Commercial Seaweed Market by Type (Red Seaweed, Brown Seaweed, Green Seaweed), by By Geography (North America), by Europe (U.K., Germany, France, Italy, Spain, Belgium, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by The Middle East and Africa (South Africa, UAE, Rest of the Middle East & Africa) Forecast 2024-2032
The Commercial Seaweed Market size was valued at USD 14.11 USD Billion in 2023 and is projected to reach USD 26.18 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. The market potential for commercial seaweed demonstrated great enhancement due to the health benefits associated with seaweed as a source of vitamins and minerals including antioxidants in commercially sold seaweed. It is useful in food, cosmetics, pharmaceuticals and fertiliser sectors. It includes some characteristics like organic production methods various uses and nutrient composition. Other major commercial types of seaweed are reds, browns and greens. Technology adds to increased product performance and reduced time. Apart from showing that seaweed farming can provide human nutrition, the study also demonstrates that seaweed farming can help preserve the environment and keep our oceans sustainable by slowing the rate of acidification and providing marine habitat. Among the benefits include their contributions in the area of world food security, sustainable agriculture and environment, and carbon storage. There has been an overwhelming rise in the need for natural products that has encouraged more development and diversification in the market.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
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Note* : In applicable scenarios
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