The latest research study "Commercial Seaweeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027". The global commercial seaweeds market reached a value of US$ 17.7 Billion 2021. Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2027, exhibiting a CAGR of 9.71% during 2022-2027.
Commercial Seaweeds Industry Definition and Application:
Commercial seaweeds refer to macroalgae attached to hard substrata in lakes, rivers, oceans, and several other water bodies. They are extensively used to produce water-soluble carbohydrates, which further find widespread applications in the food and beverage sector to increase the viscosity of aqueous solutions. They also help in enhancing the skin moisture retention properties of cosmetic products, such as lotions and creams. Moreover, due to the rich fiber content, commercial seaweeds are used as a soil conditioner and can be watered or applied directly around the plant root areas.
Commercial Seaweeds Market Trends:
The increasing consumption of seaweed as dietary supplements is primarily driving market growth. Furthermore, seaweeds are rich in bioactive compounds and have antimicrobial and antioxidants properties, which make them suitable for several medicinal purposes. Moreover, the expanding food and beverage (F&B) industry is increasingly adopting commercial seaweeds to stabilize ice creams, form gels, and produce water-soluble films. Additionally, the growing application of commercial seaweed as a thickening agent in the textile industry is also catalyzing product demand. Furthermore, because seaweeds can absorb heavy metal ions such as cadmium and zinc from polluted water, they are gaining popularity in wastewater treatment plants all over the world. This is expected to drive the global commercial seaweed market even further in the coming years.
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Global Commercial Seaweeds Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of region, product, form, and application.
Breakup by Product:
Breakup by Form:
Breakup by Application:
Breakup by Region:
Key highlights of the report:
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