Commercial Seaweed Market Forecasts | 87 Billion Dollar Mark by 2024, 260 pages report
Asia Commercial Seaweed Market to witness growth of 8% by 2024 owing to rising seaweed cultivation activities, the consumption of seaweed-based products is increasing in developing nations such as Japan, South Korea, and China.
Selbyville, United States – July 24, 2019 /MarketersMedia/ —
Commercial seaweed market has been thriving in Asia Pacific for the past many decades. The per capita consumption of seaweed in Japan currently is about 4 kg while China consumes around 2 to 2.5 kg. In consequence, Asia Pacific accounted for 75% of the entire commercial seaweed market share in 2016 and is expected to grow at a rapid pace over 2017-2024. Europe and North America have delved into the commercial seaweed industry comparatively recently, but the industry is projected to grow rapidly in these regions owing to the product’s massive application across myriad sectors.
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Regional governments are not far behind when it comes to supporting the growth of commercial seaweed market. For instance, the US Department of Energy recently awarded $22 million to research teams to focus on the development of biofuel using seaweed. Aided by the participation of government bodies and industry players, commercial seaweed market is projected to witness a CAGR of 8% over 2017-2024. As per estimates, this business space is expected to surpass $87 billion by 2024.
As the demand for seaweed hydrocolloid continues to grow and novel technologies for processing are developed, seaweed processing is expected to gain traction, in consequence, propelling commercial seaweed industry.
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Seaweed extracts are also gaining eminence across pharmaceuticals, textile, cosmetics, paper products and biofuels. An interesting scientific discovery that will potentially widen the scope for commercial seaweed industry is the use of dried seaweed as an additive to cattle feed. Cows release a significant amount of methane into the atmosphere, a gas that is estimated to be approximately 25 times worse than carbon dioxide. Dried seaweed has been found to be effective in controlling the gas problem in cows and eliminating methane by 50 to 70 percent. Commercial seaweed market is also gaining traction through innovative cultivation that has developed seaweed tasting like bacon.
The most notable growth avenue for the commercial seaweed market has been built through the application of hydrocolloids extracted from seaweeds in the food industry. The commercial application of hydrocolloids was initially developed in North America and Europe. However, the development of commercial farming in Asia Pacific has changed the hydrocolloids industry structure. Indonesia in recent times, has emerged as one of the leaders in the agar and carrageenan seaweed producers while China has taken up a remarkably leading position in the seaweed hydrocolloids processor market.
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Commercial Seaweed Market has been gaining rapid traction in recent years, primarily on account of the rising number of valuable uses of seaweed—from food and fertilizer to pharmaceuticals and industrial gels. Incidentally, Asian countries like China, Japan, Korea, and Indonesia have already been lucrative growth grounds for commercial seaweed market for a long while. Lately though, the developed economies of the West have also been tapping into the wide range of health benefits that can be derived from seaweeds. The notion of using seaweed as a natural salt substitute in the light of the increasing prevalence of disorders such as hypertension has been fueling commercial seaweed industry.
Partial Report Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.1.4.1. Definitions
1.1.4.2. Forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Commercial seaweeds industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. Commercial Seaweed Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.1.1. List of key manufacturers
3.3.1.2. List of key/potential customers
3.3.2. Distributor channel analysis
3.4. Technology landscape
3.5. Raw material analysis
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Pricing analysis
3.7.1. Price by region
3.7.2. Price by product
3.7.3. Price by application
3.7.4. Price by form
3.7.5. Cost structure analysis
3.7.5.1. R&D cost
3.7.5.2. Manufacturing & equipment cost
3.7.5.3. Distribution cost
3.7.5.4. Operating cost
3.7.5.5. Miscellaneous cost
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Increasing demand for seaweeds in food applications
3.8.1.2. Growing demand for eco-friendly fertilizers
3.8.1.3. Rising applications of seaweed hydrocolloids in various end-user industries
3.8.2. Industry pitfalls & challenges
3.8.2.1. Huge fluctuations in seaweed prices
3.9. Innovation & sustainability
3.10. Growth potential analysis
3.10.1. Emerging business models
3.11. Porter’s analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of substitutes
3.11.4. Threat of new entrants
3.11.5. Industry rivalry
3.12. Competitive landscape
3.12.1. Company market share, 2016
3.12.2. Strategic dashboard
3.13. PESTEL analysis
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
-Definition and scope of research
-Market dynamics, growth drivers and industry pitfalls
-Regulatory and political guidelines for the industry
-Demographics and statistical data
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Organization: Global Market Insights Inc.
Website: https://www.gminsights.com/industry-analysis/commercial-seaweed-market
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