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Global Seaweed Market Worth 14.7 Billion USD by 2021 - Axiom MRC.

New York, NY, June 21, 2016 --( Axiom MRC ( added a report on global seaweed market by types, applications and geography. The global seaweeds market was valued at USD 10.4 billion in 2015 and is projected to reach USD 14.7 billion by 2021 at a CAGR of 6.03% from 2016 to 2021. It is majorly driven by growing application of seaweeds for medicinal purposes as well as their use in the extraction of hydrocolloids. Increasing preference for organic fertilizers, and growing health consciousness among people is also diving the market for seaweeds, as seaweeds are increasingly used for human food consumption as well as plant growth regulators.

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Among the types of seaweeds, red seaweeds held the largest market share in 2015, followed by brown seaweeds and green seaweeds. Red seaweeds are highly used for human consumption and find application in almost all the industries. The carrageenan hydrocolloid extracted from red seaweeds are considered very useful as gelling and thickening agent and are highly used in various industries.

The applications considered in the seaweeds market are human consumption, agriculture, animal feed additives, medical applications, biotechnological applications, and others, which include cosmetics, biomass for biofuel, wastewater management, and integrated aquaculture.

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The seaweeds market is studied for North America, Europe, Latin America, Asia-Pacific ad RoW that includes South Africa, the Middle East, and others. Asia-Pacific dominated the market with the largest market share followed by North America, and Europe. China and Indonesia have the largest market share in the country-level market in Asia-Pacific region. High consumption of edible seaweeds in Chinese, Japanese, and Korean cuisine is driving the seaweeds market in Asia-Pacific. Increasing application of seaweeds right from a toothpaste to pharmaceuticals is increasing the demand for seaweeds in North America and Europe.

The leading players in this industry include Acadian Seaplants Limited, Brandt, E.I. Dupont De Nemours and Company, Cargill, Incorporated, Compo Gmbh & Co. Kg, Biostadt India Limited, Gelymar, Qingdao Bright Moon Group Co., LTD, Ocean Harvest Technology, MSC Co.,Ltd., TBK Manufacturing Corporation, CP Kelco, High Hope Foods (Nanjing) Co., Ltd., Ocean Rainforest Sp/F, Seasol International Pty. Ltd, Lonza Group Ltd, W Hydrocolloids, Inc and Roullier Group. Companies such as Cargill Inc. and DuPont have also entered the seaweeds market due to its growing commercial value. These companies are investing in R&D to find new applications of different species of seaweeds. Along with this, they are making their presence strong in the market though strategies such as mergers, acquisitions, joint ventures and collaborations. Thus, the market for seaweeds is continuously rising due to its versatile applications right from toothpaste to pharmaceuticals which can help cure fatal diseases like cancer and diabetes.

Contact Information:

Axiom Market Research and Consulting

John Stadler

+1 (845) 875-9786

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Date:Jun 21, 2016
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