DUBLIN, May 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Commercial Seaweeds Market - Global Forecasts to 2021" report to their offering.
The commercial seaweeds market is projected to grow at a CAGR of 9.17% to reachUSD 17.59 Billion by 2021.
The market growth is driven by increasing awareness about the pharmaceutical uses of seaweeds and growing demand from the European region. The market is further driven by factors such as growing awareness of nutritive values in seaweeds and their thickening and gelling properties which can be used in various industries such as hydrocolloids.
There are various applications of commercial seaweeds, such as human food, animal feed, agriculture, and others which include cosmetics, integrated aquaculture, biomass as biofuel, and wastewater management. Seaweeds are used on a large scale for human consumption due to their high nutritive value and usage of raw seaweeds in Chinese, Japanese, and Korean cuisines.
In 2015, Asia-Pacific accounted for the largest market share for commercial seaweeds, followed by North America and Europe. China and Indonesia constituted the largest country-level markets in the Asia-Pacific region in 2015. Increasing awareness about the benefits of commercial seaweeds among industrialists and consumers is leading to the growth in this region. The usage of commercial seaweeds can be treated as a risk-hedging technique and can be considered as a safe investment which has led to increased sales of seaweed products in the Asia-Pacific market. The commercial seaweeds market in the North American region is projected to grow with investments from several multinational manufacturers, and extensive R&D initiatives have been taken for exploring the applications of seaweeds.
Occurrences of natural calamities hampering the production of seaweeds and harmful effects of consumption of excess seaweeds are the restraining factors in the commercial seaweeds market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Commercial Seaweeds Market, By Type
8 Commercial Seaweed Market, By Form
9 Commercial Seaweeds Market, By Application
10 Commercial Seaweeds Market, By Region
11 Competitive Landscape
12 Company Profiles
- Acadian Seaplants Limited
- Biostadt India Limited
- Cargill, Incorporated
- Compo Gmbh & Co. Kg
- Cp Kelco
- E.I. Dupont De Nemours And Company
- Roullier Group
- Seasol International Pty. Ltd
For more information visit http://www.researchandmarkets.com/research/hqhxzj/commercial
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/commercial-seaweeds-market-worth-1759-billion-by-2021---growing-demand-from-european-region---research-and-markets-300270203.html
SOURCE Research and Markets