, Feed, and Agricultural Products
5.4 Trends/Disruptions Impacting Customer's Business
5.5 Pricing Analysis
5.6 Market Map
5.7 Technology Analysis
5.8 Patent Analysis
5.9 Case Study Analysis
5.9.1 Sample: Seaweed Cultivation Market - Global Forecast to 2025
6 Impact of COVID -19 on the Seaweed Cultivation Market
7 Seaweed Cultivation Market, by Process
7.1 Introduction
7.2 Seeding/Netting
7.3 Open Sea Transplanting
7.4 Harvesting
7.5 Drying
7.6 Processing
7.7 Value Chain: Seaweed Cultivation
8 Seaweed Cultivation Market, by Type
8.1 Introduction
8.2 Red Seaweeds
8.2.1 Red Seaweeds are Largely Used in Various Food Products Such as Soups, Salads, Snacks, and Sushi
8.3 Brown Seaweeds
8.3.1 Brown Seaweeds are Highly Used in the Production of High-Grade Alginates
8.4 Green Seaweeds
8.4.1 Emerging Use of Green Seaweed in Biofuel Production and Wastewater Treatment Expected to Drive Market Growth
9 Seaweed Cultivation Market, by Method of Harvesting
9.1 Introduction
9.2 Aquaculture/Industrial
9.2.1 Rise in the Demand for Carrageenan, Agar-Agar, and Alginates Expected to Drive the Growth of Aquaculture Seaweeds
9.3 Wild Harvesting/Traditional
9.3.1 Growth of Wild Harvested Seaweeds is Declining, as These are Susceptible to Easy Contamination by Harmful Substances Such as Mercury and Arsenic
10 Seaweed Cultivation Market, by Form
10.1 Introduction
10.2 Liquid
10.2.1 Varied Applications of Liquid Seaweeds in Agriculture, Pharmaceuticals, Cosmetics, Animal Feed, and Others
10.3 Powder
10.3.1 Use of Powdered Seaweeds in Cosmetics due to the Presence of Vitamins and B12 and E
10.4 Flakes
10.4.1 Increase in Usage as a Seasoning Agent Expected to Drive the Segment
10.5 Sheets
10.5.1 Low Shelf Life due to Susceptibility to Moisture Retention
11 Seaweed Cultivation Market, by Application
11.1 Introduction
11.2 Food
11.2.1 Increasing Application of Seaweed Extracts Such as Agar, Carrageenan, and Alginate in Processed Food Driving the Market
11.2.2 Dairy
11.2.3 Meat & Poultry
11.2.4 Bakery
11.2.5 Confectionery
11.2.6 Other Food Applications
11.3 Feed
11.3.1 Seaweeds are Significantly Used as a Source of Feed due to Their High Protein Content
11.4 Agriculture
11.4.1 Presence of Hormones Such as Auxins & Gibberellins in Seaweeds Driving the Market for Seaweeds as Agricultural Fertilizers
11.5 Pharmaceuticals
11.5.1 Brown Seaweeds Have Wider Usage in the Pharmaceutical Industry
11.6 Other Applications
11.6.1 Increasing Usage of Seaweeds in Bio-Fuel, Integrated Aquaculture, and Wastewater Treatment due to High Nutrient Content
12 Seaweed Cultivation Market, by Region
13 Competitive Landscape
13.1 Overview
13.2 Market Ranking
13.2.1 Market Share Analysis
13.2.2 Market Evaluation Framework
13.3 Competitive Scenario
13.3.1 Expansions & Investments
13.3.2 Acquisitions
13.3.3 New Product Launches
13.3.4 Agreements, Joint Ventures, Collaborations, & Partnerships
13.4 COVID-19 Specific Company Response
14 Company Evaluation Matrix & Company Profiles
14.1 Company Evaluation Matrix
14.1.1 Stars
14.1.2 Pervasive Players
14.1.3 Emerging Leaders
14.2 Competitive Leadership Mapping (Start-Ups/Smes
14.2.1 Progressive Companies
14.2.2 Starting Blocks
14.2.3 Responsive Companies
14.2.4 Dynamic Companies
14.3 Company Profiles
14.3.1 Dupont
14.3.2 Cargill, Incorporated
14.3.3 Groupe Roullier
14.3.4 Cp Kelco U.S., Inc.
14.3.5 Acadian Seaplants
14.3.6 Qingdao Gather Great Ocean Algae Industry Group
14.3.7 Atseanova
14.3.8 The Seaweed Company
14.3.9 Seaweed Energy Solutions As
14.3.10 Algea
14.3.11 Gelymar
14.3.12 Seasol
14.3.13 Ceamsa
14.3.14 Qingdao Seawin Biotech Group Co. Ltd.
14.3.15 Compo Expert GmbH
14.3.16 Algaia
14.3.17 Irish Seaweeds
14.3.18 Beijing Leili Agricultural Co. Ltd.
14.3.19 Mara Seaweed
14.3.20 Aquagri Processing Pvt. Ltd.
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