Seaweed Cultivation Market is projected to top a valuation of US$ 41 Bn by 2031

News provided by

Persistence Market Research Pvt. Ltd.

Sep 22, 2021, 07:00 ET

NEW YORK, Sept. 22, 2021 /PRNewswire/ -- The global seaweed cultivation market is expected to register growth at a CAGR of over 8% through 2031, and top a valuation of US$ 41 Bn, as per estimates by Persistence Market Research.

Increased utilization of seaweed as a natural thickening and gelling agent, which is beneficial for the production of cheese, creams, desserts, and other products, is driving its demand. Demand for healthy ingredients in the food & beverage industry is surging. This is driving consumption and preference for plant-based food products among consumers.

Companies are scrambling to acquire certifications that would help in authenticating their products, thereby driving their sales.

In 2020, Pacific Harvest became a New Zealand FrenMark Licensee, which is an official accreditation program of the New Zealand Government. This license ensures the authenticity of products and builds trust among customers, which is helping the company improve its sales.
Z-Company focuses on offering standard and certified products to its customers and meets all existing quality specifications. The company acquired quality and standard certification for organic production by Skal BioControl in 2021.

Request for sample PDF of report: https://www.persistencemarketresearch.com/samples/32335

Key Takeaways from Market Study

High growth potential for seaweed cultivation is shown by North America, the Middle East and Africa, and Europe, with expected value CAGRs of 11.5%, 10.8%, and 9.9%, respectively.
Based on application, high growth potential is depicted by the animal feed industry and pharmaceuticals sector at value CAGRs of 9.3% and 8.8%, respectively.
Ever-growing demand for supplements and people looking for alternative protein sources are driving market growth.
East Asia and South Asia are dominating the industry with a market share of more than 90%.
The Covid-19 pandemic had a significant impact on the global market for seaweed cultivation. But as the situation improves, the market is anticipated to get back to its normal growth trajectory over the coming months.

Know the methodology of report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/32335

"With high nutritional value, seaweeds are widely used in nutraceuticals, pharmaceuticals, and food. Thus, it would be profitable for seaweed cultivators to offer their products in these end-use industries," says a Persistence Market Research analyst.

Competitive Landscape

Companies are investing in research & development activities to come up with new and improved products. They are also concentrating on improving their market penetration across various regions.

DuPont de Nemours, Inc. focuses on research & development for offering innovative products to its customers along with a strong emphasis on quality.
VitaminSea Seaweed focuses on improving and expanding its product portfolio through product innovation and developments. Research for new products is being carried out to deliver safe, pure, and organic natural products to customers.

Get full access of report: https://www.persistencemarketresearch.com/checkout/32335

Explore More Valuable Insights

Persistence Market Research, in its new report, offers an impartial analysis of the global seaweed cultivation market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.

The study offers compelling insights on the basis of type (red seaweed, green seaweed, and brown seaweed), method of harvesting (aquaculture and wild harvesting), form (flakes, powder, liquid, and sheets), and application (food industry, feed industry, agriculture, pharmaceuticals, and others), across seven major regions of the world.

Related Reports:

About Persistence Market Research:

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Overview:

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

Contact

Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: [email protected]
Visit Our Website: https://www.persistencemarketresearch.com

Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research_Logo.jpg

SOURCE Persistence Market Research Pvt. Ltd.